Austria vs Malawi: Economic Indicators Comparison

Austria with a GDP of $455.3B ranked the 28th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Austria and Malawi ranked 139th vs 63rd and 16th vs 195th, respectively.

Gross Domestic Product & Income

StatAustriaMalawi
GDP$455.3B$7.1B
GDP growth, 1 year2.7%3.2%
GDP growth, 5-years average1.8%3.6%
Population8.8M18.6M
GDP per capita$51k$389
GDP per capita growth1.85%0.8%
Purchasing Power Parity conversion factor0.79217.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.930.3
GDP per capita, PPP adjusted$52k$1.2k
GNI, Atlas method$436.3B$6.5B
GNI per capita$49k$360
GNI, PPP adjusted$489.3B$23.7B
GNI per capita, PPP adjusted$55k$1.3k

Financial system and Human development

StatAustriaMalawi
Income Tax Rate50%30%
Corporate Tax Rate25%30%
Inflation, consumer prices2.1%9.2%
Inflation, GDP deflator1.7%8.6%
Unemployment4.8%5.4%
Economic Freedom Index73.352.8
Personal Freedom Index9.027.18
Human Freedom Index8.426.68
Property Rights Index87.343.1
Judical Effectiveness Index73.242.1
Business Freedom Index7341.9
Fiscal Health Index87.923.6
Labor Freedom Index68.362.8
Investment Freedom Index9050
Financial Freedom Index7050
Trade Freedom Index86.475.4
Monetary Freedom Index8169.1
Government Spending Index27.271.7
Tax Burden Index51.379
Government Integrity Index8424.8
Corruption Perceptions Index7632
Life expectancy at birth, years81.663.3
Suicide mortality rate, per 100,000 people15.63.7
Mortality caused by road traffic injury, per 100,000 people5.231
Intentional homicides, per 100,000 people0.71.7
International tourism, number of arrivals30.8M871k

Government debt & reserves

StatAustriaMalawi
Central government debt, % of GDP74.2%61.3%
External debt stocks, % of GNIN/A32.2%
External debt stocksN/A$2.3B
Short-term debt, % of total reservesN/A3%
Total debt service, % of exports and primary incomeN/A5.7%
Adjusted net savings including particulate emission damage, % of GNI14.1%-16.7%
Gross savings, % of GDP27.6%13.2%
Gross capital formation, % of GDP25.1%13.4%
Total reserves including gold$23.2B$759.6M
Foreign direct investment net inflows$4.2B$102M

Exports, imports and economic structure

StatAustriaMalawi
Exports of goods and services, % of GDP55.8%29.2%
Imports of goods and services, % of GDP52%36.2%
Current account balance (balance of payments)$10.8B-$1.4B
Revenue excluding grants, % of GDP43.4%18.1%
Grants excluding technical cooperation, BoPN/A$973.7M
Personal remittances received$3.1B$181.6M
Industry including construction value added, % of GDP25.7%14.4%
Agriculture, forestry and fishing value added, % of GDP1.1%26.1%
Charges for the use of intellectual property, payments BoP$2B$3.2M
Charges for the use of intellectual property, receipts BoP$1.4BN/A
Expense, % of GDP44.2%20.9%
Government Expenditure, % of GDP49.3%30.7%

Compare with countries close by GDP per capita

Austria vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k

Malawi vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Somalia
$315
11M
Burundi
$272
10.9M