Azerbaijan vs Malawi: Economic Indicators Comparison

Azerbaijan with a GDP of $46.9B ranked the 88th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Azerbaijan and Malawi ranked 164th vs 63rd and 110th vs 195th, respectively.

Gross Domestic Product & Income

StatAzerbaijanMalawi
GDP$46.9B$7.1B
GDP growth, 1 year1.4%3.2%
GDP growth, 5-years average0.4%3.6%
Population10M18.6M
GDP per capita$4.7k$389
GDP per capita growth0.51%0.8%
Purchasing Power Parity conversion factor0.44217.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.3
GDP per capita, PPP adjusted$18k$1.2k
GNI, Atlas method$40.3B$6.5B
GNI per capita$4.1k$360
GNI, PPP adjusted$170B$23.7B
GNI per capita, PPP adjusted$17k$1.3k

Financial system and Human development

StatAzerbaijanMalawi
Income Tax Rate25%30%
Corporate Tax Rate20%30%
Inflation, consumer prices2.3%9.2%
Inflation, GDP deflator11.9%8.6%
Unemployment5.2%5.4%
Economic Freedom Index69.352.8
Personal Freedom Index6.737.18
Human Freedom Index6.446.68
Property Rights Index67.143.1
Judical Effectiveness Index53.942.1
Business Freedom Index80.841.9
Fiscal Health Index99.223.6
Labor Freedom Index66.262.8
Investment Freedom Index7050
Financial Freedom Index6050
Trade Freedom Index74.675.4
Monetary Freedom Index69.869.1
Government Spending Index6371.7
Tax Burden Index8879
Government Integrity Index38.724.8
Corruption Perceptions Index2532
Life expectancy at birth, years72.763.3
Suicide mortality rate, per 100,000 people2.63.7
Mortality caused by road traffic injury, per 100,000 people8.731
Intentional homicides, per 100,000 people21.7
International tourism, number of arrivals2.6M871k

Government debt & reserves

StatAzerbaijanMalawi
Central government debt, % of GDP19.4%61.3%
External debt stocks, % of GNI36.4%32.2%
External debt stocks$16.2B$2.3B
Short-term debt, % of total reserves8.5%3%
Total debt service, % of exports and primary income10.5%5.7%
Adjusted net savings including particulate emission damage, % of GNI9.5%-16.7%
Gross savings, % of GDP33%13.2%
Gross capital formation, % of GDP20.1%13.4%
Total reserves including gold$6.7B$759.6M
Foreign direct investment net inflows$1.4B$102M

Exports, imports and economic structure

StatAzerbaijanMalawi
Exports of goods and services, % of GDP54.3%29.2%
Imports of goods and services, % of GDP37.7%36.2%
Current account balance (balance of payments)$6.1B-$1.4B
Revenue excluding grants, % of GDP35.1%18.1%
Grants excluding technical cooperation, BoP$45.7M$973.7M
Personal remittances received$1.2B$181.6M
Industry including construction value added, % of GDP52.2%14.4%
Agriculture, forestry and fishing value added, % of GDP5.3%26.1%
Charges for the use of intellectual property, payments BoP$28.2M$3.2M
Charges for the use of intellectual property, receipts BoP$28kN/A
Expense, % of GDP28%20.9%
Government Expenditure, % of GDP35.1%30.7%

Compare with countries close by GDP per capita

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k

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