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Malawi

Republic of Malawi

English, Chichewa Malawian Kwacha (MWK) English common law
AU, SADC, COMESA, AfCFTA, Commonwealth, WTO

Malawi is a small, landlocked economy heavily dependent on agriculture, particularly tobacco (largest export), tea, sugar, and macadamia nuts. The country has limited mineral resources but is exploring uranium (Kayelekera mine) and rare earth deposits. Lake Malawi is a major tourism asset. Challenges include extreme poverty, infrastructure deficits, currency volatility (kwacha devalued significantly in 2022-2023), and climate vulnerability. The Malawi Investment and Trade Centre (MITC) facilitates foreign investment.

Snapshot

Population~22.2 MWorld Bank, 2025
GDP (current USD)$14.9 BWorld Bank, 2025
GDP per Capita$672World Bank, 2025
GDP Growth1.89%World Bank, 2025
Inflation (y/y)~28.37%World Bank, 2025
Policy rate (Reserve Bank)26.00%Central Bank
Unemployment5.07%World Bank, ILO modelled estimate, 2025
Internet Use~18.96%World Bank, 2024
Electrification~14.00%World Bank WDI
CPI Score (Rank)34.0/100 (#110)Transparency Intl
HDI (Rank)0.508 (#172)UNDP HDR

World Bank Indicators Compare with another country

GDP (current USD)$14.9 BWorld Bank, 2025
GDP growth (annual)1.89%World Bank, 2025
GDP per capita (USD)$672World Bank, 2025
Population, total22.2 MWorld Bank, 2025
FDI net inflows (USD)$258.0 MWorld Bank, 2024
Inflation (consumer prices)28.37%World Bank, 2025
Unemployment (% labour force)5.07%World Bank, 2025
Internet use (% of people)18.96%World Bank, 2024
Trade (% of GDP)39.40%World Bank, 2025

Country Facts

CapitalLilongwe
RegionSouthern Africa
CurrencyMalawian Kwacha (MWK)
FX RegimeManaged float
Investment Promotion AgencyMalawi Investment and Trade Centre (MITC)
Legal SystemEnglish common law
Time ZoneAfrica/Blantyre

Focus Sectors

Tobacco
Tea
Sugar
Agriculture
Mining (uranium
rare earths)
Tourism
Manufacturing
Financial Services
Energy
Telecoms

Regulations & Taxes

Corporate Income Tax30% standard
VAT / Sales Tax16.5% standard