Nomad Watch
MW

Malawi

MW · MWI · #98 · 8 cities

Nomad score 47/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$3,551
GDP (2031)
$33.4B
GDP growth (2031)
3.0% →
Inflation (2031)
16.4% ↓
Unemployment (2025)
5.1% ↑
Population (2031)
28.5M
Population growth (2031)
2.9% →
Gini index (2019)
38.5
Government debt (2031)
68.2% of GDP
Current account (2031)
-9.4% of GDP
FDI inflows (2024)
$258.0M
Life expectancy (2024)
67.6 yrs
Health spending (2023)
6.5% of GDP
Internet users (2024)
19.0%
Mobile subscriptions (2024)
69.3/100
Trade openness (2025)
39.4% of GDP
Exchange rate (2023)
1,161.09/USD
Foreign reserves (2020)
$594.5M
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
68.2% of GDP
Current account (2031)
-9.4% of GDP
FDI inflows (2024)
$258.0M

Income inequality (Gini)

Gini index (2019)
0.39
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2009)
0.09/1k
Tax revenue (2024)
15.6% of GDP
Services sector (2025)
48.7% of GDP

Financial access and costs

ATMs per 100k (2024)
3.9
Bank branches per 100k (2024)
1.7
ICT service exports (2024)
31.7%
Goods and services tax (2024)
10.1%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $33.4B $3,551 3.0% 16.4% - 28.5M - 68.2% -9.4% - - - - -
2030 * $31.4B $3,442 3.0% 17.6% - 27.7M - 67.7% -10.0% - - - - -
2029 * $27.6B $3,106 2.9% 18.6% - 27.0M - 68.8% -10.7% - - - - -
2028 * $24.2B $2,805 2.7% 20.9% - 26.2M - 70.2% -11.6% - - - - -
2027 * $21.0B $2,502 2.4% 22.0% - 25.5M - 72.6% -13.4% - - - - -
2026 * $18.2B $2,227 2.2% 24.4% - 24.8M - 74.5% -15.4% - - - - -
2025 $15.0B $1,899 2.1% 28.4% 5.1% 24.1M - 78.4% -16.5% - - - - -
2024 $11.8B $1,860 1.7% 32.2% 5.1% 23.4M - 87.6% -18.5% $258.0M 67.6 - 19.0% -
2023 $13.4B $1,832 1.9% 28.8% 5.0% 22.7M - 86.7% -15.6% $214.0M 67.4 6.5% 18.0% 1,161.09
2022 $12.5B $1,778 0.9% 20.8% 5.0% 22.1M - 75.7% -18.2% $198.7M 66.0 6.6% 16.9% 949.04
2021 $12.5B $1,688 4.6% 9.3% 5.7% 21.5M - 66.5% -15.2% $129.5M 64.8 7.5% 15.3% 805.90
2020 $11.8B $1,513 1.0% 8.6% 5.7% 20.9M - 53.9% -14.1% $252.2M 65.2 7.0% 13.9% 749.53
2019 $11.0B $1,450 5.4% 9.4% 5.0% 20.3M 38.5 41.2% -12.6% $55.2M 65.0 6.4% 11.1% 745.54
2018 $9.9B $1,364 4.4% 9.2% 5.0% 19.7M - 40.8% -12.0% $77.0M 64.5 6.9% 8.8% 732.33
2017 $8.9B $1,380 4.0% 11.5% 5.1% 19.2M - 40.0% -15.5% $90.2M 63.9 7.6% 7.0% 730.27
2016 $7.7B $1,410 2.3% 21.7% 5.0% 18.6M 44.7 37.1% -13.1% $115.7M 63.2 7.7% 6.3% 718.01
2015 $9.0B $1,403 3.0% 21.9% 5.0% 18.1M - 35.5% -12.2% $287.7M 62.3 6.6% 6.0% 499.61
2014 $8.5B $1,506 5.7% 23.8% 5.0% 17.6M - 33.5% -7.0% $598.1M 61.7 6.9% 5.8% 424.90
2013 $7.6B $1,558 5.2% 28.3% 5.0% 17.1M - 35.3% -6.5% $451.4M 60.8 8.2% 5.1% 364.41
2012 $8.4B $1,464 1.9% 21.3% 5.0% 16.6M - 28.6% -6.9% -$8.9M 59.9 6.0% 4.4% 249.11
2011 $11.2B $1,516 4.9% 7.6% 4.8% 16.2M - 20.0% -6.1% $812.8M 58.9 5.3% 3.3% 156.52
2010 $9.8B $1,458 6.9% 7.4% 4.8% 15.7M 45.5 19.3% -6.1% $97.0M 57.8 5.1% 2.3% 150.49
2009 $8.7B $1,388 8.3% 8.4% 4.7% 15.3M - 23.5% -7.2% $49.1M 56.7 5.9% 1.1% 141.17
2008 $7.5B $1,311 7.6% 8.7% 4.8% 14.8M - 23.5% -10.7% $195.4M 55.7 6.1% 0.7% 140.52
2007 $6.2B $1,231 9.6% 7.9% 4.9% 14.4M - 18.9% -5.8% $124.4M 54.7 5.4% 1.0% 139.96
2006 $5.6B $1,124 4.7% 13.9% 5.0% 14.0M - 17.9% -12.4% $35.6M 53.7 4.9% 0.4% 136.01
2005 $5.1B $1,071 3.3% 15.5% 4.9% 13.7M - 70.9% -9.4% $139.7M 52.5 4.3% 0.4% 118.42
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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