Malawi's GDP changed from approximately $3B 22M in 1980 to $11B 241M in 2024, showing an overall 272.0% sharply increased during the period.
The lowest GDP was recorded in 1985 at $2B 762M, and the highest in 2023 at $13B 127M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.0%.
For comparison, the average annual growth rate of Mozambique was 3.7%, and that of Tanzania was 4.6%.
Malawi GDP from 1980 to 2024
The total market value of goods and services produced annually in Malawi.
Overview of Malawi's GDP (1980–2024)
The Gross Domestic Product (GDP) of Malawi recorded a 272.0% sharply increased from 1980 to 2024.
The average GDP during this period was $6B 352M, and the median was $5B 148M.
GDP fluctuated within a range of $10B 365M, with a standard deviation of $3B 194M.
The average annual change was $222M 183K.
Highest and Lowest GDP Records
- Lowest GDP: 1985, $2B 762M
- Highest GDP: 2023, $13B 127M
- Most Recent GDP: 2024, $11B 241M
Notable Annual GDP Changes
- 1996: Significant increase in GDP
- 2012: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Malawi's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $11B 31M → $11B 847M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $6B 240M → $8B 723M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $4B 256M → $4B 178M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $6B 504M → $4B 275M
- Outcome: sharply declined
Key Economic Indicators of Malawi (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 3B 22M | $ 460.39 | $ 502.47 | $ 3B 298M | 0.395 % | -8.592 % | 3.28 % | 0 % | 6M 564K people |
1981 | $ 3B 22M | $ 447.79 | $ 506.89 | $ 3B 421M | -5.245 % | -4.817 % | 4.35 % | 0 % | 6M 748K people |
1982 | $ 2B 881M | $ 416.18 | $ 537.82 | $ 3B 723M | 2.516 % | -3.877 % | 5.60 % | 0 % | 6M 923K people |
1983 | $ 2B 986M | $ 419.66 | $ 563.79 | $ 4B 11M | 3.694 % | -4.381 % | 5.86 % | 0 % | 7M 116K people |
1984 | $ 2B 949M | $ 400.33 | $ 594.55 | $ 4B 380M | 5.373 % | -1.415 % | 5.41 % | 0 % | 7M 368K people |
1985 | $ 2B 762M | $ 358.71 | $ 613.65 | $ 4B 725M | 4.571 % | -4.576 % | 5 % | 0 % | 7M 700K people |
1986 | $ 2B 883M | $ 354.47 | $ 591.42 | $ 4B 810M | -0.215 % | -2.943 % | 3.57 % | 0 % | 8M 132K people |
1987 | $ 2B 834M | $ 327.76 | $ 579.32 | $ 5B 10M | 1.625 % | -2.138 % | 5.36 % | 0 % | 8M 647K people |
1988 | $ 3B 258M | $ 354.72 | $ 582.57 | $ 5B 351M | 3.177 % | -2.666 % | 7.12 % | 0 % | 9M 185K people |
1989 | $ 3B 715M | $ 384.33 | $ 582.96 | $ 5B 636M | 1.345 % | -1.379 % | 4.95 % | 0 % | 9M 667K people |
1990 | $ 4B 222M | $ 420.59 | $ 615.54 | $ 6B 179M | 5.692 % | -2.041 % | 6.92 % | 0 % | 10M 39K people |
1991 | $ 5B 380M | $ 523.59 | $ 675.98 | $ 6B 946M | 8.73 % | -4.232 % | 5.43 % | 0 % | 10M 275K people |
1992 | $ 4B 394M | $ 422.47 | $ 633.02 | $ 6B 583M | -7.333 % | -6.485 % | 3.05 % | 0 % | 10M 400K people |
1993 | $ 5B 56M | $ 483.26 | $ 706.65 | $ 7B 393M | 9.692 % | -3.275 % | 2.60 % | 0 % | 10M 461K people |
1994 | $ 2B 930M | $ 278.14 | $ 642.93 | $ 6B 772M | -10.313 % | -6.168 % | 1.93 % | 0 % | 10M 533K people |
1995 | $ 3B 412M | $ 319.89 | $ 737.87 | $ 7B 870M | 13.83 % | -2.287 % | 2.93 % | 0 % | 10M 666K people |
1996 | $ 5B 569M | $ 512.06 | $ 810.33 | $ 8B 814M | 9.979 % | -2.647 % | 1.94 % | 0 % | 10M 876K people |
1997 | $ 6B 504M | $ 583.42 | $ 857.23 | $ 9B 556M | 6.587 % | -4.247 % | 0.10 % | 0 % | 11M 148K people |
1998 | $ 4B 275M | $ 373.08 | $ 852.33 | $ 9B 766M | 1.061 % | -0.102 % | 5.34 % | 0 % | 11M 458K people |
1999 | $ 4B 336M | $ 368.27 | $ 870.99 | $ 10B 255M | 3.541 % | -3.633 % | 2.60 % | 0 % | 11M 774K people |