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Economy of Jordan vs Malawi compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $11.3B for Malawi, ranking 90/197 and 151/197 by economy size, respectively.

Jordan has $48.1B in government debt (90.2% of GDP), compared to $9.91B (87.6% of GDP) in Malawi.

Jordan vs Malawi GDP by year

Jordan
Malawi
1x
Year GDP, current $
Jordan Malawi
2024 $53,352,289,577 $11,316,411,329
2023 $51,088,476,338 $13,363,669,673
2022 $48,764,963,380 $12,429,059,928
2021 $46,296,100,141 $12,378,119,199
2020 $43,700,383,099 $11,769,313,598
2019 $44,503,006,338 $11,051,852,713
2018 $43,370,860,704 $9,879,220,354
2017 $41,608,435,915 $8,943,543,794
2016 $39,892,551,127 $7,909,868,618
2015 $38,587,017,887 $9,219,474,379
2014 $36,847,643,521 $8,801,326,169
2013 $34,454,440,141 $8,031,571,928
2012 $31,634,561,690 $8,773,203,178
2011 $29,524,149,155 $11,648,142,958
2010 $27,133,804,225 $10,128,323,011
2009 $24,537,876,056 $9,009,887,947
2008 $22,658,715,989 $7,743,617,352
2007 $17,110,437,236 $6,451,210,219
2006 $15,056,981,664 $5,818,279,739
2005 $12,588,998,590 $5,320,409,651
2004 $11,411,706,629 $5,058,726,350
2003 $10,195,627,645 $4,669,789,300
2002 $9,582,510,578 $5,087,328,438
2001 $8,975,814,653 $2,498,008,665
2000 $8,460,789,845 $2,537,307,580
1999 $8,149,929,478 $2,584,478,924
1998 $7,912,270,804 $2,547,609,590
1997 $7,245,839,210 $3,875,785,863
1996 $6,927,503,526 $3,319,573,750
1995 $6,727,597,032 $2,033,701,498
1994 $6,236,295,978 $1,719,864,761
1993 $5,606,400,222 $3,013,392,658
1992 $5,310,833,194 $2,618,837,835
1991 $4,344,467,193 $3,206,783,830
1990 $4,160,087,508 $2,737,087,862
1989 $4,221,373,674 $2,314,205,130
1988 $6,277,451,829 $2,008,189,508
1987 $6,756,209,762 $1,721,711,808
1986 $6,402,050,485 $1,722,586,299
1985 $4,993,601,520 $1,646,442,273
1984 $4,967,162,160 $1,758,028,656
1983 $4,920,692,191 $1,780,148,049
1982 $4,681,240,993 $1,717,379,495
1981 $4,383,944,703 $1,801,193,910
1980 $3,910,044,474 $1,801,156,775
1979 $3,271,368,781 -
1978 $2,602,208,589 -
1977 $2,096,778,602 -
1976 $1,708,521,219 -
1975 $1,363,073,498 -
1974 $1,197,483,949 -
1973 $943,783,840 -
1972 $788,479,685 -
1971 $678,159,729 -
1970 $639,519,744 -
1969 $698,879,720 -
1968 $561,119,776 -
1967 $631,679,747 -
1966 $657,999,737 -
1965 $599,759,760 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/malawi | CC BY

GDP per capita in Jordan vs Malawi by year

Jordan
GDP per capita

GDP per capita, PPP
Malawi
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jordan Malawi
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,618 $10,821 $523 $1,858
2023 $4,466 $10,412 $633 $1,830
2022 $4,332 $9,927 $604 $1,778
2021 $4,183 $9,182 $617 $1,688
2020 $4,022 $9,579 $603 $1,513
2019 $4,170 $9,429 $581 $1,450
2018 $4,145 $9,042 $533 $1,364
2017 $4,066 $9,266 $496 $1,380
2016 $3,987 $8,748 $451 $1,410
2015 $4,043 $8,967 $540 $1,403
2014 $4,191 $9,145 $530 $1,506
2013 $4,311 $9,817 $497 $1,558
2012 $4,170 $9,739 $558 $1,464
2011 $3,947 $9,632 $763 $1,516
2010 $3,718 $9,417 $683 $1,458
2009 $3,436 $9,291 $626 $1,388
2008 $3,242 $8,983 $554 $1,311
2007 $2,506 $8,416 $475 $1,231
2006 $2,343 $8,046 $441 $1,124
2005 $2,088 $7,697 $414 $1,071
2004 $1,940 $7,074 $405 $1,033
2003 $1,776 $6,500 $383 $979
2002 $1,706 $6,256 $428 $931
2001 $1,632 $5,948 $215.5 $924
2000 $1,571 $5,641 $224.2 $974
1999 $1,545 $5,402 $233.9 $961
1998 $1,532 $5,264 $236 $941
1997 $1,436 $5,171 $367 $915
1996 $1,410 $5,055 $321 $884
1995 $1,416 $5,027 $200.4 $825
1994 $1,367 $4,830 $169.2 $692
1993 $1,289 $4,726 $293 $746
1992 $1,287 $4,654 $258.4 $674
1991 $1,110 $4,195 $326 $732
1990 $1,149 $4,317 $286.7 $672
1989 $1,260 - $252.2 -
1988 $1,966 - $229.4 -
1987 $2,217 - $207.6 -
1986 $2,200 - $217.9 -
1985 $1,797 - $216.1 -
1984 $1,871 - $239.7 -
1983 $1,939 - $252.4 -
1982 $1,929 - $253.3 -
1981 $1,885 - $276.4 -
1980 $1,750 - $287.5 -
1979 $1,519 - - -
1978 $1,249 - - -
1977 $1,039 - - -
1976 $873 - - -
1975 $718 - - -
1974 $651 - - -
1973 $531 - - -
1972 $460 - - -
1971 $412 - - -
1970 $409 - - -
1969 $474 - - -
1968 $409 - - -
1967 $497 - - -
1966 $558 - - -
1965 $546 - - -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/malawi | CC BY

Jordan's GDP per capita is $4,618, ranking 123/197, compared to $523 in Malawi, ranking 194/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Malawi ranks 189th at $1,858.

Economic indicators

Jordan Malawi
Gross domestic product
$53.4B
2024
$11.3B
2024
GDP rank
90/197
2024
151/197
2024
GDP growth
2.49%
2023-2024
1.67%
2023-2024
GDP per capita
$4,618
2024
$523
2024
GDP per capita rank
123/197
2024
194/197
2024
GDP per capita, PPP
$10,821
2024
$1,858
2024
GDP per capita PPP rank
131/197
2024
189/197
2024
Government debt
$48.1B
2024
$9.91B
2024
Debt-to-GDP ratio
90.2%
2024
87.6%
2024
Government debt per person
$4,167
2024
$458
2024
Government debt per person rank
91/185
2024
168/185
2024
Average annual personal income after taxes
$4,787
2026
$3,031
2026
Market capitalization of domestic companies
$24.9B
2024
n/a
Income share by richest 10%
27.4%
2010
31%
2019
Income share by poorest 10%
3.5%
2010
2.9%
2019
Government expenditure, % of GDP
33%
2024
29.5%
2024
Consumer prices inflation
1.56%
2023-2024
32.2%
2023-2024
Central bank interest rate
5.75%
2025
26%
2024
Unemployment rate
16.6%
2023
15.4%
2024
Population
11555022
22949294

Spending and national debt comparison by year

Jordan
Spending

Debt
Malawi
Spending

Debt
1x
Year % of GDP
Jordan Malawi
Government spending Government debt Government spending Government debt
2024 33% 90.2% 29.5% 87.6%
2023 32.9% 89% 25.5% 86.7%
2022 33.3% 88.6% 26.7% 75.7%
2021 34.1% 87.6% 23.7% 66.5%
2020 33.7% 104.5% 22.7% 53.9%
2019 32.4% 92.9% 19.3% 41.2%
2018 32% 87.4% 19.4% 40.8%
2017 29.6% 86.1% 21% 40%
2016 29.8% 85% 19.7% 37.1%
2015 31.7% 83.4% 19.5% 35.5%
2014 39.2% 78.6% 18.3% 33.5%
2013 36.4% 78.1% 20.7% 35.3%
2012 32.2% 73.8% 18.8% 28.6%
2011 27.4% 63.9% 17% 20%
2010 29.8% 59.5% 19.6% 19.3%
2009 35.9% 55.5% 20.2% 23.5%
2008 35.8% 53.2% 20.6% 23.5%
2007 37.7% 64.4% 20.7% 18.9%
2006 34.7% 65.6% 17.8% 17.9%
2005 37.3% 80.5% 17.4% 70.9%
2004 36.6% 86% 17.2% 74.7%
2003 36% 94.6% 15.4% 84.7%
2002 32.9% 91.3% 13.8% 101.5%
2001 32.1% 89.7% - -
2000 33.1% 85.6% - -
1999 32.7% 98.1% - -
1998 34.9% 99.8% - -
1997 33.9% 98.1% - -
1996 36.2% 104.9% - -
1995 35.5% 106.1% - -
1994 34.3% 116.2% - -
1993 36.4% 126.6% - -
1992 35.5% 139.6% - -
1991 44.9% 187% - -
1990 44% 204.8% - -
1989 42.5% 195.4% - -
1988 44.3% 129.3% - -
1987 42.1% 101.9% - -
1986 33.8% 84.3% - -
1985 42.4% 85.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jordan/malawi | CC BY

In 2024, Jordan's government spending was $17.6B, accounting for 33% of its GDP, while Malawi spent $3.34B, or 29.5% of GDP.

Debt-to-GDP ratio is 90.2% in Jordan and 87.6% in Malawi, ranking 32/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Jordan

Malawi
1x
Year Deficit/surplus, % of GDP
Jordan Malawi
2024 -7.33% -11%
2023 -6.89% -7.84%
2022 -6.8% -9.32%
2021 -8.45% -8.34%
2020 -10.1% -8.03%
2019 -7.19% -4.55%
2018 -5.78% -4.35%
2017 -3.61% -5.15%
2016 -3.71% -4.9%
2015 -7.1% -4.17%
2014 -15.5% -3.08%
2013 -16.1% -3.73%
2012 -13.8% -1.45%
2011 -5.61% -2.85%
2010 -5.43% 0.63%
2009 -8.66% -2.97%
2008 -5.38% -2.92%
2007 -5.45% -2.56%
2006 -3.82% -0.05%
2005 -5.36% -1.63%
2004 -1.09% -2.61%
2003 -2.52% -2.6%
2002 -4.44% -4.47%
2001 -2.77% -
2000 -3.99% -
1999 -2.69% -
1998 -5.4% -
1997 -2.97% -
1996 -3.25% -
1995 -1.72% -
1994 -2.3% -
1993 -2.14% -
1992 1.87% -
1991 -10.2% -
1990 -7.45% -
1989 -6.89% -
1988 -13% -
1987 -13.4% -
1986 -2.39% -
1985 -6.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jordan/malawi | CC BY

In 2024, Jordan's government deficit, the difference between spending and revenue, was $3.91B, equivalent to 7.33% of GDP. This compares to Malawi's deficit of $1.24B, or 11% of GDP.

Over the past 23 years, Jordan recorded a fiscal deficit in 23 of those years, while Malawi ran a deficit in 22 years. On average, Jordan posted an annual deficit equal to 6.96% of GDP, compared to deficit of 4.26% of GDP for Malawi.

Inflation comparison by year

Inflation
Jordan

Malawi
1x
Year Consumer prices inflation
Jordan Malawi
2024 1.56% 32.2%
2023 2.08% 28.8%
2022 4.23% 20.8%
2021 1.35% 9.3%
2020 0.33% 8.6%
2019 0.76% 9.4%
2018 4.46% 9.2%
2017 3.32% 11.5%
2016 -0.78% 21.7%
2015 -0.88% 21.9%
2014 2.9% 23.8%
2013 4.82% 28.3%
2012 4.52% 21.3%
2011 4.16% 7.6%
2010 4.85% 7.4%
2009 -0.74% 8.4%
2008 14% 8.7%
2007 4.74% 7.9%
2006 6.25% 13.9%
2005 3.49% 15.5%
2004 3.36% 11.4%
2003 1.63% 9.6%
2002 1.83% 14.7%
2001 1.77% 22.7%
2000 0.67% 29.6%
1999 0.61% 44.8%
1998 3.09% 29.8%
1997 3.04% 9.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/malawi | CC BY

Over the past 28 years, Jordan has recorded an average annual inflation rate of 2.91%, compared with 17.4% in Malawi. In 2024, inflation was 1.56% in Jordan and 32.2% in Malawi.

Top exports between countries

Jordan
Export category Export value
Raw materials & minerals $10K
Machinery & equipment $6K
Malawi
Export category Export value
Processed food, beverages & tobacco $6.98M
Textiles & consumer goods $7K
Machinery & equipment $5K
Metals $1K

Balance of trade

Jordan Malawi
Current account balance
-$3.13B
2024
-$2.13B
2024
Current account balance ranking
158/190
2024
145/190
2024
Current account balance, % of GDP
-5.86%
2024
-18.8%
2024
Goods imports
$23.9B
2024
$3.02B
2024
Goods exports
$13.3B
2024
$1.02B
2024
Service imports
$6.5B
2024
$895M
2024
Service exports
$9.45B
2024
$508M
2024
Imports of goods and services, % of GDP
57.1%
2024
31.2%
2023
Exports of goods and services, % of GDP
42.6%
2024
11.2%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Jordan Malawi
Economic freedom 59.3 50.7
Economic freedom ranking 104/197 159/197
Property rights 52.3 49.5
Government integrity 51 35
Judicial effectiveness 44 51.8
Tax burden 84.1 77
Government spending 67.2 77.8
Fiscal health 5.2 4.7
Business freedom 62.7 34.1
Labor freedom 51.3 55.2
Monetary freedom 81.2 55.1
Trade freedom 82 68.6
Investment freedom 70 50
Financial freedom 60 50

Economic freedom comparison by year

Jordan
Malawi
1x
Year Economic freedom index
Jordan Malawi
2026 59.3 50.7
2025 59.4 50.9
2024 58.3 52.1
2023 58.8 52.8
2022 60.1 53
2021 64.6 53
2020 66 52.8
2019 66.5 51.4
2018 64.9 52
2017 66.7 52.2
2016 68.3 51.8
2015 69.3 54.8
2014 69.2 55.4
2013 70.4 55.3
2012 69.9 56.4
2011 68.9 55.8
2010 66.1 54.1
2009 65.4 53.7
2008 64.1 52.7
2007 64.5 52.9
2006 63.7 55.4
2005 66.7 53.6
2004 66.1 53.6
2003 65.3 53.2
2002 66.2 56.9
2001 68.3 56.2
2000 67.5 57.4
1999 67.4 54
1998 66.8 54.1
1997 63.6 53.4
1996 60.8 56.2
1995 62.7 54.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/jordan/malawi | CC BY

The Economic Freedom Index for Jordan is 59.3, ranking 104/197, compared to 50.7 for Malawi, ranking 159/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jordan Malawi
Services, % of GDP
60.4%
2024
44.2%
2024
Industry, % of GDP
25.1%
2024
17.1%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
31.8%
2024
GNI, Atlas method
$51.2B
2024
$12.3B
2024
GNI per capita, PPP
$10,570
2024
$1,830
2024
Total reserves including gold
$21.9B
2024
$594M
2020
Total reserves ranking
60/177
2024
154/177
2020
Net foreign direct investment
-$1.58B
2024
-$202M
2024
Net inflows of foreign direct investment
$1.63B
2024
$681M
2024
Net outflows of foreign direct investment
$54.1M
2024
$56.4M
2024
Servicing debt to the IMF, % of GNI
8.64%
2024
1.47%
2024
Poverty at national poverty lines
14.2%
2020
50.7%
2019
Gross capital formation, % of GDP
25.2%
2021
14.5%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/jordan/malawi | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.