Malawi at a glance 9/15/04

Sub-
POVERTY and SOCIAL Saharan Low-
Malawi Africa income Development diamond*
2003
Population, mid-year (millions) 11.0 703 2,310 Life expectancy
GNI per capita (Atlas method, US$) 160 490 450
GNI (Atlas method, US$ billions) 1.8 347 1,038
Average annual growth, 1997-03
Population (%) 2.1 2.3 1.9
GNI Gross
Labor force (%) 2.0 2.4 2.3
per primary
Most recent estimate (latest year available, 1997-03) capita enrollment
Poverty (% of population below national poverty line) 65 .. ..
Urban population (% of total population) 16 36 30
Life expectancy at birth (years) 38 46 58
Infant mortality (per 1,000 live births) 113 103 82
Child malnutrition (% of children under 5) 25 .. 44 Access to improved water source
Access to an improved water source (% of population) 57 58 75
Illiteracy (% of population age 15+) 38 35 39
Gross primary enrollment (% of school-age population) .. 87 92 Malawi
Male .. 94 99 Low-income group
Female .. 80 85

KEY ECONOMIC RATIOS and LONG-TERM TRENDS

1983 1993 2002 2003
Economic ratios*
GDP (US$ billions) 1.2 2.1 1.9 1.7
Gross domestic investment/GDP 22.8 15.2 12.5 8.1
Trade
Exports of goods and services/GDP 20.8 16.1 25.4 27.5
Gross domestic savings/GDP 15.2 -0.9 -5.8 -5.0
Gross national savings/GDP .. 0.2 -7.3 -7.0
Current account balance/GDP -10.9 -15.0 -23.9 -17.0 Domestic
Interest payments/GDP 2.5 1.3 0.8 .. Investment
savings
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 ..
Indebtedness
1983-93 1993-03 2002 2003 2003-07
(average annual growth)
GDP 2.8 3.0 1.8 4.4 3.9 Malawi Low-income group
GDP per capita 0.0 0.8 -0.3 2.3 1.7
Exports of goods and services 2.5 3.1 -3.8 -0.6 3.4

STRUCTURE of the ECONOMY

1983 1993 2002 2003 Growth of investment and GDP (%)
(% of GDP)
1500
Agriculture 42.3 48.9 36.7 38.4
1000
Industry 21.4 24.1 14.9 14.9
Manufacturing 14.3 15.7 9.9 9.5 500
Services 36.3 27.0 48.4 46.7 0
98 99 00 01 02 03
Private consumption 68.4 87.9 87.4 84.9 -500
General government consumption 16.4 13.0 18.4 20.1
GDI GDP
Imports of goods and services 28.3 32.2 43.7 40.6

1983-93 1993-03 2002 2003 Growth of exports and imports (%)

(average annual growth)
30
Agriculture 1.9 6.3 2.7 9.2
Industry 4.0 0.1 -7.4 4.3 15
Manufacturing 3.8 -2.0 -11.4 0.4
0
Services 3.5 2.5 4.2 0.8 98 99 00 01 02 03
-15
Private consumption 4.7 4.2 -2.5 -2.1
General government consumption 4.8 1.0 3.4 16.4 -30
Gross domestic investment 0.9 -12.8 992.6 -39.3 Exports Imports
Imports 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.
 Malawi
PRICES and GOVERNMENT FINANCE
1983 1993 2002 2003 Inflation (%)
Domestic prices
50
(% change)
40
Consumer prices 13.5 22.8 14.7 9.6
30
Implicit GDP deflator 11.2 28.2 15.1 11.2
20
Government finance 10
(% of GDP, includes current grants) 0
Current revenue 19.9 17.1 18.8 21.9 98 99 00 01 02 03
Current budget balance -0.2 -3.6 -7.1 -6.3 GDP deflator CPI
Overall surplus/deficit -10.3 -8.8 -14.6 -16.1

TRADE
1983 1993 2002 2003
Export and import levels (US$ mill.)
(US$ millions)
Total exports (fob) .. 317 421 453 1,000
Tobacco .. 213 246 272
Tea .. 36 45 46 750
Manufactures .. 32 60 61
500
Total imports (cif) .. 666 796 583
Food .. 5 41 20 250
Fuel and energy .. 40 97 51
Capital goods .. 272 317 347 0
97 98 99 00 01 02 03
Export price index (1995=100) .. 85 85 87
Import price index (1995=100) .. 89 91 92 Exports Imports
Terms of trade (1995=100) .. 96 93 94

BALANCE of PAYMENTS
1983 1993 2002 2003
Current account balance to GDP (%)
(US$ millions)
Exports of goods and services 270 334 477 461 0
97 98 99 00 01 02 03
Imports of goods and services 347 667 904 724
Resource balance -78 -333 -427 -263
-10
Net income -64 -42 -37 -44
Net current transfers .. 64 10 10
Current account balance -133 -311 -449 -291 -20

Financing items (net) 88 311 338 292

Changes in net reserves 46 0 111 -1 -30

Memo:
Reserves including gold (US$ millions) .. .. .. ..
Conversion rate (DEC, local/US$) 1.2 4.4 76.7 97.7

EXTERNAL DEBT and RESOURCE FLOWS

1983 1993 2002 2003
(US$ millions) Composition of 2002 debt (US$ mill.)
Total debt outstanding and disbursed 892 1,826 2,912 ..
IBRD 73 67 2 .. G: 130 A: 2
IDA 205 1,062 1,770 .. F: 10
E: 415
Total debt service 81 78 36 ..
IBRD 9 15 2 ..
IDA 2 12 16 ..
Composition of net resource flows D: 490
Official grants 39 203 188 ..
B: 1,770
Official creditors 55 163 59 ..
Private creditors -14 -12 0 ..
Foreign direct investment 3 8 6 .. C: 95
Portfolio equity 0 0 0 ..
World Bank program
Commitments 55 77 7 .. A - IBRD E - Bilateral
Disbursements 32 146 51 .. B - IDA D - Other multilateral F - Private
Principal repayments 3 13 7 .. C - IMF G - Short-term
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