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Economy of Malawi. Statistics, Data and Indicators

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Malawi
N/AN/A Credit rank #
N/A Quality of life #
110 Corruption rank#110
109 Ease of doing business#104
Malawi


Malawi Major Economic Indicators

Indicator Data Period
GDP Value 12.63 USD Billion 2021
GDP Annual Growth Rate 3.8 % 2021
GDP per capita 389 USD 2021
Inflation Rate YoY 25.4 % Dec/22
Interest Rate 18 % Dec/22
Unemployment Rate 7 % 2021
Balance of Trade -31325 MWK Million | -0.03 B USD Jun/22
Current Account -1283 USD Million | -1.283 B USD 2021
Foreign Exchange Reserves 765 MWK Billion | 0.744 B USD Nov/22


GDP Indicators

Indicator Data Period
GDP Value 12.63 USD Billion 2021
GDP Annual Growth Rate 3.8 % 2021
GDP per capita 389 USD 2021
GDP Constant Prices 7536528 MWK Million | 7.334 B USD 2021
GDP per capita PPP 1491 USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 58.8 % 2021
Government Budget Value -104 MWK Million | 0 B USD 2022
Government Spending 147297 MWK Million | 0.143 B USD 2019
Government Revenues 144 MWK Million | 0 B USD 2022
Fiscal Expenditure  249 MWK Million | 0 B USD 2022
Government Budget to GDP -8.3 % 2021
Military Expenditure 83.3 USD Million | 0.083 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 122 Index Points Nov/22
Food Inflation 33.4 % Nov/22
Inflation Rate YoY 25.4 % Dec/22
CPI Housing Utilities 118 Index Points Nov/22
CPI Transportation 133 Index Points Nov/22


Trade Indicators

Indicator Data Period
Current Account to GDP -13.1 % 2021
Balance of Trade -31325 MWK Million | -0.03 B USD Jun/22
Capital Flows 1270 USD Million | 1270000 B USD 2019
Current Account -1283 USD Million | -1.283 B USD 2021
Exports 77715 MWK Million | 0.076 B USD Jun/22
External Debt 2812734 MWK Million | 2.737 B USD 2021
Foreign Exchange Reserves 765 MWK Billion | 0.744 B USD Nov/22
Imports 109040 MWK Million | 0.106 B USD Jun/22


Money Indicators

Indicator Data Period
Gold Reserves 0.4 Tonnes 3Q/22
Interest Rate 18 % Dec/22
Money Supply M1 1301351 MWK Million | 1.266 B USD Aug/22
Money Supply M2 2628 MWK Million | 0.003 B USD Nov/22
Foreign Direct Investment 112 USD Million | 0.112 B USD 2019
Private Sector Credit  1022 MWK Million | 0.001 B USD 2022


Labor Indicators

Indicator Data Period
Unemployment Rate 7 % 2021


Taxes

Indicator Data Period
Corporate Tax Rate 30 % 2022
Personal Income Tax Rate 40 % 2022
Sales Tax Rate 16.5 % 2022


Production Indicators

Indicator Data Period
Industrial Production -12.47 % Dec/18


Business Indicators

Indicator Data Period
Corruption Index 35 Index Points 2021
Corruption Rank 110 place 2021
Ease of Doing Business 109 place 2019
Competitiveness Index 43.7 Index Points 2019
Competitiveness Rank 128 2019