The economy of Malawi advanced by 3.8% year-on-year in 2021, from 0.9% in the previous year, which was the softest pace of growth since 2001. The expansion was mainly driven by the agricultural sector (5.5% vs 4.2% in 2020), boosted by crop and animal production (6.1% vs 5.1%). Positive contributions to growth also came from information & communication (5.4% vs 6.1%); financial and insurance activities (4.8% vs 4.6%), real estate (3.8% vs 3%) and manufacturing (3.7% vs 4.7%). Additionally, output rebounded for some activities including transportation and storage (3.1% vs -7.1%); wholesale and retail trade (2% vs -1.3%); accommodation & food services (1.3% vs -21.4%). source: Reserve Bank of Malawi
GDP Annual Growth Rate in Malawi averaged 4.30 percent from 1994 until 2020, reaching an all time high of 16.70 percent in 1995 and a record low of -10 percent in 1994. This page provides - Malawi GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malawi GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2022.
GDP Annual Growth Rate in Malawi is expected to reach 2.10 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malawi GDP Annual Growth Rate is projected to trend around 4.30 percent in 2023 and 4.20 percent in 2024, according to our econometric models.