Malawi vs Saudi Arabia: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Malawi ranked 124th vs 63rd and 41st vs 195th, respectively.

Gross Domestic Product & Income

StatMalawiSaudi Arabia
GDP$7.1B$786.5B
GDP growth, 1 year3.2%2.2%
GDP growth, 5-years average3.6%2.2%
Population18.6M33M
GDP per capita$389$23k
GDP per capita growth0.8%0.61%
Purchasing Power Parity conversion factor217.521.58
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.42
GDP per capita, PPP adjusted$1.2k$56k
GNI, Atlas method$6.5B$727.8B
GNI per capita$360$22k
GNI, PPP adjusted$23.7B$1.9T
GNI per capita, PPP adjusted$1.3k$56k

Financial system and Human development

StatMalawiSaudi Arabia
Income Tax Rate30%2.5%
Corporate Tax Rate30%2.5%
Inflation, consumer prices9.2%2.5%
Inflation, GDP deflator8.6%11.5%
Unemployment5.4%5.9%
Economic Freedom Index52.862.4
Personal Freedom Index7.184.65
Human Freedom Index6.685.66
Property Rights Index43.164.6
Judical Effectiveness Index42.172.3
Business Freedom Index41.966.6
Fiscal Health Index23.619.3
Labor Freedom Index62.863.3
Investment Freedom Index5045
Financial Freedom Index5050
Trade Freedom Index75.475.4
Monetary Freedom Index69.181
Government Spending Index71.761.8
Tax Burden Index7999.8
Government Integrity Index24.849.6
Corruption Perceptions Index3249
Life expectancy at birth, years63.374.9
Suicide mortality rate, per 100,000 people3.73.2
Mortality caused by road traffic injury, per 100,000 people3128.8
Intentional homicides, per 100,000 people1.71.3
International tourism, number of arrivals871k15.3M

Government debt & reserves

StatMalawiSaudi Arabia
Central government debt, % of GDP61.3%19.1%
External debt stocks, % of GNI32.2%N/A
External debt stocks$2.3BN/A
Short-term debt, % of total reserves3%N/A
Total debt service, % of exports and primary income5.7%N/A
Adjusted net savings including particulate emission damage, % of GNI-16.7%13.4%
Gross savings, % of GDP13.2%33.2%
Gross capital formation, % of GDP13.4%24.2%
Total reserves including gold$759.6M$509.5B
Foreign direct investment net inflows$102M$4.2B

Exports, imports and economic structure

StatMalawiSaudi Arabia
Exports of goods and services, % of GDP29.2%39.9%
Imports of goods and services, % of GDP36.2%26.7%
Current account balance (balance of payments)-$1.4B$70.6B
Revenue excluding grants, % of GDP18.1%26.8%
Grants excluding technical cooperation, BoP$973.7M$290k
Personal remittances received$181.6M$334.9M
Industry including construction value added, % of GDP14.4%49.5%
Agriculture, forestry and fishing value added, % of GDP26.1%2.2%
Charges for the use of intellectual property, payments BoP$3.2MN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP20.9%28%
Government Expenditure, % of GDP30.7%35.7%

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

Saudi Arabia vs

CountryGDP
per capita
Population
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M