Service imports in Malawi
Malawi: Service imports was 894.57 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
894.57 million BoP, current US$
Change on year
down 11.0%
World rank
158th
of 200 countries
All-time high
1.01 billion BoP, current US$
in 2023
All-time low
117.51 million BoP, current US$
in 1977
Years of data
48
1977–2024
Service imports in Malawi, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service imports in Malawi is 894.57 million BoP, current US$, measured in 2024.
Compared with earlier readings it is down 11.0% on the previous year and up 232.8% over ten years.
Over the whole period, service imports in Malawi peaked at 1.01 billion BoP, current US$ in 2023 and was at its lowest, 117.51 million BoP, current US$, in 1977.
Malawi ranks 158th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports in Malawi, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 117.51 million BoP, current US$ | — |
| 1978 | 119.35 million BoP, current US$ | +1.6% |
| 1979 | 133.19 million BoP, current US$ | +11.6% |
| 1980 | 178.55 million BoP, current US$ | +34.1% |
| 1981 | 146.77 million BoP, current US$ | -17.8% |
| 1982 | 122.97 million BoP, current US$ | -16.2% |
| 1983 | 127.77 million BoP, current US$ | +3.9% |
| 1984 | 141.65 million BoP, current US$ | +10.9% |
| 1985 | 143.27 million BoP, current US$ | +1.1% |
| 1986 | 130.52 million BoP, current US$ | -8.9% |
| 1987 | 143.61 million BoP, current US$ | +10.0% |
| 1988 | 197.87 million BoP, current US$ | +37.8% |
| 1989 | 231.27 million BoP, current US$ | +16.9% |
| 1990 | 268.43 million BoP, current US$ | +16.1% |
| 1991 | 356.47 million BoP, current US$ | +32.8% |
| 1992 | 338.83 million BoP, current US$ | -4.9% |
| 1993 | 260.06 million BoP, current US$ | -23.2% |
| 1994 | 147.72 million BoP, current US$ | -43.2% |
| 1995 | 151.42 million BoP, current US$ | +2.5% |
| 1996 | 185.75 million BoP, current US$ | +22.7% |
| 1997 | 219.20 million BoP, current US$ | +18.0% |
| 1998 | 161.55 million BoP, current US$ | -26.3% |
| 1999 | 184.72 million BoP, current US$ | +14.3% |
| 2000 | 167.12 million BoP, current US$ | -9.5% |
| 2001 | 171.41 million BoP, current US$ | +2.6% |
| 2002 | 221.89 million BoP, current US$ | +29.5% |
| 2003 | 147.76 million BoP, current US$ | -33.4% |
| 2004 | 149.64 million BoP, current US$ | +1.3% |
| 2005 | 159.37 million BoP, current US$ | +6.5% |
| 2006 | 159.26 million BoP, current US$ | -0.1% |
| 2007 | 152.61 million BoP, current US$ | -4.2% |
| 2008 | 188.32 million BoP, current US$ | +23.4% |
| 2009 | 229.17 million BoP, current US$ | +21.7% |
| 2010 | 239.91 million BoP, current US$ | +4.7% |
| 2011 | 249.80 million BoP, current US$ | +4.1% |
| 2012 | 227.44 million BoP, current US$ | -9.0% |
| 2013 | 245.08 million BoP, current US$ | +7.8% |
| 2014 | 268.77 million BoP, current US$ | +9.7% |
| 2015 | 292.63 million BoP, current US$ | +8.9% |
| 2016 | 249.07 million BoP, current US$ | -14.9% |
| 2017 | 361.43 million BoP, current US$ | +45.1% |
| 2018 | 389.15 million BoP, current US$ | +7.7% |
| 2019 | 458.76 million BoP, current US$ | +17.9% |
| 2020 | 587.22 million BoP, current US$ | +28.0% |
| 2021 | 594.34 million BoP, current US$ | +1.2% |
| 2022 | 962.53 million BoP, current US$ | +61.9% |
| 2023 | 1.01 billion BoP, current US$ | +4.4% |
| 2024 | 894.57 million BoP, current US$ | -11.0% |
Malawi compared with similar countries
- Malawi's 894.57 million BoP, current US$ is below the median for low income countries, which is 1.11 billion BoP, current US$, 81% of the median. (23 countries reporting)
- Malawi's 894.57 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 1.54 billion BoP, current US$, 58% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 123.35 million BoP, current US$ | 117.51 million BoP, current US$ | 133.19 million BoP, current US$ | 3 |
| 1980s | 156.42 million BoP, current US$ | 122.97 million BoP, current US$ | 231.27 million BoP, current US$ | 10 |
| 1990s | 227.41 million BoP, current US$ | 147.72 million BoP, current US$ | 356.47 million BoP, current US$ | 10 |
| 2000s | 174.66 million BoP, current US$ | 147.76 million BoP, current US$ | 229.17 million BoP, current US$ | 10 |
| 2010s | 298.20 million BoP, current US$ | 227.44 million BoP, current US$ | 458.76 million BoP, current US$ | 10 |
| 2020s | 808.75 million BoP, current US$ | 587.22 million BoP, current US$ | 1.01 billion BoP, current US$ | 5 |
Countries ranked near Malawi
- 155 Fiji 995.84 million BoP, current US$ compare
- 156 Rwanda 990.89 million BoP, current US$ compare
- 157 Curacao 934.55 million BoP, current US$ compare
- 159 San Marino 894.03 million BoP, current US$ compare
- 160 Djibouti 729.63 million BoP, current US$ compare
- 161 Barbados 686.96 million BoP, current US$ 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)
- 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$), annual growth rate -29.8 % change on previous year (2020)
Frequently asked questions
- What is service imports in Malawi?
- Service imports in Malawi was 894.57 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service imports recorded in Malawi?
- The highest recorded value was 1.01 billion BoP, current US$ in 2023.
- What is the lowest service imports recorded in Malawi?
- The lowest recorded value was 117.51 million BoP, current US$ in 1977.
- How does Malawi rank for service imports?
- Malawi ranks 158th out of 200 countries with data for 2024.
- Is service imports rising or falling in Malawi?
- Over the last ten years it is up 232.8%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of services are services provided by non-residents to residents. 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.