Malawi: Trade (% of GDP)
In , Malawi's Trade (% of GDP) was 42.44.
That's down 2.7% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2023
Trend (2017–2023)
- 2020 · COVID-19 pandemic
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 45.30
- Trough
- 41.03
- 1-year change
- -2.7%
- 5-year change
- -2.6%
- -0.5% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 42.4377 | |
| 43.6166 | |
| 44.5958 | |
| 41.0323 | |
| 44.1955 | |
| 43.5788 | |
| 45.3003 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Malawi's Trade (% of GDP) in 2023?
- In 2023, Malawi's Trade (% of GDP) was 42.44, according to World Bank Open Data.
- Is Malawi's Trade (% of GDP) rising or falling?
- Malawi's Trade (% of GDP) fell 2.7% from 2022 to 2023.
- How does Malawi's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Malawi is below the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.