Markets Actual Q1 Q2 Q3 Q4 2023
Currency 804.46 813 818 823 828 838

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 0.90 3 3 3 3 4.4
Unemployment Rate (%) 6.00 5.8 5.8 5.8 5.8 5.7
Inflation Rate (%) 11.50 10 8.5 7.3 7 7.3
Interest Rate (%) 12.00 13.5 13.5 13.5 13.5 13.5
Balance of Trade (MWK Million) -133612.50 -94350 -94258 -94408 -94408 -94354
Current Account to GDP (% of GDP) -12.70 -11.5 -11.5 -11.5 -11.5 -10
Government Debt to GDP (% of GDP) 50.70 50.6 50.6 50.6 50.6 51
Government Budget (% of GDP) -5.70 -7 -7 -7 -7 -6.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 0.90 3 3 3 3 4.4
GDP (USD Billion) 11.96 13.6 13.6 13.6 13.6 14.5
Gross Fixed Capital Formation (MWK Million) 201909.40 207967 207967 207967 207967 217117
GDP per capita (USD) 395.13 532 532 500 550 550
GDP per capita PPP (USD) 1486.78 1050 1050 1050 1140 1140
GDP Constant Prices (MWK Million) 7259239.00 7477016 7477016 7477016 7477016 7806005

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 6.00 5.8 5.8 5.8 5.8 5.7
Population (Million) 19.13 19.55 19.55 19.55 20.02 20.02

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 11.50 10 8.5 7.3 7 7.3
Consumer Price Index CPI (points) 147.14 154 141 144 157 169
Food Inflation (%) 13.60 12 10.7 9.8 9.5 9.5
CPI Transportation (points) 138.99 130 136 140 140 146

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 12.00 13.5 13.5 13.5 13.5 13.5

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (MWK Million) -133612.50 -94350 -94258 -94408 -94408 -94354
Current Account to GDP (% of GDP) -12.70 -11.5 -11.5 -11.5 -11.5 -10
External Debt (MWK Million) 2021553.18 2250000 2250000 2250000 2250000 2400000

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 50.70 50.6 50.6 50.6 50.6 51
Government Budget (% of GDP) -5.70 -7 -7 -7 -7 -6.5
Government Spending (MWK Million) 147297.00 151716 151716 151716 151716 158391
Fiscal Expenditure (MWK Billion) 186.40 185 185 185 200 200
Military Expenditure (USD Million) 85.80 60 60 60 60 60
Government Budget Value (MWK Billion) -28.40 -54 -54 -54 -60 -60
Government Revenues (MWK Billion) 112.50 138 138 138 145 145

Taxes Actual Q1 Q2 Q3 Q4 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 Thursday, January 27, 2022.