Markets Actual Q4 Q1 Q2 Q3 2022
Currency 806.70 812 817 822 827 837

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 0.90 3.8 4 4 4 4
Unemployment Rate (%) 6.00 6 5.8 5.8 5.8 5.8
Inflation Rate (%) 8.90 8 7.8 7.6 7.3 7
Interest Rate (%) 12.00 12 12 11 11 11
Balance of Trade (MWK Million) -87675.70 -94350 -94350 -94350 -94350 -94354
Current Account to GDP (% of GDP) -12.10 -14 -11.5 -11.5 -11.5 -11.5
Government Debt to GDP (% of GDP) 50.70 51 50.6 50.6 50.6 50.6
Government Budget (% of GDP) -5.70 -6.3 -7 -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 Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 0.90 3.8 4 4 4 4
GDP (USD Billion) 11.96 12.8 13.6 13.6 13.6 13.6
Gross Fixed Capital Formation (MWK Million) 201909.40 208739 209582 209986 209986 217965
GDP per capita (USD) 526.93 532 532 532 500 550
GDP per capita PPP (USD) 1486.78 1050 1050 1050 1050 1140
GDP Constant Prices (MWK Million) 7084378.60 1642320 7353585 7367754 7367754 7647728

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

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 8.90 8 7.8 7.6 7.3 7
Consumer Price Index CPI (points) 133.95 142 151 140 144 152
Food Inflation (%) 10.90 12 11.6 10.7 9.8 9.8
CPI Transportation (points) 132.43 130 136 140 140 146

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

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

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 50.70 51 50.6 50.6 50.6 50.6
Government Budget (% of GDP) -5.70 -6.3 -7 -7 -7 -7
Government Spending (MWK Million) 147297.00 152279 152894 153189 153189 159010
Fiscal Expenditure (MWK Billion) 186.40 185 185 185 185 200
Military Expenditure (USD Million) 85.80 60 60 60 60 60
Government Budget Value (MWK Billion) -28.40 -54 -54 -54 -54 -60
Government Revenues (MWK Billion) 158.00 138 138 138 138 145

Taxes Actual Q4 Q1 Q2 Q3 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.