23 ref. 4_malawi at a glance
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Malawi at a glance 9/15/04
Sub-POVERTY and SOCIAL Saharan Low-
Malawi Africa income2003Population, mid-year (millions) 11.0 703 2,310GNI per capita (Atlas method, US$) 160 490 450GNI (Atlas method, US$ billions) 1.8 347 1,038
Average annual growth, 1997-03
Population (%) 2.1 2.3 1.9Labor force (%) 2.0 2.4 2.3
Most recent estimate (latest year available, 1997-03)
Poverty (% of population below national poverty line) 65 .. ..Urban population (% of total population) 16 36 30Life expectancy at birth (years) 38 46 58Infant mortality (per 1,000 live births) 113 103 82Child malnutrition (% of children under 5) 25 .. 44Access to an improved water source (% of population) 57 58 75Illiteracy (% of population age 15+) 38 35 39Gross primary enrollment (% of school-age population) .. 87 92 Male .. 94 99 Female .. 80 85
KEY ECONOMIC RATIOS and LONG-TERM TRENDS
1983 1993 2002 2003
GDP (US$ billions) 1.2 2.1 1.9 1.7
Gross domestic investment/GDP 22.8 15.2 12.5 8.1Exports of goods and services/GDP 20.8 16.1 25.4 27.5Gross domestic savings/GDP 15.2 -0.9 -5.8 -5.0Gross national savings/GDP .. 0.2 -7.3 -7.0
Current account balance/GDP -10.9 -15.0 -23.9 -17.0Interest payments/GDP 2.5 1.3 0.8 ..Total debt/GDP 72.9 88.2 154.9 ..Total debt service/exports 29.8 20.4 7.1 ..Present value of debt/GDP .. .. 46.6 ..Present value of debt/exports .. .. 172.8 ..
1983-93 1993-03 2002 2003 2003-07(average annual growth)GDP 2.8 3.0 1.8 4.4 3.9GDP per capita 0.0 0.8 -0.3 2.3 1.7Exports of goods and services 2.5 3.1 -3.8 -0.6 3.4
STRUCTURE of the ECONOMY1983 1993 2002 2003
(% of GDP)Agriculture 42.3 48.9 36.7 38.4Industry 21.4 24.1 14.9 14.9 Manufacturing 14.3 15.7 9.9 9.5Services 36.3 27.0 48.4 46.7
Private consumption 68.4 87.9 87.4 84.9General government consumption 16.4 13.0 18.4 20.1Imports of goods and services 28.3 32.2 43.7 40.6
1983-93 1993-03 2002 2003(average annual growth)Agriculture 1.9 6.3 2.7 9.2Industry 4.0 0.1 -7.4 4.3 Manufacturing 3.8 -2.0 -11.4 0.4Services 3.5 2.5 4.2 0.8
Private consumption 4.7 4.2 -2.5 -2.1General government consumption 4.8 1.0 3.4 16.4Gross domestic investment 0.9 -12.8 992.6 -39.3Imports of goods and services 4.0 -0.1 17.6 -16.6
Note: 2003 data are preliminary estimates.This table was produced from the Development Economics central database.
* The diamonds show four key indicators in the country (in bold) compared with its income-group average. If data are missing, the diamond will be incomplete.
-500
0
500
1000
1500
98 99 00 01 02 03
GDI GDP
Growth of investment and GDP (%)
Malawi
Low-income group
Development diamond*
Life expectancy
Access to improved water source
GNIpercapita
Grossprimary
enrollment
-30
-15
0
15
30
98 99 00 01 02 03
Exports Imports
Growth of exports and imports (%)
Malawi Low-income group
Economic ratios*
Trade
Domesticsavings
Investment
Indebtedness
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Malawi
PRICES and GOVERNMENT FINANCE1983 1993 2002 2003
Domestic prices(% change)Consumer prices 13.5 22.8 14.7 9.6Implicit GDP deflator 11.2 28.2 15.1 11.2
Government finance(% of GDP, includes current grants)Current revenue 19.9 17.1 18.8 21.9Current budget balance -0.2 -3.6 -7.1 -6.3Overall surplus/deficit -10.3 -8.8 -14.6 -16.1
TRADE1983 1993 2002 2003
(US$ millions)Total exports (fob) .. 317 421 453 Tobacco .. 213 246 272 Tea .. 36 45 46 Manufactures .. 32 60 61Total imports (cif) .. 666 796 583 Food .. 5 41 20 Fuel and energy .. 40 97 51 Capital goods .. 272 317 347
Export price index (1995=100) .. 85 85 87Import price index (1995=100) .. 89 91 92Terms of trade (1995=100) .. 96 93 94
BALANCE of PAYMENTS1983 1993 2002 2003
(US$ millions)Exports of goods and services 270 334 477 461Imports of goods and services 347 667 904 724Resource balance -78 -333 -427 -263
Net income -64 -42 -37 -44Net current transfers .. 64 10 10
Current account balance -133 -311 -449 -291
Financing items (net) 88 311 338 292Changes in net reserves 46 0 111 -1
Memo:Reserves including gold (US$ millions) .. .. .. ..Conversion rate (DEC, local/US$) 1.2 4.4 76.7 97.7
EXTERNAL DEBT and RESOURCE FLOWS1983 1993 2002 2003
(US$ millions)Total debt outstanding and disbursed 892 1,826 2,912 .. IBRD 73 67 2 .. IDA 205 1,062 1,770 ..
Total debt service 81 78 36 .. IBRD 9 15 2 .. IDA 2 12 16 ..
Composition of net resource flows Official grants 39 203 188 .. Official creditors 55 163 59 .. Private creditors -14 -12 0 .. Foreign direct investment 3 8 6 .. Portfolio equity 0 0 0 ..
World Bank program Commitments 55 77 7 .. Disbursements 32 146 51 .. Principal repayments 3 13 7 .. Net flows 30 133 44 .. Interest payments 9 14 11 .. Net transfers 21 120 34 ..
The World Bank Group: This table was prepared by country unit staff; figures may differ from other World Bank published data. 9/15/04
-30
-20
-10
0
97 98 99 00 01 02 03
Current account balance to GDP (%)
0
250
500
750
1,000
97 98 99 00 01 02 03
Exports Imports
Export and import levels (US$ mill.)
0
10
20
30
40
50
98 99 00 01 02 03
GDP deflator CPI
Inflation (%)
G: 130 A: 2
D: 490
C: 95
B: 1,770
F: 10
E: 415
Composition of 2002 debt (US$ mill.)
A - IBRDB - IDA C - IMF
D - Other multilateralE - BilateralF - PrivateG - Short-term