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Gross Domestic Product (GDP) in Malawi

GDP of Malawi, 1970-2015

During 1970-2015 GDP of Malawi in current prices rose by 5.9 billion US dollars (in 13.4 times) to 6.4 billion US dollars; change occurred by 1.3 billion US dollars by increasing of people by 12.6 million, as well as by 4.6 billion US dollars by increasing of GDP per capita by 269.0 US dollars. The average annual growth of GDP of Malawi was 0.13 billion US dollars or 5.9%. The average annual growth of GDP of Malawi in constant prices was 4.0%. Share in the world decreased by 0.0054%. Share in Africa fell by 0.16%. Minimal GDP was in 1970 (0.48 billion US dollars). Maximal GDP was in 2011 (7.4 billion US dollars).

During 1970-2015 GDP per capita in Malawi increased by 269.0 US dollars (in 3.6 times) to 373.0 US dollars. The average annual growth of GDP per capita in current prices was 6.0 US dollars or 2.9%.

Change of GDP of Malawi described by linear regression model: y=0.11x-222.4, where y - estimated value of GDP of Malawi, x - year. Correlation rate = 0.872. Determination rate = 0.761.

GDP of Malawi, 1970

GDP of Malawi in 1970 was worth 0.48 billion US dollars, ranked 110th in the world and was on par with GDP of Sierra Leone (0.46 bln. US dollars), GDP of Burkina Faso (0.45 bln. US dollars). Share of Malawi in the world GDP was 0.014%.

GDP per capita in Malawi in 1970 was equal to 104.0 US dollars, ranked 164th in the world and was on par with GDP per capita in China (111.0 US dollars), GDP per capita in Benin (111.0 US dollars), GDP per capita in Cambodia (110.0 US dollars), GDP per capita in India (108.0 US dollars), GDP per capita in Myanmar (99.0 US dollars), GDP per capita in Somalia (99.0 US dollars), GDP per capita in Chad (97.0 US dollars). GDP per capita in Malawi was less than GDP per capita in the World (924.0 US dollars) by 820.0 US dollars.

Comparison of GDP in Malawi and the neighbors in 1970. GDP of Malawi was less than GDP of Mozambique (3.6 billion US dollars), GDP of Tanzania (2.4 billion US dollars), GDP of Zimbabwe (2.0 billion US dollars), GDP of Zambia (1.5 billion US dollars). GDP per capita in Malawi was less than GDP per capita in Mozambique (391.0 US dollars), GDP per capita in Zimbabwe (388.0 US dollars), GDP per capita in Zambia (369.0 US dollars), GDP per capita in Tanzania (179.0 US dollars).

Comparison of GDP in Malawi and leaders in 1970. GDP of Malawi was less than GDP of the United States (1 075.9 billion US dollars) in 2 244.9 times, GDP of Germany (215.0 billion US dollars) in 448.7 times, GDP of Japan (211.5 billion US dollars) in 441.3 times, GDP of the United Kingdom (130.7 billion US dollars) in 272.7 times, GDP of China (89.6 billion US dollars) in 187.1 times. GDP per capita in Malawi was less than GDP per capita in the United States (5 136.0 US dollars) in 49.4 times, GDP per capita in Germany (2 744.0 US dollars) in 26.4 times, GDP per capita in the United Kingdom (2 350.0 US dollars) in 22.6 times, GDP per capita in Japan (2 040.0 US dollars) in 19.6 times, GDP per capita in China (111.0 US dollars) by 6.7%.

Potential GDP of Malawi in 1970. With GDP per capita at the level of the United States (5 136.0 US dollars), GDP of Malawi would be 23.7 billion US dollars, it is in 49.4 times more than the actual level. With GDP per capita at the level of the World (924.0 US dollars), GDP of Malawi would be 4.3 billion US dollars, it is in 8.9 times more than the actual level. With GDP per capita at the level of Mozambique (391.0 US dollars), as the best neighbor, GDP of Malawi would be 1.8 billion US dollars, it is in 3.8 times more than the actual level. With GDP per capita at the level of Africa (296.0 US dollars), GDP of Malawi would be 1.4 billion US dollars, it is in 2.8 times more than the actual level. With GDP per capita at the level of Eastern Africa (175.0 US dollars), GDP of Malawi would be 0.81 billion US dollars, it is by 68.3% more than the actual level.

GDP of Malawi, 2015

GDP of Malawi in 2015 was 6.4 billion US dollars, ranked 153rd in the world and was on par with GDP of Kyrgyzstan (6.6 bln. US dollars), GDP of Moldova (6.5 bln. US dollars), GDP of Kosovo (6.4 bln. US dollars), GDP of Liechtenstein (6.4 bln. US dollars), GDP of Monaco (6.3 bln. US dollars). Share of Malawi in the world GDP was 0.0087%.

GDP per capita in Malawi in 2015 was 373.0 US dollars, ranked 207th in the world and was on par with GDP per capita in Niger (359.0 US dollars). GDP per capita in Malawi was less than GDP per capita in the World (10 098.0 US dollars) by 9 725.0 US dollars.

Comparison of GDP in Malawi and the neighbors in 2015. GDP of Malawi was less than GDP of Tanzania (45.6 billion US dollars), GDP of Zambia (21.3 billion US dollars), GDP of Mozambique (14.8 billion US dollars), GDP of Zimbabwe (13.9 billion US dollars). GDP per capita in Malawi was less than GDP per capita in Zambia (1 311.0 US dollars), GDP per capita in Zimbabwe (890.0 US dollars), GDP per capita in Tanzania (877.0 US dollars), GDP per capita in Mozambique (529.0 US dollars).

Comparison of GDP in Malawi and leaders in 2015. GDP of Malawi was less than GDP of the United States (18 036.6 billion US dollars) in 2 809.5 times, GDP of China (11 158.5 billion US dollars) in 1 738.1 times, GDP of Japan (4 383.1 billion US dollars) in 682.7 times, GDP of Germany (3 363.6 billion US dollars) in 523.9 times, GDP of the United Kingdom (2 858.0 billion US dollars) in 445.2 times. GDP per capita in Malawi was less than GDP per capita in the United States (56 054.0 US dollars) in 150.3 times, GDP per capita in the United Kingdom (44 162.0 US dollars) in 118.4 times, GDP per capita in Germany (41 686.0 US dollars) in 111.8 times, GDP per capita in Japan (34 629.0 US dollars) in 92.8 times, GDP per capita in China (8 109.0 US dollars) in 21.7 times.

Potential GDP of Malawi in 2015. With GDP per capita at the level of the United States (56 054.0 US dollars), GDP of Malawi would be 964.8 billion US dollars, it is in 150.3 times more than the actual level. With GDP per capita at the level of the World (10 098.0 US dollars), GDP of Malawi would be 173.8 billion US dollars, it is in 27.1 times more than the actual level. With GDP per capita at the level of Africa (1 927.0 US dollars), GDP of Malawi would be 33.2 billion US dollars, it is in 5.2 times more than the actual level. With GDP per capita at the level of Zambia (1 311.0 US dollars), as the best neighbor, GDP of Malawi would be 22.6 billion US dollars, it is in 3.5 times more than the actual level. With GDP per capita at the level of Eastern Africa (780.0 US dollars), GDP of Malawi would be 13.4 billion US dollars, it is in 2.1 times more than the actual level.

Size of GDP in Malawi

Gross Domestic Product (GDP) in Malawi, bln. US dollars
Prices197019801990200020102015
current prices0.481.92.62.56.96.4
constant prices19700.480.951.11.42.32.8
20050.891.82.12.64.25.2
Picture. Malawi: GDP

GDP in Malawi and its neighbors, bln. $
Country197019801990200020102015
Tanzania2.49.36.913.031.145.6
Zambia1.54.33.83.620.321.3
Mozambique3.65.73.55.010.214.8
Zimbabwe2.07.111.77.59.413.9
Malawi0.481.92.62.56.96.4

GDP in Malawi and leaders, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
China89.6305.3398.61 214.96 066.411 158.5
Japan211.51 099.73 140.04 887.55 700.14 383.1
Germany215.0946.71 764.91 950.03 417.13 363.6
United Kingdom130.7565.01 093.21 635.42 429.72 858.0
Malawi0.481.92.62.56.96.4

Growth of GDP in Malawi

Picture. Malawi: GDP, growth Picture. Malawi: GDP, growth

GDP per capita in Malawi

Picture. Malawi: GDP per capita Picture. Malawi: GDP per capita

GDP per capita in Malawi and its neighbors, $
Country197019801990200020102015
Zambia369.0728.0466.0340.01 456.01 311.0
Zimbabwe388.0981.01 120.0604.0674.0890.0
Tanzania179.0500.0277.0394.0701.0877.0
Mozambique391.0480.0264.0275.0418.0529.0
Malawi104.0300.0278.0226.0465.0373.0

GDP per capita in Malawi and leaders, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
United Kingdom2 350.010 049.019 142.027 781.038 741.044 162.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Japan2 040.09 487.025 685.038 878.044 770.034 629.0
China111.0312.0345.0957.04 524.08 109.0
Malawi104.0300.0278.0226.0465.0373.0

Structure of GDP in Malawi

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197087.372.015.426.122.9-13.4
198091.872.519.322.222.2-14.0
1990107.891.616.217.117.1-10.9
200077.267.110.119.712.7-6.9
201089.375.214.022.822.8-12.1
201592.979.313.612.812.8-5.7

© Ivan Kushnir

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