Malawi Economic Outlook

  • Malawi’s real GDP growth is estimated to have been 5% in 2013 and is projected to accelerate to 6.1% and 6.2% in 2014 and 2015 respectively, driven by tobacco exports and continued growth in the key sectors of agriculture, manufacturing and services.
  • The main short-term challenge for the government is to consolidate macroeconomic stability and improve governance, while strengthening the enabling environment for private sector investment for sustained and inclusive growth.
  • While the country is on track to achieving four of the eight Millennium Development Goals (MDGs), it faces serious challenges in meeting the MDG targets relating to universal primary education and to reducing gender inequality and maternal mortality.


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

Key Facts

Capital: Lilongwe
Area: 118,484 sq km
Total Population 2013: 16.4 Million
Urban Population 2013: 15.96%
Female Population 2013: 49.88%
GDP: US$ 3.9 Billion
GNI Per Capita 2013: 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 (1967-2013): UA 848.3 Million

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