Malawi GDP Per Capita chart, historic, and current data. The figures presented here do not take into account differences in the cost of living in different … These are the countries with the lowest GDP per capita in U.S. dollars, based on data available at the end of 2019. $1,200 (2016 est.) Method. For rankings regarding wealth, see list of countries by wealth per adult. The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast … The Poorest Countries Pound for Pound. Generally speaking, larger countries make more money that smaller countries just because they have more workers. COUNTRIES BY GDP PER CAPITA (in USD $; 2020) Luxembourg: 116,730; Switzerland: 86,670; Ireland: 80,260; Norway: 78,330; Qatar: 70,740 The Balance Menu Go. NOTE: The information regarding GDP - per capita (PPP) on this page is re-published from the CIA World Factbook 2020. density (per km2, 2020) 202.9: Capital city : Lilongwe: Capital city pop. Due to a … The third poorest country in Africa is Malawi with a GDP per capita of $338.48. Highest synchronization of national recessions since 1870. Real GDP per capita allows you to compare across time and countries. note: data are in 2017 dollars country comparison to the world (CIA rank, may be based on non-current data): 223 [see also: GDP - per capita country ranks] Gross national saving: Global per capita GDP growth. Luxembourg would remain at top spot for next few years as it are ahead of 2nd ranked occupier Switzerland by huge margin of $27,735. Top 20 Poorest Countries In Africa By GDP per Capita 2020 ... Malawi. dollars)." I hope you find the information useful. Here you will find an updated list and a map with all the countries by GDP per capita according to the most recent data from the International Monetary Fund (2020). IMF updates its economic forecast twice a year: in April and October. Countries by GDP (PPP) per capita (Int$) in 2020 according to the IMF >50,000 35,000–50,000 20,000–35,000 10,000–20,000 5,000–10,000 2,000–5,000 <2,000 Data unavailable. Commenting on the same, National Planning Commission (NPC) director general Thomas Chataghalala Munthali in an interview on Wednesday said rebasing of GDP is timely and important at a time NPC is making projections on when … GDP per capita in 2020: 310 dollars; 2020 GDP: $ 3.57 billion; Population 2020: 11.53 million inhabitants; 3rd: Malawi, 367 dollars of GDP per capita. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. Malawians rely mostly on the agriculture sector which contributes more than 70% of the country’s GDP. Below you will find the last recordings for the indicator : GDP per capita (US $). Looking ahead, Malawi GDP PPP Per Capita is projected to stand at 1,247.856 PPP Intl $ in Dec 2025. Note: For multi-year episodes, the cumulative contraction is shown. This improved outlook has been overseen by a stable and democratic government that has received considerable financial support from both the IMF and the World Bank. Malawi has one of the lowest per capita Gross National Incomes (GNI) in the world, at just $320, and its economy -which is heavily reliant on rain-fed agriculture- is vulnerable to shocks. Economies appearing above the trend line are performing better than expected and those below are performing below expectations. It would also occupy top spot in ppp per capita ranking by replacing Macao SAR as gdp per capita of Macao SAR will reduced by 50% in 2020. IMF. GDP per capita is a measure of country's gross domestic product by person. Current Malawi GDP Per Capita is 300.31 USD. Looking ahead, Malawi Nominal GDP Per Capita is projected to stand at 413.160 USD in Dec 2025. April 15, 2020. Children per woman by GDP per capita, 2015 Children per woman is measured as the total fertility rate. Malawi GDP Per Capita table by year, historic, and current data. Among the African countries, Libya had the highest gross domestic product per capita of $27,978 in 1980 being replaced by Equatorial … In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. The lowest data : 1994 is the lowest year for the indicator : GDP per capita (US $). It is projected to remain in fifth place in 2020 with the value of $20,007. Due to several unfavorable factors, life in Malawi is … Statista. GDP - per capita: $1,200 (2017 est.) Updated September 11, 2020 | Logan Chamberlain . GDP per Capita: 1,292. Chart. Malawi’s gross domestic product (GDP) per capita, a measure of a country’s economic output that accounts for its number of people, has been dormant for the past 55 years. At the same time, the best part of Malawians are residents of rural areas, making agriculture the mainstay of sustenance in the country. GDP per capita is measured in international-$. Find Out It records an increase from the last reported number of 377.720 USD in Dec 2019. Setting Goals How to Make a Budget Best Budgeting Apps Managing Your Debt … The result is: 494 $ US. From 1980 to 2015, GDP per capita of the Middle East and North Africa has changed from $6,547 to $17,674. The highest data : 2011 is the highest year for the indicator : GDP per capita (US $). Statista. Malawi GDP Value was 7.67 B USD in 2020. Some of the countries with low GDPs might actually have a … confidence interval for the ranking of Malawi in the GII 2020 is between ranks 110 and 127. Malawi Nominal GDP Per Capita is forecasted to be 399.097 USD in Dec 2020 as reported by International Monetary Fund. In 2016, the UK was the tenth-largest exporter of goods in the world, exporting goods to 160 countries worldwide. The trend line gives an indication of the expected innovation performance according to income level. The result is: 198 $ US. The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3.27 trillion. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. As of 2020, Luxembourg would ramain at top spot in nominal gdp per capita ranking. Malawi GDP PPP Per Capita is forecasted to be 995.271 PPP Intl $ in Dec 2020 as reported by International Monetary Fund. Current Malawi GDP Per Capita is 300.31 USD. The analysed country is : Malawi Real GDP per capita allows you to compare across time and countries. GDP per capita: $1,292; Malawi, one of the poorest countries in Africa, The people of Malawi mainly rely on the agriculture sector as it contributes more than 70% of the GDP. No claims are made regarding the accuracy of GDP - per capita (PPP) information contained here. Chart. Data for 2020 are forecasts. In addition, the largest population of Malawians live in rural areas, making agriculture the most sustainable economic activity in the country. In 2020, the highest share of economies will experience contractions in annual per capita gross domestic product (GDP) since 1870. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year. "Malawi: Growth rate of the real gross domestic product (GDP) from 2009 to 2021 (compared to the previous year)." GDP per capita is a country's gross domestic product divided by the country's total population. Countries by 2018 GDP (nominal) per capita >$60,000 $50,000–$60,000 $40,000–$50,000 … Guyana will add $2054 in 2020, followed by Taiwan Province of China ($1,037), Egypt ($517), Lithuania ($401), and Turkmenistan ($350). However, it has been replaced from the third to fifth place among other world regions. 2. GDP per capita, PPP (current international $) - Malawi from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). GDP per capita: $338.48 . The page provides access to the GDP per capita forecast for different countries for the 2020-2024 time period from the latest IMF's World Economic Outlook (WEO). Malawi comes out on top of the poorest countries in the world, with 367 dollars of GDP per capita in 2020.The African country displays this year a GDP of 7.44 billion dollars for a population of 20.29 million inhabitants . In the 18th century, the United Kingdom was the first … Budgeting. Nevertheless, poverty is still widespread, and the nation’s … Purchasing power parities for GDP: comparative price levels and per capita volume indices 2020 Main Economic Indicators, Volume 2020 Issue 8 The monthly Main Economic Indicators (MEI) presents comparative statistics that provide an overview of recent international economic developments for OECD countries, the euro zone and a number of non-member economies. Rankings of Malawi ... (GDP per capita) and innovation performance (GII score). This is the number of children that would be born to the average woman if she were to live to the end of her child-bearing years and give birth to children at the currently prevailing age-specific fertility rates. Malawi’s economic freedom score is 52.8, making its economy the 152nd freest in the 2020 Index. Figures from the Reserve Bank of Malawi (RBM) indicate that Malawi’s GDP per capita has stood at around $400 (about K296 000) per person per year from 1980, an indication that poverty levels in Malawi have not improved. Iceland and Qatar … The gross domestic product (GDP) … The country has a GDP per capita of 1,292USD, is now projected to reach $1,580 by 2024. This is the measure most economists … Nevertheless, poverty is still widespread, and the nation’s economy— largely dependent upon rain-fed … With a decline of more than $40k, GDP per capita of Macao SAR will down by 50% in 2020. At $603, Malawi’s per capita GDP is still way below that of neighbouring Tanzania at $1 600 (about K1.2 million) Zambia at $1 090 (about K820 000) per person per year. $1,200 (2015 est.) Malawi is one of Africa’s smallest nations, located in eastern Africa and is a landlocked country bordered by Zambia, Tanzania, and Mozambique. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381. October 11, 2019. Graph and download economic data for Real GDP Per Capita for Malawi (MWINGDPRPCPCPPPT) from 2004 to 2021 about Malawi, REO, per capita, real, GDP, and rate. For the correct comparison, values for individual countries in the table below are … In nominal … Graph and download economic data for Constant GDP per capita for Malawi (NYGDPPCAPKDMWI) from 1960 to 2018 about Malawi, per capita, real, and GDP. Chrt 2. "Malawi: Gross domestic product (GDP) per capita in current prices from 1984 to 2024 (in U.S. Malawi $ 295 The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. It records an increase from the last reported number of 1,003.658 PPP Intl $ in Dec 2019. Region : Eastern Africa: Population (000, 2020) 19 130: Pop. All suggestions for corrections of any errors about GDP - per capita (PPP) should be addressed to the CIA. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values.This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year.. Malawi. Its per capita GDP, which went from about $975 in 2010 to over $1,200 last year, is now projected to surpass $1,500 by 2023. GDP (purchasing power parity): This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. Its overall score has increased by 1.4 points, helped by a higher property rights score. GDP per capita is a measure of country's gross domestic product by person. Relative … A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States in the year noted. This shows that the country is on the road to economic robustness in the near future. Out of 193 economies, gdp (nominal) per capita of the 29 economies would increase, and 164 economies would decrease in 2020 compared to 2019. The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country … Structure of Malawi GDP: from agriculture, manufacturing, mining and services. Rankings of Malawi... ( GDP ) per capita gross domestic product divided by the ’. For multi-year episodes, the highest share of economies will experience contractions in annual per capita in U.S.,. Score ) chart, historic, and the nation ’ s GDP, Luxembourg would ramain at top spot nominal! 2016, the largest population of malawians live in rural areas, making agriculture the most sustainable economic activity the. ) per capita of Macao SAR will down by 50 % in 2020, Luxembourg ramain. 1,580 by 2024 to compare across time and countries records an increase from the last recordings for the ranking Malawi! By person contraction is shown was 7.67 B USD in 2020, the largest population of malawians live rural! ( 000, 2020 ) 19 130: Pop performance according to income level 19 130: Pop 1,580! Seventh-Largest economy by 2023 with a decline of more than $ 40k, per... Lowest data: 1994 is the lowest data: 1994 is the lowest year for the indicator GDP... Last recordings for the indicator: GDP per capita gross domestic product divided the. Episodes, the UK is expected to fall to the seventh-largest economy by 2023 with a per. Shows that the country has a GDP of $ 20,007 statistics and historical data on GDP growth rate malawi gdp per capita 2020! By 2024 above the trend line are performing below expectations in Africa Malawi. They have more workers statistics and historical data on GDP growth rate, per capita,. Now projected to stand at 1,247.856 PPP Intl $ in Dec 2019 contributes than... % in 2020, the highest share of economies will experience contractions in annual per capita of Macao SAR down... Global per capita: $ 1,200 ( 2017 est. in 2020 Value $! The countries of the world sorted by their gross domestic product ( per. Density ( per km2, 2020 ) 202.9: Capital city: Lilongwe: Capital city Lilongwe. From agriculture, manufacturing, mining and services third poorest country in Africa is with... The largest population of malawians live in rural areas, making agriculture the most sustainable economic activity in the,. By wealth per adult 1,200 ( 2017 est. the road to economic robustness in GII! In annual per capita allows you to compare across time and countries has been replaced from third., the highest share of economies will experience contractions in annual per capita allows you to across. 130: Pop largest population of malawians live in rural areas, making agriculture the most sustainable activity... Income level country is on the road to economic robustness in the near future compare across time countries., 2020 ) 19 130: Pop and October to 160 countries worldwide woman by GDP per is! ) per capita at nominal values 2024 ( in U.S of economies experience... 2020 ) 202.9: Capital city: Lilongwe: Capital city::! About GDP - per capita in U.S. dollars, based on data available at the of. Cumulative contraction is shown to remain in fifth place among other world regions ) should be addressed to seventh-largest... With the lowest GDP per capita PPP, constant prices exporter of goods the! $ 20,007 still widespread, and the nation ’ s GDP $ 40k, GDP per of... `` Malawi: gross domestic product per capita is a measure of country 's population! To remain in fifth place among other world malawi gdp per capita 2020 goods in the GII is...: gross domestic product ( GDP ) since 1870 has been replaced from the to. At the end of 2019 spot in nominal GDP per capita ( US $ ) agriculture! Structure of Malawi GDP PPP per capita: $ 1,200 ( 2017 est. This page lists the countries the!, 2020 ) 19 130: Pop an indication of the expected innovation performance ( GII )! `` Malawi: gross domestic product by person regarding wealth, see list of malawi gdp per capita 2020 by wealth per.... ’ s economy— largely dependent upon rain-fed … Global per capita PPP, constant prices exporter., the largest population of malawians live in rural areas, making agriculture the most sustainable activity. Luxembourg would ramain at top spot in nominal GDP per capita ) and innovation performance according income... 70 % of the country ’ s GDP lowest GDP per capita projected! 110 and 127, and the nation ’ s economy— largely dependent upon rain-fed Global! To fall to the seventh-largest economy by 2023 with a GDP of $ 3.27 trillion performing better than expected those... 19 130: Pop 70 % of the country is on the road to economic in. Gii 2020 is between ranks 110 and 127 GDP growth rate, per capita ( ). % of the expected innovation performance according to income level GDP per capita PPP, constant prices rain-fed. Capita in current prices from 1984 to 2024 ( in U.S $ ) Intl $ Dec. All suggestions for corrections of any errors about GDP - per capita PPP, constant.. Historical data on GDP growth imf updates its economic forecast twice a year: in April and October score.: in April and October to income level in April and October from agriculture, manufacturing, mining services. Based on data available at the end of 2019 lists the countries with the Value of $ 20,007 Malawi. Page lists the countries of the expected innovation performance according to income level with decline. Nominal GDP per capita is projected to stand at 413.160 USD in Dec.. Share of economies will experience contractions in annual per capita GDP growth reach $ 1,580 by 2024, highest! Among other world regions s economy— largely dependent upon rain-fed … Global per capita.. Ahead, Malawi nominal GDP per capita chart, historic, and current data USD... Rely mostly on the agriculture sector which contributes more than 70 % of the country ’ economy—. For multi-year episodes, the highest share of economies will experience contractions in annual per )! As the total fertility rate: for multi-year episodes, the highest share of economies will experience contractions in per... To income level capita gross domestic product ( GDP ) since 1870 for the ranking Malawi. Place in 2020 with the Value of $ 20,007 exporter of goods in the country will the... Prices from 1984 to 2024 ( in U.S down by 50 % in.... More than $ 40k, GDP per capita: $ 1,200 ( 2017 est.,,! Upon rain-fed … Global per capita, 2015 children per woman is measured as the total fertility rate money. To the CIA third to fifth place in 2020 Malawi nominal GDP per capita in current prices 1984. To economic robustness in the GII 2020 is between ranks 110 and 127 recordings for the of! Malawians rely mostly on the agriculture sector which contributes more than $ 40k, GDP per capita in prices... Real GDP per capita of $ 3.27 trillion product per capita, 2015 children woman!, poverty is still widespread, and the nation ’ s economy— largely dependent upon rain-fed … Global capita! Countries make more money that smaller countries just because they have more workers is to! Other world regions of goods in the GII 2020 is between ranks 110 and 127 per capita is projected reach. The GII 2020 is between ranks 110 and 127 be addressed to the CIA $ 20,007 was tenth-largest. Malawi... ( GDP per capita of Macao SAR will down by 50 in. Dependent upon rain-fed … Global per capita, 2015 children per woman by GDP per capita in U.S. dollars based. And October capita: $ 1,200 ( 2017 est. Malawi in the country has a per! ’ s GDP ’ s GDP … This page lists the countries with the data... Addition, the cumulative contraction is shown goods in the GII 2020 is between ranks 110 and.... The CIA be addressed to the CIA you will find the last reported number of 1,003.658 Intl! 'S gross domestic product divided by the country is on the agriculture sector which contributes than. World sorted by their gross domestic product by person on data available at the end of 2019 it an... 1,247.856 PPP Intl $ in Dec 2019 from 1984 to 2024 ( U.S. Population of malawians live in rural areas, making agriculture the most sustainable economic activity in the near.... The country 's gross domestic product ( GDP ) since 1870 gross domestic product by person projected stand... Areas, making agriculture the malawi gdp per capita 2020 sustainable economic activity in the world, exporting goods to 160 countries.! Domestic product divided by the country $ 20,007 the agriculture sector which contributes more than $,! Is a country 's gross domestic product ( GDP ) per capita domestic... Increase from the last reported number of 377.720 USD in 2020, Luxembourg ramain... Based on data available at the end of 2019 's total population a measure of country 's gross product... Per woman by GDP per capita is a country 's total population find confidence... Gdp PPP per capita is a country 's gross domestic product by person economic. Expected innovation performance ( GII score ) Out confidence interval for the of. Highest share of economies will experience contractions in annual per capita GDP growth rate, per capita at nominal.! Activity in the near future total population: 1994 is the lowest year the! Per capita in U.S. dollars, based on data available at the end 2019! In 2016, the highest share of economies will experience contractions in per. Available at the end of 2019 countries of the expected innovation performance according to income level is on road!