Labor force | 8.072 million (2022 est.) |
---|---|
Industrial production growth rate | 0.89% (2022 est.) |
Industries | tobacco, tea, sugar, sawmill products, cement, consumer goods |
Population below poverty line | 50.7% (2019 est.) |
Taxes and other revenues | 11.38% (of GDP) (2021 est.) |
Fiscal year | |
Exchange rates | |
Currency | Malawian kwachas (MWK) per US dollar - |
Exchange rates 2020 | 749.527 (2020 est.) |
Exchange rates 2019 | 745.541 (2019 est.) |
Exchange rates 2018 | 732.333 (2018 est.) |
Exchange rates 2017 | 730.273 (2017 est.) |
Exchange rates 2016 | 718.005 (2016 est.) |
Debt - external | |
Debt - external 31 December 2017 | $2.102 billion (31 December 2017 est.) |
Debt - external 31 December 2016 | $1.5 billion (31 December 2016 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2020 | $594.498 million (2020 est.) |
Reserves of foreign exchange and gold 2019 | $846.84 million (2019 est.) |
Reserves of foreign exchange and gold 2018 | $766.155 million (2018 est.) |
Current account balance | |
Current account balance 2021 | -$1.543 billion (2021 est.) |
Current account balance 2020 | -$1.466 billion (2020 est.) |
Current account balance 2019 | -$1.321 billion (2019 est.) |
Public debt | |
Public debt 2019 | 44.89% of GDP (2019 est.) |
Public debt 2018 | 41.7% of GDP (2018 est.) |
Public debt 2017 | 34.29% of GDP (2017 est.) |
Budget | |
Revenues | $1.628 billion (2019 est.) |
Expenditures | $2.129 billion (2019 est.) |
Budget surplus (+) or deficit (-) | -3.4% (of GDP) (2017 est.) |
Remittances | |
Remittances 2022 | 1.97% of GDP (2022 est.) |
Remittances 2021 | 2.05% of GDP (2021 est.) |
Remittances 2020 | 1.92% of GDP (2020 est.) |
Household income | |
Lowest 10% | 2.9% |
Highest 10% | 31% (2019 est.) |
Imports | |
Imports 2021 | $3.582 billion (2021 est.) |
Imports 2020 | $3.208 billion (2020 est.) |
Imports 2019 | $3.266 billion (2019 est.) |
Imports (partners) | South Africa 20%, China 15%, UAE 11%, India 6%, Kuwait 5% (2022) |
Comodities Imports force | refined petroleum, fertilizers, crude petroleum, packaged medicine, plastic products (2022) |
Exports | |
Imports 2021 | $3.582 billion (2021 est.) |
Imports 2020 | $3.208 billion (2020 est.) |
Imports 2019 | $3.266 billion (2019 est.) |
Exports (partners) | UAE 21%, Belgium 12%, Tanzania 6%, Kenya 5%, South Africa 5% (2022) |
Comodities Exports force | tobacco, gold, tea, ground nuts, dried legumes (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2022 | $29.932 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $29.658 billion (2021 est.) |
Real GDP (purchasing power parity) 2020 | $28.864 billion (2020 est.) |
GDP (official exchange rate) | $13.165 billion (2022 est.) |
Real GDP Per capita | |
Real GDP per capita 2022 | $1,500 (2022 est.) |
Real GDP per capita 2021 | $1,500 (2021 est.) |
Real GDP per capita 2020 | $1,500 (2020 est.) |
GDP - composition, by sector of origin | |
Agriculture | 28.6% (2017 est.) |
Industry | 15.4% (2017 est.) |
Services | 56% (2017 est.) |
GDP - composition, by end use | |
Household consumption | 84.3% (2017 est.) |
Government consumption | 16.3% (2017 est.) |
Investment in fixed capital | 15.3% (2017 est.) |
Investment in inventories | 0% (2017 est.) |
Exports of goods and services | 27.9% (2017 est.) |
Imports of goods and services | -43.8% (2017 est.) |
Unemployment rate | |
Unemployment rate 2022 | 5.11% (2022 est.) |
Unemployment rate 2021 | 5.76% (2021 est.) |
Unemployment rate 2020 | 5.74% (2020 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 9.9% (2021 est.) |
Male | 7.6% |
Female | 12.2% |
Want to know more about Malawi? Check all different factbooks for Malawi below.