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Malawi: GDP per capita (current US$)

In , Malawi's GDP per capita (current US$) was 522.57.

That's down 17.5% from 2023, the highest value since .

The global average for this indicator in 2024 was 21,312.22 . Malawi ranks #190 globally out of 192 reporting countries. Within Sub-Saharan Africa, it ranks #44 of 46.

Source: World Bank Open Data (NY.GDP.PCAP.CD) • Data as of 2024

Trend (2005–2024)

Malawi GDP per capita (current US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
763.06
Trough
414.36
1-year change
-17.5%
5-year change
-10.0%
-2.1% / yr
10-year change
-1.3%
-0.1% / yr

Real vs nominal growth

Over the last 10 years, Malawi's nominal GDP per capita (current US$) changed by -1.3%, while real (inflation-adjusted) GDP per capita (constant 2015 US$) changed by +2.3%. The -3.6 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year GDP per capita (current US$)
522.5704
633.2148
604.2697
617.4470
602.5075
580.8891
533.2026
495.7697
450.5061
539.6054

About GDP per capita (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.PCAP.CD • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Malawi's GDP per capita (current US$) in 2024?
In 2024, Malawi's GDP per capita (current US$) was 522.57, according to World Bank Open Data.
Is Malawi's GDP per capita (current US$) rising or falling?
Malawi's GDP per capita (current US$) fell 17.5% from 2023 to 2024.
How does Malawi rank globally on GDP per capita (current US$)?
In 2024, Malawi ranked #190 out of 192 countries reporting GDP per capita (current US$).
How does Malawi's GDP per capita (current US$) compare to the world average?
The global average for GDP per capita (current US$) in 2024 was 21,312.22, so Malawi is below the world average. Within Sub-Saharan Africa, it ranks #44 of 46.
What is GDP per capita (current US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.PCAP.CD), CC BY 4.0.