Malawi

Malawi Economic Outlook

Flooding in 2014/15 and drought in 2015/16 hurt agriculture, the economy’s dominant sector. Erratic rains affected the country’s hydro-dependent electricity generation, leading to widespread blackouts and water shortages. The power shortages severely affected smalland medium-size enterprises dependent on distributed power. Larger businesses generally have power backup systems to maintain production, but using these adds to the cost of doing business. In 2016/17, adequate rainfall improved agricultural production, increasing the maize, groundnuts, and beans harvests. The economy is expected to double its 2016 GDP growth rate of 2.3% to 4.5% in 2017. The medium-term outlook (5%–5.5% in 2018–19) is more positive as the economy stabilizes, but the country remains vulnerable to external shocks and fiscal slippages.

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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 Country 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 Franck Mvula, Country Manager

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

Mr Kapil Kapoor, Director General

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