The economy of Malawi advanced 5 percent year-on-year in 2019 from 4 percent in the previous year, mainly driven by the all-important agricultural sector (3.9 percent vs 0.9 percent in 2018). Other positive contributions to growth came from manufacturing (4.6 percent vs 3.6 percent); mining (3.6 percent vs 2.1 percent); utilities (5.1 percent vs 4.3 percent); construction (5.1 percent vs 4.5 percent); wholesale & retail trade (4.5 percent vs 4.1 percent); transportation & storage (5.5 percent vs 4.9 percent); information & communication (7 percent vs 6.7 percent); real estate activities (4.3 percent vs 3.8 percent); finance & insurance (5.5 percent vs 6.9 percent) and public administration (6.3 percent vs 7 percent). source: Reserve Bank of Malawi

GDP Annual Growth Rate in Malawi averaged 4.42 percent from 1994 until 2019, reaching an all time high of 16.70 percent in 1995 and a record low of -10 percent in 1994. This page provides - Malawi GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malawi GDP Annual Growth Rate - values, historical data and charts - was last updated on April of 2021.

GDP Annual Growth Rate in Malawi is expected to reach 3.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malawi GDP Annual Growth Rate is projected to trend around 6.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Malawi GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.00 16.70 -10.00 1994 - 2019 percent Yearly

Malawi GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.00 4.00 16.70 -10.00 percent [+]
GDP 7.67 6.92 8.00 0.16 USD Billion [+]
Gross Fixed Capital Formation 201909.40 191861.00 254394.35 58388.53 MWK Million [+]
GDP per capita 523.60 515.10 523.60 237.10 USD [+]
GDP per capita PPP 1059.70 1042.50 1059.70 642.80 USD [+]
GDP Constant Prices 7084378.60 6701006.90 7084378.60 636429.74 MWK Million [+]
Gdp From Agriculture 1590375.50 1501799.00 1590375.50 241651.21 MWK Million [+]
Gdp From Construction 230378.00 213651.20 230378.00 18640.17 MWK Million [+]
Gdp From Manufacturing 847814.40 787569.30 847814.40 41021.06 MWK Million [+]
Gdp From Mining 52748.40 49095.70 52748.40 1691.31 MWK Million [+]
Gdp From Public Administration 32607.50 30664.50 36144.40 15399.63 MWK Million [+]
Gdp From Services 237378.50 227810.90 237378.50 81565.70 MWK Million [+]
Gdp From Transport 338419.10 311044.00 338419.10 14697.32 MWK Million [+]
Gdp From Utilities 18123.50 17116.70 18123.50 11829.95 MWK Million [+]


Malawi GDP Annual Growth Rate
Geographically landlocked, Malawi is one of the least developed countries in the world. Malawi’s economy relies mostly on grants from foreign donors. Agriculture is the most important sector of the economy and accounts for 80 percent of the labour force and 80 percent of exports. Serious deficiencies in the public sector, telecommunications and infrastructures are an obstacle to growth.