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Malawi

67 series · 1800–2025 · Low income · Sub-Saharan Africa

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National accounts

VariableCodeCoverageLatest
Nominal GDPMillions of local currencynGDP1954–202527,064,912 (2025)
Nominal GDP (USD)Millions of US dollarsnGDP_USD1954–202515,606 (2025)
Real GDPMillions of local currencyrGDP1904–20256,084,199 (2025)
Real GDP per capitaConstant local currency per personrGDP_pc1904–2025273,864 (2025)
Real GDP (USD)Millions of US dollarsrGDP_USD1948–202510,852 (2025)
DeflatorIndex, 2015 = 100deflator1954–2025499.2 (2025)
Real GDP per capita (USD)US dollars per personrGDP_pc_USD1948–2025488.5 (2025)

Consumption and investment

VariableCodeCoverageLatest
Total consumptionMillions of local currencycons1954–202530,119,760 (2025)
Total consumption (% of GDP)Percent of GDPcons_GDP1954–2025111.3 (2025)
Total consumption (USD)Millions of US dollarscons_USD1954–202517,368 (2025)
Household consumptionMillions of local currencyhcons1954–202524,261,732 (2025)
Household consumption (% of GDP)Percent of GDPhcons_GDP1954–202589.6 (2025)
Household consumption (USD)Millions of US dollarshcons_USD1954–202513,990 (2025)
Government consumptionMillions of local currencygcons1954–20255,844,024 (2025)
Government consumption (% of GDP)Percent of GDPgcons_GDP1954–202521.6 (2025)
Government consumption (USD)Millions of US dollarsgcons_USD1954–20253,370 (2025)
Gross capital formationMillions of local currencyinv1954–20253,019,142 (2025)
Gross capital formation (% of GDP)Percent of GDPinv_GDP1954–202511.2 (2025)
Gross capital formation (USD)Millions of US dollarsinv_USD1954–20251,741 (2025)
Gross fixed capital formationMillions of local currencyfinv1954–20241,982,222 (2024)
Gross fixed capital formation (% of GDP)Percent of GDPfinv_GDP1954–20249.73 (2024)
Gross fixed capital formation (USD)Millions of US dollarsfinv_USD1954–20241,141 (2024)

External sector

VariableCodeCoverageLatest
ExportsMillions of local currencyexports1894–20253,103,185 (2025)
Exports (% of GDP)Percent of GDPexports_GDP1954–202511.5 (2025)
Exports (USD)Millions of US dollarsexports_USD1950–20251,789 (2025)
ImportsMillions of local currencyimports1894–20258,980,408 (2025)
Imports (% of GDP)Percent of GDPimports_GDP1954–202533.2 (2025)
Imports (USD)Millions of US dollarsimports_USD1950–20255,178 (2025)
Current accountMillions of local currencyCA1977–2024-3,828,276 (2024)
Current account (% of GDP)Percent of GDPCA_GDP1977–2024-18.8 (2024)
USD exchange rateLocal currency per US dollarUSDfx1950–20251,734 (2025)
Real effective exchange rateIndex, 2015 = 100REER1969–2025128.3 (2025)
Current account (USD)Millions of US dollarsCA_USD1977–2024-2,205 (2024)

Government finances

VariableCodeCoverageLatest
Government expenditureMillions of local currencygovexp1954–20258,275,398 (2025)
General government expenditureMillions of local currencygen_govexp2002–20258,275,398 (2025)
General government expenditure (% of GDP)Percent of GDPgen_govexp_GDP2002–202530.6 (2025)
Central government expenditureMillions of local currencycgovexp1954–20258,083,465 (2025)
Central government expenditure (% of GDP)Percent of GDPcgovexp_GDP1954–202529.9 (2025)
Government revenueMillions of local currencygovrev1954–20255,169,486 (2025)
General government revenueMillions of local currencygen_govrev2002–20255,169,486 (2025)
Central government revenueMillions of local currencycgovrev1954–20255,415,744 (2025)
General government revenue (% of GDP)Percent of GDPgen_govrev_GDP2002–202519.1 (2025)
Central government revenue (% of GDP)Percent of GDPcgovrev_GDP1954–202520.0 (2025)
Government deficit (% of GDP)Percent of GDPgovdef_GDP1954–2025-11.5 (2025)
General government deficit (% of GDP)Percent of GDPgen_govdef_GDP2002–2025-11.5 (2025)
General government deficitMillions of local currencygen_govdef2002–2025-3,105,912 (2025)
Central government deficit (% of GDP)Percent of GDPcgovdef_GDP1954–2025-9.86 (2025)
Central government deficitMillions of local currencycgovdef1954–2025-2,667,721 (2025)
Government debt (% of GDP)Percent of GDPgovdebt_GDP1970–202578.4 (2025)
General government debt (% of GDP)Percent of GDPgen_govdebt_GDP1970–202578.4 (2025)
General government debtMillions of local currencygen_govdebt1970–202521,209,366 (2025)
Central government debt (% of GDP)Percent of GDPcgovdebt_GDP1970–202474.4 (2024)
Central government debtMillions of local currencycgovdebt1970–202415,155,921 (2024)
Government debtMillions of local currencygovdebt1970–202521,209,366 (2025)
Government deficitMillions of local currencygovdef1954–2025-3,105,912 (2025)
Government expenditure (% of GDP)Percent of GDPgovexp_GDP1954–202530.6 (2025)
Government revenue (% of GDP)Percent of GDPgovrev_GDP1954–202519.1 (2025)

Money and interest rates

VariableCodeCoverageLatest
Short-term interest ratePercentstrate1983–202415.8 (2024)
Central bank policy ratePercentcbrate1999–202426.0 (2024)
M0 (monetary base)Millions of local currencyM01965–201031,848 (2010)
M1Millions of local currencyM11965–2010102,112 (2010)
M2Millions of local currencyM21965–2010203,898 (2010)
M3Millions of local currencyM32015–20245,338,991 (2024)

Prices and labor markets

VariableCodeCoverageLatest
Consumer price indexIndex, 2015 = 100CPI1968–2025524.0 (2025)
InflationPercentinfl1969–202528.4 (2025)
PopulationMillions of peoplepop1800–202522.2 (2025)
Unemployment ratePercentunemp1983–202415.4 (2024)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →