Gross Domestic Product … Standard Local Currency annual growth rate in Malawi
Malawi: Gross Domestic Product … Standard Local Currency annual growth rate was 1.83 % change on previous year in 2024. ◆ Volatile
Latest (2024)
1.83 % change on previous year
Change on year
up 24.5%
World rank
156th
of 223 countries
All-time high
14.38 % change on previous year
in 1971
All-time low
-11.59 % change on previous year
in 1994
Years of data
54
1971–2024
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Malawi, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Malawi recorded 1.83 % change on previous year for gross domestic product — value standard local currency, 2015 prices in 2024.
The figure is up 24.5% on the previous year and down 84.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Malawi peaked at 14.38 % change on previous year in 1971 and was at its lowest, -11.59 % change on previous year, in 1994.
That places Malawi 156th out of 223 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product … Standard Local Currency annual growth rate in Malawi, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 14.38 % change on previous year | — |
| 1972 | 10.17 % change on previous year | -29.3% |
| 1973 | 2.3 % change on previous year | -77.4% |
| 1974 | 7.44 % change on previous year | +223.5% |
| 1975 | 5.53 % change on previous year | -25.7% |
| 1976 | 6.22 % change on previous year | +12.6% |
| 1977 | 4.34 % change on previous year | -30.3% |
| 1978 | 8.32 % change on previous year | +91.7% |
| 1979 | 3.33 % change on previous year | -60.0% |
| 1980 | 9.37 % change on previous year | +181.7% |
| 1981 | -10.81 % change on previous year | -215.3% |
| 1982 | 1.44 % change on previous year | -113.3% |
| 1983 | 4.22 % change on previous year | +192.2% |
| 1984 | 3.92 % change on previous year | -7.0% |
| 1985 | 4.71 % change on previous year | +20.1% |
| 1986 | 2.03 % change on previous year | -56.8% |
| 1987 | -0.9908 % change on previous year | -148.7% |
| 1988 | 3.29 % change on previous year | -431.9% |
| 1989 | 4.06 % change on previous year | +23.6% |
| 1990 | 4.77 % change on previous year | +17.4% |
| 1991 | 7.8 % change on previous year | +63.5% |
| 1992 | -7.92 % change on previous year | -201.5% |
| 1993 | 10.77 % change on previous year | -236.0% |
| 1994 | -11.59 % change on previous year | -207.6% |
| 1995 | 9.02 % change on previous year | -177.9% |
| 1996 | 9.67 % change on previous year | +7.2% |
| 1997 | 3.79 % change on previous year | -60.8% |
| 1998 | 1.2 % change on previous year | -68.3% |
| 1999 | 1.24 % change on previous year | +3.1% |
| 2000 | 1.58 % change on previous year | +27.4% |
| 2001 | -4.79 % change on previous year | -403.6% |
| 2002 | 2.65 % change on previous year | -155.4% |
| 2003 | 5.71 % change on previous year | +114.9% |
| 2004 | 5.42 % change on previous year | -5.0% |
| 2005 | 3.27 % change on previous year | -39.7% |
| 2006 | 4.7 % change on previous year | +43.8% |
| 2007 | 9.6 % change on previous year | +104.3% |
| 2008 | 7.64 % change on previous year | -20.4% |
| 2009 | 8.33 % change on previous year | +9.0% |
| 2010 | 6.87 % change on previous year | -17.5% |
| 2011 | 10.12 % change on previous year | +47.2% |
| 2012 | 4.39 % change on previous year | -56.6% |
| 2013 | 11.59 % change on previous year | +164.2% |
| 2014 | 11.54 % change on previous year | -0.4% |
| 2015 | 8.46 % change on previous year | -26.7% |
| 2016 | 7.84 % change on previous year | -7.4% |
| 2017 | 10.5 % change on previous year | +34.0% |
| 2018 | 4.35 % change on previous year | -58.5% |
| 2019 | 5.72 % change on previous year | +31.3% |
| 2020 | 0.7936 % change on previous year | -86.1% |
| 2021 | 4.56 % change on previous year | +474.4% |
| 2022 | 1.21 % change on previous year | -73.4% |
| 2023 | 1.47 % change on previous year | +21.1% |
| 2024 | 1.83 % change on previous year | +24.5% |
Malawi compared with similar countries
- Malawi's 1.83 % change on previous year is below the median for low income countries, which is 4 % change on previous year, 46% of the median. (23 countries reporting)
- Malawi's 1.83 % change on previous year is below the median for Sub-Saharan Africa, which is 4 % change on previous year, 46% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.89 % change on previous year | 2.3 % change on previous year | 14.38 % change on previous year | 9 |
| 1980s | 2.12 % change on previous year | -10.81 % change on previous year | 9.37 % change on previous year | 10 |
| 1990s | 2.88 % change on previous year | -11.59 % change on previous year | 10.77 % change on previous year | 10 |
| 2000s | 4.41 % change on previous year | -4.79 % change on previous year | 9.6 % change on previous year | 10 |
| 2010s | 8.14 % change on previous year | 4.35 % change on previous year | 11.59 % change on previous year | 10 |
| 2020s | 1.97 % change on previous year | 0.7936 % change on previous year | 4.56 % change on previous year | 5 |
Countries ranked near Malawi
- 153 Tonga 2.02 % change on previous year compare
- 154 Portugal 1.93 % change on previous year compare
- 155 Mozambique 1.85 % change on previous year compare
- 157 Saudi Arabia 1.81 % change on previous year compare
- 158 Nauru 1.76 % change on previous year compare
- 158 Nauru 1.76 % change on previous year compare
More economy & growth data for Malawi
- Real gdp growth, annual growth rate -14.03 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -12.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.0151 units per person (2025)
- SDRs holdings, SDR, annual growth rate -16.34 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.0111 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Malawi?
- Gross domestic product — value standard local currency, 2015 prices in Malawi was 1.83 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Malawi?
- The highest recorded value was 14.38 % change on previous year in 1971.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Malawi?
- The lowest recorded value was -11.59 % change on previous year in 1994.
- How does Malawi rank for gross domestic product — value standard local currency, 2015 prices?
- Malawi ranks 156th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Malawi?
- Over the last ten years it is down 84.2%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.