Malawi Nominal GDP Growth

2003 - 2023 | Yearly | % | CEIC Data

Key information about Malawi Nominal GDP Growth

  • Malawi Nominal GDP Growth was reported at 31.544 % in Dec 2023.
  • This records an increase from the previous number of 18.246 % for Dec 2022.
  • Malawi Nominal GDP Growth data is updated yearly, averaging 18.654 % from Dec 2003 to 2023, with 21 observations.
  • The data reached an all-time high of 45.425 % in 2009 and a record low of 7.061 % in 2020.
  • Malawi Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Annual.

CEIC calculates annual Nominal GDP Growth from annual Nominal GDP. The National Statistical Office of Malawi provides Nominal GDP in local currency. Nominal GDP Growth prior to 2018 is calculated from Nominal GDP based on old methodology.

View Malawi's Nominal GDP Growth from 2003 to 2023 in the chart:

Malawi Nominal GDP Growth

What was Malawi's Nominal GDP Growth in 2023?

Malawi Nominal GDP Growth was reported at 31.544 % in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
31.544 2023 18.246 2022 7.061 2020 45.425 2009 % yearly 2003 - 2023

Nominal GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 6.526 Sep 2024 quarterly Mar 2009 - Sep 2024
Algeria (%) 3.990 Sep 2024 quarterly Mar 2000 - Sep 2024
Argentina (%) 208.098 Sep 2024 quarterly Mar 1994 - Sep 2024
Armenia (%) 6.354 Sep 2024 quarterly Dec 1995 - Sep 2024
Australia (%) 3.547 Sep 2024 quarterly Sep 1960 - Sep 2024
Austria (%) 1.603 Sep 2024 quarterly Mar 1996 - Sep 2024
Azerbaijan (%) 5.817 Sep 2024 quarterly Mar 2002 - Sep 2024
Bahrain (%) -0.880 Sep 2024 quarterly Mar 2008 - Sep 2024
Bangladesh (%) 12.407 2024 yearly 2007 - 2024
Belarus (%) 13.274 Sep 2024 quarterly Mar 1995 - Sep 2024
Belgium (%) 3.387 Sep 2024 quarterly Mar 1981 - Sep 2024
Bolivia (%) 5.208 Jun 2024 quarterly Mar 1991 - Jun 2024
Bosnia and Herzegovina (%) 1.927 Sep 2024 quarterly Mar 2009 - Sep 2024
Botswana (%) 0.082 Sep 2024 quarterly Sep 1994 - Sep 2024
Brazil (%) 9.788 Dec 2024 quarterly Mar 1991 - Dec 2024
Brunei (%) 1.005 Sep 2024 quarterly Mar 2005 - Sep 2024
Bulgaria (%) 10.494 Sep 2024 quarterly Mar 1996 - Sep 2024
Cambodia (%) 8.798 2022 yearly 1994 - 2022
Canada (%) 4.311 Sep 2024 quarterly Mar 1958 - Sep 2024
Chile (%) 9.139 Sep 2024 quarterly Mar 1991 - Sep 2024
China (%) 4.619 Dec 2024 quarterly Mar 1993 - Dec 2024
Colombia (%) 8.580 Sep 2024 quarterly Mar 2001 - Sep 2024
Croatia (%) 8.670 Sep 2024 quarterly Mar 1996 - Sep 2024
Cyprus (%) 5.691 Sep 2024 quarterly Mar 1996 - Sep 2024
Czech Republic (%) 5.386 Sep 2024 quarterly Mar 1996 - Sep 2024
Denmark (%) 7.466 Sep 2024 quarterly Mar 1991 - Sep 2024
Ecuador (%) 2.842 Sep 2024 quarterly Mar 1992 - Sep 2024
Egypt (%) 37.605 Sep 2024 quarterly Sep 2002 - Sep 2024
Estonia (%) 3.955 Sep 2024 quarterly Mar 1996 - Sep 2024
European Union (%) 4.304 Sep 2024 quarterly Mar 1996 - Sep 2024
Finland (%) 1.977 Sep 2024 quarterly Mar 1991 - Sep 2024
France (%) 2.257 Dec 2024 quarterly Mar 1950 - Dec 2024
Georgia (%) 15.756 Sep 2024 quarterly Mar 1997 - Sep 2024
Germany (%) 2.271 Dec 2024 quarterly Mar 1961 - Dec 2024
Ghana (%) 30.729 Sep 2024 quarterly Mar 2007 - Sep 2024
Greece (%) 5.660 Sep 2024 quarterly Mar 1996 - Sep 2024
Hong Kong SAR, China (%) 6.069 Sep 2024 quarterly Mar 1974 - Sep 2024
Hungary (%) 6.245 Sep 2024 quarterly Mar 1996 - Sep 2024
Iceland (%) 4.332 Jun 2024 quarterly Mar 1996 - Jun 2024
India (%) 8.043 Sep 2024 quarterly Jun 1997 - Sep 2024
Indonesia (%) 7.020 Dec 2024 quarterly Mar 1994 - Dec 2024
Iran (%) 35.070 Mar 2024 quarterly Jun 1989 - Mar 2024
Ireland (%) -1.208 Jun 2024 quarterly Mar 1996 - Jun 2024
Israel (%) 4.934 Sep 2024 quarterly Mar 1996 - Sep 2024
Italy (%) 4.543 Sep 2024 quarterly Mar 1981 - Sep 2024
Ivory Coast (%) 681.695 Mar 2023 quarterly Mar 1998 - Mar 2023
Japan (%) 2.883 Sep 2024 quarterly Mar 1981 - Sep 2024
Jordan (%) 4.600 Sep 2024 quarterly Mar 1993 - Sep 2024
Kazakhstan (%) 15.632 Dec 2023 quarterly Mar 1995 - Dec 2023
Kenya (%) 8.271 Sep 2024 quarterly Mar 2010 - Sep 2024
South Korea (%) 4.972 Sep 2024 quarterly Mar 1961 - Sep 2024
Kosovo (%) 6.248 Sep 2024 quarterly Mar 2011 - Sep 2024
Kuwait (%) 3.246 Jun 2024 quarterly Mar 2011 - Jun 2024
Kyrgyzstan (%) 11.819 Sep 2024 quarterly Mar 2001 - Sep 2024
Laos (%) 23.128 2023 yearly 1985 - 2023
Latvia (%) 3.064 Sep 2024 quarterly Mar 1996 - Sep 2024
Lebanon (%) 19.333 2020 yearly 1998 - 2020
Lithuania (%) 6.194 Sep 2024 quarterly Mar 1996 - Sep 2024
Luxembourg (%) 4.729 Sep 2024 quarterly Mar 1996 - Sep 2024
Macau SAR, China (%) 6.202 Sep 2024 quarterly Mar 1999 - Sep 2024
North Macedonia (%) 6.209 Sep 2024 quarterly Mar 2001 - Sep 2024
Malawi (%) 31.544 2023 yearly 2003 - 2023
Malaysia (%) 5.933 Sep 2024 quarterly Mar 1992 - Sep 2024
Malta (%) 7.995 Sep 2024 quarterly Mar 1996 - Sep 2024
Mauritius (%) 9.785 Sep 2024 quarterly Mar 2000 - Sep 2024
Mexico (%) 6.870 Sep 2024 quarterly Mar 1994 - Sep 2024
Moldova (%) 12.440 Sep 2024 quarterly Mar 1996 - Sep 2024
Mongolia (%) 14.383 Sep 2024 quarterly Mar 2001 - Sep 2024
Montenegro (%) 7.679 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 5.964 Sep 2024 quarterly Mar 2008 - Sep 2024
Mozambique (%) 11.026 2023 yearly 1964 - 2023
Nepal (%) 6.662 2024 yearly 2002 - 2024
Netherlands (%) 5.983 Sep 2024 quarterly Mar 1989 - Sep 2024
New Zealand (%) 1.644 Sep 2024 quarterly Jun 1988 - Sep 2024
Nigeria (%) 17.265 Sep 2024 quarterly Mar 2011 - Sep 2024
Norway (%) 3.498 Sep 2024 quarterly Mar 1979 - Sep 2024
Oman (%) 3.409 Sep 2024 quarterly Mar 2006 - Sep 2024
Pakistan (%) 25.810 2024 yearly 2001 - 2024
Palestinian Territory (%) -26.929 Sep 2024 quarterly Mar 2001 - Sep 2024
Panama (%) 2.051 Sep 2024 quarterly Mar 2008 - Sep 2024
Paraguay (%) 6.257 Sep 2024 quarterly Mar 1995 - Sep 2024
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 7.442 Dec 2024 quarterly Mar 1982 - Dec 2024
Poland (%) 5.845 Jun 2024 quarterly Mar 1996 - Jun 2024
Portugal (%) 10.841 Dec 2022 quarterly Mar 1996 - Dec 2022
Qatar (%) 1.759 Sep 2024 quarterly Mar 2012 - Sep 2024
Romania (%) 10.246 Sep 2024 quarterly Mar 1996 - Sep 2024
Russia (%) 19.527 Mar 2024 quarterly Mar 1994 - Mar 2024
Saudi Arabia (%) 1.031 Sep 2024 quarterly Mar 2004 - Sep 2024
Serbia (%) 9.102 Sep 2024 quarterly Mar 1996 - Sep 2024
Singapore (%) 8.423 Sep 2024 quarterly Mar 1976 - Sep 2024
Slovakia (%) 4.392 Sep 2024 quarterly Mar 1996 - Sep 2024
Slovenia (%) 3.950 Sep 2024 quarterly Mar 1996 - Sep 2024
South Africa (%) 4.400 Sep 2024 quarterly Mar 1961 - Sep 2024
Spain (%) 5.880 Dec 2024 quarterly Mar 1971 - Dec 2024
Sri Lanka (%) 8.262 Sep 2024 quarterly Mar 2003 - Sep 2024
Sudan (%) 103.797 2020 yearly 1961 - 2020
Sweden (%) 3.008 Sep 2024 quarterly Mar 1981 - Sep 2024
Switzerland (%) 4.113 Dec 2022 quarterly Mar 1981 - Dec 2022
Syria (%) 113.698 2022 yearly 1971 - 2022

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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) -97.698 Nov 2024 monthly Oct 2005 - Nov 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: Expenditure (MWK bn) 512.500 Nov 2024 monthly Oct 2005 - Nov 2024
Central Government: Net Financing (MWK bn) 450.400 Oct 2024 monthly Oct 2005 - Oct 2024
Central Government: Revenue and Grants (MWK bn) 341.600 Nov 2024 monthly Oct 2005 - Nov 2024
Central Government: Revenue and Grants: Revenue (MWK bn) 248.300 Nov 2024 monthly Oct 2005 - Nov 2024
Central Government: Deficit or Surplus (MWK bn) -171.000 Nov 2024 monthly Oct 2005 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.545 2028 yearly 1980 - 2028
Trade Balance (USD mn) -152.1 Nov 2024 monthly Jan 1964 - Nov 2024
Total Exports (USD mn) 149.2 Nov 2024 monthly Jan 1994 - Nov 2024
Total Exports Growth (%) 35.4 Nov 2024 monthly Jan 1995 - Nov 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) 300.9 Nov 2024 monthly Jan 1994 - Nov 2024
Total Imports Growth (%) 24.8 Nov 2024 monthly Jan 1995 - Nov 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) 0.820 Oct 2024 monthly Dec 1984 - Oct 2024
Total Imports from USA (USD mn) 3.137 Oct 2024 monthly Jul 1987 - Oct 2024
Total Exports to China (USD mn) 0.095 Oct 2024 monthly Jan 2008 - Oct 2024
Total Imports from China (USD mn) 40.921 Oct 2024 monthly Feb 1999 - Oct 2024
Foreign Trade Balance (MWK mn) -266,219.080 Nov 2024 monthly Jan 1994 - Nov 2024
Foreign Trade: Imports (MWK mn) 526,730.649 Nov 2024 monthly Jan 1994 - Nov 2024
Foreign Trade: Exports (MWK mn) 261,073.377 Nov 2024 monthly Jan 1994 - Nov 2024
Foreign Trade: Re-Exports (MWK mn) 10,682.068 Nov 2024 monthly Jan 1994 - Nov 2024
Import Value Index (2015=100) 140.916 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 89.753 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 122.732 2021 yearly 1980 - 2021
Export Value Index (2015=100) 93.195 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) -2,276.0 2023 yearly 1977 - 2023
Current Account Balance: % of GDP (%) -17.0 2023 yearly 1977 - 2023
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) 13.8 2023 yearly 1970 - 2023
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) 2,898.308 Nov 2024 monthly Jan 1975 - Nov 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) 330.909 Nov 2024 monthly Feb 2005 - Nov 2024
Total Deposits Growth (%) 46.8 Nov 2024 monthly Feb 2006 - Nov 2024
Domestic Credit (USD mn) 4,200.1 Nov 2024 monthly Jan 1975 - Nov 2024
Domestic Credit Growth (%) 50.5 Nov 2024 monthly Jan 1976 - Nov 2024
Household Debt (USD mn) 17.7 Dec 2011 monthly Jan 2006 - Dec 2011
Private Debt: % of Nominal GDP (%) 7.49 2023 yearly 2017 - 2023
Monetary Aggregates: M1 (MWK bn) 796.100 Apr 2021 monthly Jan 1975 - Apr 2021
Monetary Aggregates: M2 (MWK bn) 5,025.700 Nov 2024 monthly Jan 1975 - Nov 2024
Monetary Aggregates: Quasi Money (MWK bn) 848.900 Apr 2021 monthly Jan 1975 - Apr 2021
Monetary Survey: Net Domestic Assets: Domestic Credit (MWK bn) 7,283.000 Nov 2024 monthly Jan 1975 - Nov 2024
Monetary Survey: Official Foreign Reserves (MWK mn) 400,770.800 Dec 2022 monthly Jan 1975 - Dec 2022
Bank Deposits (MWK bn) 573.800 Nov 2024 monthly Feb 2005 - Nov 2024

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