Georgia vs Malawi: Economic Indicators Comparison

Georgia with a GDP of $17.6B ranked the 119th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Georgia and Malawi ranked 54th vs 63rd and 111th vs 195th, respectively.

Gross Domestic Product & Income

StatGeorgiaMalawi
GDP$17.6B$7.1B
GDP growth, 1 year4.7%3.2%
GDP growth, 5-years average4%3.6%
Population3.7M18.6M
GDP per capita$4.7k$389
GDP per capita growth4.72%0.8%
Purchasing Power Parity conversion factor1217.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.3
GDP per capita, PPP adjusted$11k$1.2k
GNI, Atlas method$16.6B$6.5B
GNI per capita$4.4k$360
GNI, PPP adjusted$42.9B$23.7B
GNI per capita, PPP adjusted$12k$1.3k

Financial system and Human development

StatGeorgiaMalawi
Income Tax Rate20%30%
Corporate Tax Rate15%30%
Inflation, consumer prices2.6%9.2%
Inflation, GDP deflator4.4%8.6%
Unemployment14.1%5.4%
Economic Freedom Index77.152.8
Personal Freedom Index7.47.18
Human Freedom Index7.486.68
Property Rights Index68.643.1
Judical Effectiveness Index57.942.1
Business Freedom Index85.341.9
Fiscal Health Index94.423.6
Labor Freedom Index76.362.8
Investment Freedom Index8050
Financial Freedom Index7050
Trade Freedom Index88.675.4
Monetary Freedom Index78.369.1
Government Spending Index73.671.7
Tax Burden Index87.179
Government Integrity Index64.824.8
Corruption Perceptions Index5832
Life expectancy at birth, years73.463.3
Suicide mortality rate, per 100,000 people8.23.7
Mortality caused by road traffic injury, per 100,000 people15.331
Intentional homicides, per 100,000 people11.7
International tourism, number of arrivals4.8M871k

Government debt & reserves

StatGeorgiaMalawi
Central government debt, % of GDP44.5%61.3%
External debt stocks, % of GNI110.6%32.2%
External debt stocks$17.1B$2.3B
Short-term debt, % of total reserves81.1%3%
Total debt service, % of exports and primary income23.7%5.7%
Adjusted net savings including particulate emission damage, % of GNI12.5%-16.7%
Gross savings, % of GDP21%13.2%
Gross capital formation, % of GDP28.1%13.4%
Total reserves including gold$3.3B$759.6M
Foreign direct investment net inflows$1.2B$102M

Exports, imports and economic structure

StatGeorgiaMalawi
Exports of goods and services, % of GDP50.6%29.2%
Imports of goods and services, % of GDP61.2%36.2%
Current account balance (balance of payments)-$1.2B-$1.4B
Revenue excluding grants, % of GDP23%18.1%
Grants excluding technical cooperation, BoP$314.1M$973.7M
Personal remittances received$2B$181.6M
Industry including construction value added, % of GDP19.9%14.4%
Agriculture, forestry and fishing value added, % of GDP6.8%26.1%
Charges for the use of intellectual property, payments BoP$27.1M$3.2M
Charges for the use of intellectual property, receipts BoP$270kN/A
Expense, % of GDP21.4%20.9%
Government Expenditure, % of GDP29.6%30.7%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
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
Azerbaijan
$4.7k
10M
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
Bolivia
$3.5k
11.1M

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