Malawi | Economic Forecasts | 2017-2020 Outlook

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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 717.51 723 730 751 744 859 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 2.90 3.9 4 4.5 4.28 4.75 percent [+]
GDP 6.40 6.38 6.51 6.63 6.62 6.42 USD Billion [+]
Gross Fixed Capital Formation 175607.92 173527 174507 175487 175078 172549 MWK Million [+]
GDP per capita 493.66 498 498 498 497 496 USD [+]
GDP per capita PPP 1111.65 1121 1121 1120 1119 1123 USD [+]
GDP Constant Prices 1094492.00 1124080 1135243 1146406 1160156 1378495 MWK Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 6.60 6.44 6.41 6.38 6.09 3.78 percent [+]
Population 17.22 17.49 17.62 17.75 17.75 19.77 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 14.60 21 20.3 18.9 13.35 17.7 percent [+]
Consumer Price Index CPI 259.71 257 254 251 249 239 Index Points [+]
Food Inflation 14.70 25.4 25.9 12.93 12.97 25.1 percent [+]
Cpi Transportation 210.22 211 213 213 214 215 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 22.00 22 22 20 20 18 percent [+]
Deposit Interest Rate 11.60 11.01 11.96 12.9 12.72 12.64 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -52012.50 -52723 -60954 -54622 -59516 -57251 MWK Million [+]
Exports 64832.50 61770 62512 60131 60054 60705 MWK Million [+]
Imports 116845.00 123257 122839 122986 122935 122948 MWK Million [+]
Current Account -1425.70 -1255 -1246 -1237 -1267 -1299 USD Million [+]
Current Account to GDP -17.80 -13.82 -15.47 -17.12 -17.25 -14.55 percent [+]
Capital Flows 1068.23 1039 1067 1095 1093 1089 USD Million [+]
Gold Reserves 0.40 0.4 0.4 0.4 0.4 0.4 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Foreign Direct Investment 812.59 285 380 348 436 522 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 29.40 20.3 35.95 34.78 35.86 49.9 percent [+]
Government Budget -4.90 -4.54 -4.87 -5.2 -5.17 -5.11 percent of GDP [+]
Government Spending 128109.50 131082 131936 132790 133960 146831 MWK Million [+]
Fiscal Expenditure 77626.50 48704 50802 52901 51457 45388 MWK Million [+]
Military Expenditure 41.20 46.35 43.91 41.47 41.44 41.39 USD Million [+]
Government Revenues 80704.00 48479 45880 43281 46196 52088 MWK Million [+]
Government Budget Value 3077.50 10888 11115 11342 10586 9168 MWK Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production -10.50 -7.47 -14.16 -14.16 -14.16 -14.16 percent [+]
Ease of Doing Business 133.00 136 133 129 130 132 [+]
Car Registrations 2386.00 2253 2253 2253 2253 2253 Cars [+]
Competitiveness Index 3.08 3.14 3.14 3.14 3.09 3.18 Points [+]
Competitiveness Rank 134.00 132 132 132 123 122 [+]
Corruption Index 31.00 31 31 30 30 29 Points [+]
Corruption Rank 120.00 121 126 130 130 131 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Private Sector Credit 410750.00 329193 335202 339868 342089 339716 MWK Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 16.50 16.5 16.5 16.5 16.5 16.5 percent [+]