Grenada vs Malawi: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Grenada |  Malawi |
|---|---|---|
| GDP | $1.2B | $7.1B |
| GDP growth, 1 year | 4.18% | 3.2% |
| GDP growth, 5-years average | N/A | 3.6% |
| Population | 108k | 18.6M |
| GDP per capita | $11k | $389 |
| GDP per capita growth | 3.64% | 0.8% |
| Purchasing Power Parity conversion factor | 1.85 | 217.52 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.68 | 0.3 |
| GDP per capita, PPP adjusted | $16k | $1.2k |
| GNI, Atlas method | $1.1B | $6.5B |
| GNI per capita | $9.7k | $360 |
| GNI, PPP adjusted | $1.6B | $23.7B |
| GNI per capita, PPP adjusted | $14k | $1.3k |
Financial system and Human development
| Stat | Grenada | Malawi |
|---|---|---|
| Income Tax Rate | N/A | 30% |
| Corporate Tax Rate | N/A | 30% |
| Inflation, consumer prices | 0.8% | 9.2% |
| Inflation, GDP deflator | 1% | 8.6% |
| Unemployment | 22.9% | 5.4% |
| Economic Freedom Index | 63 | 52.8 |
| Personal Freedom Index | 6 | 7.18 |
| Human Freedom Index | 6 | 6.68 |
| Property Rights Index | N/A | 43.1 |
| Judical Effectiveness Index | N/A | 42.1 |
| Business Freedom Index | N/A | 41.9 |
| Fiscal Health Index | N/A | 23.6 |
| Labor Freedom Index | N/A | 62.8 |
| Investment Freedom Index | N/A | 50 |
| Financial Freedom Index | N/A | 50 |
| Trade Freedom Index | N/A | 75.4 |
| Monetary Freedom Index | N/A | 69.1 |
| Government Spending Index | N/A | 71.7 |
| Tax Burden Index | N/A | 79 |
| Government Integrity Index | N/A | 24.8 |
| Corruption Perceptions Index | 52 | 32 |
| Life expectancy at birth, years | 72.4 | 63.3 |
| Suicide mortality rate, per 100,000 people | 1.7 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 9.3 | 31 |
| Intentional homicides, per 100,000 people | 11.1 | 1.7 |
| International tourism, number of arrivals | 185k | 871k |
Government debt & reserves
| Stat | Grenada | Malawi |
|---|---|---|
| Central government debt, % of GDP | N/A | 61.3% |
| External debt stocks, % of GNI | 58.8% | 32.2% |
| External debt stocks | $644.9M | $2.3B |
| Short-term debt, % of total reserves | 50.4% | 3% |
| Total debt service, % of exports and primary income | 8.4% | 5.7% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | -16.7% |
| Gross savings, % of GDP | N/A | 13.2% |
| Gross capital formation, % of GDP | N/A | 13.4% |
| Total reserves including gold | $233.8M | $759.6M |
| Foreign direct investment net inflows | $153.7M | $102M |
Exports, imports and economic structure
| Stat | Grenada | Malawi |
|---|---|---|
| Exports of goods and services, % of GDP | 54.2% | 29.2% |
| Imports of goods and services, % of GDP | 55.2% | 36.2% |
| Current account balance (balance of payments) | -$116.3M | -$1.4B |
| Revenue excluding grants, % of GDP | N/A | 18.1% |
| Grants excluding technical cooperation, BoP | $250k | $973.7M |
| Personal remittances received | $48.5M | $181.6M |
| Industry including construction value added, % of GDP | 13.3% | 14.4% |
| Agriculture, forestry and fishing value added, % of GDP | 5.2% | 26.1% |
| Charges for the use of intellectual property, payments BoP | $9.3M | $3.2M |
| Charges for the use of intellectual property, receipts BoP | $56k | N/A |
| Expense, % of GDP | N/A | 20.9% |
| Government Expenditure, % of GDP | N/A | 30.7% |
