Malawi

Malawi Economic Outlook

  • Economic growth in 2016 remained sluggish at 2.7% due largely to the El Niño induced drought, but is projected to improve to 4.0% in 2017 and further accelerate to 5% in 2018.
  • Malawi was amongst countries in the Southern African Region worst affected by the drought, with 36% of the population requiring food relief. It is crucial for Malawi to build resilience to weather-related shocks to attain food security and to achieve sustainable development.
  • Coherent national policy efforts to promote and nurture entrepreneurship are necessary to create enabling conditions for industrialisation. This will require multipronged efforts to improve the business environment, develop skills, and strengthen provision of business development services to Micro, Small and Medium Scale Entreprises (MSMEs).

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Key Facts

Flag:
Capital: Lilongwe
Area: 118,484 sq km
Total Population 2017: 18.3 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 6.2 Billion
GNI Per Capita 2015: US$ 350
Inflation Rate: 15.97%
Crude Birth Rate (per 1000): 37.70%
Human Development Index (rank / 188): 170
Human Development Index (scale 0 to 1): 0.476
Membership Date: 25/07/1966
Cumulative Approvals (1967-2016): UA 930.2 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 Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900