Malawi: Economy

Economic Trivia

Tobacco accounts for more than half of Malawi's exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): South Africa, China, and India
Top 3 Exported Goods (2015): Tobacco, Sugar & Confectionery, and Coffee & Spices

Top Industries Source: CIA World Factbook

Tobacco; Tea; Sugar; Sawmill Products

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $20,359,121,923 (2015)
GDP Growth Rate (annual %) 2.95% (2015)
GDP Per Capita, PPP (current international) $1,183 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 141/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 21.246% (2015)
External debt stocks, total (DOD, current US$) $1,637,225,000 (2014)
Total tax rate (% of commercial profits) 34.5% (2015)
Real Interest Rate (5 year average %) 19.427% (2015)
Manufacturing, value added (% of GDP) 10.57% (2015)
Current Account Balance (BoP, current US$) ($1,077,847,671) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 7,571,373 (2014)
Employment in Agriculture (% of total employment) 64.1% (2013)
Employment in Industry (% of total employment) 7.4% (2013)
Employment in Services (% of total employment) 28.5% (2013)
Unemployment Rate 7.5% (2014)
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Imports of goods and services (current US$) $2,221,372,932 (2015)
Exports of goods and services (current US$) $1,845,600,794 (2015)
Total Merchandise Trade (% of GDP) 102.089% (2014)
FDI, net inflows (BoP, current US$) $142,500,000 (2015)
Commercial Service Exports (current US$) $94,817,202 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Malawi’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary