Malawi Current Account Balance: % of GDP

1977 - 2021 | Yearly | % | CEIC Data

Key information about Malawi Current Account Balance: % of GDP

  • Malawi Current Account deficit accounted for 14.2 % of the country's Nominal GDP in Dec 2021, compared with a 12.5 % deficit in the previous year.
  • Malawi Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 1977 to Dec 2021, with an average value of -7.5 %.
  • The data reached an all-time high of -0.2 % in Dec 1998 and a record low of -25.1 % in Dec 1979.

CEIC calculates Current Account Balance as % of Nominal GDP from annual Current Account Balance and annual Nominal GDP. The National Statistical Office of Malawi provides Current Account Balance and Nominal GDP in local currency. Nominal GDP prior to 2017 is based on old methodology. Current Account Balance as % of Nominal GDP prior to 2012 is sourced from the World Bank.


Key information about Malawi Current Account Balance: % of GDP

  • In the latest reports of Malawi, Current Account recorded a deficit of 1.8 USD bn in Dec 2021.
  • Foreign Direct Investment (FDI) increased by 46.4 USD mn in Dec 2021.
  • Malawi Direct Investment Abroad fell by 122.4 USD mn in Dec 2021.
  • Its Foreign Portfolio Investment fell by 146.4 USD mn in Dec 2021.
  • The country's Nominal GDP was reported at 10.9 USD bn in Dec 2019.

View Malawi's Current Account Balance: % of GDP from 1977 to 2021 in the chart:

Malawi Current Account Balance: % of GDP

What was Malawi's Current Account Balance: % of GDP in 2021?

Malawi Current Account deficit accounted for 14.2 % of the country's Nominal GDP in Dec 2021, compared with a 12.5 % deficit in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-14.2 2021 -12.5 2020 -25.1 1979 -0.2 1998 % yearly 1977 - 2021

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (%) -0.4 Mar 2024 quarterly Mar 2007 - Mar 2024
Argentina (%) 2.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Armenia (%) -2.9 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) -2.1 Sep 2024 quarterly Sep 1959 - Sep 2024
Austria (%) 0.6 Jun 2024 quarterly Mar 1970 - Jun 2024
Azerbaijan (%) 4.9 Jun 2024 quarterly Mar 2013 - Jun 2024
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) 0.9 2024 yearly 1998 - 2024
Belarus (%) 2.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Belgium (%) -1.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Bolivia (%) 0.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) -3.9 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) -5.0 Jun 2024 quarterly Mar 2004 - Jun 2024
Brazil (%) -3.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) 4.7 Sep 2024 quarterly Sep 1999 - Sep 2024
Cambodia (%) -5.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Canada (%) -0.4 Sep 2024 quarterly Mar 1957 - Sep 2024
Chile (%) -3.9 Sep 2024 quarterly Mar 1996 - Sep 2024
China (%) 3.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (%) -1.6 Sep 2024 quarterly Mar 1996 - Sep 2024
Croatia (%) -5.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) -0.6 Jun 2024 quarterly Mar 2008 - Jun 2024
Czech Republic (%) -0.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Denmark (%) 15.6 Sep 2024 quarterly Mar 1990 - Sep 2024
Ecuador (%) 7.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.8 Jun 2024 quarterly Mar 1999 - Jun 2024
Finland (%) -2.9 Jun 2024 quarterly Mar 1990 - Jun 2024
France (%) -0.7 Sep 2024 quarterly Mar 1997 - Sep 2024
Georgia (%) -7.3 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 5.2 Sep 2024 quarterly Mar 1991 - Sep 2024
Ghana (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Greece (%) 1.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Hong Kong SAR, China (%) 13.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Hungary (%) 3.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Iceland (%) 3.8 Sep 2024 quarterly Mar 1995 - Sep 2024
India (%) -1.1 Jun 2024 quarterly Jun 2004 - Jun 2024
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) 16.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Israel (%) 3.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 1.4 Sep 2024 quarterly Mar 1980 - Sep 2024
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -7.0 Jun 2024 quarterly Mar 1992 - Jun 2024
Kazakhstan (%) -2.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.5 Jun 2024 quarterly Mar 2009 - Jun 2024
South Korea (USD mn) 7,614.6 Oct 2024 monthly Jan 1980 - Oct 2024
Kosovo (%) 9.2 Sep 2024 quarterly Mar 2010 - Sep 2024
Kuwait (%) 27.9 Mar 2024 quarterly Mar 2012 - Mar 2024
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 2.7 2023 yearly 1984 - 2023
Latvia (%) -4.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Lebanon (%) -2.8 2021 yearly 2002 - 2021
Lithuania (%) 3.8 Sep 2024 quarterly Mar 1993 - Sep 2024
Luxembourg (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Macau SAR, China (%) 37.0 2023 yearly 2002 - 2023
North Macedonia (%) -3.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Malta (%) 7.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Mauritius (%) -6.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Mexico (%) 0.2 Sep 2024 quarterly Mar 1993 - Sep 2024
Moldova (%) -16.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Mongolia (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Montenegro (%) -23.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) -3.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Mozambique (%) -11.6 2023 yearly 1980 - 2023
Nepal (%) 3.9 2024 yearly 2001 - 2024
Netherlands (%) 8.4 Jun 2024 quarterly Mar 1987 - Jun 2024
New Zealand (%) -6.9 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (%) 18.1 Sep 2024 quarterly Mar 1981 - Sep 2024
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.5 2024 yearly 1977 - 2024
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Paraguay (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Peru (%) 2.5 Sep 2024 quarterly Mar 1990 - Sep 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Portugal (%) 4.7 Sep 2024 quarterly Mar 1996 - Sep 2024
Qatar (%) 13.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -9.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Russia (%) 3.4 Jun 2024 quarterly Mar 1994 - Jun 2024
Saudi Arabia (%) 1.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Serbia (%) -10.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Singapore (%) 18.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Slovakia (%) -1.3 Jun 2024 quarterly Mar 1997 - Jun 2024
Slovenia (%) 6.6 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) -1.0 Sep 2024 quarterly Mar 1960 - Sep 2024
Spain (%) 3.9 Sep 2024 quarterly Mar 1980 - Sep 2024
Sri Lanka (%) 1.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 6.1 Sep 2024 quarterly Mar 1980 - Sep 2024
Switzerland (%) 9.6 Jun 2024 quarterly Mar 1983 - Jun 2024

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Malawi Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Consolidated Fiscal Balance (USD mn) -108.094 Aug 2024 monthly Oct 2005 - Aug 2024
Tax Revenue (USD mn) 1,677.860 2022 yearly 2009 - 2022
Tax Revenue: % of GDP (%) 12.8 2022 yearly 2009 - 2022
National Government Debt (USD mn) 2,620.0 2014 yearly 2010 - 2014
Government Debt: % of GDP (%) 66.0 2014 yearly 2010 - 2014
Forecast: Government Expenditure (MWK bn) 8,041.529 2029 yearly 2002 - 2029
Forecast: Government Net Debt (MWK bn) 23,726.151 2029 yearly 2002 - 2029
Forecast: Government Revenue (MWK bn) 7,547.370 2029 yearly 2002 - 2029
Central Government: Revenue and Grants (MWK bn) 329.700 Aug 2024 monthly Oct 2005 - Aug 2024
Central Government: Net Financing (MWK bn) 109.900 Jul 2024 monthly Oct 2005 - Jul 2024
Central Government: Expenditure (MWK bn) 518.900 Aug 2024 monthly Oct 2005 - Aug 2024
Central Government: Revenue and Grants: Revenue (MWK bn) 223.300 Aug 2024 monthly Oct 2005 - Aug 2024
Central Government: Deficit or Surplus (MWK bn) -189.200 Aug 2024 monthly Oct 2005 - Aug 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.545 2028 yearly 1980 - 2028
Trade Balance (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Total Exports (USD mn) 41.1 Mar 2024 monthly Jan 1994 - Mar 2024
Total Exports Growth (%) 21.8 Mar 2024 monthly Jan 1995 - Mar 2024
Aluminum: Exports (USD th) 632.702 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 17.600 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 61.064 2023 yearly 1995 - 2023
Total Imports (USD mn) 235.7 Mar 2024 monthly Jan 1994 - Mar 2024
Total Imports Growth (%) 66.9 Mar 2024 monthly Jan 1995 - Mar 2024
Imports: Medicament (USD th) 95,047.621 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 95,349.643 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 0.809 Aug 2024 monthly Dec 1984 - Aug 2024
Total Imports from USA (USD mn) 2.943 Aug 2024 monthly Jul 1987 - Aug 2024
Total Exports to China (USD mn) 0.093 Aug 2024 monthly Jan 2008 - Aug 2024
Total Imports from China (USD mn) 38.396 Aug 2024 monthly Feb 1999 - Aug 2024
Foreign Trade: Imports (MWK mn) 404,130.300 Mar 2024 monthly Jan 1994 - Mar 2024
Foreign Trade: Re-Exports (MWK mn) 480.500 Mar 2024 monthly Jan 1994 - Mar 2024
Foreign Trade: Exports (MWK mn) 70,428.100 Mar 2024 monthly Jan 1994 - Mar 2024
Foreign Trade Balance (MWK mn) -333,702.200 Mar 2024 monthly Jan 1994 - Mar 2024
Export Volume Index (2015=100) 89.753 2021 yearly 1980 - 2021
Export Value Index (2015=100) 93.195 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 122.732 2021 yearly 1980 - 2021
Import Value Index (2015=100) 140.916 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -122.4 2021 yearly 2003 - 2021
Current Account Balance (USD mn) -1,752.1 2021 yearly 1977 - 2021
Current Account Balance: % of GDP (%) -14.2 2021 yearly 1977 - 2021
Foreign Direct Investment (USD mn) 46.4 2021 yearly 1970 - 2021
Foreign Direct Investment: % of GDP (%) 0.4 2021 yearly 1970 - 2021
Foreign Portfolio Investment (USD mn) -146.374 2021 yearly 2003 - 2021
Foreign Portfolio Investment: % of GDP (%) -1.2 2021 yearly 2003 - 2021
Foreign Portfolio Investment: Equity Securities (USD mn) -0.0 2021 yearly 2003 - 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 2.597 2023 yearly 2003 - 2023
External Debt (MWK mn) 2,812,733.5 2021 yearly 1984 - 2021
External Debt: % of GDP (%) 60.1 2021 yearly 2006 - 2021
External Debt: Short Term (USD mn) 90.7 2022 yearly 1970 - 2022
External Debt: Short Term: % of GDP (%) 0.6 2019 yearly 2002 - 2019
Forecast: Current Account Balance (USD bn) -1.425 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -6,956.681 2022 yearly 2002 - 2022
BoP: Current and Capital Account (MWK mn) -99,300.000 2012 yearly 2003 - 2012
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 8.3 Jun 2024 quarterly Dec 2003 - Jun 2024
Household Debt: % of GDP (%) 0.3 2011 yearly 2006 - 2011
Non-Performing Loans (USD mn) 48.423 Dec 2023 quarterly Jun 2015 - Dec 2023
Money Supply M1 (USD mn) 1,005.072 Apr 2021 monthly Jan 1975 - Apr 2021
Money Supply M2 (USD mn) 2,740.293 Aug 2024 monthly Jan 1975 - Aug 2024
M2 Growth (%) 36.0 Jun 2023 monthly Jan 1976 - Jun 2023
Reserve Requirement Ratio (%) 10.0 Oct 2024 monthly Jan 2019 - Oct 2024
Foreign Exchange Reserves (USD mn) 413.8 Oct 2021 monthly Jun 1965 - Oct 2021
Foreign Exchange Reserves: % of GDP (%) 7.753 2019 yearly 2002 - 2019
Foreign Exchange Reserves: Months of Import (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Gold Reserves (USD mn) 22.783 Nov 2015 monthly Jan 1972 - Nov 2015
Total Deposits (USD mn) 234.254 Aug 2024 monthly Feb 2005 - Aug 2024
Total Deposits Growth (%) 66.5 Aug 2024 monthly Feb 2006 - Aug 2024
Domestic Credit (USD mn) 3,880.8 Aug 2024 monthly Jan 1975 - Aug 2024
Domestic Credit Growth (%) 53.0 Aug 2024 monthly Jan 1976 - Aug 2024
Household Debt (USD mn) 17.7 Dec 2011 monthly Jan 2006 - Dec 2011
Private Debt: % of Nominal GDP (%) 8.35 2022 yearly 2017 - 2022
Monetary Aggregates: M1 (MWK bn) 796.100 Apr 2021 monthly Jan 1975 - Apr 2021
Monetary Aggregates: M2 (MWK bn) 4,751.700 Aug 2024 monthly Jan 1975 - Aug 2024
Monetary Aggregates: Quasi Money (MWK bn) 848.900 Apr 2021 monthly Jan 1975 - Apr 2021
Monetary Survey: Official Foreign Reserves (MWK mn) 400,770.800 Dec 2022 monthly Jan 1975 - Dec 2022
Monetary Survey: Net Domestic Assets: Domestic Credit (MWK bn) 6,729.300 Aug 2024 monthly Jan 1975 - Aug 2024
Bank Deposits (MWK bn) 406.200 Aug 2024 monthly Feb 2005 - Aug 2024

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