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Malawi

MWI Β· Sub-Saharan Africa / Sub-Saharan Africa (excluding high income)

Malawi: GDP 1.9K intl$ per capita, population 21.7M, inflation 32.2%. Compare economy, demographics and cost of living with other countries.

Location

Key Facts

Region
Sub-Saharan Africa
Sub-Saharan Africa (excluding high income)
Population
21.66M
2024
View all demographics β†’

Geography and Government

Area
118,484 kmΒ²
Capital
Lilongwe
ISO 2
MW
ISO 3
MWI
Calling code
+265
Internet TLD
.mw
Government type
presidential republic

Age Structure

0-14 years 37.7%
15-64 years 58.4%
65+ years 3.9%

Languages

Language Type Share Speakers
English (ENG) Official - -
Chewa (NYA) Official - -

Religions

Religion Type Share Adherents
Protestant Minor 33.5% -
Other Christian Minor 26.6% -
Roman Catholic Minor 17.2% -
Muslim Minor 13.8% -
Other Minor 5.6% -
None Minor 2.1% -
Traditionalist Minor 1.1% -

Population & Demographics

Basic Demographics

Population, total
21.66M
2024
Population growth (annual %)
2.58%
2024
Population density (people per sq. km of land area)
223.8 per kmΒ²
2023
Urban population (% of total population)
17.3%
2024

Health Indicators

Life expectancy at birth, total (years)
67.6 years
2024
Birth rate, crude (per 1,000 people)
31.14 per 1,000
2024
Death rate, crude (per 1,000 people)
5.29 per 1,000
2024
Fertility rate, total (births per woman)
3.59 children
2024
Mortality rate, infant (per 1,000 live births)
38.0 per 1,000
2024

Education

Educational attainment, at least completed short-cycle tertiary, population 25+, total (%) (cumulative)
0.1%
2020
Literacy rate, adult total (% of people ages 15 and above)
70.2%
2020

Economy Snapshot

Key Economic Indicators

GDP per capita (current US$)
$523
2024
Inflation, consumer prices (annual %)
32.2%
2024
Unemployment, total (% of labor force)
5.1%
2025
GNI per capita (current US$)
$570
2024

Macroeconomic Indicators

GDP (current US$)
$11.32B
2024
GDP growth (annual %)
1.7%
2024
GDP per capita, PPP (current international $)
1.9K intl$
2024
Central government debt, total (% of GDP)
55.6%
2022

Trade & External Sector

Trade (% of GDP)
42.4%
2023
Exports of goods and services (% of GDP)
11.2%
2023
Imports of goods and services (% of GDP)
31.2%
2023

Other Indicators

International tourism, number of arrivals
871.0K
2018
Tax revenue (% of GDP)
13.5%
2022
Foreign direct investment, net inflows (% of GDP)
2.3%
2024

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Rankings featuring Malawi

Frequently Asked Questions

What is the average income in Malawi?

According to our data, the average income in Malawi is approximately $570 (GNI per capita) as of 2024. This figure represents Gross National Income per capita and provides insight into the economic prosperity and living standards in the country.

What is the inflation rate in Malawi in 2024?

The inflation rate in Malawi is 32.2% as of 2024. Inflation measures the rate at which the general level of prices for goods and services rises, eroding purchasing power. This data is updated regularly from reliable sources like the World Bank and IMF.

How does Malawi compare to other countries in Sub-Saharan Africa ?

Malawi is located in Sub-Saharan Africa and can be compared with other countries in the region across various economic and demographic indicators including inflation rates, unemployment, average income, cost of living, population statistics, and life expectancy. Explore our comprehensive inflation comparison, unemployment rankings, cost of living data, population statistics, and life expectancy data to see how Malawi compares to neighboring and regional countries.

Malawi is located in Sub-Saharan Africa , Sub-Saharan Africa (excluding high income). Explore detailed statistics on economy, population, demographics, inflation, unemployment, and cost of living, with up-to-date data from the World Bank, IMF, UN, and other authoritative sources.

Our comprehensive database provides real-time insights into Malawi's economic performance and demographic trends, allowing you to compare with other countries and understand global patterns. Access current economic indicators, population statistics, historical data, and comparative analysis to gain a deeper understanding of Malawi's economic and demographic landscape. For detailed economic data, visit our economy page, and for demographic information, explore our population statistics section.

Sources and References

Data sources: World Bank, IMF, UN Data, Transparency International.

All data is compiled from publicly available sources and updated regularly. Economic indicators may vary based on reporting methodologies and data availability periods.

Codes and Abbreviations

ISO 2
MW
ISO 3
MWI
IOC code
MAW
Vehicle code
MW
Latitude
-13.99
Longitude
33.77

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