Gross Domestic Product — Value US$ in Malawi
Malawi: Gross Domestic Product — Value US$ was 10,928 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Malawi, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Malawi is 10,928 million USD, measured in 2024.
Compared with earlier readings it is down 13.5% on the previous year and up 50.6% over ten years.
Over the whole period, gross domestic product — value us$ in Malawi peaked at 12,627 million USD in 2023 and was at its lowest, 579.15 million USD, in 1970.
Malawi ranks 169th of 236 countries on this measure, 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 — Value US$ in Malawi, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 579.15 million USD | — |
| 1971 | 728.51 million USD | +25.8% |
| 1972 | 832.5 million USD | +14.3% |
| 1973 | 802.82 million USD | -3.6% |
| 1974 | 991.31 million USD | +23.5% |
| 1975 | 1,108 million USD | +11.8% |
| 1976 | 1,211 million USD | +9.3% |
| 1977 | 1,457 million USD | +20.3% |
| 1978 | 1,715 million USD | +17.7% |
| 1979 | 1,840 million USD | +7.3% |
| 1980 | 2,236 million USD | +21.5% |
| 1981 | 2,236 million USD | +0.0% |
| 1982 | 2,114 million USD | -5.5% |
| 1983 | 2,204 million USD | +4.3% |
| 1984 | 2,158 million USD | -2.1% |
| 1985 | 2,028 million USD | -6.0% |
| 1986 | 2,124 million USD | +4.8% |
| 1987 | 2,218 million USD | +4.4% |
| 1988 | 2,473 million USD | +11.5% |
| 1989 | 2,970 million USD | +20.1% |
| 1990 | 3,166 million USD | +6.6% |
| 1991 | 3,658 million USD | +15.5% |
| 1992 | 3,285 million USD | -10.2% |
| 1993 | 3,612 million USD | +10.0% |
| 1994 | 2,134 million USD | -40.9% |
| 1995 | 2,474 million USD | +15.9% |
| 1996 | 2,975 million USD | +20.3% |
| 1997 | 3,141 million USD | +5.6% |
| 1998 | 3,214 million USD | +2.3% |
| 1999 | 3,209 million USD | -0.2% |
| 2000 | 3,150 million USD | -1.8% |
| 2001 | 3,102 million USD | -1.5% |
| 2002 | 3,496 million USD | +12.7% |
| 2003 | 3,209 million USD | -8.2% |
| 2004 | 3,476 million USD | +8.3% |
| 2005 | 3,656 million USD | +5.2% |
| 2006 | 3,998 million USD | +9.4% |
| 2007 | 4,433 million USD | +10.9% |
| 2008 | 5,321 million USD | +20.0% |
| 2009 | 6,191 million USD | +16.4% |
| 2010 | 6,960 million USD | +12.4% |
| 2011 | 8,406 million USD | +20.8% |
| 2012 | 6,310 million USD | -24.9% |
| 2013 | 6,128 million USD | -2.9% |
| 2014 | 7,256 million USD | +18.4% |
| 2015 | 8,216 million USD | +13.2% |
| 2016 | 7,124 million USD | -13.3% |
| 2017 | 8,944 million USD | +25.5% |
| 2018 | 9,879 million USD | +10.5% |
| 2019 | 11,052 million USD | +11.9% |
| 2020 | 11,769 million USD | +6.5% |
| 2021 | 12,378 million USD | +5.2% |
| 2022 | 12,486 million USD | +0.9% |
| 2023 | 12,627 million USD | +1.1% |
| 2024 | 10,928 million USD | -13.5% |
Malawi compared with similar countries
- Malawi's 10,928 million USD is below the median for low income countries, which is 14,019 million USD, 78% of the median. (23 countries reporting)
- Malawi's 10,928 million USD is below the median for Sub-Saharan Africa, which is 17,421 million USD, 63% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,127 million USD | 579.15 million USD | 1,840 million USD | 10 |
| 1980s | 2,276 million USD | 2,028 million USD | 2,970 million USD | 10 |
| 1990s | 3,087 million USD | 2,134 million USD | 3,658 million USD | 10 |
| 2000s | 4,003 million USD | 3,102 million USD | 6,191 million USD | 10 |
| 2010s | 8,027 million USD | 6,128 million USD | 11,052 million USD | 10 |
| 2020s | 12,038 million USD | 10,928 million USD | 12,627 million USD | 5 |
Countries ranked near Malawi
- 166 South Sudan 12,979 million USD compare
- 167 Equatorial Guinea 12,538 million USD compare
- 168 Somalia 12,506 million USD compare
- 170 Mauritania 10,766 million USD compare
- 171 Monaco 10,764 million USD compare
- 172 Ethiopia PDR 10,722 million USD compare
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Malawi?
- Gross domestic product — value us$ in Malawi was 10,928 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Malawi?
- The highest recorded value was 12,627 million USD in 2023.
- What is the lowest gross domestic product — value us$ recorded in Malawi?
- The lowest recorded value was 579.15 million USD in 1970.
- How does Malawi rank for gross domestic product — value us$?
- Malawi ranks 169th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Malawi?
- Over the last ten years it is up 50.6%. 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 US$. Statizoid updates them automatically from the source API.
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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).