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ECON FACTBOOK

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Economy of Malawi

Population: 16.36 million in 20131

GDP: $3.71 billion in 20132

GDP per capita: $226 nominal3 ($780 PPP4) in 2013

GDP growth rate: 5.0% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing2,15632.1%
Other activities1,71625.6%
Wholesale, retail trade, restaurants and hotels1,35120.1%
Manufacturing75011.2%
Transport, storage and communication3885.8%
Construction1922.9%
Mining and utilities1542.3%
Total value added6,709100%

Employment

Unemployment rate: 7.6% in 20137

Employment by Industry 20038

Employment sectorPercent of total
Agriculture90%
Industry and services10%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $1 billion (26% of GDP) in 201410

Household Wealth per Adult: $176 in 201410

Gini Coefficient: .439 in 201311

Government

Central Government

Central Government Revenue: $1.35 billion (36% of GDP) in 201312

Central Government Expenditure: $1.40 billion (37% of GDP) in 201312

Central Government Budget Balance: -$0.05 billion (-1% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 13

Corporate Tax Rate: 30% in 201414

* Individual thresholds calculated using the exchange rate 455 MWK = 1 USD

Monetary Policy

Money Supply (M1): $435 million (11% of GDP) in 2013* 15

Benchmark Interest Rate: N/A

Total Reserves: $428 million (11% of GDP) in 201316

Exchange Rate: 455 Malawian Kwacha = 1 U.S. Dollar on Feb 21, 201517

Inflation: 27.3% in 201318

* Money supply calculated using the exchange rate 455 MWK = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201319

N/A (data not available at Relbanks.com)

International Accounts

Exports: $1.43 billion (38% of GDP) in 201320

Imports: $2.42 billin (64% of GDP) in 201320

Trade Balance: -$0.99 billion (-26% of GDP) in 201320

Foreign Direct Investment Inflow: $118 million (3% of GDP) in 201321

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.17 billion (31% of GDP) in 201222

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: KPMG Fiscal Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: World Bank Indicators (Money supply) Go back
16. Source: World Bank Indicators (Total reserves) Go back
17. Source: xe.com (Exchange rate) Go back
18. Source: World Bank Indicators (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: World Bank Indicators (FDI data) Go back
22. Source: World Bank Indicators (Aid data) Go back