Malawi
Malawi is one of Africa’s most impoverished countries, and faces significant macro-and socio-economic challenges. Corruption perceptions harm the economy further by keeping donor nations away.
Malawi experienced weaker economic growth of 3.5% in 2018, owing to poorer agricultural production. Moreover, growth was constrained by regular and prolonged power outages, which severely affected the entire economy. We expect economic growth to pick up to 4.2% in 2019, as the improved crop outlook and a stable macroeconomic environment will outweigh the negative effects of ongoing power issues. (Source: Malawi Quarterly Update, published March 2019.)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-7.3 |
|
Consumer Price Index (% change y-o-y, avg) |
9.2 |
|
Current Account Balance (as a % of GDP) |
-15.3 |
|
Real GDP (annual % change) |
3.5 |
|
GDP per Capita, US$ |
369.4 |
|
Import Cover (months) |
3.8 |
|
Population, million |
19.2 |
| Total External Debt (as a % of GDP) |
34.0 |