Markets Actual Q3 Q4 Q1 Q2 2021
Currency 743.93 741 743 746 749 754

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.00 -1.9 -1.9 4.5 4.5 4.5
Unemployment Rate (%) 5.40 5.8 5.8 6.2 6.2 6.2
Inflation Rate (%) 7.60 7.5 8 8.5 9 9
Interest Rate (%) 13.50 13.5 13.5 12.5 12.5 12.5
Balance of Trade (MWK Million) -169215.00 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (%) -15.10 -20 -20 -16 -16 -16
Government Debt to GDP (%) 62.00 75 75 73 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.7 -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 Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.00 -1.9 -1.9 4.5 4.5 4.5
GDP (USD Billion) 7.67 4.7 4.7 6 6 6
Gross Fixed Capital Formation (MWK Million) 201909.40 188216 198073 210995 210995 206986
GDP per capita (USD) 523.60 480 480 532 532 532
GDP per capita PPP (USD) 1059.70 1000 1000 1050 1050 1050
GDP Constant Prices (MWK Million) 1501049.40 1402852 1472529 1568597 1568597 1538793

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.40 5.8 5.8 6.2 6.2 6.2
Population (Million) 18.58 19.47 19.08 19.64 19.64 19.55

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 7.60 7.5 8 8.5 9 9
Consumer Price Index CPI (points) 121.33 123 132 138 130 144
Food Inflation (%) 11.30 10 9.5 9 8.6 9
CPI Transportation (points) 118.99 122 126 127 127 137

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 13.50 13.5 13.5 12.5 12.5 12.5

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (MWK Million) -169215.00 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (%) -15.10 -20 -20 -16 -16 -16

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 62.00 75 75 73 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.7 -6.3 -6.3 -6.3
Government Spending (MWK Million) 147297.00 137307 144498 153925 153925 151001
Fiscal Expenditure (MWK Billion) 133.90 133 175 165 165 185
Military Expenditure (USD Million) 53.50 55 55 55 55 60
Government Revenues (MWK Billion) 78.60 112 140 115 115 138
Government Budget Value (MWK Billion) -55.30 -20 -45 -64 -64 -54

Taxes Actual Q3 Q4 Q1 Q2 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.