Malawi: Imports of goods and services (% of GDP)
In , Malawi's Imports of goods and services (% of GDP) was 31.19.
That's down 3.4% from 2022, the highest value since .
The global average for this indicator in 2023 was 47.94 .
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2023
Trend (2017–2023)
- 2020 · COVID-19 pandemic
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 32.63
- Trough
- 30.03
- 1-year change
- -3.4%
- 5-year change
- -2.2%
- -0.5% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 31.1926 | |
| 32.2742 | |
| 31.8838 | |
| 30.0276 | |
| 31.2060 | |
| 31.9060 | |
| 32.6252 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Malawi's Imports of goods and services (% of GDP) in 2023?
- In 2023, Malawi's Imports of goods and services (% of GDP) was 31.19, according to World Bank Open Data.
- Is Malawi's Imports of goods and services (% of GDP) rising or falling?
- Malawi's Imports of goods and services (% of GDP) fell 3.4% from 2022 to 2023.
- How does Malawi's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2023 was 47.94, so Malawi is below the world average.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.