Malawi Forecast

Markets	Actual	Q4	Q1	Q2	Q3	2023
Currency	1016.55	1058	1098	1140	1183	1276

Overview	Actual	Q4	Q1	Q2	Q3	2023
GDP Annual Growth Rate (%)	3.80	1.7	2.6	2.6	2.6	2.6
Unemployment Rate (%)	7.00	7.4	7.1	7.1	7.1	7.1
Inflation Rate (%)	26.70	30	27.5	25	23.2	21.8
Interest Rate (%)	18.00	18	20	16	16	14
Balance of Trade (MWK Million)	-31325.10	-94149	-94258	-94408	-94408	-94354
Current Account to GDP (% of GDP)	-13.10	-14	-12	-12	-12	-12
Government Debt to GDP (% of GDP)	58.80	50.6	50.6	50.6	50.6	51
Government Budget (% of GDP)	-8.30	-7.7	-7.3	-7.3	-7.3	-7.3
Corporate Tax Rate (%)	30.00	30	30	30	30	30
Personal Income Tax Rate (%)	40.00	40	40	40	40	40

GDP	Actual	Q4	Q1	Q2	Q3	2023
GDP Annual Growth Rate (%)	3.80	1.7	2.6	2.6	2.6	2.6
GDP (USD Billion)	12.63	13.6	13.6	13.6	13.6	14.5
Gross Fixed Capital Formation (MWK Million)	201909.40	205342	207159	207159	207159	210681
GDP per Capita (USD)	394.18	550	550	550	550	550
GDP per Capita PPP (USD)	1509.50	1140	1140	1140	1140	1140
GDP Constant Prices (MWK Million)	7536528.00	7664649	7732478	7732478	7732478	7863930

Labour	Actual	Q4	Q1	Q2	Q3	2023
Unemployment Rate (%)	7.00	7.4	7.1	7.1	7.1	7.1
Population (Million)	19.65	20.02	20.02	20.02	20.02	20.02

Prices	Actual	Q4	Q1	Q2	Q3	2023
Inflation Rate (%)	26.70	30	27.5	25	23.2	21.8
Consumer Price Index CPI (points)	119.20	130	138	137	141	158
Food Inflation (%)	34.50	36	30	25	17	10
CPI Transportation (points)	130.40	130	136	140	140	146

Money	Actual	Q4	Q1	Q2	Q3	2023
Interest Rate (%)	18.00	18	20	16	16	14

Trade	Actual	Q4	Q1	Q2	Q3	2023
Balance of Trade (MWK Million)	-31325.10	-94149	-94258	-94408	-94408	-94354
Current Account to GDP (% of GDP)	-13.10	-14	-12	-12	-12	-12
External Debt (MWK Million)	2812733.55	2250000	2250000	2250000	2250000	2400000

Government	Actual	Q4	Q1	Q2	Q3	2023
Government Debt to GDP (% of GDP)	58.80	50.6	50.6	50.6	50.6	51
Government Budget (% of GDP)	-8.30	-7.7	-7.3	-7.3	-7.3	-7.3
Government Spending (MWK Million)	147297.00	149801	151127	151127	151127	153696
Fiscal Expenditure (MWK Billion)	211.10	265	240	240	220	240
Military Expenditure (USD Million)	83.30	60	60	60	60	60
Government Budget Value (MWK Billion)	-53.40	-60	-115	-122	-90	-100
Government Revenues (MWK Billion)	157.80	140	125	118	130	140

Taxes	Actual	Q4	Q1	Q2	Q3	2023
Corporate Tax Rate (%)	30.00	30	30	30	30	30
Personal Income Tax Rate (%)	40.00	40	40	40	40	40
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 Thursday, December 1, 2022.