Markets Actual Q3 Q4 Q1 Q2 2021
Currency 737.64 740 743 746 748 754

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.00 1.9 1.9 3.6 3.6 3.6
Unemployment Rate (%) 5.40 5.9 5.9 6.5 6.5 6.5
Inflation Rate (%) 8.50 9.2 9.8 9.5 9.3 9
Interest Rate (%) 13.50 13.5 13.5 12.5 12.5 12.5
Balance of Trade (MWK Million) -91901.00 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (%) -15.10 -20 -20 -16 -16 -16
Government Debt to GDP (%) 62.00 75 75 73 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.7 -5.3 -5.3 -5.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.00 1.9 1.9 3.6 3.6 3.6
GDP (USD Billion) 7.67 4.7 4.7 6 6 6
Gross Fixed Capital Formation (MWK Million) 191861.00 195506 195506 198768 198768 202545
GDP per capita (USD) 523.60 480 480 532 532 532
GDP per capita PPP (USD) 1059.70 1000 1000 1050 1050 1050
GDP Constant Prices (MWK Million) 1501049.40 1457193 1529569 1555087 1555087 1584634

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.40 5.9 5.9 6.5 6.5 6.5
Population (Million) 18.58 19.47 19.08 19.64 19.64 19.55

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 8.50 9.2 9.8 9.5 9.3 9
Consumer Price Index CPI (points) 119.40 125 135 139 130 147
Food Inflation (%) 13.40 13.5 14 12 11 10
CPI Transportation (points) 116.12 123 128 128 127 140

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 13.50 13.5 13.5 12.5 12.5 12.5

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (MWK Million) -91901.00 -94149 -94258 -94408 -94408 -94354
Current Account to GDP (%) -15.10 -20 -20 -16 -16 -16

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 62.00 75 75 73 73 73
Government Budget (% of GDP) 4.00 -6.7 -6.7 -5.3 -5.3 -5.3
Government Spending (MWK Million) 139966.40 142626 142626 145005 145005 147760
Fiscal Expenditure (MWK Billion) 133.90 133 175 165 165 185
Military Expenditure (USD Million) 53.50 55 55 55 55 60
Government Revenues (MWK Billion) 78.60 112 140 115 115 138
Government Budget Value (MWK Billion) -55.30 -20 -45 -64 -64 -54

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5


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.