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Malawi – External Debt

Name: Malawi External Debt
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Total external debt stocks in current US dollars. Sum of public, publicly guaranteed, and private nonguaranteed long-term debt plus short-term debt and IMF credit. · World Bank

$3.7B +$139.5M from 2023 G20 rank: 32nd · all-time high: $3.7B (2024)

APA

Malawi External Debt. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/malawi/external-debt

BibTeX

@misc{historysaid_malawi_external-debt,
  title = {Malawi External Debt},
  url = {https://historysaid.com/malawi/external-debt},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2027* trend	$4.4B	–	–
2026* trend	$4.2B	–	–
2025* trend	$4.0B	–	–
2024	$3.7B	+$139.5M	32nd
2023	$3.6B	+$264.1M	33rd
2022	$3.3B	+$142.9M	31st
2021	$3.2B	+$235.4M	27th
2020	$3.0B	+$534.3M	29th
2019	$2.4B	+$161.7M	28th
2018	$2.3B	+$103.3M	27th
2017	$2.2B	+$314.3M	28th
2016	$1.8B	+$125.6M	28th
2015	$1.7B	+$61.7M	27th
2014	$1.7B	+$97.9M	26th
2013	$1.6B	+$231.3M	26th
2012	$1.3B	+$118.1M	26th
2011	$1.2B	+$192.8M	27th
2010	$1.0B	−$123.7M	22nd
2009	$1.1B	+$149.7M	25th
2008	$994.8M	+$125.8M	25th
2007	$868.9M	−$1.6M	24th
2006	$870.6M	−$2.3B	24th
2005	$3.2B	−$247.6M	53rd
2004	$3.4B	+$332.4M	54th
2003	$3.1B	+$210.3M	51st
2002	$2.9B	+$309.2M	51st
2001	$2.6B	−$124.5M	51st
2000	$2.7B	−$40.9M	52nd
1999	$2.8B	+$318.2M	54th
1998	$2.4B	+$213.3M	48th
1997	$2.2B	−$86.1M	47th
1996	$2.3B	+$72.9M	48th
1995	$2.2B	+$217.7M	49th
1994	$2.0B	+$194.8M	47th
1993	$1.8B	+$117.3M	49th
1992	$1.7B	+$44.0M	44th
1991	$1.7B	+$106.7M	35th
1990	$1.6B	+$148.1M	33rd
1989	$1.4B	+$51.0M	35th
1988	$1.4B	−$7.7M	37th
1987	$1.4B	+$209.5M	37th
1986	$1.2B	+$136.5M	37th
1985	$1.0B	+$140.9M	37th
1984	$880.0M	−$12.5M	36th
1983	$892.4M	+$27.6M	34th
1982	$864.8M	+$43.3M	35th
1981	$821.5M	−$8.6M	38th
1980	$830.1M	+$161.1M	34th
1979	$669.0M	+$74.3M	35th
1978	$594.7M	+$134.2M	35th
1977	$460.5M	+$151.2M	32nd
1976	$309.3M	+$39.2M	32nd
1975	$270.1M	+$27.7M	32nd
1974	$242.4M	+$27.4M	33rd
1973	$215.0M	+$39.4M	36th
1972	$175.7M	+$23.5M	35th
1971	$152.2M	+$17.0M	32nd
1970	$135.2M	–	33rd

Show all years (1970–2024)

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Currency Crisis Pattern

Rapid currency depreciation (>30% YoY) combined with reserve drawdown and inflation surge. Often precedes emergency rate hikes.

Inflation 21.7% Reserves YoY -10.4% FX YoY +43.7%

This pattern occurred 111 times in G20 history, 31 successful

Argentina 2023

Inflation

133.5%

Reserves YoY

-48.5%

FX YoY

+126.8%

Ghana 2023

Inflation

38.1%

Reserves YoY

-30.4%

FX YoY

+33.2%

Lebanon 2023

Inflation

221.3%

Reserves YoY

-15.4%

FX YoY

+820.4%

Sierra Leone 2023

Inflation

47.6%

Reserves YoY

-20.6%

FX YoY

+51.7%

Ghana 2022

Inflation

31.3%

Reserves YoY

-47.5%

FX YoY

+42.5%

24 mo later

22.8%

Lao PDR 2022

Inflation

23.0%

Reserves YoY

-19.2%

FX YoY

+44.7%

24 mo later

23.1%

HistorySaid – pattern alert

Malawi matched the Currency Crisis Pattern pattern in 2016. Historically, 28% of countries showing this pattern (31 out of 111) saw external debt improve within 24 months. View full analysis →