The economy of Malawi advanced 5 percent year-on-year in 2019 from 4 percent in the previous year, mainly driven by the all-important agricultural sector (3.9 percent vs 0.9 percent in 2018). Other positive contributions to growth came from manufacturing (4.6 percent vs 3.6 percent); mining (3.6 percent vs 2.1 percent); utilities (5.1 percent vs 4.3 percent); construction (5.1 percent vs 4.5 percent); wholesale & retail trade (4.5 percent vs 4.1 percent); transportation & storage (5.5 percent vs 4.9 percent); information & communication (7 percent vs 6.7 percent); real estate activities (4.3 percent vs 3.8 percent); finance & insurance (5.5 percent vs 6.9 percent) and public administration (6.3 percent vs 7 percent). source: Reserve Bank of Malawi
GDP Annual Growth Rate in Malawi averaged 4.43 percent from 1994 until 2019, reaching an all time high of 16.70 percent in 1995 and a record low of -10 percent in 1994. This page provides - Malawi GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malawi GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.
GDP Annual Growth Rate in Malawi is expected to reach -1.90 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malawi GDP Annual Growth Rate is projected to trend around 4.50 percent in 2021 and 5.00 percent in 2022, according to our econometric models.