GDP Annual Growth Rate 1.50 1.20 percent Dec 2023 GDP Constant Prices 7685453.10 7593419.80 MWK Million Dec 2022 GDP from Agriculture 1721105.50 1705940.50 MWK Million Dec 2022 GDP from Construction 258118.70 245532.30 MWK Million Dec 2022 GDP from Manufacturing 913550.60 919760.50 MWK Million Dec 2022 ...
GDP in Malawi is estimated to be $31 billion international dollars at the end of 2024. The economy of Malawi has grown at an average annual growth rate of 1.5% in the last four years and is ranked the 32th largest economy in Africa, ahead of Mauritania....
The fiscal space in Malawi is limited. Government revenue as a percentage of Gross Domestic Product (GDP) is 12.6% (excluding grants) [43]. GDP per capita is $394 2015 USD [38], therefore, government revenue per capita was $50 2015 USD in 2020 [44]. Until recently, donors had contrib...
South Sudan and newly-joined Somalia – the agricultural sector accounts for 25-40% of member states’ GDP and over 80% of regional employment, while the bloc’s EAC Vision 2050 highlights agriculture as the region’s key long-term
There is some evidence to suggest that Malawi’s fluctuating historical trend in GDP growth is a consequence of changes in seasonal rainfall (Supplementary Fig. S1); this emphasises the vulnerability of the country to CC. Over 95% of farmers in Malawi cultivate to meet their subsistence needs,...
This reduction in business operation among small and medium enterprises (SMEs) has also been noted in sub-Saharan Africa, accounting for 38% of the regional GDP [69]. (iv) The COVID-19 pandemic affected revenue for the Electricity Supply Corporation of Malawi (ESCOM). The pandemic compelled ...