Gross savings in Malawi
Malawi: Gross savings was -2.0% in 2024. ◆ Volatile
Gross savings in Malawi, 2017–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Malawi recorded -2.0% for gross savings in 2024.
The figure is down 92.6% on the previous year and down 151.4% over ten years.
Malawi ranks 173rd of 177 countries on this measure, in the bottom quarter.
Gross savings in Malawi, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 3.9% | — |
| 2018 | 3.8% | -0.6% |
| 2019 | 9.9% | +156.1% |
| 2020 | 2.7% | -72.9% |
| 2021 | 1.3% | -51.0% |
| 2022 | -2.5% | -292.3% |
| 2023 | -1.0% | -59.1% |
| 2024 | -2.0% | +92.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.9% | 3.8% | 9.9% | 3 |
| 2020s | -0.3% | -2.5% | 2.7% | 5 |
Countries ranked near Malawi
- 170 Seychelles 2.5% compare
- 171 Mozambique 1.7% compare
- 172 Solomon Islands 1.1% compare
- 174 Yemen -4.5%
- 175 Lebanon -12.5% compare
- 176 Palau -13.0% 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)
- Services, value added (current US$), annual growth rate 45.12 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4866 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 326.79 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 46.16 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 852.01 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 572,135 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.15 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4481 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Malawi?
- Gross savings in Malawi was -2.0% 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 9.9% in 2019.
- What is the lowest gross savings recorded in Malawi?
- The lowest recorded value was -2.5% in 2022.
- How does Malawi rank for gross savings?
- Malawi ranks 173rd out of 177 countries with data for 2024.
- Is gross savings rising or falling in Malawi?
- Over the last ten years it is down 151.4%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.