Economy of Malawi - Economic Indicators

Economic Indicators

GDP: purchasing power parity - $8.272 billion (2006 est.)

GDP - real growth rate: 8.5% (2006 est.)

GDP - per capita: purchasing power parity - $800 (2007 est.)

GDP - composition by sector:
agriculture: 36.1%
industry: 18.8%
services: 45.1% (2006 est.)

Population below poverty line: 53% (2004 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Distribution of Family Income-Gini Index 39 (2004)

Inflation rate (consumer prices): 14% (2006 est.)

Labor force: 4.5 million (2001 est.)

Labor force - by occupation: agriculture 90%, industry and services 10% (2003 est.)

Unemployment rate: NA%

Budget:
revenues: $1.016 billion
expenditures: $1.097 billion; including capital expenditures of $NA (2006 est.)

Public Debt 39.4% of GDP (2006 est.)

Industries: tobacco, tea, sugar, sawmill products, cement, consumer goods

Industrial production growth rate: 6.4% (2006 est.)

Electricity - production: 1.397 billion kWh (2005)

Electricity - production by source:
fossil fuel: 2.39%
hydro: 97.61%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 1.299 billion kWh (2005)

Electricity - exports: 0 kWh (2005)

Electricity - imports: 0 kWh (2005)

Oil Production 0 bbl/d (0 m3/d) (2003 est.)

Oil Consumption 5,500 bbl/d (870 m3/d) (2004 est.)

Agriculture - products: tobacco, sugar cane, cotton, tea, maize, potatoes, cassava (tapioca), sorghum, pulses; cattle, goats

Exports: $560.3 million f.o.b. (2006 est.)

Exports - commodities: tobacco, tea, sugar, cotton, coffee, peanuts, wood products, apparel

Exports - partners: South Africa 12.6%, Germany 9.7%, Egypt 9.6%, US 9.5%, Zimbabwe 8.5%, Russia 5.4%, Netherlands 4.4% (2006)

Imports: $832 million f.o.b. (2006 est.)

Imports - commodities: food, petroleum products, semimanufactures, consumer goods, transportation equipment

Imports - partners: South Africa 34.6%, India 8.1%, Zambia 7.8%, US 6.4%, Tanzania 5.8%, Germany 4.6%, China 4.3% (2006)

Current Account Balance -$209 million (2006 est.)

Debt - external: $468 million (2006 est.)

Economic aid - recipient: $575.3 million (2005)

Currency: 1 Malawian kwacha (MK) = 100 tambala

Exchange rates: Malawian kwachas per US dollar - 165.961 (1/Sep/2011), 145.179 (2009), 135.96 (2006), 108.894 (2005), 108.898 (2004), 97.433 (2003), 76.687 (2002)

Fiscal year: 1 July - 30 June