Personal remittances, received in Malawi
Malawi: Personal remittances, received was 1.7% in 2024. ◆ Volatile
Personal remittances, received in Malawi, 1994–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Malawi stood at 1.7%.
The figure is up 22.0% on the previous year and up 277.6% over ten years.
Over the whole period, personal remittances, received in Malawi peaked at 2.6% in 2021 and was at its lowest, 0.0%, in 2002.
That places Malawi 111th out of 195 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Malawi, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 0.0% | — |
| 1995 | 0.0% | -42.3% |
| 1996 | 0.0% | -24.2% |
| 1997 | 0.0% | -1.4% |
| 1998 | 0.0% | +52.5% |
| 1999 | 0.0% | -1.4% |
| 2000 | 0.0% | +1.9% |
| 2001 | 0.0% | +1.6% |
| 2002 | 0.0% | -44.5% |
| 2003 | 0.3% | +1696.4% |
| 2004 | 0.4% | +21.6% |
| 2005 | 0.4% | +16.9% |
| 2006 | 0.3% | -40.0% |
| 2007 | 0.3% | +28.1% |
| 2008 | 0.2% | -33.9% |
| 2009 | 0.2% | -14.1% |
| 2010 | 0.2% | +16.3% |
| 2011 | 0.2% | +1.1% |
| 2012 | 0.3% | +48.4% |
| 2013 | 0.4% | +31.7% |
| 2014 | 0.4% | +2.9% |
| 2015 | 0.5% | +2.9% |
| 2016 | 0.5% | +9.7% |
| 2017 | 0.9% | +78.6% |
| 2018 | 1.8% | +107.8% |
| 2019 | 2.5% | +38.7% |
| 2020 | 2.0% | -22.6% |
| 2021 | 2.6% | +30.8% |
| 2022 | 2.1% | -17.4% |
| 2023 | 1.4% | -36.4% |
| 2024 | 1.7% | +22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 6 |
| 2000s | 0.2% | 0.0% | 0.4% | 10 |
| 2010s | 0.8% | 0.2% | 2.5% | 10 |
| 2020s | 1.9% | 1.4% | 2.6% | 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)
- Industry (including construction), value added (constant 2015 US$) 2 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1481 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 99.42 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 101.32 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 68,036 constant LCU per person (2025)
- 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)
Frequently asked questions
- What is personal remittances, received in Malawi?
- Personal remittances, received in Malawi was 1.7% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Malawi?
- The highest recorded value was 2.6% in 2021.
- What is the lowest personal remittances, received recorded in Malawi?
- The lowest recorded value was 0.0% in 2002.
- How does Malawi rank for personal remittances, received?
- Malawi ranks 111th out of 195 countries with data for 2024.
- Is personal remittances, received rising or falling in Malawi?
- Over the last ten years it is up 277.6%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.