Malawi - Economic Forecasts - 2018-2020 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 713.45
725 732 740 747 777
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 5.60
percent
4 4 4 5.6 4.75
GDP 5.44
USD Billion
5.65 5.42 5.2 4.9 4.8
Gross Fixed Capital Formation 175607.92
MWK Million
182632 182632 192860 185442 213334
GDP per capita 481.50
USD
484 481 481 481 481
GDP per capita PPP 1084.00
USD
1090 1087 1083 1083 1083
GDP Constant Prices 1306936.81
MWK Million
1359214 1359214 1435330 1380125 1587705
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.74
percent
6.8 6.8 6.8 6.87 7.2
Population 18.09
Million
19.1 19.1 19.1 18.76 20.2
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 9.90
percent
11 10.5 9.5 10 12
Consumer Price Index CPI 105.78
Index Points
273 279 306 116 384
Food Inflation 10.60
percent
5.9 5.5 5.6 5.3 4.8
CPI Transportation 102.58
Index Points
233 235 235 113 295
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 16.00
percent
16 15 15 15 15
Deposit Interest Rate 11.60
percent
11.6 10.6 10.6 10.6 10.6
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -52012.50
MWK Million
-61949 -62009 -62322 -62315 -62239
Exports 64832.50
MWK Million
61003 60938 60570 60633 60708
Imports 116845.00
MWK Million
122952 122946 122948 122948 122948
Current Account -1022.00
USD Million
-1062 -1015 -968 -914 -879
Current Account to GDP -13.90
percent
-11 -11 -11 -10 -14
Capital Flows 638.97
USD Million
973 868 762 723 556
Gold Reserves 0.40
Tonnes
0.4 0.4 0.4 0.4 0.4
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 458.90
USD Million
459 459 459 459 459
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 54.70
percent
35 35 35 38 41
Government Budget -5.60
percent of GDP
-7.17 -8.87 -10.56 -9.58 -7.9
Government Spending 128109.50
MWK Million
133234 133234 140695 135284 155631
Fiscal Expenditure 55337.00
MWK Million
52529 51623 50717 50038 44920
Military Expenditure 43.50
USD Million
45.34 46.4 47.47 48.09 42.99
Government Revenues 88045.00
MWK Million
73635 74682 75730 73973 61087
Government Budget Value 19631.00
MWK Million
21106 23060 21646 23935 16167
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 38.57
percent
-0.33 -0.33 -0.33 -0.33 -0.33
Internet Speed 1308.79
KBps
1017 985 959 942 862
IP Addresses 15425.00
IP
15093 14995 14876 14789 13776
Ease of Doing Business 110.00
110 110 110 110 110
Competitiveness Index 3.11
Points
3.11 3.11 3.11 3.14 3.34
Competitiveness Rank 132.00
133 133 133 133 133
Corruption Index 31.00
Points
31 31 31 31 31
Corruption Rank 122.00
122 122 122 122 122
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Private Sector Credit 405445.00
MWK Million
402530 402369 402256 402176 401986
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 16.50
percent
16.5 16.5 16.5 17 17
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 206.07
mm
42.78 4.3 93.77 216 91.05
Temperature 25.56
celsius
19.92 19.42 23.84 22.84 21.98