Malawi Economic Statistics and Indicators

13, Nov 2018, EST. Welcome to the Malawi economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Malawi › Change country
National or Regional Currency: Malawian Kwacha, MWK
Year of data: 2015 › Change year
Number of Indicators Listed: 34
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 17,377,468 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 118,484 sq km ; land: 94,080 sq km ; water: 24,404 sq km
Natural Resources: limestone, arable land, hydropower, unexploited deposits of uranium, coal, and bauxite
Capital: name: Lilongwe ; geographic coordinates: 13 58 S, 33 47 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)

Landlocked Malawi ranks among the world's most densely populated and least developed countries. The economy is predominately agricultural with about 80% of the population living in rural areas. Agriculture, which has benefited from fertilizer subsidies since 2006, accounts for one-third of GDP and 90% of export revenues. The performance of the tobacco sector is key to short-term growth as tobacco accounts for more than half of exports. The economy depends on substantial inflows of economic assistance from the IMF, the World Bank, and individual donor nations. In 2006, Malawi was approved for relief under the Heavily Indebted Poor Countries (HIPC) program. In December 2007, the US granted Malawi eligibility status to receive financial support within the Millennium Challenge Corporation (MCC) initiative. The government faces many challenges including developing a market economy, improving educational facilities, facing up to environmental problems, dealing with the rapidly growing problem of HIV/AIDS, and satisfying foreign donors that fiscal discipline is being tightened. Between 2005 and 2009 President BANDA'S government exhibited improved financial discipline under the guidance of Finance Minister Goodall GONDWE and signed a three year IMF Poverty Reduction and Growth Facility (PRGF) worth $56 million. The government announced infrastructure projects that could yield improvements, such as a new oil pipeline for better fuel access, and the potential for a waterway link through Mozambican rivers to the ocean for better transportation options. Since 2009, however, Malawi has experienced some setbacks, including a general shortage of foreign exchange, which has damaged its ability to pay for imports, and fuel shortages that hinder transportation and productivity. Investment has fallen continuously for several years and in 2013 amounted to just 13% of GDP. The government has failed to address barriers to investment such as unreliable power, water shortages, poor telecommunications infrastructure, and the high costs of services. Donors, who provided an average of 36% of government revenue in the past five years, suspended general budget support for Malawi in 2011 due to a negative IMF review and governance issues.
More on the Malawi Economy
More on the Malawi Export, Import and Trade

Economic Indicator Listing
  For Malawi in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.95 %
GDP (Current Prices, National Currency)MWK 3,205.51 Billion.
GDP (Current Prices, US Dollars)US$ 6.416 Billion
GDP Deflator 250.262 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)MWK 70,724.58 .
GDP Per Capita (Current Prices, National Currency)MWK 176,997.00 .
GDP Per Capita (Current Prices, US Dollars)US$ 354.275
GDP (PPP), US DollarsUS$ 20.359 Billion
GDP Per Capita (PPP), US DollarsUS$ 1,124.16
GDP Share of World Total (PPP) 0.018 %
Implied PPP Conversion Rate 157.448
Investment (% of GDP) 12.026 %
Gross National Savings (% of GDP) 4.068 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 780.522 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 21.858 %
Inflation, End of Year (Indexed to Year 2000) 217.923 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 24.855 %
Import Volume of All Items Including Goods and Services (Percent Change) 0.081 %
Import Volumes of Goods Only (Percent Change) 0.081 %
Export Volume of All Items Including Goods and Services (Percent Change) -4.854 %
Export Volumes of Goods Only (Percent Change) -4.854 %
Population 18.111 Million
General government revenue (National Currency)MWK 705.133 Billions.
General government revenue (% of GDP) 24.744 %
General government total expenditure (National Currency)MWK 874.396 Billions.
General government total expenditure (% of GDP) 30.684 %
Total Government Net Lending/ Borrowing (National Currency)MWK -169.263 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -5.94 %
Fiscal Year Gross Domestic Product, Current PricesMWK 2,849.70 Billions.
Current Account Balance (US Dollars)US$ -0.568 Billion
Current Account Balance (% GDP) -8.85 %
Economic Indicators for Malawi 2015

GDP (Constant Prices, National Currency) for Malawi in year 2015 is MWK 1,280.86 Billion.

GDP Growth (Constant Prices, National Currency) for Malawi in year 2015 is 2.95 %.

GDP (Current Prices, National Currency) for Malawi in year 2015 is MWK 3,205.51 Billion.

GDP (Current Prices, US Dollars) for Malawi in year 2015 is US$ 6.416 Billion.

GDP Deflator for Malawi in year 2015 is 250.262 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Malawi in year 2015 is MWK 70,724.58 .

GDP Per Capita (Current Prices, National Currency) for Malawi in year 2015 is MWK 176,997.00 .

GDP Per Capita (Current Prices, US Dollars) for Malawi in year 2015 is US$ 354.275 .

GDP (PPP), US Dollars for Malawi in year 2015 is US$ 20.359 Billion.

GDP Per Capita (PPP), US Dollars for Malawi in year 2015 is US$ 1,124.16 .

GDP Share of World Total (PPP) for Malawi in year 2015 is 0.018 %.

Implied PPP Conversion Rate for Malawi in year 2015 is 157.448 .

Investment (% of GDP) for Malawi in year 2015 is 12.026 %.

Gross National Savings (% of GDP) for Malawi in year 2015 is 4.068 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Malawi in year 2015 is 780.522 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Malawi in year 2015 is 21.858 %.

Inflation, End of Year (Indexed to Year 2000) for Malawi in year 2015 is 217.923 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Malawi in year 2015 is 24.855 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Malawi in year 2015 is 0.081 %.

Import Volumes of Goods Only (Percent Change) for Malawi in year 2015 is 0.081 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Malawi in year 2015 is -4.854 %.

Export Volumes of Goods Only (Percent Change) for Malawi in year 2015 is -4.854 %.

Population for Malawi in year 2015 is 18.111 Million .

General government revenue (National Currency) for Malawi in year 2015 is MWK 705.133 Billions.

General government revenue (% of GDP) for Malawi in year 2015 is 24.744 %.

General government total expenditure (National Currency) for Malawi in year 2015 is MWK 874.396 Billions.

General government total expenditure (% of GDP) for Malawi in year 2015 is 30.684 %.

Total Government Net Lending/ Borrowing (National Currency) for Malawi in year 2015 is MWK -169.263 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Malawi in year 2015 is -5.94 %.

Fiscal Year Gross Domestic Product, Current Prices for Malawi in year 2015 is MWK 2,849.70 Billions.

Current Account Balance (US Dollars) for Malawi in year 2015 is US$ -0.568 Billion.

Current Account Balance (% GDP) for Malawi in year 2015 is -8.85 %.

* Source: IMF
Aggregate Indicators for Malawi
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Malawi
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Malawi
  Natural Resources, Agricultural Products, Land Use and Water Use for Malawi
  Nationality, Ethnic Groups, Languages and Religions for Malawi
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Malawi
  Age Structure, Median Age, Gender and Urbanization for Malawi
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Malawi
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Malawi
  HIV, AIDS and Other Major Infectious Disease Rates for Malawi
  Literacy Rate, Educational Expenditure and School Life Expectancy for Malawi
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Malawi
  Industries and Industrial Growth Production Rate for Malawi
  Labor Force by Occupation for Malawi
  Poverty Line, Gini Index, Household Income and Consumption for Malawi
  National Budget and Public Debt for Malawi
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Malawi
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Malawi
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Malawi
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Malawi
  Foreign Exchange Reserves and Gold Reserves for Malawi
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Malawi
  Exchange Rate Statistics for Malawi
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Malawi
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Malawi
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Malawi
  Television and Radio Statistics (TV Stats, Radio Stats) for Malawi
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Malawi
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Malawi
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Malawi
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Malawi
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Malawi
* Source: CIA
Internet Indicators for Malawi
Indicators
  Number of Internet Users for Malawi
  Internet Penetration Rate for Malawi
  Number of Facebook Accounts for Malawi
  Facebook Penetration Rate for Malawi
* Source: IWS
Economic Freedom Indicators for Malawi
Indicators
  Economic Freedom World Rank for Malawi
  Government Spending for Malawi
  Monetary Freedom for Malawi
  Investment Freedom for Malawi
  Financial Freedom for Malawi
  Property Rights for Malawi
  Economic Freedom Regional Ranking for Malawi
  Freedom from Corruption for Malawi
  Labor Freedom for Malawi
  Tariff Rate for Malawi
  Income Tax Rate for Malawi
  Corporate Tax Rate for Malawi
  Tax Burden % of GDP for Malawi
  Government Expenditure % of GDP for Malawi
  Business Freedom for Malawi
  Trade Freedom for Malawi
  Fiscal Freedom for Malawi
  2016 Score for Malawi
* Source: HFO
Malawi Economic Indicators in other Years
  Malawi Economic Indicators for Year 2021 (Forecast)
  Malawi Economic Indicators for Year 2020 (Forecast)
  Malawi Economic Indicators for Year 2019 (Forecast)
  Malawi Economic Indicators for Year 2018 (Forecast)
  Malawi Economic Indicators for Year 2017 (Forecast)
  Malawi Economic Indicators for Year 2016 (Forecast)
Malawi Economic Indicators for Year 2015 (Current)
  Malawi Economic Indicators for Year 2014
  Malawi Economic Indicators for Year 2013
  Malawi Economic Indicators for Year 2012
  Malawi Economic Indicators for Year 2011
  Malawi Economic Indicators for Year 2010
  Malawi Economic Indicators for Year 2009
  Malawi Economic Indicators for Year 2008
  Malawi Economic Indicators for Year 2007
  Malawi Economic Indicators for Year 2006
  Malawi Economic Indicators for Year 2005
  Malawi Economic Indicators for Year 2004
  Malawi Economic Indicators for Year 2003
  Malawi Economic Indicators for Year 2002
  Malawi Economic Indicators for Year 2001
  Malawi Economic Indicators for Year 2000
  Malawi Economic Indicators for Year 1999
  Malawi Economic Indicators for Year 1998
  Malawi Economic Indicators for Year 1997
  Malawi Economic Indicators for Year 1996
  Malawi Economic Indicators for Year 1995
  Malawi Economic Indicators for Year 1994
  Malawi Economic Indicators for Year 1993
  Malawi Economic Indicators for Year 1992
  Malawi Economic Indicators for Year 1991
  Malawi Economic Indicators for Year 1990
  Malawi Economic Indicators for Year 1989
  Malawi Economic Indicators for Year 1988
  Malawi Economic Indicators for Year 1987
  Malawi Economic Indicators for Year 1986
  Malawi Economic Indicators for Year 1985
  Malawi Economic Indicators for Year 1984
  Malawi Economic Indicators for Year 1983
  Malawi Economic Indicators for Year 1982
  Malawi Economic Indicators for Year 1981
  Malawi Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International