Malawi 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$12.71 billion
↑ 2.28% vs 2022GDP per Capita
$602.34
↓ 0.32% vs 2022GDP Growth (Annual %)
1.89%
↑ 0.97pp vs 2022Inflation Rate (CPI %)
28.79%
↑ 7.84pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $12.43 billion | $12.71 billion | +2.28% |
| GDP per Capita | $604.27 | $602.34 | -0.32% |
| GDP Growth (Annual %) | 0.92% | 1.89% | +0.97pp |
| Inflation (CPI %) | 20.95% | 28.79% | +7.84pp |
| Unemployment Rate (%) | 5.04% | 5.03% | 0.00pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $12.71 billion
- GDP per Capita
- $602.34
- GDP Growth (Annual %)
- 1.89%
- Gross National Income
- $12.35 billion
Prices & Employment
- Inflation (CPI %)
- 28.79%
- Inflation (GDP Deflator %)
- 22.81%
- Unemployment Rate (%)
- 5.03%
- Interest Rate (Real %)
- 8.75%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -17.90%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Malawi's Gross Domestic Product (GDP) is $12.71 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Malawi for 2023 is $602.34. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Malawi for 2023 is 28.79%. This measures the annual percentage change in the cost of consumer goods and services.
Malawi's annual GDP growth rate for 2023 is 1.89%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Malawi for 2023 is 5.03%. This represents the percentage of the labor force that is unemployed and actively seeking employment.