Gross Domestic Product — Value Standard Local Currency in Malawi
Malawi: Gross Domestic Product — Value Standard Local Currency was 19.01 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Malawi, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Malawi recorded 19.01 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 29.7% on the previous year and up 516.6% over ten years.
Over the whole period, gross domestic product — value standard local currency in Malawi peaked at 19.01 million million SLC in 2024 and was at its lowest, 482.63 million SLC, in 1970.
That places Malawi 45th out of 218 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Malawi, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 482.63 million SLC | — |
| 1971 | 605.32 million SLC | +25.4% |
| 1972 | 667.3 million SLC | +10.2% |
| 1973 | 657.72 million SLC | -1.4% |
| 1974 | 833.89 million SLC | +26.8% |
| 1975 | 957.13 million SLC | +14.8% |
| 1976 | 1,106 million SLC | +15.5% |
| 1977 | 1,315 million SLC | +19.0% |
| 1978 | 1,447 million SLC | +10.0% |
| 1979 | 1,503 million SLC | +3.9% |
| 1980 | 1,816 million SLC | +20.8% |
| 1981 | 2,002 million SLC | +10.2% |
| 1982 | 2,231 million SLC | +11.4% |
| 1983 | 2,589 million SLC | +16.0% |
| 1984 | 3,050 million SLC | +17.8% |
| 1985 | 3,486 million SLC | +14.3% |
| 1986 | 3,953 million SLC | +13.4% |
| 1987 | 4,900 million SLC | +23.9% |
| 1988 | 6,334 million SLC | +29.3% |
| 1989 | 8,197 million SLC | +29.4% |
| 1990 | 8,641 million SLC | +5.4% |
| 1991 | 10,255 million SLC | +18.7% |
| 1992 | 11,837 million SLC | +15.4% |
| 1993 | 15,904 million SLC | +34.4% |
| 1994 | 18,646 million SLC | +17.2% |
| 1995 | 37,807 million SLC | +102.8% |
| 1996 | 61,287 million SLC | +62.1% |
| 1997 | 79,134 million SLC | +29.1% |
| 1998 | 99,882 million SLC | +26.2% |
| 1999 | 141,478 million SLC | +41.6% |
| 2000 | 187,585 million SLC | +32.6% |
| 2001 | 223,927 million SLC | +19.4% |
| 2002 | 268,066 million SLC | +19.7% |
| 2003 | 312,677 million SLC | +16.6% |
| 2004 | 378,564 million SLC | +21.1% |
| 2005 | 432,930 million SLC | +14.4% |
| 2006 | 543,784 million SLC | +25.6% |
| 2007 | 620,422 million SLC | +14.1% |
| 2008 | 747,723 million SLC | +20.5% |
| 2009 | 873,982 million SLC | +16.9% |
| 2010 | 1.05 million million SLC | +19.8% |
| 2011 | 1.32 million million SLC | +25.6% |
| 2012 | 1.57 million million SLC | +19.5% |
| 2013 | 2.23 million million SLC | +42.1% |
| 2014 | 3.08 million million SLC | +38.1% |
| 2015 | 4.10 million million SLC | +33.1% |
| 2016 | 5.11 million million SLC | +24.6% |
| 2017 | 6.53 million million SLC | +27.7% |
| 2018 | 7.23 million million SLC | +10.8% |
| 2019 | 8.24 million million SLC | +13.9% |
| 2020 | 8.82 million million SLC | +7.1% |
| 2021 | 9.98 million million SLC | +13.1% |
| 2022 | 11.85 million million SLC | +18.8% |
| 2023 | 14.66 million million SLC | +23.7% |
| 2024 | 19.01 million million SLC | +29.7% |
Malawi compared with similar countries
- Malawi's 19.01 million million SLC is above the median for low income countries, which is 11.93 million million SLC, 1.6× the median. (23 countries reporting)
- Malawi's 19.01 million million SLC is above the median for Sub-Saharan Africa, which is 8.81 million million SLC, 2.2× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency in Malawi changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +102.8% | 18,646 million SLC | 37,807 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 957.52 million SLC | 482.63 million SLC | 1,503 million SLC | 10 |
| 1980s | 3,856 million SLC | 1,816 million SLC | 8,197 million SLC | 10 |
| 1990s | 48,487 million SLC | 8,641 million SLC | 141,478 million SLC | 10 |
| 2000s | 458,966 million SLC | 187,585 million SLC | 873,982 million SLC | 10 |
| 2010s | 4.05 million million SLC | 1.05 million million SLC | 8.24 million million SLC | 10 |
| 2020s | 12.86 million million SLC | 8.82 million million SLC | 19.01 million million SLC | 5 |
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 gross domestic product — value standard local currency in Malawi?
- Gross domestic product — value standard local currency in Malawi was 19.01 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Malawi?
- The highest recorded value was 19.01 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Malawi?
- The lowest recorded value was 482.63 million SLC in 1970.
- How does Malawi rank for gross domestic product — value standard local currency?
- Malawi ranks 45th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Malawi?
- Over the last ten years it is up 516.6%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).