Malawi Economic Outlook

  • In 2014 Malawi’s real GDP growth was estimated at 5.7%, mainly driven by agriculture.
  • Monetary policy was tightened in 2014 with the aim of bringing down the persistently high inflation rate to a single digit by the end of 2015 but development partners continued to withhold general budgetary support, causing significant fiscal stress given the country’s heavy reliance on donor budget financing.
  • The spatial dimensions of poverty in Malawi are reflected in rural-urban variations in the incidence of poverty and access to economic opportunities, underscoring the importance of policies with territorial focus.


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 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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