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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 13.16 USD Billion 2022
GDP Annual Growth Rate 1.2 % 2022
GDP per capita 554 USD 2022
Inflation Rate YoY 28.6 % Aug/23
Interest Rate 24 % Sep/23
Unemployment Rate 5.6 % 2022
Balance of Trade -193500 MWK Million | -0.167 B USD Jul/23
Current Account -351 USD Million | -0.351 B USD 2022
Foreign Exchange Reserves 705 MWK Billion | 0.609 B USD Jul/23


GDP Indicators

Indicator Data Period
GDP Value 13.16 USD Billion 2022
GDP Annual Growth Rate 1.2 % 2022
GDP per capita 554 USD 2022
GDP Constant Prices 7685453 MWK Million | 6.64 B USD 2022
GDP per capita PPP 1467 USD 2022


Budget Indicators

Indicator Data Period
Government Debt to GDP 66.7 % 2022
Government Budget Value 20.7 MWK Million | 0 B USD 2023
Government Spending 147297 MWK Million | 0.127 B USD 2019
Government Revenues 247 MWK Million | 0 B USD 2023
Fiscal Expenditure  226 MWK Million | 0 B USD 2023
Government Budget to GDP -6.8 % 2022
Military Expenditure 75.8 USD Million | 0.076 B USD 2022


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 144 Index Points Aug/23
Food Inflation 39.4 % Aug/23
Inflation Rate YoY 28.6 % Aug/23
CPI Housing Utilities 136 Index Points Aug/23
CPI Transportation 143 Index Points Aug/23


Trade Indicators

Indicator Data Period
Current Account to GDP -2.8 % 2022
Balance of Trade -193500 MWK Million | -0.167 B USD Jul/23
Capital Flows -28.49 USD Million | -28490 B USD 2022
Current Account -351 USD Million | -0.351 B USD 2022
Exports 104100 MWK Million | 0.09 B USD Jul/23
External Debt 2812734 MWK Million | 2.43 B USD 2021
Foreign Exchange Reserves 705 MWK Billion | 0.609 B USD Jul/23
Imports 297600 MWK Million | 0.257 B USD Jul/23


Money Indicators

Indicator Data Period
Gold Reserves 0.4 Tonnes 2Q/23
Interest Rate 24 % Sep/23
Money Supply M1 1460900 MWK Million | 1.262 B USD Dec/22
Money Supply M2 3266 MWK Million | 0.003 B USD Jul/23
Foreign Direct Investment 189 USD Million | 0.189 B USD 2022
Private Sector Credit  1130 MWK Million | 0.001 B USD 2023


Labor Indicators

Indicator Data Period
Unemployment Rate 5.6 % 2022


Taxes

Indicator Data Period
Corporate Tax Rate 30 % 2023
Personal Income Tax Rate 35 % 2023
Sales Tax Rate 16.5 % 2023


Production Indicators

Indicator Data Period
Industrial Production -12.47 % Dec/18


Business Indicators

Indicator Data Period
Corruption Index 34 Index Points 2022
Corruption Rank 110 place 2022
Ease of Doing Business 109 place 2019
Competitiveness Index 43.7 Index Points 2019
Competitiveness Rank 128 2019