Gross savings in Malawi
Malawi: Gross savings was -391.10 billion current LCU in 2024. ◆ Volatile
Gross savings in Malawi, 2017–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Malawi is -391.10 billion current LCU, measured in 2024. That is the lowest value across all 8 years on record.
The figure is down 144.1% on the previous year and down 254.7% over ten years.
Malawi ranks 176th of 178 countries on this measure, in the bottom quarter.
Gross savings in Malawi, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 252.85 billion current LCU | — |
| 2018 | 278.54 billion current LCU | +10.2% |
| 2019 | 812.27 billion current LCU | +191.6% |
| 2020 | 236.01 billion current LCU | -70.9% |
| 2021 | 130.88 billion current LCU | -44.5% |
| 2022 | -297.54 billion current LCU | -327.3% |
| 2023 | -160.25 billion current LCU | -46.1% |
| 2024 | -391.10 billion current LCU | +144.1% |
Malawi compared with similar countries
- Malawi's -391.10 billion current LCU is below the median for low income countries, which is 942.05 billion current LCU. (20 countries reporting)
- Malawi's -391.10 billion current LCU is below the median for Sub-Saharan Africa, which is 841.37 billion current LCU. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 447.88 billion current LCU | 252.85 billion current LCU | 812.27 billion current LCU | 3 |
| 2020s | -96.40 billion current LCU | -391.10 billion current LCU | 236.01 billion current LCU | 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 savings in Malawi?
- Gross savings in Malawi was -391.10 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Malawi?
- The highest recorded value was 812.27 billion current LCU in 2019.
- What is the lowest gross savings recorded in Malawi?
- The lowest recorded value was -391.10 billion current LCU in 2024.
- How does Malawi rank for gross savings?
- Malawi ranks 176th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Malawi?
- Over the last ten years it is down 254.7%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.