Malawi Economic Statistics and Indicators

05, Aug 2021, EDT. 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.
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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 %.