| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Malawi Economy 2011
https://theodora.com/wfb2011/malawi/malawi_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese



Page last updated on January 13, 2011

Economy - overview:
Landlocked Malawi ranks among the world's most densely populated and least developed countries. The economy is predominately agricultural with about 80% of the population living in rural areas. Agriculture, which has benefited from fertilizer subsidies since 2006, accounts for more than one-third of GDP and 90% of export revenues. The performance of the tobacco sector is key to short-term growth as tobacco accounts for more than half of exports. The economy depends on substantial inflows of economic assistance from the IMF, the World Bank, and individual donor nations. In 2006, Malawi was approved for relief under the Heavily Indebted Poor Countries (HIPC) program. In December 2007, the US granted Malawi eligibility status to receive financial support within the Millennium Challenge Corporation (MCC) initiative. The government faces many challenges including developing a market economy, improving educational facilities, facing up to environmental problems, dealing with the rapidly growing problem of HIV/AIDS, and satisfying foreign donors that fiscal discipline is being tightened. Since 2005 President MUTHARIKA'S government has exhibited improved financial discipline under the guidance of Finance Minister Goodall GONDWE and signed a three year Poverty Reduction and Growth Facility worth $56 million with the IMF. Improved relations with the IMF lead other international donors to resume aid as well. The government has announced infrastructure projects that could yield improvements, such as a new oil pipeline, for better fuel access, and the potential for a waterway link through Mozambican rivers to the ocean, for better transportation options. Since 2009, however, Malawi experienced some setbacks, including a general shortage of foreign exchange, which has damaged its ability to pay for imports, and fuel shortages that hinder transportation and productivity. Investment fell 23% in 2009. The government has failed to address barriers to investment such as unreliable power, water shortages, poor telecommunications infrastructure, and the high costs of services.

GDP (purchasing power parity):
$13.51 billion (2010 est.)
country comparison to the world: 140

$12.69 billion (2009 est.)
$11.79 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$5.035 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.5% (2010 est.)
country comparison to the world: 30

7.6% (2009 est.)
9.8% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$900 (2010 est.)
country comparison to the world: 220

$800 (2009 est.)
$800 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 33.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 21.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 44.9% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
5.747 million (2007 est.)
country comparison to the world: 66
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 90%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 10% (2003 est.)

Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]

Population below poverty line:
53% (2004)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 31.9% (2004)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
39 (2004)
country comparison to the world: 69
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
27.7% of GDP (2009 est.)
country comparison to the world: 27
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $1.735 billion
[see also: Budget - revenues country ranks ]
expenditures: $1.769 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
40.4% of GDP (2010 est.)
country comparison to the world: 70

44.6% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
8% (2010 est.)
country comparison to the world: 187

8.4% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
15% (31 December 2009)
country comparison to the world: 21

15% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
25.25% (31 December 2009 est.)
country comparison to the world: 8

25.28% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$626.5 million (31 December 2010 est)

$580.3 million (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.434 billion (31 December 2010 est.)

$1.233 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.72 billion (31 December 2010 est.)
country comparison to the world: 130

$1.515 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA (31 December 2009)
country comparison to the world: 98

$1.771 billion (31 December 2008)
$587.2 million (31 December 2006)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
tobacco, sugarcane, cotton, tea, corn, potatoes, cassava (tapioca), sorghum, pulses, groundnuts, Macadamia nuts; cattle, goats

Industries:
tobacco, tea, sugar, sawmill products, cement, consumer goods

Industrial production growth rate:
17.3% (2009 est.)
country comparison to the world: 2
[see also: Industrial production growth rate country ranks ]

Electricity - production:
1.69 billion kWh (2007 est.)
country comparison to the world: 136
[see also: Electricity - production country ranks ]

Electricity - consumption:
1.572 billion kWh (2007 est.)
country comparison to the world: 139
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 166
[see also: Oil - production country ranks ]

Oil - consumption:
8,000 bbl/day (2009 est.)
country comparison to the world: 157
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 184
[see also: Oil - exports country ranks ]

Oil - imports:
6,960 bbl/day (2007 est.)
country comparison to the world: 148
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 141
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 149
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 142
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 156
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 99
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 163
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$315 million (2010 est.)
country comparison to the world: 98

-$332 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$1.189 billion (2010 est.)
country comparison to the world: 150

$912 million (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
tobacco 53%, tea, sugar, cotton, coffee, peanuts, wood products, apparel

Exports - partners:
Germany 12.37%, Egypt 8.52%, South Africa 7.67%, Zimbabwe 7.55%, US 7.4%, Russia 6.79%, Netherlands 6.64%, Japan 4.1% (2009)

Imports:
$1.675 billion (2010 est.)
country comparison to the world: 158

$1.502 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
food, petroleum products, semimanufactures, consumer goods, transportation equipment

Imports - partners:
South Africa 40.15%, China 6.79%, India 6.73%, France 5.03%, Tanzania 4.81%, Mozambique 4.03% (2009)

Reserves of foreign exchange and gold:
$301 million (31 December 2010 est.)
country comparison to the world: 123

$163.4 million (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.213 billion (31 December 2010 est.)
country comparison to the world: 147

$1.166 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Malawian kwachas (MWK) per US dollar - 151.65 (2010), 141.14 (2009), 142.41 (2008), 141.12 (2007), 135.96 (2006)


NOTE: The information regarding Malawi on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Malawi Economy 2011 information contained here. All suggestions for corrections of any errors about Malawi Economy 2011 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

https://theodora.com/wfb2011/malawi/malawi_economy.html


This page was last modified 09-Feb-11
Copyright © 1995-2011 ITA all rights reserved.