Malawi

Description of Malawi

Located in southeastern Africa, Malawi is a landlocked country known for its stunning landscapes, including the majestic Lake Malawi. Despite facing challenges related to poverty and limited infrastructure, Malawi has a rich cultural heritage and a resilient population. Through strategic economic and social development initiatives, Malawi is poised to unlock its potential and pave the way for a brighter future for its people. Join us as we delve into the macroeconomic landscape of Malawi, exploring the opportunities and challenges that shape this vibrant nation.

Population And Age Structure

• Malawi's total population is 19,377,061, which is significantly below the average population of 40,097,746 in 194 countries, ranking 61 out of 194 countries.
• The percentage of the population aged 0-14 in Malawi is 43.73%, higher than the average of 27.34%. Malawi ranks 16 out of 194 countries in this category.
• Malawi's total population aged 0-14 is 8,473,148, lower than the average of 10,327,380, ranking 49 out of 194 countries.
• The percentage of the population aged 15-64 in Malawi is 53.48%, below the average of 63.44%. Malawi ranks 181 out of 194 countries.
• Malawi's total population aged 15-64 is 10,363,487, significantly lower than the average of 26,003,407, ranking 68 out of 194 countries.
• The percentage of the population aged 65 and above in Malawi is 2.79%, much lower than the average of 9.22%. Malawi ranks 172 out of 194 countries.
• Malawi's total population aged 65 and above is 540,426, significantly below the average of 3,766,959, ranking 94 out of 194 countries.

Summary

Malawi has a relatively young population, with a high percentage of individuals aged 0-14 compared to the global average. However, the working-age population (15-64) in Malawi is significantly smaller than the average, indicating potential challenges in terms of workforce and productivity. The low percentage of individuals aged 65 and above suggests a smaller elderly population compared to the world average, which could impact healthcare and social support systems in the country.

Population Miscellaneous

Rural Population: Malawi's rural population is 16,000,221, which is below the average rural population of 18,044,041. Malawi ranks 35th out of 190 countries in this attribute.

Rural Population (% of Total Population): Malawi's rural population percentage is 82.573%, significantly higher than the average of 41.158%. Malawi ranks 5th out of 190 countries in this attribute.

Urban Population: With an urban population of 3,376,840, Malawi falls below the average urban population of 22,425,747. Malawi ranks 113th out of 194 countries in this attribute.

Urban Population (% of Total Population): Malawi's urban population percentage is 17.427%, lower than the average of 59.691%. Malawi ranks 190th out of 194 countries in this attribute.

Age Dependency Ratio (% of Working-Age Population): Malawi's age dependency ratio is 86.974%, above the average of 59.219%. Malawi ranks 14th out of 194 countries in this attribute.

Birth Rate, Crude (per 1,000 people): Malawi's crude birth rate is 33.233 per 1,000 people, higher than the average of 19.384. Malawi ranks 23rd out of 192 countries in this attribute.

Death Rate, Crude (per 1,000 people): Malawi's crude death rate is 6.706 per 1,000 people, below the average of 8.214. Malawi ranks 127th out of 192 countries in this attribute.

Fertility Rate, Total (Births per Woman): Malawi's fertility rate is 3.995 births per woman, higher than the average of 2.603. Malawi ranks 35th out of 190 countries in this attribute.

Summary

Malawi stands out with a high rural population percentage, above-average age dependency ratio, and a relatively high crude birth rate and fertility rate. These indicators suggest a predominantly agrarian society with a young population and higher birth rates, which can impact the country's future social and economic development, healthcare system, and resource allocation towards education and infrastructure.

Military

Malawi's military expenditure of approximately 98.9 million USD is significantly below the average of around 12.9 billion USD, ranking 122nd out of 149 countries in the dataset.

With a military expenditure of 0.83% of GDP, Malawi falls well below the average of 1.9%, placing 124th out of 148 countries in the dataset.

Malawi's total armed forces personnel of 15,000 is far below the average of 165,909 personnel, ranking 117th out of 164 countries in the dataset.

The proportion of armed forces personnel in Malawi's total labor force is 0.20%, significantly lower than the average of 1.28%, positioning Malawi at 153rd out of 164 countries in the dataset.

Summary

Malawi's military expenditure, as a percentage of both its GDP and total armed forces personnel, is notably below global averages, ranking relatively low in comparison to other countries in the dataset. This indicates that Malawi allocates a smaller portion of its resources towards its military sector compared to the majority of nations analyzed. This could have implications for Malawi's national security capabilities, defense infrastructure, and military readiness in the face of potential threats or conflicts.

Natural Resources

Malawi has a Forest area of 22,417 sq. km, ranking 101 out of 191 countries. This value is below the average forest area of 211,606.11 sq. km.

The Land area of Malawi is 94,280 sq. km, placing it at rank 107 out of 194 countries. This is below the average land area of 665,166.51 sq. km.

With a Surface area of 118,480 sq. km, Malawi ranks 100 out of 194 countries, below the average surface area of 689,779.56 sq. km.

Malawi's Arable land spans 3,934,000 hectares, ranking 58 out of 190 countries. This value is below the average arable land of 7,329,543.16 hectares.

The Land under cereal production in Malawi covers 2,009,653 hectares, placing it at rank 53 out of 174 countries. This is below the average land under cereal production of 4,206,011.63 hectares.

Malawi receives an average precipitation depth of 1,181 mm per year, ranking 74 out of 178 countries. This value is slightly above the average precipitation depth of 1,157.83 mm per year.

With a total Renewable internal freshwater resources of 16.14 billion cubic meters, Malawi is ranked 106 out of 178 countries. This value is below the average of 240.41 billion cubic meters.

Summary

Malawi's key macroeconomic indicators show that the country has limited forest, land, and surface areas compared to the global averages. Despite having substantial arable land and land under cereal production, Malawi still falls below the average metrics in these categories. Additionally, the country's average precipitation depth is slightly higher, but its renewable internal freshwater resources are significantly below the global average. These indicators are crucial as they highlight Malawi's challenges in terms of natural resources and agricultural productivity, indicating potential constraints on economic development and food security.

Resource Rents

Malawi's total natural resources rents account for 4.10% of its GDP, slightly below the average of 4.63%. This places Malawi at rank 61 out of 175 countries.

Coal rents contribute a mere 0.008% to Malawi's GDP, well below the average of 0.40%. Malawi ranks 44 out of 65 countries in this aspect.

Forest rents make up a significant 4.09% of Malawi's GDP, surpassing the average of 1.53%. Malawi holds the 19th position out of 174 countries in this category.

Malawi's mineral rents are only 0.003% of its GDP, significantly lower than the 1.23% average. This places Malawi at rank 82 out of 86 countries.

Summary

Malawi's natural resources rents as a percentage of GDP vary across different sectors, with significant contributions from forest rents, but minimal input from coal and mineral rents. Overall, Malawi's total natural resources rents are below the global average. These statistics are crucial as they shed light on the composition of Malawi's economy, highlighting strengths in sectors such as forestry while indicating potential areas for development and investment in coal and mineral resources.

Commodities

Malawi's cereal production is 4,028,211.5 metric tons, below the average of 17,249,945.93 metric tons, ranking 66 out of 174 countries in the dataset.

The aquaculture production in Malawi is 9,393 metric tons, significantly lower than the average of 679,642.92 metric tons, placing Malawi at rank 79 out of 180 countries.

Malawi's capture fisheries production stands at 171,115.22 metric tons, below the average of 467,453.06 metric tons, ranking 64 out of 190 countries.

The total fisheries production in Malawi is 180,508.22 metric tons, well below the average of 1,153,914.85 metric tons, placing Malawi at rank 67 out of 182 countries.

The fertilizer consumption in Malawi is 98.14 kilograms per hectare of arable land, lower than the average of 159.04 kilograms per hectare, ranking Malawi at 90 out of 187 countries in the dataset.

Summary

Malawi's agricultural sector, as indicated by its cereal production, aquaculture and fisheries production, lags behind global averages, ranking below average in all categories. Additionally, Malawi's low fertilizer consumption per hectare of arable land further hinders its agricultural productivity compared to other countries. These statistics highlight the need for increased investment and technological advancements in Malawi's agricultural sector to improve food security, boost economic growth, and enhance the country's overall development.

Intellectual Property

Malawi's Scientific and technical journal articles stand at 292.24, below the attribute average of 15103.76, ranking 104 out of 192 countries. The Charges for the use of intellectual property, payments in Malawi amount to $90,111,342.91, exhibiting a significant difference from the attribute average and ranking 73 out of 143 countries. Additionally, Malawi's Charges for the use of intellectual property, receipts are $2,317,431.33, far below the attribute average, placing Malawi at rank 82 out of 122 countries.

Summary

Malawi's scientific and technical journal articles output is significantly below the global average, impacting its research and innovation capabilities. The country's payments for intellectual property rights are notably high compared to the average, indicating a potential for leveraging intellectual property for economic growth. However, Malawi's receipts from intellectual property are substantially lower than average, suggesting a need for better strategies to capitalize on its intellectual assets.

Broad Economy Attributes

For the attribute "GDP (current US$)", Malawi has a value of 12,056,108,778.31 which is significantly below the average of 442,870,224,838.68. Malawi ranks 132 out of 189 countries in this dataset.

Looking at "GDP, PPP (current international $)", Malawi's value is 30,480,882,012.27, also notably below the average of 734,141,122,350.78. Malawi holds the 129th position out of 181 countries.

When examining "GDP per capita (current US$)", Malawi's value of 622.18 is considerably lower than the average of 15,462.11. Malawi ranks 177th out of 190 countries in this category.

Considering "GDP per capita, PPP (current international $)", Malawi's value is 1573.04, significantly below the average of 21,251.89. Malawi holds the 172nd position out of 181 countries.

For the attribute "GNI (current US$)", Malawi's value stands at 11,852,416,744.62, notably lower than the average of 452,040,815,370.70. Malawi ranks 134th out of 185 countries in this dataset.

In terms of "GNI, PPP (current international $)", Malawi's value is 29,965,897,205.80, significantly below the average of 730,698,223,823.47. Malawi holds the 129th position out of 181 countries.

Looking at "GNI per capita, PPP (current international $)", Malawi's value is 1550, notably lower than the average of 20,615.75. Malawi ranks 173rd out of 181 countries in this category.

Summary

Malawi's key macroeconomic indicators across GDP, GDP per capita, and GNI consistently show values significantly below the global averages, positioning the country in the lower percentiles among nations worldwide. These indicators are crucial as they reflect Malawi's economic output, income distribution, and purchasing power, highlighting the country's challenges in achieving sustainable economic growth and improving living standards for its population.

Broad Value Added

Gross value added at basic prices (GVA) in Malawi is $11,442,511,540.48, which is significantly below the average of $360,070,943,595.12. Malawi ranks 124th out of 176 countries in this attribute.

The value added from Agriculture, forestry, and fishing in Malawi accounts for 22.89% of its GDP, much higher than the average of 10.86%. Malawi ranks 24th out of 182 countries included in this data.

Malawi's Agriculture, forestry, and fishing value added in current US dollars is $2,759,936,115.17, below the average of $19,924,732,828.07. The country ranks 99th out of 182 countries.

Services value added in Malawi contributes to 53.33% of its GDP, slightly below the average of 56.72%. Malawi is ranked 113th out of 183 countries in this attribute.

Malawi's Services value added in current US dollars is $6,429,976,269.82, considerably below the average of $295,837,711,130.69. Malawi ranks 128th out of 183 countries.

The value added from Industry (including construction) in Malawi is $2,252,599,155.49, significantly lower than the average of $118,421,095,413.50. Malawi ranks 139th out of 183 countries in this category.

Summary

Malawi's Gross Value Added at basic prices (GVA) is substantially below the global average, positioning the country at 124th place worldwide. The dominance of Agriculture, forestry, and fishing in Malawi's economy, contributing significantly more to its GDP compared to the global average, highlights a reliance on this sector for economic output. However, the country falls behind in Services and Industry value added, indicating potential areas for diversification and development to enhance economic growth and reduce dependency on agricultural activities.

Manufacturing Value Added

Malawi's Medium and high-tech manufacturing value added accounts for 11.34% of the manufacturing value added, which is below the average of 24.49%. This places Malawi at a rank of 108 out of 149 countries for this attribute.

Summary

Malawi's medium and high-tech manufacturing value added percentage is significantly below the global average. This indicates a lack of technological advancement and innovation in the country's manufacturing sector, positioning Malawi lower in the global competitiveness ranking. Enhancing technological capabilities in manufacturing is crucial for Malawi's economic growth, as it can improve productivity, create higher value-added products, and enhance competitiveness in the global market.

Money

Malawi's consumer price inflation rate stands at 8.63%, slightly above the average of 8.26%. This places Malawi at the 20th rank out of 165 countries in the dataset for this attribute.

The GDP deflator inflation in Malawi is at 9.06%, significantly higher than the average of 6.90%. Malawi ranks 22nd out of 188 countries in this category.

With a broad money growth rate of 16.73%, Malawi is below the average of 18.03%. This places Malawi at the 52nd rank out of 139 countries.

Malawi's broad money as a percentage of GDP is at 17.06%, substantially lower than the average of 71.75%. The country ranks 137th out of 139 countries in this metric.

Malawi's broad money to total reserves ratio is 3.46, below the average of 5.17. This places Malawi at the 46th rank out of 126 countries.

Summary

Malawi's macroeconomic indicators show mixed performance compared to global averages and rankings. The country exhibits higher consumer price inflation and GDP deflator inflation rates, which could indicate potential challenges in price stability and economic growth. Additionally, Malawi has lower broad money as a percentage of GDP and broad money to total reserves ratio, suggesting potential limitations in financial liquidity and reserves adequacy. These indicators are crucial as they reflect the economic health, stability, and resilience of Malawi in the global market, influencing investor confidence, foreign exchange rates, and overall economic development.

Investment

Malawi's net foreign direct investment is -$199,145,549.47, which is above the average of -$1,615,235,980.51. The country ranks 78 out of 169 countries in this attribute.

In terms of net inflows of foreign direct investment, Malawi received $252,179,040.15, below the average of $5,749,271,080.15. Malawi ranks 108 out of 182 countries in this category.

Malawi's net inflows of foreign direct investment as a percentage of GDP is 2.09%, lower than the average of 2.61%. The country ranks 81 out of 178 countries in this aspect.

Malawi's net outflows of foreign direct investment stand at -$153,906,615.37, significantly below the average of $5,707,991,116.07. The country ranks 139 out of 156 countries in this measure.

Furthermore, Malawi's net outflows of foreign direct investment as a percentage of GDP is -1.28%, well below the average of 1.00%. Malawi ranks 139 out of 155 countries in this indicator.

Malawi's portfolio investment in net terms is -$109,624,468.96, below the average of $679,559,169.57. The country ranks 104 out of 159 countries in this category.

Summary

Malawi exhibits a mixed performance in key macroeconomic indicators related to foreign direct investment and portfolio investment. The country ranks moderately in net foreign direct investment, net inflows of foreign direct investment, and net inflows of foreign direct investment as a percentage of GDP. However, Malawi significantly lags behind in net outflows of foreign direct investment, both in absolute terms and as a percentage of GDP. This could indicate potential challenges in capital expansion and investment retention within the country, which are crucial for sustained economic growth and development.

Debt

Malawi's total debt service as a percentage of Gross National Income (GNI) is exceptionally low at 0.87%, significantly below the average of 5.98%. This places Malawi at a rank of 107 out of 120 countries in the dataset.

The country also exhibits a lower than average public and publicly guaranteed debt service as a percentage of GNI, standing at 0.61% compared to the average of 2.84%. Malawi ranks 104 out of 120 countries in this metric.

Malawi's external debt stocks as a percentage of GNI are notably lower than the average, at 24.83% versus 65.42%. The country ranks 104 out of 120 in this aspect.

In terms of total debt service on external debt in current US dollars, Malawi pays $103,397,222.5, significantly below the average of $9,811,195,839.23. The country's rank is 97 out of 123.

For debt service on external debt, public and publicly guaranteed, Malawi's value is $72,609,782.7, noticeably lower than the average of $3,310,612,057.60. Malawi ranks at 97 out of 123 countries.

Malawi's external debt stocks, public and publicly guaranteed, amount to $2,236,954,600.30, well below the average of $28,695,879,144.98. This places Malawi at a rank of 91 out of 123 countries.

Lastly, Malawi's total external debt stocks in current US dollars stand at $2,943,281,966.50, significantly lower than the average of $73,845,530,111.82. The country ranks 96 out of 123 in this particular statistic.

Summary

Malawi demonstrates exceptional fiscal prudence in managing its debt obligations, with total debt service, public debt service, and external debt stocks significantly below global averages. This responsible approach has placed Malawi in relatively favorable positions in the rankings compared to other countries in the dataset. These statistics are crucial as they indicate Malawi's ability to sustainably manage its debt burden, freeing up fiscal space for development initiatives and reducing the risk of financial instability in the future.

Broad Trade Attributes

Analysis of Merchandise trade (% of GDP): In Malawi, the percentage stands at 28.61% which is below the attribute average of 60.01%. Malawi ranks 165 out of 186 countries in this data set.

Analysis of Trade in services (% of GDP): Malawi's trade in services is at 8.51% of GDP, which is below the attribute average of 24.63%. Malawi holds the 134th position out of 171 countries in this category.

Summary

Malawi's merchandise trade as a percentage of GDP is significantly below the global average, ranking it quite low among countries. Similarly, its trade in services as a percentage of GDP is also notably below average. These indicators suggest that Malawi may have limited integration with the global economy, potentially affecting its economic growth and diversification efforts.

Net Trade

Malawi's current account balance is -1466327943.0666 USD, which is significantly below the average of 1443864831.4940138 USD. Malawi ranks 123 out of 170 countries in this attribute.

The current account balance as a percentage of GDP for Malawi is -12.16%, much lower than the average of -2.36%. Malawi ranks 147 out of 170 countries for this metric.

Malawi's net trade in goods and services stands at -1940107912.22903 USD, below the average of 2604730003.5650773 USD. Malawi ranks 119 out of 171 countries in this attribute.

The net primary income for Malawi is -281680597.62172 USD, higher than the average of -903807529.7376518 USD. Malawi ranks 75 out of 170 countries in this category.

Malawi's net secondary income is 755460566.78415 USD, considerably above the average of -269227340.40242267 USD. Malawi ranks 63 out of 170 countries in this attribute.

The net trade in goods for Malawi is -1797435446.25803 USD, lower than the average of 1302831005.6800897 USD. Malawi ranks 115 out of 171 countries for this metric.

Malawi's net capital account is 737807094.438462 USD, significantly higher than the average of 136543824.04518417 USD. Malawi ranks 19 out of 159 countries in this attribute.

For the net financial account, Malawi has -879524452.460226 USD, below the average of -469840994.6309935 USD. Malawi ranks 110 out of 170 countries in this category.

Summary

Malawi's current economic indicators paint a challenging picture, with below-average current account balance, negative net trade, and a higher net primary income compared to the average. However, Malawi outperforms in net secondary income and net capital account. These indicators are crucial as they reflect Malawi's trade relations, income flow, and overall economic stability in the global economy.

Broad Export Attributes

Malawi's Exports of goods, services and primary income (BoP, current US$) amount to approximately $1.29 billion. This is significantly below the average of $146.24 billion, placing Malawi at rank 147 out of 170 countries.

The country's Exports of goods and services (BoP, current US$) stand at about $1.27 billion, falling short of the average of $122.94 billion. Malawi is ranked 144 out of 170 countries for this attribute.

Malawi's Goods exports (BoP, current US$) total around $826.53 million, which is notably lower than the average of $93.31 billion. This places Malawi at rank 142 out of 171 countries.

International tourism receipts (% of total exports) in Malawi constitute approximately 2.76%. This falls below the average of 9.74%, with Malawi ranked 73 out of 120 countries for this statistic.

The country's ICT goods exports (% of total goods exports) are at 0.11%, significantly lower than the average of 3.81%. Malawi is ranked 106 out of 142 countries in this regard.

Summary

Malawi's exports of goods, services, and primary income, as well as goods and services, are significantly below global averages, ranking the country relatively low among its peers. Particularly concerning is Malawi's low international tourism receipts and ICT goods exports, indicating a potential lack of diversification in its export base which could hinder economic growth and resilience in an increasingly digital and globalized world.

Merchandise Exports

Malawi's merchandise exports amount to $771 million, ranking 152 out of 187 countries included in the data, significantly below the average of approximately $89.5 billion.

Malawi's agricultural raw materials exports contribute to only 0.95% of its merchandise exports, ranking 82 out of 151 countries, which is below the average of approximately 2.97%.

Food exports make up a substantial 91.89% of Malawi's merchandise exports, with the country ranking 2nd out of 152 countries, well above the average of around 24.06%.

Malawi's fuel exports constitute a mere 0.16% of its merchandise exports, ranking 126 out of 147 countries, notably below the average of about 13.70%.

Ores and metals exports contribute 0.55% to Malawi's merchandise exports, ranking 133 out of 152 countries, which falls below the average of approximately 9.10%.

Summary

Malawi heavily depends on food exports, which account for a vast majority of its merchandise exports, while its exports of agricultural raw materials, fuel, and ores/metals are relatively low compared to global averages. This suggests that Malawi's economy is highly reliant on the agricultural sector, particularly food exports, highlighting a potential vulnerability to fluctuations in food prices and demand in the global market. Diversification of exports beyond food products could help mitigate risks and enhance the country's export resilience.

Technology Exports

Manufactures exports (% of merchandise exports): Malawi's value for this attribute is 6.45%, well below the average of 42.62%. This places Malawi at a rank of 136 out of 152 countries included in the data.

High-technology exports (current US$): Malawi's value for this attribute is $1,317,536, significantly below the average of $16,655,934,078.80. Malawi ranks at 135 out of 151 countries in this aspect.

High-technology exports (% of manufactured exports): Malawi's proportion of high-technology exports stands at 2.80%, lower than the average of 10.15%. The country ranks 105 out of 150 nations included in this metric.

Medium and high-tech exports (% manufactured exports): Malawi's percentage for this attribute is 18.06%, falling short of the average of 34.29%. This places Malawi at a rank of 98 out of 149 countries in the dataset.

Summary

Malawi's macroeconomic indicators reflect a lower level of manufacturing and high-technology exports compared to global averages, ranking relatively low in these aspects among the countries surveyed. This indicates a potential lack of diversification in Malawi's export sector and suggests room for improvement in developing and promoting higher value-added industries. Addressing these shortcomings is crucial for the country to enhance its economic resilience, competitiveness, and sustainable growth in the global market.

Service Exports

Service exports (BoP, current US$): Malawi's service exports amount to $441,708,589.18, significantly below the average of $28,917,292,503.82. Malawi ranks 126th out of 171 countries in this attribute.

ICT service exports (BoP, current US$): Malawi's ICT service exports stand at $148,759,067.54, well below the average of $4,578,501,153.77. Malawi is ranked 85th out of 166 countries.

ICT service exports (% of service exports, BoP): Malawi's ICT service exports as a percentage of total service exports is 33.68%, much higher than the average of 11.75%. Malawi is ranked 9th out of 166 countries.

Communications, computer, etc. (% of service exports, BoP): Malawi's percentage in this category is 78.06%, significantly higher than the average of 45.85%. Malawi ranks 14th out of 169 countries.

Transport services (% of service exports, BoP): Malawi's transport services contribution is 15.21%, below the average of 21.80%. Malawi ranks 94th out of 169 countries.

Travel services (% of service exports, BoP): Malawi's travel services represent 5.97% of total service exports, well below the average of 26.40%. Malawi is ranked 137th out of 167 countries.

Insurance and financial services (% of service exports, BoP): Malawi's insurance and financial services constitute 0.76% of total service exports, below the average of 6.46%. Malawi ranks 140th out of 161 countries.

Summary

Malawi's service exports, ICT service exports, and specific service sector contributions consistently fall below global averages, indicating untapped potential for economic growth through diversification and expansion of their service sector. The high percentage of ICT service exports as a total of service exports suggests a niche market strength that Malawi could further capitalize on to enhance its competitiveness and economic resilience in the global market.

Commercial Service Exports

Malawi's commercial service exports amount to $376,713,248.50, significantly below the average of $28,508,218,402.80, ranking 131 out of 171 countries. The country's travel services account for 6.99% of its commercial service exports, well below the average of 27.89%. Malawi ranks 134 out of 167 countries in this aspect.

Computer, communications, and other services contribute heavily to Malawi's commercial exports, representing 74.27% which is above the average of 42.44%. This places Malawi at a commendable 16th rank out of 169 countries studied in this category.

Malawi's insurance and financial services make up just 0.90% of its commercial service exports, significantly below the average of 6.97%. The country ranks 138th out of 161 countries in this area.

Transport services contribute 17.84% to Malawi's commercial service exports, slightly below the average of 23.37%. Malawi ranks 89th out of 169 countries in this sector.

Summary

Malawi's commercial service exports are characterized by a heavy reliance on computer, communications, and other services, comprising 74.27% of its total exports, above the global average. Conversely, the country's travel services and insurance and financial services sectors underperform, both falling below the global averages. While Malawi excels in computer-related services, there is a need for diversification and growth in other service sectors to enhance the country's competitiveness and economic resilience in the global market.

Broad Import Attributes

Malawi's expenditures on international tourism account for 3.71% of total imports, slightly below the average of 3.98%. This places Malawi at rank 47 out of 131 countries in the dataset.

Malawi's ICT goods imports make up 3.33% of total goods imports, significantly lower than the average of 6.85%. This places Malawi at rank 109 out of 143 countries.

Malawi's goods imports amount to $2,623,965,014.44, a substantial difference from the average of $92,007,780,027.17, positioning Malawi at rank 133 out of 171 countries.

The value of Malawi's imports of goods and services stands at $3,208,346,069.58, well below the average of $120,321,577,988.12. This places Malawi at rank 137 out of 170 countries.

Malawi's imports of goods, services, and primary income total $3,513,218,096.84, significantly lower than the average of $144,514,428,722.28, placing Malawi at rank 136 out of 170 countries.

Summary

Malawi's international tourism expenditures, ICT goods imports, goods imports, imports of goods and services, and total imports of goods, services, and primary income are all significantly below the global averages. This puts Malawi at ranks 47, 109, 133, 137, and 136 respectively out of the countries analyzed. These statistics are crucial as they highlight Malawi's relatively limited integration into the global market and the potential challenges it may face in terms of trade competitiveness and economic diversification.

Merchandise Imports

Malawi's merchandise imports amount to $2,678,000,000, ranking 141 out of 190 countries. This value is significantly below the average of $89,385,605,263. Malawi is also below average in the import of manufactures, with 73.64% compared to an average of 66.76%, ranking 39 out of 152 countries.

In terms of agricultural raw materials imports, Malawi is above average, with 2.71% compared to an average of 1.27%, ranking 8 out of 152 countries. However, food imports at 14.71% are below the average of 15.89%, placing Malawi at rank 73 out of 152 countries. Malawi's fuel imports at 7.95% are also below the average of 11.38%, ranking 102 out of 152 countries.

When it comes to ores and metals imports, Malawi is significantly below average at 0.99% compared to 2.57%, ranking 117 out of 152 countries. Lastly, Malawi's merchandise imports by the reporting economy residual, at 0.18%, are notably below the average of 2.51%, placing Malawi at rank 115 out of 180 countries.

Summary

Malawi's import profile shows a mixed performance compared to global averages. While the country excels in importing agricultural raw materials, it lags behind in food and fuel imports. This could indicate a reliance on domestic agriculture but potential vulnerability in food and energy security.

Service Imports

Malawi's service imports amount to $584,381,055.15, ranking 136th out of 171 countries. This value is significantly below the attribute average of $27,615,356,170.47.

Communications, computer, etc. represent 60.17% of Malawi's service imports, ranking the country 31st out of 169. This percentage is notably higher than the attribute average of 44.40%.

Transport services account for 14.52% of Malawi's service imports, placing the country 157th out of 169. This proportion is well below the attribute average of 32.90%.

In terms of travel services, Malawi's 21.48% share of service imports ranks the country 35th out of 169, exceeding the attribute average of 14.14%.

Malawi's insurance and financial services constitute 3.83% of service imports, placing the country 126th out of 169. This figure falls below the attribute average of 8.53%.

Summary

Malawi's service imports are significantly lower than the global average, with a heavy reliance on communications, computer, etc. imports. However, the country lags behind in transport services imports but excels in travel services. The low share of insurance and financial services imports indicates potential areas for growth and improvement in diversifying the service import sector.

Commercial Service Imports

Malawi's commercial service imports amount to $567,990,662.40, ranking 136th out of 171 countries. This value is significantly below the attribute average of $27,102,746,128.60.

Computer, communications, and other services represent 59.02% of Malawi's commercial service imports, ranking 38th out of 169 countries. This percentage is above the attribute average of 41.71%.

Insurance and financial services account for 3.95% of Malawi's commercial service imports, placing it at the 127th position out of 169 countries. Malawi's value is below the attribute average of 8.85%.

Transport services make up 14.94% of Malawi's commercial service imports, ranking 157th out of 169 countries. This percentage is notably below the attribute average of 34.71%.

Travel services contribute 22.10% to Malawi's commercial service imports, putting Malawi at the 38th position out of 169 countries. This value exceeds the attribute average of 14.73%.

Summary

Malawi's commercial service imports are significantly lower than the global average, with a focus on computer, communications, and other services. However, the country lags behind in insurance and financial services and transportation, while excelling in travel services. These findings are crucial as they highlight Malawi's reliance on certain sectors for its commercial service imports and indicate potential areas for growth and improvement to diversify the economy.

Infrastructure

Malawi's air transport for freight stands at 0.00008624 million ton-km, significantly below the average of 1384.36544 million ton-km, ranking 126th out of 126 countries in the dataset. For registered carrier departures worldwide, Malawi's value is 367.394, far less than the average of 134365.60536, making it rank 144th out of 149 countries. In terms of passengers carried, Malawi transported 1792.164 individuals, notably lower than the average of 11848242.70036, placing it at the 147th position out of 149 countries.

Summary

Malawi's air transport for freight, registered carrier departures, and passengers carried are all significantly below global averages, ranking the country towards the bottom in these categories. This indicates a lack of development and integration into the global economy, which can hinder economic growth, trade opportunities, and connectivity with the rest of the world. Improving these indicators is crucial for Malawi to enhance its competitiveness, attract investments, and facilitate both domestic and international trade.

Information Technology Infrastructure

Malawi has 324 secure internet servers, far below the attribute average of 458,294.19, ranking 141 out of 193 countries in the dataset.

With 16.72 secure internet servers per 1 million people, Malawi is well below the attribute average of 14,067.17, ranking 169 out of 193 countries.

Only 18.93% of individuals in Malawi use the internet, much lower than the average of 64.77%, placing Malawi at rank 167 out of 180 countries.

Malawi has 12,255 fixed broadband subscriptions, significantly lower than the average of 6,591,956.35, ranking at 163 out of 185 countries.

Malawi has 10,004,680 mobile cellular subscriptions, below the average of 42,526,463.87, and ranks 89 out of 193 countries in the dataset.

Summary

Malawi lags behind in key macroeconomic indicators related to internet infrastructure and access. With significantly fewer secure internet servers, low internet usage percentage, and limited broadband subscriptions compared to global averages, Malawi faces challenges in harnessing the full potential of digital technology for economic growth and development. The low number of mobile cellular subscriptions also indicates a gap in mobile connectivity, which is crucial for communication and access to digital services in today's interconnected world.

Energy Consumption

Malawi's renewable energy consumption stands at 70.26% of total final energy consumption, significantly higher than the average of 32.18%. This places Malawi at rank 29 out of 191 countries in the dataset.

On the other hand, Malawi's CO2 emissions are 1640 kt, notably below the average of 171895.94 kt. This places Malawi at rank 148 out of 188 countries in the dataset.

Summary

Malawi stands out for its high renewable energy consumption, surpassing the global average by a significant margin and ranking relatively high among the countries analyzed. However, its relatively low CO2 emissions, well below the global average, position Malawi favorably in terms of environmental impact. These indicators highlight Malawi's commitment to sustainable energy practices and environmental conservation, setting a positive example for other nations to follow in addressing climate change challenges.

Government Balance Sheet

Malawi's net acquisition of financial assets as a percentage of GDP is -1.04%, placing it at the 75th rank out of 87 countries. This value is below the average of 2.45%.

The country's net incurrence of liabilities, total GDP ratio is 4.43%, ranking 64th out of 92 countries. Malawi's value is below the average of 7.43%.

Malawi's total reserves as a percentage of total external debt is 20.20%, placing it at the 80th rank out of 102 countries. This value is significantly below the average of 66.13%.

For reserves and related items in current US dollars, Malawi has -$479.59 million, ranking 128th out of 171 countries. This figure is far below the average of $1.92 billion.

In terms of total reserves minus gold, Malawi holds $594.50 million, ranking 139th out of 161 countries. This value is notably below the average of $74.22 billion.

Malawi's total reserves (including gold) in current US dollars are also at $594.50 million, placing it at the 140th rank out of 161 countries. This value is substantially lower than the average of $85.71 billion.

Malawi's total reserves in months of imports stand at 2.03, ranking 131st out of 151 countries. This value is below the average of 7.10 months.

Summary

Malawi's macroeconomic indicators paint a picture of financial vulnerability and limited external reserves. The country ranks below average in various key metrics such as net acquisition of financial assets, total reserves, and reserves in months of imports. These findings are crucial as they indicate Malawi's potential challenges in managing its external debt, ensuring financial stability, and securing foreign exchange reserves for imports.

Government Revenue

Malawi's revenue, excluding grants (% of GDP) is 12.60%, which is below the attribute average of 27.02%. The country is ranked 109 out of 122 countries for this measure.

For grants and other revenue (% of revenue), Malawi's value is 15.42%, lower than the average of 23.54%. It ranks 64 out of 108 countries in this category.

Malawi's taxes on goods and services (% of revenue) stand at 37.78%, surpassing the average of 31.82%. The country is ranked 42 out of 122 nations.

Regarding taxes on international trade (% of revenue), Malawi's value is 6.69%, slightly higher than the average of 6.24%. The country holds the 32nd rank out of 101 countries.

Malawi's other taxes (% of revenue) is at 0.07%, significantly below the average of 2.12%. The country ranks 91 out of 106 nations for this metric.

Lastly, Malawi's taxes on income, profits, and capital gains (% of revenue) are at 40.04%, much higher than the average of 24.66%. Malawi secures the 13th rank out of 119 countries for this attribute.

Summary

Malawi's revenue composition reflects a relatively low dependency on taxes and grants, with a notable emphasis on income, profits, and capital gains tax. The country outperforms in this category compared to its peers, positioning itself favorably in terms of revenue diversification.

These statistics are crucial as they highlight Malawi's fiscal strengths and weaknesses, shedding light on areas where the country may need to focus to improve its revenue generation and economic stability. A high reliance on income-related taxes may indicate a need for broader tax reforms to ensure sustainable and balanced revenue sources for the country's development initiatives.

Taxes

1. Tax revenue (% of GDP): In Malawi, tax revenue accounts for 11.84% of its GDP, which is below the attribute average of 16.72%. This places Malawi at rank 95 out of 123 countries included in the data.

2. Customs and other import duties (% of tax revenue): Malawi's customs and import duties account for 7.91% of its tax revenue, slightly below the attribute average of 9.01%. This places Malawi at rank 37 out of 99 countries in the dataset.

3. Taxes on income, profits and capital gains (% of total taxes): Malawi derives 47.34% of its total taxes from income, profits, and capital gains, which is above the attribute average of 38.40%. Malawi ranks 29 out of 120 countries in this category.

4. Tariff rate, applied, weighted mean, all products (%): Malawi has a weighted mean applied tariff rate of 6.18% on all products, slightly higher than the attribute average of 5.21%. This places Malawi at rank 58 out of 153 countries in the dataset.

Summary

Malawi's tax revenue accounts for 11.84% of its GDP, below the global average, with customs and import duties contributing 7.91% of the tax revenue, slightly lower than average. The country relies more on income, profits, and capital gains for its tax income, above the global average. Additionally, Malawi's weighted mean applied tariff rate is slightly higher than average. These indicators are crucial as they reflect Malawi's fiscal policies, trade practices, and reliance on different sources of tax revenue, shaping its economic landscape and international competitiveness.

Government Expenses

Malawi's Expense (% of GDP) stands at 16.10%, significantly lower than the average of 31.69%. This places Malawi at rank 110 out of 123 countries in the dataset.

When it comes to Compensation of employees (% of expense), Malawi's value of 32.55% is above the average of 24.70%. This puts Malawi at rank 35 out of 123 countries.

Malawi's Goods and services expense (% of expense) is notably higher at 25.67% compared to the average of 14.77%. This positions Malawi at rank 15 out of 122 countries.

Malawi's Interest payments (% of expense) at 17.99% exceeds the average of 6.85%, placing Malawi at rank 7 out of 121 countries.

Malawi's Other expense (% of expense) is below average at 0.66%, when compared to the average of 8.29%. This places Malawi at rank 114 out of 120 countries.

Subsidies and other transfers (% of expense) in Malawi, which stands at 23.14%, is below the average of 43.29%. This positions Malawi at rank 103 out of 121 countries.

Summary

Malawi's macroeconomic indicators reveal a mixed picture. While the country maintains a relatively low total expense (% of GDP) compared to the average, it allocates a higher percentage towards Compensation of employees and Goods and services expense. Malawi's high Interest payments (% of expense) suggest potentially higher debt servicing costs, but its lower allocation towards Other expenses and Subsidies and other transfers may indicate a focus on efficiency and prudence in expenditure management. These indicators are crucial as they provide insights into Malawi's fiscal priorities, financial commitments, and overall economic health.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 0-14 (% of total population)	16/194
Rural population (% of total population)	5/190
Age dependency ratio (% of working-age population)	14/194
Food exports (% of merchandise exports)	2/152
ICT service exports (% of service exports, BoP)	9/166
Communications, computer, etc. (% of service exports, BoP)	14/169
Computer, communications and other services (% of commercial service exports)	16/169
Agricultural raw materials imports (% of merchandise imports)	8/152
Interest payments (% of expense)	7/121

Ranks in Bottom Decile For:

Attribute	Rank/Total
Population ages 15-64 (% of total population)	181/194
Urban population (% of total population)	190/194
Armed forces personnel (% of total labor force)	153/164
Mineral rents (% of GDP)	82/86
GDP per capita (current US$)	177/190
GDP per capita, PPP (current international $)	172/181
GNI per capita, PPP (current international $)	173/181
Broad money (% of GDP)	137/139
Transport services (% of service imports, BoP)	157/169
Transport services (% of commercial service imports)	157/169
Air transport, freight (million ton-km)	126/126
Air transport, registered carrier departures worldwide	144/149
Air transport, passengers carried	147/149
Individuals using the Internet (% of population)	167/180
Other expense (% of expense)	114/120