Cuba vs Malawi: Economic Indicators Comparison

Cuba with a GDP of $100B ranked the 64th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Cuba and Malawi ranked 130th vs 63rd and 82nd vs 195th, respectively.

Gross Domestic Product & Income

StatCubaMalawi
GDP$100B$7.1B
GDP growth, 1 year2.3%3.2%
GDP growth, 5-years average2%3.6%
Population11.5M18.6M
GDP per capita$8.8k$389
GDP per capita growth2.26%0.8%
Purchasing Power Parity conversion factor0.32217.52
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.3
GDP per capita, PPP adjusted$14k$1.2k
GNI, Atlas method$84.8B$6.5B
GNI per capita$7.5k$360
GNI, PPP adjustedN/A$23.7B
GNI per capita, PPP adjustedN/A$1.3k

Financial system and Human development

StatCubaMalawi
Income Tax Rate50%30%
Corporate Tax Rate30%30%
Inflation, consumer prices6.9%9.2%
Inflation, GDP deflator1%8.6%
Unemployment2.3%5.4%
Economic Freedom Index26.952.8
Personal Freedom Index5.47.18
Human Freedom Index5.26.68
Property Rights Index20.143.1
Judical Effectiveness Index1042.1
Business Freedom Index2041.9
Fiscal Health Index14.823.6
Labor Freedom Index2062.8
Investment Freedom Index1050
Financial Freedom Index1050
Trade Freedom Index65.675.4
Monetary Freedom Index64.169.1
Government Spending Index071.7
Tax Burden Index49.579
Government Integrity Index38.724.8
Corruption Perceptions Index4732
Life expectancy at birth, years78.763.3
Suicide mortality rate, per 100,000 people13.93.7
Mortality caused by road traffic injury, per 100,000 people8.531
Intentional homicides, per 100,000 people51.7
International tourism, number of arrivals4.7M871k

Government debt & reserves

StatCubaMalawi
Central government debt, % of GDP51%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 GNIN/A-16.7%
Gross savings, % of GDPN/A13.2%
Gross capital formation, % of GDP12%13.4%
Total reserves including gold$144M$759.6M
Foreign direct investment net inflowsN/A$102M

Exports, imports and economic structure

StatCubaMalawi
Exports of goods and services, % of GDP14.5%29.2%
Imports of goods and services, % of GDP12.6%36.2%
Current account balance (balance of payments)N/A-$1.4B
Revenue excluding grants, % of GDPN/A18.1%
Grants excluding technical cooperation, BoP$510.6M$973.7M
Personal remittances receivedN/A$181.6M
Industry including construction value added, % of GDP25.1%14.4%
Agriculture, forestry and fishing value added, % of GDP3.8%26.1%
Charges for the use of intellectual property, payments BoPN/A$3.2M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/A20.9%
Government Expenditure, % of GDP64.8%30.7%

Compare with countries close by GDP per capita

Cuba vs

CountryGDP
per capita
Population
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M

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