Macro‑Economic Monitor

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Malawi economy

Malawi’s economy grew 1.9% in 2025, slower than the world as a whole (2.9%). Consumer prices rose 28.4% in 2025, and 5.1% of the labour force was out of work.

IndicatorLatestYear
Real GDP growth1.9%2025
Inflation (consumer prices)28.4%2025
Unemployment5.1%2025
GDP (US dollars)$14.9 bn2025
GDP per person (US dollars)$6722025
GDP per person (PPP, international dollars)$1,8582024
Current account balance, % of GDP−18.8%2024
Budget balance, % of GDP−11.8%2024
Extreme poverty, % of people below $3.00 a day75.4%2019
Population22.2 m2025
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Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.