The Gambia vs Malawi: Economic Indicators Comparison

Malawi with a GDP of $7.1B ranked the 150th largest economy in the world, while the Gambia ranked 178th with $1.6B. By GDP 5-years average growth and GDP per capita, Malawi and the Gambia ranked 63rd vs 80th and 195th vs 183rd, respectively.

Gross Domestic Product & Income

StatGambiaMalawi
GDP$1.6B$7.1B
GDP growth, 1 year6.6%3.2%
GDP growth, 5-years average3.3%3.6%
Population2.1M18.6M
GDP per capita$716$389
GDP per capita growth3.45%0.8%
Purchasing Power Parity conversion factor13.2217.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.3
GDP per capita, PPP adjusted$2.8k$1.2k
GNI, Atlas method$1.6B$6.5B
GNI per capita$710$360
GNI, PPP adjusted$5.8B$23.7B
GNI per capita, PPP adjusted$2.6k$1.3k

Financial system and Human development

StatGambiaMalawi
Income Tax Rate35%30%
Corporate Tax Rate32%30%
Inflation, consumer prices6.5%9.2%
Inflation, GDP deflator5.2%8.6%
Unemployment8.9%5.4%
Economic Freedom Index56.352.8
Personal Freedom Index5.867.18
Human Freedom Index6.526.68
Property Rights Index43.943.1
Judical Effectiveness Index43.442.1
Business Freedom Index53.541.9
Fiscal Health Index25.323.6
Labor Freedom Index67.462.8
Investment Freedom Index6550
Financial Freedom Index5050
Trade Freedom Index64.675.4
Monetary Freedom Index63.369.1
Government Spending Index85.671.7
Tax Burden Index74.679
Government Integrity Index39.224.8
Corruption Perceptions Index3732
Life expectancy at birth, years61.463.3
Suicide mortality rate, per 100,000 people5.13.7
Mortality caused by road traffic injury, per 100,000 people29.731
Intentional homicides, per 100,000 people9.11.7
International tourism, number of arrivals552k871k

Government debt & reserves

StatGambiaMalawi
Central government debt, % of GDP83.2%61.3%
External debt stocks, % of GNI42.7%32.2%
External debt stocks$681.4M$2.3B
Short-term debt, % of total reserves9.4%3%
Total debt service, % of exports and primary income16.8%5.7%
Adjusted net savings including particulate emission damage, % of GNI-12.7%-16.7%
Gross savings, % of GDP8.6%13.2%
Gross capital formation, % of GDP17%13.4%
Total reserves including gold$191.8M$759.6M
Foreign direct investment net inflows$33M$102M

Exports, imports and economic structure

StatGambiaMalawi
Exports of goods and services, % of GDP21.9%29.2%
Imports of goods and services, % of GDP41.5%36.2%
Current account balance (balance of payments)-$78.6M-$1.4B
Revenue excluding grants, % of GDP10.1%18.1%
Grants excluding technical cooperation, BoP$126M$973.7M
Personal remittances received$203.6M$181.6M
Industry including construction value added, % of GDP15.6%14.4%
Agriculture, forestry and fishing value added, % of GDP19.9%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 GDP10.7%20.9%
Government Expenditure, % of GDP21.9%30.7%

Compare with countries close by GDP per capita

Gambia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
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
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

Malawi vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
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
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