Malawi GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Malawi GDP from 1980 to 2024

The total market value of goods and services produced annually in Malawi.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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