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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 716.19 713 706 698 691 612 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 2.70 4 4.15 4.3 4.45 4.75 percent [+]
GDP 5.44 5.2 5.2 5.2 5.2 5 USD Billion [+]
Gross Fixed Capital Formation 175607.92 165471 162075 158680 155285 130278 MWK Million [+]
GDP per capita 481.50 475 474 472 471 456 USD [+]
GDP per capita PPP 1084.00 1070 1067 1064 1060 1026 USD [+]
GDP Constant Prices 1094492.00 1112110 1105753 1099396 1093039 970650 MWK Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 6.60 6.7 6.8 6.8 6.8 7.2 percent [+]
Population 18.09 18.5 19.1 19.1 19.1 20.2 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 8.40 9 9.2 9.4 10.5 12 percent [+]
Consumer Price Index CPI 254.16 249 244 240 237 223 Index Points [+]
Food Inflation 7.40 6.5 6.2 5.9 5.5 4.8 percent [+]
CPI Transportation 214.15 215 215 213 212 192 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 18.00 18 17 17 17 18 percent [+]
Deposit Interest Rate 11.60 14.28 14.49 14.7 14.91 15 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -52012.50 -35679 -33444 -31474 -29820 -22540 MWK Million [+]
Exports 64832.50 42059 37975 34941 32183 20783 MWK Million [+]
Imports 116845.00 107525 104547 101675 98937 79005 MWK Million [+]
Current Account -1425.70 -1412 -1399 -1387 -1375 -1360 USD Million [+]
Current Account to GDP -13.90 -13 -11 -11 -10.12 -14 percent [+]
Capital Flows 1068.23 1169 1173 1177 1180 1100 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 812.59 348 436 525 613 522 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 29.40 32 35 35 35 41 percent [+]
Government Budget -6.10 -8.03 -7.56 -7.1 -6.63 -5.5 percent of GDP [+]
Government Spending 128109.50 124098 122896 121693 120491 109027 MWK Million [+]
Fiscal Expenditure 88045.00 77429 75616 73802 71989 61829 MWK Million [+]
Military Expenditure 39.60 44.74 45.31 45.87 46.44 42.78 USD Million [+]
Government Revenues 88045.00 75730 73973 72215 70457 62395 MWK Million [+]
Government Budget Value 3077.50 10773 9661 8548 7436 8269 MWK Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production 5.81 1.58 1.59 1.59 1.58 1.58 percent [+]
Ease of Doing Business 133.00 126 132 139 145 158 [+]
Car Registrations 2386.00 2047 2047 2047 2047 2047 Cars [+]
Competitiveness Index 3.08 3.15 3.13 3.12 3.12 3.24 Points [+]
Competitiveness Rank 134.00 132 132 131 131 129 [+]
Corruption Index 31.00 30 30 30 30 31 Points [+]
Corruption Rank 120.00 126 125 124 123 114 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Private Sector Credit 405445.00 382520 373246 364227 355940 330967 MWK Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 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 [+]