Markets Actual Q4 Q1 Q2 Q3 2021
Currency 743.30 753 756 759 762 767

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 5.00 1.2 4.5 4.5 4.5 4.5
Unemployment Rate (%) 5.40 5.8 6.2 6.2 6.2 6.2
Inflation Rate (%) 7.50 8.6 8.5 8.3 8.4 8.3
Interest Rate (%) 12.00 13.5 12.5 12.5 12.5 12.5
Balance of Trade (MWK Million) -104084.50 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (%) -15.10 -20 -16 -16 -16 -16
Government Debt to GDP (%) 62.00 75 73 73 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.3 -6.3 -6.3 -6.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 5.00 1.2 4.5 4.5 4.5 4.5
GDP (USD Billion) 7.67 4.7 6 6 6 6
Gross Fixed Capital Formation (MWK Million) 201909.40 204332 210995 210995 210995 213527
GDP per capita (USD) 523.60 480 532 532 532 532
GDP per capita PPP (USD) 1059.70 1000 1050 1050 1050 1050
GDP Constant Prices (MWK Million) 1501049.40 1519062 1568597 1568597 1568597 1587420

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 5.40 5.8 6.2 6.2 6.2 6.2
Population (Million) 18.58 19.08 19.64 19.64 19.64 19.55

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 7.50 8.6 8.5 8.3 8.4 8.3
Consumer Price Index CPI (points) 126.06 133 138 129 133 144
Food Inflation (%) 10.90 9.5 9 8.6 8.3 8
CPI Transportation (points) 121.71 127 127 126 131 137

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 12.00 13.5 12.5 12.5 12.5 12.5

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (MWK Million) -104084.50 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (%) -15.10 -20 -16 -16 -16 -16

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 62.00 75 73 73 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.3 -6.3 -6.3 -6.3
Government Spending (MWK Million) 147297.00 149065 153925 153925 153925 155772
Fiscal Expenditure (MWK Billion) 109.80 175 165 165 165 185
Military Expenditure (USD Million) 53.50 55 55 55 55 60
Government Revenues (MWK Billion) 103.30 140 115 115 115 138
Government Budget Value (MWK Billion) -6.50 -45 -64 -64 -64 -54

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5


This page has economic forecasts for Malawi including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Malawi economy.