Malawi

Malawi Economic Outlook

  • Malawi’s economic growth decelerated to 2.9% in 2015 (down from 5.7% in 2014), due largely to external and internal shocks to the economy, but it may pick up to 4% in 2016.
  • High inflation in 2015 continued to undermine Malawi’s prospects for economic growth and poverty reduction, necessitating a further tightening of monetary and fiscal policy.
  • Key challenges to Malawi’s urbanisation process stem from the lack of capacity to meet the basic social and economic needs of a growing urban population.

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Key Facts

Flag:
Capital: Lilongwe
Area: 118,484 sq km
Total Population 2015: 16.4 Million
Urban Population 2015: 15.96%
Female Population 2015: 49.88%
GDP: US$ 3.9 Billion
GNI Per Capita 2015: US$ 320
Inflation Rate: 28.38%
Crude Birth Rate (per 1000): 39.77%
Human Development Index (rank / 187): 170
Human Development Index (scale 0 to 1): 0.418
Membership Date: 25/07/1966
Cumulative Approvals (1967-2015): UA 892.7 Million

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Contacts

Malawi field office

African Development Bank Group
2nd Floor, Kang’ombe House
Box 30732
City Centre, Lilongwe, Malawi

Phone: (265) 1 77 44 60-62/64
Fax: (265) 1 77 44 69

Mr. Andrew Mwaba, Resident Representative

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge