Markets Actual Q1 Q2 Q3 Q4 2022
Currency 767.41 775 778 781 784 789

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 5.00 3 3 3 3 5
Unemployment Rate (%) 6.00 6.2 6.2 6.2 6.2 6.4
Inflation Rate (%) 7.70 7.5 7.6 7.8 8 8.1
Interest Rate (%) 12.00 12 12 11 11 11
Balance of Trade (MWK Million) -100359.60 -94149 -94258 -94408 -94350 -94354
Current Account to GDP (%) -15.10 -16 -16 -16 -16 -12
Government Debt to GDP (%) 62.00 73 73 73 73 72
Government Budget (% of GDP) 4.00 -6.3 -6.3 -6.3 -6.3 -4.7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 5.00 3 3 3 3 5
GDP (USD Billion) 7.67 6 6 6 6 7.5
Gross Fixed Capital Formation (MWK Million) 201909.40 202919 207967 207967 208739 209007
GDP per capita (USD) 523.60 532 532 532 532 550
GDP per capita PPP (USD) 1059.70 1050 1050 1050 1050 1140
GDP Constant Prices (MWK Million) 7084378.60 1508555 1546081 1546081 1642320 1553811

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.00 6.2 6.2 6.2 6.2 6.4
Population (Million) 18.60 19.64 19.64 19.64 19.55 20.02

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 7.70 7.5 7.6 7.8 8 8.1
Consumer Price Index CPI (points) 135.99 136 128 133 142 154
Food Inflation (%) 9.70 9 8.6 8.3 8 8
CPI Transportation (points) 127.72 126 125 131 136 147

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 12.00 12 12 11 11 11

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (MWK Million) -100359.60 -94149 -94258 -94408 -94350 -94354
Current Account to GDP (%) -15.10 -16 -16 -16 -16 -12

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 62.00 73 73 73 73 72
Government Budget (% of GDP) 4.00 -6.3 -6.3 -6.3 -6.3 -4.7
Government Spending (MWK Million) 147297.00 148033 151716 151716 152279 152474
Fiscal Expenditure (MWK Billion) 109.80 165 165 165 185 200
Military Expenditure (USD Million) 53.50 55 55 55 60 60
Government Revenues (MWK Billion) 149.70 115 115 115 138 145
Government Budget Value (MWK Billion) -6.50 -64 -64 -64 -54 -60

Taxes Actual Q1 Q2 Q3 Q4 2022
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.