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.

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Malawi GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate 5.40 3.80 percent Dec 2022

Malawi GDP Annual Growth Rate
Geographically landlocked, Malawi is one of the least developed countries in the world. Malawi’s economy relies mostly on grants from foreign donors. Agriculture is the most important sector of the economy and accounts for 80 percent of the labour force and 80 percent of exports. Serious deficiencies in the public sector, telecommunications and infrastructures are an obstacle to growth.
Actual Previous Highest Lowest Dates Unit Frequency
5.40 3.80 16.70 -10.00 1994 - 2022 percent Yearly
2017=100, NSA