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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
