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.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 720.21
721 723 725 728 737
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 5.10
percent
4 4.7 4.65 4.7 4.8
GDP 6.30
USD Billion
6.4 7 7 7 7.3
Gross Fixed Capital Formation 175607.92
MWK Million
182632 183861 183774 191216 200394
GDP per capita 486.45
USD
486 481 481 487 488
GDP per capita PPP 1095.04
USD
1094 1083 1083 1097 1099
GDP Constant Prices 1381652.11
MWK Million
1436918 1446590 1445899 1423097 1576667
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.90
percent
5.8 5.7 5.7 5.7 5.5
Population 18.62
Million
19.1 19.27 19.39 19.52 20.2
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 9.50
percent
9.5 10 12 10.5 12
Consumer Price Index CPI 105.08
Index Points
110 116 113 116 137
Food Inflation 10.20
percent
5.6 5.3 6.45 5.89 4.8
Cpi Housing Utilities 105.97
Index Points
106 106 106 106 106
CPI Transportation 107.16
Index Points
235 113 117 118 295
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 16.00
percent
15 15 15 14 15
Deposit Interest Rate 9.95
percent
8.95 8.95 8.95 7.95 8.95
Money Supply M1 565214.90
MWK Million
555822 556647 557048 557098 557118
Money Supply M2 1140730.94
MWK Million
1194983 1229265 1266079 1302195 1622994
Foreign Exchange Reserves 646.90
MWK Billions
639 638 637 637 637
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -101999.00
MWK Million
-94717 -94601 -94149 -94258 -94350
Exports 71285.00
MWK Million
79710 80133 80585 80475 80384
Imports 173284.00
MWK Million
174736 174734 174733 174733 174733
Current Account -1115.30
USD Million
-963 -1006 -1049 -1092 -1100
Current Account to GDP -10.50
percent
-11 -10 -10 -10 -14
Capital Flows 755.52
USD Million
447 445 444 442 348
Gold Reserves 0.40
Tonnes
0.4 0.4 0.4 0.4 0.4
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 458.90
USD Million
349 344 339 335 366
External Debt 1486661.76
MWK Million
1644487 1679276 1714065 1748853 2004587
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 54.70
percent
35 38 38 38 41
Government Budget -5.60
percent of GDP
-5.6 -5.6 -5.6 -5.6 -5.6
Government Spending 128109.50
MWK Million
133234 134131 134067 139496 146192
Fiscal Expenditure 105009.00
MWK Million
81810 78663 75516 72368 58681
Military Expenditure 43.50
USD Million
37.61 36.23 34.84 33.46 38.14
Government Budget Value -21283.60
MWK Million
-679 -2708 -679 1350 8886
Government Revenues 83725.40
MWK Million
77074 75955 74837 73718 67567
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 38.57
percent
4.33 4.42 4.45 4.45 4.45
Internet Speed 1308.79
KBps
959 942 926 912 862
IP Addresses 15425.00
IP
18240 18650 19061 19482 23156
Ease of Doing Business 111.00
118 120 121 122 139
Competitiveness Index 42.44
Points
42.94 42.94 42.94 42.94 45.44
Competitiveness Rank 129.00
129 129 129 129 129
Corruption Index 31.00
Points
31 31 31 31 31
Corruption Rank 122.00
122 122 122 122 122
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Private Sector Credit 405445.00
MWK Million
402256 402176 402119 402079 401986
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 16.50
percent
16.5 16.5 16.5 16.5 16.5
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 206.07
mm
93.77 216 85.06 84.96 91.05
Temperature 25.56
celsius
23.84 22.84 22.12 22.13 21.98



Malawi - Economic Forecasts - 2018-2020 Outlook