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Economy of Malawi vs Samoa compared: GDP & Debt

Updated on by Georank team

Malawi has a GDP of $11.3B compared to $1.18B for Samoa, ranking 151/197 and 185/197 by economy size, respectively.

Malawi has $9.91B in government debt (87.6% of GDP), compared to $296M (25.2% of GDP) in Samoa.

Malawi vs Samoa GDP by year

Malawi
Samoa
1x
Year GDP, current $
Malawi Samoa
2024 $11,316,411,329 $1,175,749,786
2023 $13,363,669,673 $1,044,909,500
2022 $12,429,059,928 $889,554,712
2021 $12,378,119,199 $859,724,936
2020 $11,769,313,598 $868,884,903
2019 $11,051,852,713 $912,950,466
2018 $9,879,220,354 $878,448,433
2017 $8,943,543,794 $884,844,384
2016 $7,909,868,618 $843,924,797
2015 $9,219,474,379 $824,150,499
2014 $8,801,326,169 $796,683,520
2013 $8,031,571,928 $797,736,334
2012 $8,773,203,178 $773,141,661
2011 $11,648,142,958 $744,097,050
2010 $10,128,323,011 $680,260,907
2009 $9,009,887,947 $628,006,115
2008 $7,743,617,352 $641,346,192
2007 $6,451,210,219 $573,548,460
2006 $5,818,279,739 $499,923,758
2005 $5,320,409,651 $476,801,793
2004 $5,058,726,350 $407,747,565
2003 $4,669,789,300 $333,426,188
2002 $5,087,328,438 $281,790,134
2001 $2,498,008,665 $266,299,591
2000 $2,537,307,580 $258,856,140
1999 $2,584,478,924 $255,408,060
1998 $2,547,609,590 $269,485,244
1997 $3,875,785,863 $285,475,592
1996 $3,319,573,750 $249,907,869
1995 $2,033,701,498 $224,865,731
1994 $1,719,864,761 $221,098,107
1993 $3,013,392,658 $133,122,897
1992 $2,618,837,835 $132,303,041
1991 $3,206,783,830 $125,597,205
1990 $2,737,087,862 $125,766,270
1989 $2,314,205,130 $122,888,610
1988 $2,008,189,508 $133,016,065
1987 $1,721,711,808 $111,713,922
1986 $1,722,586,299 $100,947,849
1985 $1,646,442,273 $95,572,173
1984 $1,758,028,656 $109,200,934
1983 $1,780,148,049 $111,862,824
1982 $1,717,379,495 $121,221,652
1981 $1,801,193,910 $118,190,655
1980 $1,801,156,775 $125,747,038
1979 - $122,257,393
1978 - $108,223,444
1977 - $98,295,671
1976 - $85,003,078
1975 - $93,489,283
1974 - $93,549,611
1973 - $82,452,985
1972 - $62,566,116
1971 - $53,719,569
1970 - $45,208,338

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Malawi vs Samoa by year

Malawi
GDP per capita

GDP per capita, PPP
Samoa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malawi Samoa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $523 $1,858 $5,393 $8,737
2023 $633 $1,830 $4,823 $8,195
2022 $604 $1,778 $4,132 $6,909
2021 $617 $1,688 $4,022 $6,350
2020 $603 $1,513 $4,100 $6,451
2019 $581 $1,450 $4,352 $6,638
2018 $533 $1,364 $4,232 $6,318
2017 $496 $1,380 $4,308 $6,280
2016 $451 $1,410 $4,147 $6,141
2015 $540 $1,403 $4,084 $5,682
2014 $530 $1,506 $3,983 $5,468
2013 $497 $1,558 $4,024 $5,387
2012 $558 $1,464 $3,935 $5,339
2011 $763 $1,516 $3,822 $5,494
2010 $683 $1,458 $3,524 $5,229
2009 $626 $1,388 $3,279 $4,906
2008 $554 $1,311 $3,374 $4,939
2007 $475 $1,231 $3,039 $4,713
2006 $441 $1,124 $2,663 $4,592
2005 $414 $1,071 $2,550 $4,379
2004 $405 $1,033 $2,189 $3,997
2003 $383 $979 $1,798 $3,792
2002 $428 $931 $1,528 $3,553
2001 $215.5 $924 $1,454 $3,335
2000 $224.2 $974 $1,425 $3,062
1999 $233.9 $961 $1,417 $2,871
1998 $236 $941 $1,506 $2,792
1997 $367 $915 $1,608 $2,722
1996 $321 $884 $1,419 $2,681
1995 $200.4 $825 $1,288 $2,478
1994 $169.2 $692 $1,277 $2,294
1993 $293 $746 $775 $2,323
1992 $258.4 $674 $777 $2,198
1991 $326 $732 $742 $2,166
1990 $286.7 $672 $744 $2,148
1989 $252.2 - $728 -
1988 $229.4 - $790 -
1987 $207.6 - $666 -
1986 $217.9 - $604 -
1985 $216.1 - $573 -
1984 $239.7 - $655 -
1983 $252.4 - $671 -
1982 $253.3 - $728 -
1981 $276.4 - $713 -
1980 $287.5 - $765 -
1979 - - $751 -
1978 - - $671 -
1977 - - $615 -
1976 - - $541 -
1975 - - $610 -
1974 - - $626 -
1973 - - $563 -
1972 - - $433 -
1971 - - $377 -
1970 - - $322 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Malawi's GDP per capita is $523, ranking 194/197, compared to $5,393 in Samoa, ranking 117/197. Adjusted for purchasing power (GDP per capita PPP), Malawi ranks 189th at $1,858, while Samoa ranks 137th at $8,737.

Economic indicators

Malawi Samoa
Gross domestic product
$11.3B
2024
$1.18B
2024
GDP rank
151/197
2024
185/197
2024
GDP growth
1.67%
2023-2024
4.75%
2023-2024
GDP per capita
$523
2024
$5,393
2024
GDP per capita rank
194/197
2024
117/197
2024
GDP per capita, PPP
$1,858
2024
$8,737
2024
GDP per capita PPP rank
189/197
2024
137/197
2024
Government debt
$9.91B
2024
$296M
2024
Debt-to-GDP ratio
87.6%
2024
25.2%
2024
Government debt per person
$458
2024
$1,357
2024
Government debt per person rank
168/185
2024
135/185
2024
Average annual personal income after taxes
$3,031
2026
$3,750
2026
Income share by richest 10%
31%
2019
31.3%
2013
Income share by poorest 10%
2.9%
2019
2.7%
2013
Government expenditure, % of GDP
29.5%
2024
26.3%
2024
Consumer prices inflation
32.2%
2023-2024
2.17%
2023-2024
Central bank interest rate
26%
2024
0.37%
2024
Unemployment rate
15.4%
2024
5.05%
2022
Population
22949294
220932

Spending and national debt comparison by year

Malawi
Spending

Debt
Samoa
Spending

Debt
1x
Year % of GDP
Malawi Samoa
Government spending Government debt Government spending Government debt
2024 29.5% 87.6% 26.3% 25.2%
2023 25.5% 86.7% 28.8% 31.8%
2022 26.7% 75.7% 31.1% 41%
2021 23.7% 66.5% 34.1% 45.4%
2020 22.7% 53.9% 30.5% 43.2%
2019 19.3% 41.2% 31.8% 44.3%
2018 19.4% 40.8% 30% 49.4%
2017 21% 40% 30.9% 46.7%
2016 19.7% 37.1% 27.3% 49%
2015 19.5% 35.5% 30.5% 56.4%
2014 18.3% 33.5% 35.3% 54.9%
2013 20.7% 35.3% 30.7% 54.1%
2012 18.8% 28.6% 33.6% 50.9%
2011 17% 20% 33.7% 41.5%
2010 19.6% 19.3% 29.4% 40.3%
2009 20.2% 23.5% 31.5% 33.3%
2008 20.6% 23.5% 27.7% 28.2%
2007 20.7% 18.9% 31.1% 31.5%
2006 17.8% 17.9% 27.7% 33.5%
2005 17.4% 70.9% 30.6% 34.2%
2004 17.2% 74.7% 27.3% 39.8%
2003 15.4% 84.7% 28.5% 42.8%
2002 13.8% 101.5% 30.7% 50.3%
2001 - - 30% 53.8%
2000 - - 30.4% 55.8%
1999 - - 33.8% 59.4%
1998 - - 28.1% 58.9%
1997 - - 31% -
1996 - - 38.9% -
1995 - - 42.2% -
1994 - - 54.1% -
1993 - - 49.5% -
1992 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

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

In 2024, Malawi's government spending was $3.34B, accounting for 29.5% of its GDP, while Samoa spent $310M, or 26.3% of GDP.

Debt-to-GDP ratio is 87.6% in Malawi and 25.2% in Samoa, ranking 35/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Malawi

Samoa
1x
Year Deficit/surplus, % of GDP
Malawi Samoa
2024 -11% 9.29%
2023 -7.84% 2.7%
2022 -9.32% 5.03%
2021 -8.34% 1.71%
2020 -8.03% 5.41%
2019 -4.55% 1.51%
2018 -4.35% 0.06%
2017 -5.15% -1.98%
2016 -4.9% -0.35%
2015 -4.17% -3.79%
2014 -3.08% -5.38%
2013 -3.73% -3.82%
2012 -1.45% -7.43%
2011 -2.85% -5.25%
2010 0.63% -5.49%
2009 -2.97% -2.98%
2008 -2.92% -0.36%
2007 -2.56% 0.55%
2006 -0.05% -0.44%
2005 -1.63% 0.23%
2004 -2.61% -0.74%
2003 -2.6% -0.51%
2002 -4.47% -1.77%
2001 - -1.96%
2000 - -0.62%
1999 - 0.27%
1998 - 1.64%
1997 - 1.92%
1996 - 1.21%
1995 - -5.82%
1994 - -9.51%
1993 - -13.2%
1992 - -9.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

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

In 2024, Malawi's government deficit, the difference between spending and revenue, was $1.24B, equivalent to 11% of GDP. This compares to Samoa's surplus of $109M, or 9.29% of GDP.

Over the past 23 years, Malawi recorded a fiscal deficit in 22 of those years, while Samoa ran a deficit in 14 years. On average, Malawi posted an annual deficit equal to 4.26% of GDP, compared to deficit of 0.6% of GDP for Samoa.

Inflation comparison by year

Inflation
Malawi

Samoa
1x
Year Consumer prices inflation
Malawi Samoa
2024 32.2% 2.17%
2023 28.8% 7.92%
2022 20.8% 11%
2021 9.3% 3.13%
2020 8.6% -1.57%
2019 9.4% 0.98%
2018 9.2% 4.2%
2017 11.5% 1.75%
2016 21.7% 1.3%
2015 21.9% 0.72%
2014 23.8% -0.41%
2013 28.3% 0.61%
2012 21.3% 2.05%
2011 7.6% 5.24%
2010 7.4% 0.78%
2009 8.4% 6.32%
2008 8.7% 11.6%
2007 7.9% 5.58%
2006 13.9% 3.7%
2005 15.5% 1.86%
2004 11.4% 16.3%
2003 9.6% 0.12%
2002 14.7% 8.05%
2001 22.7% 3.84%
2000 29.6% 0.97%
1999 44.8% 0.27%
1998 29.8% 2.22%
1997 9.1% 6.86%

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/malawi/samoa | CC BY

Over the past 28 years, Malawi has recorded an average annual inflation rate of 17.4%, compared with 3.84% in Samoa. In 2024, inflation was 32.2% in Malawi and 2.17% in Samoa.

Balance of trade

Malawi Samoa
Current account balance
-$2.13B
2024
$65.6M
2024
Current account balance ranking
145/190
2024
72/190
2024
Current account balance, % of GDP
-18.8%
2024
+5.58%
2024
Goods imports
$3.02B
2024
$448M
2024
Goods exports
$1.02B
2024
$42.2M
2024
Service imports
$895M
2024
$128M
2024
Service exports
$508M
2024
$327M
2024
Imports of goods and services, % of GDP
31.2%
2023
48.9%
2024
Exports of goods and services, % of GDP
11.2%
2023
30.7%
2024

Economic freedom indices

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

Malawi Samoa
Economic freedom 50.7 68
Economic freedom ranking 159/197 52/197
Property rights 49.5 77.1
Government integrity 35 64.1
Judicial effectiveness 51.8 77.6
Tax burden 77 79.3
Government spending 77.8 75.2
Fiscal health 4.7 98.7
Business freedom 34.1 63.7
Labor freedom 55.2 73.7
Monetary freedom 55.1 69.4
Trade freedom 68.6 67.2
Investment freedom 50 40
Financial freedom 50 30

Economic freedom comparison by year

Malawi
Samoa
1x
Year Economic freedom index
Malawi Samoa
2026 50.7 68
2025 50.9 66.6
2024 52.1 67.2
2023 52.8 68.3
2022 53 68.3
2021 53 61.9
2020 52.8 62.1
2019 51.4 62.2
2018 52 61.5
2017 52.2 58.4
2016 51.8 63.5
2015 54.8 61.9
2014 55.4 61.1
2013 55.3 57.1
2012 56.4 60.5
2011 55.8 60.6
2010 54.1 60.4
2009 53.7 59.5
2008 52.7 -
2007 52.9 -
2006 55.4 -
2005 53.6 -
2004 53.6 -
2003 53.2 -
2002 56.9 -
2001 56.2 63.1
2000 57.4 60.8
1999 54 58.7
1998 54.1 49.9
1997 53.4 51.5
1996 56.2 47.6
1995 54.7 -

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

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

The Economic Freedom Index for Malawi is 50.7, ranking 159/197, compared to 68 for Samoa, ranking 52/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malawi Samoa
Services, % of GDP
44.2%
2024
69.4%
2024
Industry, % of GDP
17.1%
2024
10.6%
2024
Agriculture, forestry, and fishing, % of GDP
31.8%
2024
9.8%
2024
GNI, Atlas method
$12.3B
2024
$1.1B
2024
GNI per capita, PPP
$1,830
2024
$8,620
2024
Total reserves including gold
$594M
2020
$508M
2024
Total reserves ranking
154/177
2020
155/177
2024
Net foreign direct investment
-$202M
2024
-$1.69M
2024
Net inflows of foreign direct investment
$681M
2024
$3.74M
2024
Net outflows of foreign direct investment
$56.4M
2024
$2.05M
2024
Servicing debt to the IMF, % of GNI
1.47%
2024
3.15%
2024
Poverty at national poverty lines
50.7%
2019
21.9%
2018
Gross capital formation, % of GDP
14.5%
2023
29%
2024

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/malawi/samoa | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)

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.