Home
→
Malawi
Malawi
HistorySaid – pattern
Malawi matched the Currency Crisis Pattern pattern in 2016. 20 pattern matches detected historically. View →
HistorySaid – ranking
Malawi ranks 47th globally by GDP ($11.3B in 2024). View →
HistorySaid – inflation
Inflation in Malawi rose from 28.8% (2023) to 32.2% (2024) – a 3.4pp shift. View →
HistorySaid – population
Malawi has a population of 21.7 million as of 2024 (growth: 2.61%). View →
Economy & Growth
GDP $11.3B
GDP per Capita $523
GDP Growth 1.67%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 27.60% | 28.87% | 31.77% | 32.81% Trend | 34.50% Trend | 36.19% Trend | – | – | – |
| GDP | $12.4B | $13.4B | $11.3B | $15.0B IMF WEO Oct 2025 | $17.9B IMF WEO Oct 2025 | $20.9B IMF WEO Oct 2025 | $24.2B IMF WEO Oct 2025 | $27.6B IMF WEO Oct 2025 | $31.3B IMF WEO Oct 2025 |
| GDP Deflator | 17.17% | 29.03% | 24.69% | 34.40% Trend | 40.18% Trend | 45.97% Trend | – | – | – |
| GDP Growth | 0.92% | 1.95% | 1.67% | 2.40% IMF WEO Oct 2025 | 2.74% IMF WEO Oct 2025 | 3.12% IMF WEO Oct 2025 | 3.28% IMF WEO Oct 2025 | 3.39% IMF WEO Oct 2025 | 3.39% IMF WEO Oct 2025 |
| GDP PPP | $36.6B | $38.6B | $40.2B | $42.3B IMF WEO Oct 2025 | $44.2B IMF WEO Oct 2025 | $46.4B IMF WEO Oct 2025 | $48.7B IMF WEO Oct 2025 | $51.2B IMF WEO Oct 2025 | $53.9B IMF WEO Oct 2025 |
| GDP per Capita | $604 | $633 | $523 | $622 IMF WEO Oct 2025 | $721 IMF WEO Oct 2025 | $823 IMF WEO Oct 2025 | $923 IMF WEO Oct 2025 | $1,022 IMF WEO Oct 2025 | $1,130 IMF WEO Oct 2025 |
| GDP per Capita PPP | $1,778 | $1,830 | $1,858 | $1,758 IMF WEO Oct 2025 | $1,787 IMF WEO Oct 2025 | $1,821 IMF WEO Oct 2025 | $1,858 IMF WEO Oct 2025 | $1,900 IMF WEO Oct 2025 | $1,945 IMF WEO Oct 2025 |
| GNI | $12.1B | $13.2B | $11.1B | $12.1B Trend | $12.2B Trend | $12.2B Trend | – | – | – |
| GNI per Capita | $610 | $620 | $570 | $604 Trend | $608 Trend | $612 Trend | – | – | – |
| Gross Savings | -2.52% | -1.13% | – | -7.06% IMF WEO Oct 2025 | -5.31% IMF WEO Oct 2025 | -3.79% IMF WEO Oct 2025 | -3.01% IMF WEO Oct 2025 | -2.67% IMF WEO Oct 2025 | -2.18% IMF WEO Oct 2025 |
| Industry Value Added | 16.91% | 19.29% | 17.07% | 17.21% Trend | 16.89% Trend | 16.58% Trend | – | – | – |
| Services Value Added | 49.24% | 45.12% | 44.21% | 42.66% Trend | 40.97% Trend | 39.28% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 32.18%
Consumer Price Index 1,022.99
PPP Conversion Factor 489.02
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 600.93 | 773.94 | 1,022.99 | 1,094.09 Trend | 1,235.52 Trend | 1,376.94 Trend | – | – | – |
| Inflation Rate | 20.95% | 28.79% | 32.18% | 28.16% IMF WEO Oct 2025 | 24.10% IMF WEO Oct 2025 | 21.68% IMF WEO Oct 2025 | 17.45% IMF WEO Oct 2025 | 15.16% IMF WEO Oct 2025 | 14.56% IMF WEO Oct 2025 |
| PPP Conversion Factor | 322.48 | 401.66 | 489.02 | 507.70 Trend | 556.50 Trend | 605.31 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 21.7M
Population Growth 2.58%
Population Density 223.8
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 31.4 | – | – | 30.6 Trend | 30.2 Trend | – | – |
| Death Rate | 5.4 | – | – | 5.1 Trend | 4.9 Trend | – | – |
| Dependency Ratio | 78.28 | 76.34 | – | 74.20 Trend | 72.13 Trend | 70.07 Trend | – |
| Fertility Rate | 3.65 | – | – | 3.49 Trend | 3.42 Trend | – | – |
| Life Expectancy | 67.4 | – | – | 67.9 Trend | 68.4 Trend | – | – |
| Net Migration | -5,811 | -1,507 | -5,628 | – | -4,829 Trend | -5,049 Trend | -5,269 Trend |
| Population | 21.1M | 21.7M | – | 22.2M Trend | 22.7M Trend | 23.2M Trend | – |
| Population Density | 223.8 | – | – | 234.8 Trend | 240.3 Trend | – | – |
| Population Growth | 2.57% | 2.58% | – | 2.55% Trend | 2.53% Trend | 2.52% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 16.97% | 17.27% | – | 17.48% Trend | 17.72% Trend | 17.96% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 5.07%
Youth Unemployment 6.95%
Labor Force Participation 62.58%
▾
| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 65.30% | 65.24% | 64.98% | 65.02% Trend | 64.95% Trend | 64.88% Trend |
| Female Labor Participation | 58.64% | 58.53% | 58.18% | 58.15% Trend | 58.01% Trend | 57.86% Trend |
| Industry Employment | 7.33% | 7.33% | 7.34% | 7.33% Trend | 7.33% Trend | 7.33% Trend |
| Labor Force Participation | 63.00% | 62.93% | 62.58% | 62.64% Trend | 62.56% Trend | 62.47% Trend |
| Services Employment | 27.37% | 27.43% | 27.68% | 27.65% Trend | 27.72% Trend | 27.80% Trend |
| Unemployment Rate | 5.01% | 5.05% | 5.07% | – | – | – |
| Youth Unemployment | 6.84% | 6.89% | 6.95% | 6.63% Trend | 6.50% Trend | 6.37% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 13.50%
Government Spending 20.17%
Military Spending 1.02%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -9.32% | -7.84% | -10.99% | -10.64% IMF WEO Oct 2025 | -12.81% IMF WEO Oct 2025 | -13.17% IMF WEO Oct 2025 | -11.99% IMF WEO Oct 2025 | -12.10% IMF WEO Oct 2025 | -11.66% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 75.70% | 86.70% | 87.58% | 80.42% IMF WEO Oct 2025 | 78.26% IMF WEO Oct 2025 | 77.49% IMF WEO Oct 2025 | 77.18% IMF WEO Oct 2025 | 78.18% IMF WEO Oct 2025 | 78.77% IMF WEO Oct 2025 |
| Government Revenue | 17.36% | 17.64% | 18.49% | 17.46% IMF WEO Oct 2025 | 17.27% IMF WEO Oct 2025 | 17.40% IMF WEO Oct 2025 | 17.31% IMF WEO Oct 2025 | 16.67% IMF WEO Oct 2025 | 16.49% IMF WEO Oct 2025 |
| Government Spending | 20.17% | – | – | 23.18% Trend | – | – | – | – | – |
| Health Spending | 6.63% | 6.53% | – | 6.78% Trend | 6.77% Trend | – | – | – | – |
| Military Spending | 0.93% | 1.17% | 1.02% | 1.18% Trend | 1.26% Trend | 1.35% Trend | – | – | – |
| Tax Revenue | 13.50% | – | – | 13.41% Trend | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $3.7B
External Debt to GNI 35.25%
Short-term Debt 2.01%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 9.14% | 9.71% | 10.56% | 11.45% Trend | 12.34% Trend | 13.23% Trend |
| Domestic Credit | – | – | – | – | – | – |
| External Debt | $3.3B | $3.6B | $3.7B | $4.0B Trend | $4.2B Trend | $4.4B Trend |
| External Debt to GNI | 27.71% | 29.19% | 35.25% | 35.32% Trend | 37.44% Trend | 39.57% Trend |
| Interest Payments to Revenue | 29.92% | – | – | 36.33% Trend | – | – |
| Short-term Debt | 2.72% | 0.38% | 2.01% | -0.52% Trend | -1.74% Trend | -2.95% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 37.06%
Real Interest Rate 9.92%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 8.65% | 7.75% | – | 8.68% Trend | 8.87% Trend | – |
| Deposit Rate | – | – | – | – | – | – |
| Lending Rate | 25.35% | 33.55% | 37.06% | 39.42% Trend | 42.96% Trend | 46.49% Trend |
| M2 Money Supply Growth | 38.80% | 32.23% | – | 52.06% Trend | 58.68% Trend | – |
| Non-Performing Loans | 5.52% | 5.10% | – | 5.03% Trend | 5.04% Trend | – |
| Real Interest Rate | 6.99% | 3.50% | 9.92% | 2.85% Trend | 0.34% Trend | -2.17% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 1,161.09
Real Effective Exchange Rate 84.16
Foreign Reserves $594.5M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 949.04 | 1,161.09 | – | 1,294.47 Trend | 1,397.53 Trend | – |
| Foreign Reserves | – | – | – | – | – | – |
| Real Effective Exchange Rate | 93.87 | 99.53 | 84.16 | 88.99 Trend | 87.83 Trend | 86.66 Trend |
| Reserves in Months of Imports | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $1.5B
Imports $3.9B
Trade Balance $-2.7B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -18.34% | -15.74% | -18.78% | -18.33% IMF WEO Oct 2025 | -16.38% IMF WEO Oct 2025 | -14.23% IMF WEO Oct 2025 | -12.46% IMF WEO Oct 2025 | -11.02% IMF WEO Oct 2025 | -10.11% IMF WEO Oct 2025 |
| Exports | $1.4B | $1.5B | $1.5B | $1.6B Trend | $1.6B Trend | $1.6B Trend | – | – | – |
| FDI Inflows | 4.39% | 5.69% | 6.02% | 7.56% Trend | 8.74% Trend | 9.92% Trend | – | – | – |
| FDI Outflows | 0.47% | 0.54% | 0.50% | 1.29% Trend | 1.70% Trend | 2.12% Trend | – | – | – |
| Imports | $3.8B | $4.0B | $3.9B | $4.2B Trend | $4.3B Trend | $4.4B Trend | – | – | – |
| Remittances Received | $264.3M | $180.8M | $186.8M | $168.2M Trend | $145.4M Trend | $122.6M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-2.6B | $-2.7B | – | $-3.0B Trend | $-3.2B Trend | – | – | – | – |
| Trade Openness | 43.62% | 42.44% | – | 42.80% Trend | 42.71% Trend | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
Political Stability
Political Stability -0.24
Government Effectiveness -0.86
Regulatory Quality -0.77
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.32 | -0.61 | -0.60 | -0.48 Trend | -0.47 Trend |
| Government Effectiveness | -0.79 | -0.85 | -0.86 | -0.89 Trend | -0.90 Trend |
| Political Stability | -0.11 | -0.16 | -0.24 | -0.16 Trend | -0.15 Trend |
| Regulatory Quality | -0.80 | -0.74 | -0.77 | -0.77 Trend | -0.77 Trend |
| Rule of Law | -0.25 | -0.22 | -0.16 | -0.08 Trend | -0.03 Trend |
| Voice and Accountability | 0.07 | 0.06 | 0.08 | 0.19 Trend | 0.24 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $41
Infant Mortality Rate 29.4
Maternal Mortality Ratio 225.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $46 | $40 | $41 | $44 Trend | $45 Trend |
| Hospital Beds | – | – | – | – | – |
| Infant Mortality Rate | 31.4 | 30.5 | 29.4 | 27.4 Trend | 26.3 Trend |
| Maternal Mortality Ratio | 286.00 | 239.00 | 225.00 | 218.40 Trend | 209.70 Trend |
| Physicians | – | 0.05 | – | 0.10 Trend | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 70.15%
Tertiary Enrollment 2.71%
Education Spending 2.75%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 2.75% | – | – | 2.31% Trend | – | – |
| Literacy Rate | – | – | – | – | – | – |
| Primary Enrollment | 126.59% | 135.97% | 139.02% | 137.24% Trend | 138.65% Trend | 140.06% Trend |
| Tertiary Enrollment | 2.71% | – | – | 3.58% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 62.90%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 14.20% | 14.00% | 15.60% | 17.82% Trend | 18.95% Trend |
| Energy Use per Capita | – | – | – | – | – |
| Forest Area | 23.33% | 22.89% | 22.44% | 21.55% Trend | 21.10% Trend |
| Renewable Energy | 71.10% | 62.90% | – | 59.72% Trend | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 17.99%
Mobile Subscriptions 61.09
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 2.31% | 5.31% | 1.65% | 2.71% Trend | 2.40% Trend | 2.09% Trend |
| Internet Users | 17.05% | 17.99% | – | 22.29% Trend | 24.00% Trend | – |
| Mobile Subscriptions | 59.65 | 61.09 | – | 70.47 Trend | 74.18 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 38.5
Poverty Rate 75.40%
Income Share Top 10% 31.00%
▾
| Indicator | 2010 | 2016 | 2019 |
|---|---|---|---|
| Gini Index | 45.5 | 44.7 | 38.5 |
| Income Share Bottom 10% | 2.20% | 2.60% | 2.90% |
| Income Share Top 10% | 36.90% | 38.10% | 31.00% |
| Poverty Rate | 72.90% | 71.70% | 75.40% |
Italic values are IMF World Economic Outlook projections.