Economy of Malawi

Imports

Imports commoditiesfood, petroleum products, semi-manufactures, consumer goods, transportation equipment

Import partnersSouth Africa 27%, China 16.6%, India 8.7%, Zambia 8.5%, Tanzania 5.1%, US 4.3% (2012)

Exports

Exports commoditiestobacco 53%, tea, sugar, cotton, coffee, peanuts, wood products, apparel

Export partnersCanada 10.6%, Zimbabwe 9.3%, Germany 7.3%, South Africa 6.6%, Russia 6.5%, US 6.1%, China 4.2% (2012)

Economy sectors

Agriculture productstobacco, sugarcane, cotton, tea, corn, potatoes, cassava (tapioca), sorghum, pulses, groundnuts, Macadamia nuts; cattle, goats

Industrial productstobacco, tea, sugar, sawmill products, cement, consumer goods

Economy

Unemployment7.60 % (2012)7.60 % (2011)7.60 % (2010)

GDP - Official Exchange Rate3.68 Billion $ (2013)4.12 Billion $ (2012)5.63 Billion $ (2011)

GDP growth rate5.00 % (2013)1.90 % (2012)4.30 % (2011)

GDP per Capita (PPP)900 $ (2013)800 $ (2012)900 $ (2011)

GDP - Purchasing Power Parity15.0 Billion $ (2013)14.1 Billion $ (2012)14.0 Billion $ (2011)

GDP PPP per land area127 Thousand $ per square kilometer (2013)119 Thousand $ per square kilometer (2012)118 Thousand $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate15.0 % (2009)15.0 % (2008)15.0 % (2007)

Commercial bank prime lending rate29.5 % (2013)32.4 % (2012)23.8 % (2011)

GDP decomposition by sector

Agriculture % of GDP29.4 % (2013)29.0 % (2012)

Industry % of GDP18.9 % (2013)19.2 % (2012)

Services % of GDP51.7 % (2013)51.8 % (2012)

Tourism

International tourism, number of arrivals767 Thousand (2011)746 Thousand (2010)755 Thousand (2009)

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)50.8 % of GDP (2013)62.7 % of GDP (2012)32.4 % of GDP (2011)

Current Account Balance (Percentage of GDP)-18.87 % of GDP (2012)-13.61 % of GDP (2011)-14.55 % of GDP (2010)

External Debt Stocks (Percentage of GNI)31.7 % of GNI (2012)21.9 % of GNI (2011)19.7 % of GNI (2010)

Short-term debt (percentage of total external debt)0.61 % of total external debt (2012)2.49 % of total external debt (2011)5.87 % of total external debt (2010)

Current Account Balance (Total)-280.10 Million $ (2013)-315.10 Million $ (2012)-758.50 Million $ (2011)

External Debt (Total)1.56 Billion $ (2013)1.35 Billion $ (2012)1.05 Billion $ (2011)

External Debt (Percentage of GDP)42.2 % of GDP (2013)32.9 % of GDP (2012)18.7 % of GDP (2011)

External Debt per Capita95.1 $ (2013)85.1 $ (2012)66.2 $ (2011)