Malawi vs North Macedonia: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, North Macedonia and Malawi ranked 110th vs 63rd and 100th vs 195th, respectively.

Gross Domestic Product & Income

StatMalawiNorth Macedonia
GDP$7.1B$12.7B
GDP growth, 1 year3.2%2.7%
GDP growth, 5-years average3.6%2.6%
Population18.6M2.1M
GDP per capita$389$6.1k
GDP per capita growth0.8%2.62%
Purchasing Power Parity conversion factor217.5219.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.37
GDP per capita, PPP adjusted$1.2k$16k
GNI, Atlas method$6.5B$11.4B
GNI per capita$360$5.5k
GNI, PPP adjusted$23.7B$32.6B
GNI per capita, PPP adjusted$1.3k$16k

Financial system and Human development

StatMalawiNorth Macedonia
Income Tax Rate30%10%
Corporate Tax Rate30%10%
Inflation, consumer prices9.2%1.5%
Inflation, GDP deflator8.6%4.3%
Unemployment5.4%21.6%
Economic Freedom Index52.869.5
Personal Freedom Index7.188.17
Human Freedom Index6.687.55
Property Rights Index43.162.5
Judical Effectiveness Index42.142.7
Business Freedom Index41.980.6
Fiscal Health Index23.687.7
Labor Freedom Index62.867
Investment Freedom Index5065
Financial Freedom Index5060
Trade Freedom Index75.486.2
Monetary Freedom Index69.177.7
Government Spending Index71.771
Tax Burden Index7991.5
Government Integrity Index24.842.2
Corruption Perceptions Index3237
Life expectancy at birth, years63.375.6
Suicide mortality rate, per 100,000 people3.77.9
Mortality caused by road traffic injury, per 100,000 people316.4
Intentional homicides, per 100,000 people1.71.5
International tourism, number of arrivals871k707k

Government debt & reserves

StatMalawiNorth Macedonia
Central government debt, % of GDP61.3%39.5%
External debt stocks, % of GNI32.2%72%
External debt stocks$2.3B$8.7B
Short-term debt, % of total reserves3%40.9%
Total debt service, % of exports and primary income5.7%16.6%
Adjusted net savings including particulate emission damage, % of GNI-16.7%15.4%
Gross savings, % of GDP13.2%33%
Gross capital formation, % of GDP13.4%33%
Total reserves including gold$759.6M$3.3B
Foreign direct investment net inflows$102M$648.7M

Exports, imports and economic structure

StatMalawiNorth Macedonia
Exports of goods and services, % of GDP29.2%60.3%
Imports of goods and services, % of GDP36.2%72.9%
Current account balance (balance of payments)-$1.4B-$25.6M
Revenue excluding grants, % of GDP18.1%26.8%
Grants excluding technical cooperation, BoP$973.7M$133.8M
Personal remittances received$181.6M$344.5M
Industry including construction value added, % of GDP14.4%23.6%
Agriculture, forestry and fishing value added, % of GDP26.1%7.2%
Charges for the use of intellectual property, payments BoP$3.2M$188.8M
Charges for the use of intellectual property, receipts BoPN/A$11.8M
Expense, % of GDP20.9%27.9%
Government Expenditure, % of GDP30.7%31.1%

Compare with countries close by GDP per capita

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

North Macedonia vs

CountryGDP
per capita
Population
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
Fiji
$6.3k
906k
Suriname
$6.2k
563k
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
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M