Divergence of GDP per capita among latecomers to the capitalist revolution in Malawi
Malawi: Divergence of GDP per capita among latecomers to the capitalist revolution was 1,117 2011$ in 2018. ▲ Rising
Latest (2018)
1,117 2011$
Change on year
down 0.2%
World rank
141st
of 145 countries
All-time high
1,129 2011$
in 2014
All-time low
516 2011$
in 1950
Years of data
69
1950–2018
Divergence of GDP per capita among latecomers to the capitalist revolution in Malawi, 1950–2018
Source: Maddison Project Database (2018) – processed by Our World in Data. Measured in 2011$.
Analysis
The most recent figure for divergence of gdp per capita among latecomers to the capitalist revolution in Malawi is 1,117 2011$, measured in 2018.
The figure is down 0.2% on the previous year and up 9.7% over ten years.
Over the whole period, divergence of gdp per capita among latecomers to the capitalist revolution in Malawi peaked at 1,129 2011$ in 2014 and was at its lowest, 516 2011$, in 1950.
That places Malawi 141st out of 145 countries with data for 2018, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 69 years of available data.
Divergence of GDP per capita among latecomers to the capitalist revolution in Malawi, year by year
| Year | 2011$ | Change |
|---|---|---|
| 1950 | 516 2011$ | — |
| 1951 | 529 2011$ | +2.5% |
| 1952 | 540 2011$ | +2.1% |
| 1953 | 553 2011$ | +2.4% |
| 1954 | 566 2011$ | +2.4% |
| 1955 | 564 2011$ | -0.4% |
| 1956 | 599 2011$ | +6.2% |
| 1957 | 610 2011$ | +1.8% |
| 1958 | 618 2011$ | +1.3% |
| 1959 | 626 2011$ | +1.3% |
| 1960 | 628 2011$ | +0.3% |
| 1961 | 644 2011$ | +2.5% |
| 1962 | 626 2011$ | -2.8% |
| 1963 | 599 2011$ | -4.3% |
| 1964 | 572 2011$ | -4.5% |
| 1965 | 633 2011$ | +10.7% |
| 1966 | 679 2011$ | +7.3% |
| 1967 | 725 2011$ | +6.8% |
| 1968 | 697 2011$ | -3.9% |
| 1969 | 722 2011$ | +3.6% |
| 1970 | 713 2011$ | -1.2% |
| 1971 | 794 2011$ | +11.4% |
| 1972 | 851 2011$ | +7.2% |
| 1973 | 896 2011$ | +5.3% |
| 1974 | 928 2011$ | +3.6% |
| 1975 | 934 2011$ | +0.6% |
| 1976 | 942 2011$ | +0.9% |
| 1977 | 961 2011$ | +2.0% |
| 1978 | 1,015 2011$ | +5.6% |
| 1979 | 1,030 2011$ | +1.5% |
| 1980 | 1,004 2011$ | -2.5% |
| 1981 | 925 2011$ | -7.9% |
| 1982 | 904 2011$ | -2.3% |
| 1983 | 913 2011$ | +1.0% |
| 1984 | 925 2011$ | +1.3% |
| 1985 | 966 2011$ | +4.4% |
| 1986 | 936 2011$ | -3.1% |
| 1987 | 905 2011$ | -3.3% |
| 1988 | 872 2011$ | -3.6% |
| 1989 | 864 2011$ | -0.9% |
| 1990 | 861 2011$ | -0.3% |
| 1991 | 899.98 2011$ | +4.5% |
| 1992 | 802.93 2011$ | -10.8% |
| 1993 | 865.76 2011$ | +7.8% |
| 1994 | 791.55 2011$ | -8.6% |
| 1995 | 906.88 2011$ | +14.6% |
| 1996 | 972.82 2011$ | +7.3% |
| 1997 | 1,006 2011$ | +3.4% |
| 1998 | 986.03 2011$ | -2.0% |
| 1999 | 989.84 2011$ | +0.4% |
| 2000 | 967.09 2011$ | -2.3% |
| 2001 | 899.23 2011$ | -7.0% |
| 2002 | 886.2 2011$ | -1.4% |
| 2003 | 905.79 2011$ | +2.2% |
| 2004 | 922.76 2011$ | +1.9% |
| 2005 | 920.05 2011$ | -0.3% |
| 2006 | 929.48 2011$ | +1.0% |
| 2007 | 982.39 2011$ | +5.7% |
| 2008 | 1,018 2011$ | +3.6% |
| 2009 | 1,062 2011$ | +4.3% |
| 2010 | 1,092 2011$ | +2.8% |
| 2011 | 1,102 2011$ | +1.0% |
| 2012 | 1,085 2011$ | -1.5% |
| 2013 | 1,104 2011$ | +1.8% |
| 2014 | 1,129 2011$ | +2.3% |
| 2015 | 1,124 2011$ | -0.4% |
| 2016 | 1,112 2011$ | -1.1% |
| 2017 | 1,119 2011$ | +0.6% |
| 2018 | 1,117 2011$ | -0.2% |
Malawi compared with similar countries
- Malawi's 1,117 2011$ is below the median for low income countries, which is 1,628 2011$, 69% of the median. (18 countries reporting)
- Malawi's 1,117 2011$ is below the median for Sub-Saharan Africa, which is 2,046 2011$, 55% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 572.1 2011$ | 516 2011$ | 626 2011$ | 10 |
| 1960s | 652.5 2011$ | 572 2011$ | 725 2011$ | 10 |
| 1970s | 906.4 2011$ | 713 2011$ | 1,030 2011$ | 10 |
| 1980s | 921.4 2011$ | 864 2011$ | 1,004 2011$ | 10 |
| 1990s | 908.26 2011$ | 791.55 2011$ | 1,006 2011$ | 10 |
| 2000s | 949.28 2011$ | 886.2 2011$ | 1,062 2011$ | 10 |
| 2010s | 1,109 2011$ | 1,085 2011$ | 1,129 2011$ | 9 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 56.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.61 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 257.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 20.57 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0228 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 11.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -29.8 % change on previous year (2020)
Frequently asked questions
- What is divergence of gdp per capita among latecomers to the capitalist revolution in Malawi?
- Divergence of gdp per capita among latecomers to the capitalist revolution in Malawi was 1,117 2011$ in 2018, according to Maddison Project Database (2018) – processed by Our World in Data.
- What is the highest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Malawi?
- The highest recorded value was 1,129 2011$ in 2014.
- What is the lowest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Malawi?
- The lowest recorded value was 516 2011$ in 1950.
- How does Malawi rank for divergence of gdp per capita among latecomers to the capitalist revolution?
- Malawi ranks 141st out of 145 countries with data for 2018.
- Is divergence of gdp per capita among latecomers to the capitalist revolution rising or falling in Malawi?
- Over the last ten years it is up 9.7%. The long-run trend across the full record is rising.
- Where does this Malawi data come from?
- The figures come from Maddison Project Database (2018) – processed by Our World in Data, published as part of Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid updates them automatically from the source API.
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About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]