Current account balance as a proportion of gdp in Malawi
Malawi: Current account balance as a proportion of gdp was -17.9 in 2023. ▼ Falling
Current account balance as a proportion of gdp in Malawi, 2000–2023
Source: Our World in Data.
Analysis
In 2023, current account balance as a proportion of gdp in Malawi stood at -17.9. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 0.3% on the previous year and down 16.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Malawi peaked at -2.4 in 2001 and was at its lowest, -17.9, in 2023.
Malawi ranks 183rd of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Current account balance as a proportion of gdp in Malawi, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.9 | — |
| 2001 | -2.4 | -17.2% |
| 2002 | -3.94 | +64.2% |
| 2003 | -5.33 | +35.3% |
| 2004 | -7.49 | +40.5% |
| 2005 | -9.52 | +27.1% |
| 2006 | -5.27 | -44.6% |
| 2007 | -6.48 | +23.0% |
| 2008 | -8.95 | +38.1% |
| 2009 | -6.03 | -32.6% |
| 2010 | -9.57 | +58.7% |
| 2011 | -9.76 | +2.0% |
| 2012 | -8.49 | -13.0% |
| 2013 | -15.39 | +81.3% |
| 2014 | -12.82 | -16.7% |
| 2015 | -11.55 | -9.9% |
| 2016 | -12.71 | +10.0% |
| 2017 | -17.42 | +37.1% |
| 2018 | -17.26 | -0.9% |
| 2019 | -11.95 | -30.8% |
| 2020 | -13.92 | +16.5% |
| 2021 | -15.49 | +11.3% |
| 2022 | -17.85 | +15.2% |
| 2023 | -17.9 | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.83 | -9.52 | -2.4 | 10 |
| 2010s | -12.69 | -17.42 | -8.49 | 10 |
| 2020s | -16.29 | -17.9 | -13.92 | 4 |
Countries ranked near Malawi
More economy & growth data for Malawi
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.6 Percent per annum (2029)
- GDP (constant 2015 US$), annual growth rate 1.88 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8163 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 548.16 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 542.49 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 364,284 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 28.44 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP -0.0237 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Malawi?
- Current account balance as a proportion of gdp in Malawi was -17.9 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Malawi?
- The highest recorded value was -2.4 in 2001.
- What is the lowest current account balance as a proportion of gdp recorded in Malawi?
- The lowest recorded value was -17.9 in 2023.
- How does Malawi rank for current account balance as a proportion of gdp?
- Malawi ranks 183rd out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Malawi?
- Over the last ten years it is down 16.3%. The long-run trend across the full record is falling.
- Where does this Malawi data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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