Malawi

Continent

Africa

Capital

Lilongwe

Population

21,763,309

Sub-Zones

General Information

Basic details about Malawi

Population:: 21,763,309
Area:: 118,484 sq km
Currency:: Malawian kwachas
Languages:: English, Chewa, Lambya, Lomwe, Ngoni, Nkhonde, Nyakyusa, Nyanja, Sena, Tonga

Economic Overview

Key economic indicators for Malawi

GDP:: $34.789 billion
GDP per Capita:: $1,600
GDP Growth:: 1.89%
Inflation:: 28.79%
Unemployment:: 5.04%
Public Debt:: 55.6% of GDP

Political System

Governance structure of Malawi

Government Type:: presidential republic
Head of State:: President Lazarus CHAKWERA (since 28 June 2020)
Head of Government:: President Lazarus CHAKWERA (since 28 June 2020)
Judiciary:: Supreme Court of Appeal (consists of the chief justice and at least 3 judges)
Administrative Divisions:: 28 districts; Balaka, Blantyre, Chikwawa, Chiradzulu, Chitipa, Dedza, Dowa, Karonga, Kasungu, Likoma, Lilongwe, Machinga, Mangochi, Mchinji, Mulanje, Mwanza, Mzimba, Neno, Ntcheu, Nkhata Bay, Nkhotakota, Nsanje, Ntchisi, Phalombe, Rumphi, Salima, Thyolo, Zomba

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 2408 Massachusetts Avenue NW, Washington, DC 20008

Major Alliances and Organizations

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

30.4% (2023 est.)

Industry

15.3% (2023 est.)

Services

47.5% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $1.526 billion
Imports:: $3.995 billion

Major Trading Partners

Germany 11

India 7

Zimbabwe 6

South Africa 5

USA 5

Economic Outlook

Malawi has a 1.89% GDP growth rate with 28.79% inflation. The economy is characterized by a strong agriculture sector.