Population: 16.36 million in 20131
GDP: $3.71 billion in 20132
GDP per capita: $226 nominal3 ($780 PPP4) in 2013
GDP growth rate: 5.0% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Agriculture, hunting, forestry, fishing | 2,156 | 32.1% |
Other activities | 1,716 | 25.6% |
Wholesale, retail trade, restaurants and hotels | 1,351 | 20.1% |
Manufacturing | 750 | 11.2% |
Transport, storage and communication | 388 | 5.8% |
Construction | 192 | 2.9% |
Mining and utilities | 154 | 2.3% |
Total value added | 6,709 | 100% |
Unemployment rate: 7.6% in 20137
Employment by Industry 20038
Employment sector | Percent of total |
Agriculture | 90% |
Industry and services | 10% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $1 billion (26% of GDP) in 201410
Household Wealth per Adult: $176 in 201410
Gini Coefficient: .439 in 201311
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
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
Top 10 Financial Institutions by Assets 201319
N/A (data not available at Relbanks.com)
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
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