Markets Actual Q4 Q1 Q2 Q3 2023
Currency 1016.55 1058 1098 1140 1183 1276

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Annual Growth Rate (%) 3.80 1.7 2.6 2.6 2.6 2.6
Unemployment Rate (%) 7.00 7.4 7.1 7.1 7.1 7.1
Inflation Rate (%) 26.70 30 27.5 25 23.2 21.8
Interest Rate (%) 18.00 18 20 16 16 14
Balance of Trade (MWK Million) -31325.10 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (% of GDP) -13.10 -14 -12 -12 -12 -12
Government Debt to GDP (% of GDP) 58.80 50.6 50.6 50.6 50.6 51
Government Budget (% of GDP) -8.30 -7.7 -7.3 -7.3 -7.3 -7.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Annual Growth Rate (%) 3.80 1.7 2.6 2.6 2.6 2.6
GDP (USD Billion) 12.63 13.6 13.6 13.6 13.6 14.5
Gross Fixed Capital Formation (MWK Million) 201909.40 205342 207159 207159 207159 210681
GDP per Capita (USD) 394.18 550 550 550 550 550
GDP per Capita PPP (USD) 1509.50 1140 1140 1140 1140 1140
GDP Constant Prices (MWK Million) 7536528.00 7664649 7732478 7732478 7732478 7863930

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 7.00 7.4 7.1 7.1 7.1 7.1
Population (Million) 19.65 20.02 20.02 20.02 20.02 20.02

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 26.70 30 27.5 25 23.2 21.8
Consumer Price Index CPI (points) 119.20 130 138 137 141 158
Food Inflation (%) 34.50 36 30 25 17 10
CPI Transportation (points) 130.40 130 136 140 140 146

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 18.00 18 20 16 16 14

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (MWK Million) -31325.10 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (% of GDP) -13.10 -14 -12 -12 -12 -12
External Debt (MWK Million) 2812733.55 2250000 2250000 2250000 2250000 2400000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 58.80 50.6 50.6 50.6 50.6 51
Government Budget (% of GDP) -8.30 -7.7 -7.3 -7.3 -7.3 -7.3
Government Spending (MWK Million) 147297.00 149801 151127 151127 151127 153696
Fiscal Expenditure (MWK Billion) 211.10 265 240 240 220 240
Military Expenditure (USD Million) 83.30 60 60 60 60 60
Government Budget Value (MWK Billion) -53.40 -60 -115 -122 -90 -100
Government Revenues (MWK Billion) 157.80 140 125 118 130 140

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5