Markets Actual Q2 Q3 Q4 Q1 2021
Currency 729.74 732 735 738 740 746

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.00 1.9 1.9 1.9 4.5 4.5
Unemployment Rate (%) 5.40 5.9 5.9 5.9 6.5 6.5
Inflation Rate (%) 9.40 9 9.6 9.3 8.4 7.6
Interest Rate (%) 13.50 13.5 13.5 13.5 13.5 13.5
Balance of Trade (MWK Million) -91901.00 -94149 -94258 -94278 -94408 -94354
Current Account to GDP (%) -15.10 -20 -20 -20 -16 -16
Government Debt to GDP (%) 62.00 75 75 75 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.7 -6.7 -5.3 -5.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.00 1.9 1.9 1.9 4.5 4.5
GDP (USD Billion) 7.00 7.87 7.3 7.3 7.5 7.5
Gross Fixed Capital Formation (MWK Million) 191861.00 195506 195506 195506 200495 204304
GDP per capita (USD) 516.80 520 520 520 532 532
GDP per capita PPP (USD) 1163.30 1240 1240 1240 1215 1380
GDP Constant Prices (MWK Million) 1501049.40 1457193 1457193 1529569 1568597 1598400

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 5.40 5.9 5.9 5.9 6.5 6.5
Population (Million) 18.58 19.47 19.47 19.08 19.64 19.55

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 9.40 9 9.6 9.3 8.4 7.6
Consumer Price Index CPI (points) 121.58 120 126 134 138 144
Food Inflation (%) 14.60 16 15 14 12 10
CPI Transportation (points) 116.14 121 124 128 127 137

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

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (MWK Million) -91901.00 -94149 -94258 -94278 -94408 -94354
Current Account to GDP (%) -15.10 -20 -20 -20 -16 -16

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 62.00 75 75 75 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.7 -6.7 -5.3 -5.3
Government Spending (MWK Million) 139966.40 142626 142626 142626 146265 149044
Fiscal Expenditure (MWK Billion) 154.50 110 133 175 165 185
Military Expenditure (USD Million) 53.50 55 55 55 55 60
Government Revenues (MWK Billion) 119.60 130 112 140 115 138
Government Budget Value (MWK Billion) -34.80 35 -20 -45 -64 -54

Taxes Actual Q2 Q3 Q4 Q1 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.