The Southern African nation of Malawi is landlocked sharing borders with Mozambique, Zambia
Malawi is a peaceful country that has had stable governments since independence in 1964. One-party rule ended in 1993 and since then the country has held five multi-party presidential and parliamentary elections. The sixth elections on May 21,
In 2017, real gross domestic product (GDP) growth picked up to 4% from 2.5% in 2016. The growth outlook for 2018 is likely to be adversely impacted by an anticipated negative impact of erratic rains and fall armyworm infestation on agriculture production. Despite external shocks, the government managed to contain fiscal slippages with the deficit narrowing to 4.8% of GDP. After six years of
Encouraging progress has been made in human development in recent years. Life expectancy is up to 63.9 years in 2017 from 62.8 in 2016. The total fertility rate is down to 4.4 children per woman from 6.7
Malawi’s challenges are multi-pronged. Vulnerability to external shocks (e.g. weather, health) is a major challenge. The weather will remain a key part of the economic cycle, with the negative impact of bad weather compounded by factors such as population growth and environmental degradation. Shortage of energy still stands out with about 10% of the population having access to electricity. Infrastructure development, the manufacturing base, and adoption of technology are low. Corruption levels seem to be worsening with Transparency International ranking Malawi at 120/175 economies in 2017 compared to 112 in 2016.
Last Updated: Apr 19, 2018