The economy of Malawi advanced 5 percent year-on-year in 2019 from 4 percent in the previous year, mainly driven by the all-important agricultural sector (3.9 percent vs 0.9 percent in 2018). Other positive contributions to growth came from manufacturing (4.6 percent vs 3.6 percent); mining (3.6 percent vs 2.1 percent); utilities (5.1 percent vs 4.3 percent); construction (5.1 percent vs 4.5 percent); wholesale & retail trade (4.5 percent vs 4.1 percent); transportation & storage (5.5 percent vs 4.9 percent); information & communication (7 percent vs 6.7 percent); real estate activities (4.3 percent vs 3.8 percent); finance & insurance (5.5 percent vs 6.9 percent) and public administration (6.3 percent vs 7 percent). source: Reserve Bank of Malawi
GDP Annual Growth Rate in Malawi averaged 4.42 percent from 1994 until 2019, reaching an all time high of 16.70 percent in 1995 and a record low of -10 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 May of 2021.
GDP Annual Growth Rate in Malawi is expected to reach 3.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malawi GDP Annual Growth Rate is projected to trend around 6.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.