Gross savings in Malawi
Malawi: Gross savings was -224.99 million current US$ in 2024. ◆ Volatile
Gross savings in Malawi, 2017–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Malawi is -224.99 million current US$, measured in 2024.
The figure is down 63.0% on the previous year and down 165.0% over ten years.
Malawi ranks 175th of 178 countries on this measure, in the bottom quarter.
Gross savings in Malawi, year by year
| Year | current US$ | Change |
|---|---|---|
| 2017 | 346.24 million current US$ | — |
| 2018 | 380.34 million current US$ | +9.9% |
| 2019 | 1.09 billion current US$ | +186.5% |
| 2020 | 314.88 million current US$ | -71.1% |
| 2021 | 162.41 million current US$ | -48.4% |
| 2022 | -313.52 million current US$ | -293.0% |
| 2023 | -138.02 million current US$ | -56.0% |
| 2024 | -224.99 million current US$ | +63.0% |
Malawi compared with similar countries
- Malawi's -224.99 million current US$ is below the median for low income countries, which is 2.01 billion current US$. (20 countries reporting)
- Malawi's -224.99 million current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 605.36 million current US$ | 346.24 million current US$ | 1.09 billion current US$ | 3 |
| 2020s | -39.85 million current US$ | -313.52 million current US$ | 314.88 million current US$ | 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$), annual growth rate -29.8 % change on previous year (2020)
Frequently asked questions
- What is gross savings in Malawi?
- Gross savings in Malawi was -224.99 million current US$ 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 1.09 billion current US$ in 2019.
- What is the lowest gross savings recorded in Malawi?
- The lowest recorded value was -313.52 million current US$ in 2022.
- How does Malawi rank for gross savings?
- Malawi ranks 175th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Malawi?
- Over the last ten years it is down 165.0%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.