[ Nominal GDP in billions of USD ]
Year -
$11.32 billions
Malawi GDP expanded from 1980 to 2024, increasing from $1.80 billion to $11.32 billion.The compound annual growth rate (CAGR) averaged 4.27% over the period. The economy recorded its peak level in 2023 and its lowest level in 1985. Growth volatility remained high. The maximum drawdown reached 46.42%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 11.32 Billions | $ 40.23 Int Billions |
| Growth (YoY) | -15.32% | 4.132% |
| Net Change vs Previous Year | $ -2.05 Billion | $ 1.60 Int Billion |
| % of World GDP | 0.01% | 0.02% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | 1.8 | - | - | - | - | - |
| 1981 | 1.8 | 0 | 0.002 % | - | - | - |
| 1982 | 1.72 | -0.08 | -4.653 % | - | - | - |
| 1983 | 1.78 | 0.06 | 3.655 % | - | - | - |
| 1984 | 1.76 | -0.02 | -1.243 % | - | - | - |
| 1985 | 1.65 | -0.11 | -6.347 % | - | - | - |
| 1986 | 1.72 | 0.08 | 4.625 % | - | - | - |
| 1987 | 1.72 | 0 | -0.051 % | - | - | - |
| 1988 | 2.01 | 0.29 | 16.639 % | - | - | - |
| 1989 | 2.31 | 0.31 | 15.238 % | - | - | - |
| 1990 | 2.74 | 0.42 | 18.273 % | 6.41 | - | - |
| 1991 | 3.21 | 0.47 | 17.16 % | 7.21 | 0.8 | 12.407 % |
| 1992 | 2.62 | -0.59 | -18.334 % | 6.83 | -0.38 | -5.221 % |
| 1993 | 3.01 | 0.39 | 15.066 % | 7.67 | 0.84 | 12.292 % |
| 1994 | 1.72 | -1.29 | -42.926 % | 7.03 | -0.64 | -8.324 % |
| 1995 | 2.03 | 0.31 | 18.248 % | 8.38 | 1.35 | 19.176 % |
| 1996 | 3.32 | 1.29 | 63.228 % | 9.16 | 0.78 | 9.281 % |
| 1997 | 3.88 | 0.56 | 16.756 % | 9.67 | 0.51 | 5.582 % |
| 1998 | 2.55 | -1.33 | -34.269 % | 10.16 | 0.49 | 5.063 % |
| 1999 | 2.58 | 0.04 | 1.447 % | 10.61 | 0.46 | 4.5 % |
| 2000 | 2.54 | -0.05 | -1.825 % | 11.03 | 0.41 | 3.877 % |
| 2001 | 2.5 | -0.04 | -1.549 % | 10.71 | -0.31 | -2.835 % |
| 2002 | 5.09 | 2.59 | 103.655 % | 11.06 | 0.35 | 3.28 % |
| 2003 | 4.67 | -0.42 | -8.207 % | 11.93 | 0.86 | 7.793 % |
| 2004 | 5.06 | 0.39 | 8.329 % | 12.91 | 0.98 | 8.255 % |
| 2005 | 5.32 | 0.26 | 5.173 % | 13.75 | 0.84 | 6.507 % |
| 2006 | 5.82 | 0.5 | 9.358 % | 14.84 | 1.09 | 7.929 % |
| 2007 | 6.45 | 0.63 | 10.878 % | 16.71 | 1.87 | 12.569 % |
| 2008 | 7.74 | 1.29 | 20.034 % | 18.33 | 1.62 | 9.714 % |
| 2009 | 9.01 | 1.27 | 16.352 % | 19.98 | 1.65 | 8.996 % |
| 2010 | 10.13 | 1.12 | 12.413 % | 21.61 | 1.63 | 8.173 % |
| 2011 | 11.65 | 1.52 | 15.006 % | 23.14 | 1.53 | 7.098 % |
| 2012 | 8.77 | -2.87 | -24.682 % | 23 | -0.15 | -0.629 % |
| 2013 | 8.03 | -0.74 | -8.453 % | 25.18 | 2.18 | 9.489 % |
| 2014 | 8.8 | 0.77 | 9.584 % | 25.02 | -0.16 | -0.625 % |
| 2015 | 9.22 | 0.42 | 4.751 % | 23.97 | -1.05 | -4.204 % |
| 2016 | 7.91 | -1.31 | -14.205 % | 24.76 | 0.78 | 3.267 % |
| 2017 | 8.94 | 1.03 | 13.068 % | 24.9 | 0.14 | 0.579 % |
| 2018 | 9.88 | 0.94 | 10.462 % | 25.27 | 0.37 | 1.484 % |
| 2019 | 11.05 | 1.17 | 11.87 % | 27.59 | 2.32 | 9.178 % |
| 2020 | 11.77 | 0.72 | 6.492 % | 29.56 | 1.98 | 7.163 % |
| 2021 | 12.38 | 0.61 | 5.173 % | 33.83 | 4.27 | 14.436 % |
| 2022 | 12.43 | 0.05 | 0.412 % | 36.58 | 2.75 | 8.116 % |
| 2023 | 13.36 | 0.93 | 7.52 % | 38.63 | 2.05 | 5.614 % |
| 2024 | 11.32 | -2.05 | -15.32 % | 40.23 | 1.6 | 4.132 % |
Between 1980 to 2024, Malawi experienced the following economic phases:
The most remarkable growth occurred in 2002 with an increase of 103.655%, while the largest decline was in 1994 at -42.926%.