Markets Actual Q3 Q4 Q1 Q2 2022
Currency 801.60 806 810 814 819 827

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 0.90 3 3 3.5 3.5 3.5
Unemployment Rate (%) 6.00 6 6 5.8 5.8 5.8
Inflation Rate (%) 9.10 10 8 7.6 7 8.1
Interest Rate (%) 12.00 12 12 11 11 11
Balance of Trade (MWK Million) -87675.70 -94149 -94350 -94350 -94350 -94354
Current Account to GDP (% of GDP) -12.10 -14 -14 -11.5 -11.5 -11.5
Government Debt to GDP (% of GDP) 50.70 52 52 50 50 50
Government Budget (% of GDP) -5.70 -6.3 -6.3 -7 -7 -7
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 2022
GDP Annual Growth Rate (%) 0.90 3 3 3.5 3.5 3.5
GDP (USD Billion) 11.96 12.8 12.8 13.6 13.6 13.6
Gross Fixed Capital Formation (MWK Million) 201909.40 207967 208739 207967 208976 215246
GDP per capita (USD) 526.93 532 532 532 532 550
GDP per capita PPP (USD) 1486.78 1050 1050 1050 1050 1140
GDP Constant Prices (MWK Million) 7084378.60 7296910 1642320 7296910 7332332 7552302

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 6.00 6 6 5.8 5.8 5.8
Population (Million) 19.13 19.64 19.55 19.55 19.55 20.02

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 9.10 10 8 7.6 7 8.1
Consumer Price Index CPI (points) 130.45 135 142 150 140 154
Food Inflation (%) 11.00 10 12 11.6 10.7 10
CPI Transportation (points) 130.21 133 136 140 139 147

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

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (MWK Million) -87675.70 -94149 -94350 -94350 -94350 -94354
Current Account to GDP (% of GDP) -12.10 -14 -14 -11.5 -11.5 -11.5
External Debt (MWK Million) 2021553.18 2150000 2150000 2250000 2250000 2250000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 50.70 52 52 50 50 50
Government Budget (% of GDP) -5.70 -6.3 -6.3 -7 -7 -7
Government Spending (MWK Million) 147297.00 151716 152279 151716 152452 157026
Fiscal Expenditure (MWK Billion) 130.40 165 185 185 185 200
Military Expenditure (USD Million) 85.80 55 60 60 60 60
Government Budget Value (MWK Billion) -19.10 -64 -54 -54 -54 -60
Government Revenues (MWK Billion) 149.50 115 138 138 138 145

Taxes Actual Q3 Q4 Q1 Q2 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.