The gross domestic product (GDP) in current prices in Malawi was estimated at about 11.80 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 8.78 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 6.04 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Key information about Malawi Real GDP Growth

• The Gross Domestic Product (GDP) in Malawi expanded 4.0 % YoY in Dec 2018, following a growth of 5.2 % in the previous year.
• Real GDP Growth YoY data in Malawi is updated yearly, available from Dec 2003 to Dec 2018, with an average rate of 5.6 %.
• The data reached an all-time high of 9.5 % in Dec 2010 and a record low of 2.1 % in Dec 2012.

The National Statistics Office of Malawi provides annual Real GDP Growth at 2010 prices.


Related information about Malawi Real GDP Growth

• In the latest reports, Nominal GDP of Malawi reached 10.9 USD bn in Dec 2019.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Dec 2020.
• GDP Per Capita in Malawi reached 628.7 USD in Dec 2021.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in Malawi was reported at 3.2 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. Malawi - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The Gross Domestic Product (GDP) in Malawi was worth 11.01 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Malawi represents 0.01 percent of the world economy. This dataset provides the latest reported value for - Malawi GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Malawi Nominal GDP

• Malawi Nominal GDP reached 10.9 USD bn in Dec 2019, compared with 9.7 USD bn in the previous year.
• Nominal GDP in Malawi is updated yearly, available from Dec 1960 to Dec 2019, with an average number of 2.0 USD bn.
• The data reached an all-time high of 10.9 USD bn in Dec 2019 and a record low of 163.0 USD mn in Dec 1960.

CEIC extends history for annual Nominal GDP. The National Statistical Office of Malawi provides Nominal GDP in USD. Nominal GDP prior to 2017 is based on old methodology. Nominal GDP prior to 2002 is sourced from the World Bank.


Related information about Malawi Nominal GDP

• In the latest reports, Malawi GDP expanded 4.0 % YoY in Dec 2018.
• Its GDP deflator (implicit price deflator) increased 6.3 % in Dec 2021.
• Malawi GDP Per Capita reached 645.2 USD in Dec 2022.

Key information about Malawi GDP Per Capita

• Malawi Gross Domestic Product (GDP) per Capita reached 655.000 USD in Dec 2021, compared with 637.500 USD in Dec 2020.
• Malawi GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2021, with an average number of 173.310 USD.
• The data reached an all-time high of 655.000 USD in Dec 2021 and a record low of 45.002 in Dec 1960.
• CEIC extends history for annual GDP per Capita. The National Statistical Office of Malawi provides GDP per Capita in USD. GDP per Capita prior to 2002 is sourced from the World Bank.

Related information about Malawi GDP Per Capita data

• In the latest reports, Malawi GDP expanded 4.000 % YoY in Dec 2018.
• Malawi Nominal GDP reached 10.863 USD bn in Dec 2019.
• Its GDP deflator (implicit price deflator) increased 6.325 % in Dec 2021.

GDP growth of Malawi decreased by 3.47% from 1.9 % in 2023 to 1.8 % in 2024. Since the 474.38% surge in 2021, GDP growth sank by 59.92% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Malawi MW: Real GDP data was reported at 20.734 USD bn in 2021. This records an increase from the previous number of 20.179 USD bn for 2020. Malawi MW: Real GDP data is updated yearly, averaging 10.000 USD bn from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 20.734 USD bn in 2021 and a record low of 6.214 USD bn in 1994. Malawi MW: Real GDP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Malawi – Table MW.OECD.GGI: Governance: Economic Environment and Growth: Non OECD Member: Annual.

1.8 (%) in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

The Gross Domestic Product per capita in Malawi was last recorded at 552.50 US dollars in 2024. The GDP per Capita in Malawi is equivalent to 4 percent of the world's average. This dataset provides the latest reported value for - Malawi GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

MW: Gross National Income: USD data was reported at 12.349 USD bn in 2023. This records an increase from the previous number of 12.055 USD bn for 2022. MW: Gross National Income: USD data is updated yearly, averaging 4.252 USD bn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 12.349 USD bn in 2023 and a record low of 1.646 USD bn in 1985. MW: Gross National Income: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Malawi – Table MW.World Bank.IDS: Gross Domestic Product: Annual. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.

Key information about Malawi External Debt: % of GDP

• Malawi External Debt accounted for 60.1 % of the country's Nominal GDP in 2021, compared with the ratio of 53.8 % in the previous year.
• Malawi External Debt: % of Nominal GDP data is updated yearly, available from Dec 2006 to Dec 2021.
• The data reached an all-time high of 66.7 % in Dec 2016 and a record low of 15.0 % in Dec 2006.

The Ministry of Finance provides External Debt as % of Nominal GDP. External Debt covers Public sector only.


Related information about Malawi External Debt: % of GDP

• In the latest reports of Malawi, Current Account recorded a deficit of 1.8 USD bn in Dec 2021.
• Foreign Direct Investment (FDI) increased by 46.4 USD mn in Dec 2021.
• Malawi Direct Investment Abroad fell by 122.4 USD mn in Dec 2021.
• Its Foreign Portfolio Investment fell by 146.4 USD mn in Dec 2021.
• The country's External Debt reached 2,812,733.5 in Dec 2021.
• The country's Nominal GDP was reported at 10.9 USD bn in Dec 2019.

Key information about Malawi Foreign Exchange Reserves: % of GDP

• Malawi Foreign Exchange Reserves: % of GDP was reported at 7.753 % in Dec 2019
• This records a decrease from the previous number of 7.790 % for Dec 2018
• Malawi Foreign Exchange Reserves: % of GDP data is updated yearly, averaging 5.720 % from Dec 2002 to 2019, with 18 observations
• The data reached an all-time high of 11.423 % in 2016 and a record low of 2.320 % in 2009
• Malawi Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Annual

CEIC calculates annual Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and annual Nominal GDP. The International Monetary Fund provides Foreign Exchange Reserves in USD. The National Statistical Office of Malawi provides Nominal GDP in USD. Nominal GDP prior to 2017 is based on old methodology.

Key information about Malawi Foreign Direct Investment: % of GDP

• Malawi Foreign Direct Investment (FDI) registered a growth equal to 0.4 % of the country's Nominal GDP in Dec 2021, compared with a growth equal to 0.4 % in the previous year.
• Malawi Foreign Direct Investment: % of Nominal GDP data is updated yearly, available from Dec 1970 to Dec 2021.
• The data reached an all-time high of 10.0 % in Dec 2014 and a record low -0.9 % in Dec 1991.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from annual Foreign Direct Investment and annual Nominal GDP. The National Statistical Office of Malawi provides Foreign Direct Investment and Nominal GDP in local currency. Nominal GDP prior to 2017 is based on old methodology. Foreign Direct Investment as % of Nominal GDP prior to 2012 is sourced from the World Bank.


Related information about Malawi Foreign Direct Investment: % of GDP

• In the latest reports of Malawi, Current Account recorded a deficit of 1.8 USD bn in Dec 2021.
• Foreign Direct Investment (FDI) increased by 46.4 USD mn in Dec 2021.
• Malawi Direct Investment Abroad fell by 122.4 USD mn in Dec 2021.
• Its Foreign Portfolio Investment fell by 146.4 USD mn in Dec 2021.
• The country's Nominal GDP was reported at 10.9 USD bn in Dec 2019.

Key information about Malawi GDP Deflator Growth

• Malawi GDP deflator (implicit price deflator) increased 6.3 % in Dec 2021, compared with an increase of 6.2 % in the previous year.
• Malawi GDP Deflator Growth data is updated yearly, available from Dec 2003 to Dec 2021, with an average rate of 12.1 %.
• The data reached an all-time high of 34.2 % in Dec 2009 and a record low of 6.1 % in Dec 2018.

CEIC calculates GDP Deflator Growth from annual Nominal and Real GDP. The National Statistical Office of Malawi provides Nominal GDP in local currency and Real GDP in local currency, at 2017 prices. GDP Deflator Growth prior to 2018 is calculated from Nominal GDP and Real GPD at 2010 prices. GDP Deflator Growth prior to 2010 is calculated Real GDP at 2009 prices.


Related information about Malawi GDP Deflator Growth

• In the latest reports, Malawi GDP expanded 4.0 % YoY in Dec 2018.
• Its Nominal GDP reached 10.9 USD bn in Dec 2019.
• Malawi GDP Per Capita reached 628.7 USD in Dec 2021.

Key information about Malawi Current Account Balance: % of GDP

• Malawi Current Account deficit accounted for 17.0 % of the country's Nominal GDP in Dec 2023, compared with a 17.8 % deficit in the previous year.
• Malawi Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 1977 to Dec 2023, with an average value of -7.7 %.
• The data reached an all-time high of -0.2 % in Dec 1998 and a record low of -25.1 % in Dec 1979.

CEIC calculates Current Account Balance as % of Nominal GDP from annual Current Account Balance and annual Nominal GDP. The National Statistical Office of Malawi provides Current Account Balance and Nominal GDP in local currency. Nominal GDP prior to 2017 is based on old methodology. Current Account Balance as % of Nominal GDP prior to 2012 is sourced from the World Bank.


Key information about Malawi Current Account Balance: % of GDP

• In the latest reports of Malawi, Current Account recorded a deficit of 2.3 USD bn in Dec 2023.
• Foreign Direct Investment (FDI) increased by 46.4 USD mn in Dec 2021.
• Malawi Direct Investment Abroad fell by 122.4 USD mn in Dec 2021.
• Its Foreign Portfolio Investment fell by 146.4 USD mn in Dec 2021.
• The country's Nominal GDP was reported at 10.9 USD bn in Dec 2019.

Malawi MW: GDP: USD data was reported at 6.303 USD bn in 2017. This records an increase from the previous number of 5.433 USD bn for 2016. Malawi MW: GDP: USD data is updated yearly, averaging 1.309 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 8.003 USD bn in 2011 and a record low of 162.957 USD mn in 1960. Malawi MW: GDP: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Malawi – Table MW.World Bank.WDI: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Key information about Malawi Government Debt: % of GDP

• Malawi Government debt accounted for 66.0 % of the country's Nominal GDP in Jun 2014, compared with the ratio of 38.0 % in the previous year.
• Malawi government debt to GDP ratio data is updated yearly, available from Jun 2010 to Jun 2014.
• The data reached an all-time high of 66.0 % in Jun 2014 and a record low of 33.6 % in Jun 2011.

The Ministry of Finance provides annual Government Debt as % of Nominal GDP. Government Debt covers Central Government only. Government Debt as % of Nominal GDP is in annual frequency, ending in June of each year.


Related information about Malawi Government Debt: % of GDP

• In the latest reports, Malawi National Government Debt reached 2.6 USD bn in Jun 2014.
• The country's Nominal GDP reached 10.9 USD bn in Dec 2019.

Malawi MW: Non Energy Material Productivity:(GDP) Gross Domestic Productper Unit of DMC data was reported at 0.300 USD/kg in 2019. This records an increase from the previous number of 0.290 USD/kg for 2018. Malawi MW: Non Energy Material Productivity:(GDP) Gross Domestic Productper Unit of DMC data is updated yearly, averaging 0.270 USD/kg from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 0.340 USD/kg in 1990 and a record low of 0.220 USD/kg in 2001. Malawi MW: Non Energy Material Productivity:(GDP) Gross Domestic Productper Unit of DMC data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Malawi – Table MW.OECD.GGI: Environmental: Non Energy Material Productivity: Non OECD Member: Annual.

Key information about Malawi Gross Fixed Capital Formation

• Malawi Gross Fixed Capital Formation was reported at 943.616 USD mn in Dec 2019.
• This records an increase from the previous number of 751.573 USD mn for Dec 2018.
• Malawi Gross Fixed Capital Formation data is updated yearly, averaging 292.877 USD mn from Dec 1973 to 2019, with 47 observations.
• The data reached an all-time high of 1.463 USD bn in 2010 and a record low of 90.687 USD mn in 1973.
• Malawi Gross Fixed Capital Formation data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Gross Fixed Capital Formation: USD: Annual: Middle East and Africa.

The World Bank used to provide annual Gross Fixed Capital Formation in USD.