Markets Actual Q3 Q4 Q1 Q2 2023
Currency 1015.50 1055 1096 1138 1181 1273

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 3.80 2.1 2.1 4.3 4.3 4.3
Unemployment Rate (%) 7.00 7.4 7.4 7.1 7.1 7.1
Inflation Rate (%) 19.10 17 12 10 8 8
Interest Rate (%) 14.00 14 14 14 13.5 13.5
Balance of Trade (MWK Million) -133612.50 -94149 -94258 -94408 -94278 -94354
Current Account to GDP (% of GDP) -13.10 -14 -14 -12 -12 -12
Government Debt to GDP (% of GDP) 50.70 50.6 50.6 50.6 50.6 51
Government Budget (% of GDP) -8.30 -7.7 -7.7 -7.3 -7.3 -7.3
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 2023
GDP Annual Growth Rate (%) 3.80 2.1 2.1 4.3 4.3 4.3
GDP (USD Billion) 11.96 13.6 13.6 13.6 13.6 14.5
Gross Fixed Capital Formation (MWK Million) 201909.40 206149 206149 206149 210592 215014
GDP per capita (USD) 395.13 500 550 550 550 550
GDP per capita PPP (USD) 1486.78 1050 1140 1140 1140 1140
GDP Constant Prices (MWK Million) 7536528.00 7411683 7411683 7694795 7860599 8025671

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 7.00 7.4 7.4 7.1 7.1 7.1
Population (Million) 19.13 19.55 20.02 20.02 20.02 20.02

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 19.10 17 12 10 8 8
Consumer Price Index CPI (points) 105.60 157 112 119 114 121
Food Inflation (%) 19.50 20 17 14 12 10
CPI Transportation (points) 110.20 130 136 140 140 146

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 14.00 14 14 14 13.5 13.5

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (MWK Million) -133612.50 -94149 -94258 -94408 -94278 -94354
Current Account to GDP (% of GDP) -13.10 -14 -14 -12 -12 -12
External Debt (MWK Million) 2021553.18 2250000 2250000 2250000 2250000 2400000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 50.70 50.6 50.6 50.6 50.6 51
Government Budget (% of GDP) -8.30 -7.7 -7.7 -7.3 -7.3 -7.3
Government Spending (MWK Million) 147297.00 150390 150390 150390 153631 156857
Fiscal Expenditure (MWK Billion) 267.80 280 265 240 190 240
Military Expenditure (USD Million) 85.80 60 60 60 60 60
Government Budget Value (MWK Billion) -127.00 -145 -125 -115 -72 -100
Government Revenues (MWK Billion) 140.70 135 140 125 118 140

Taxes Actual Q3 Q4 Q1 Q2 2023
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


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Malawi Forecast - was last updated on Tuesday, July 5, 2022.