The economy of Malawi advanced by 5.4% year-on-year in 2022, up from 3.8% in the previous year. It marks the fastest expansion since 2019 when the economy grew by 5.6%, mainly driven by the agricultural sector (6.2% vs 5.5% in 2021), boosted by crop and animal production (6.9% vs 6.1%). Significant positive contributions also came from other sectors such as education (7.1% vs 2.2%); transportation & storage (6.9% vs 3.1%), information & communication (6% vs 5.4%); finance & insurance (6.1% vs 4.8%); accommodation & foods services (5.8% vs 1.3%) and manufacturing (5.8% vs 3.7%). source: Reserve Bank of Malawi
GDP Annual Growth Rate in Malawi averaged 4.35 percent from 1994 until 2022, reaching an all time high of 16.70 percent in 1995 and a record low of -10.00 percent in 1994. This page provides - Malawi GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malawi GDP Annual Growth Rate - values, historical data and charts - was last updated on June of 2023.