Malawi vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Singapore and Malawi ranked 76th vs 63rd and 10th vs 195th, respectively.

Gross Domestic Product & Income

Stat	Malawi	Singapore
GDP	$7.1B	$364.2B
GDP growth, 1 year	3.2%	3.2%
GDP growth, 5-years average	3.6%	3.3%
Population	18.6M	5.9M
GDP per capita	$389	$65k
GDP per capita growth	0.8%	2.66%
Purchasing Power Parity conversion factor	217.52	0.86
Price level ratio of PPP conversion factor GDP to market exchange rate	0.3	0.64
GDP per capita, PPP adjusted	$1.2k	$100k
GNI, Atlas method	$6.5B	$331.4B
GNI per capita	$360	$59k
GNI, PPP adjusted	$23.7B	$533.8B
GNI per capita, PPP adjusted	$1.3k	$95k

Financial system and Human development

Stat	Malawi	Singapore
Income Tax Rate	30%	22%
Corporate Tax Rate	30%	17%
Inflation, consumer prices	9.2%	0.4%
Inflation, GDP deflator	8.6%	1.9%
Unemployment	5.4%	3.8%
Economic Freedom Index	52.8	89.4
Personal Freedom Index	7.18	7.44
Human Freedom Index	6.68	8.1
Property Rights Index	43.1	96.8
Judical Effectiveness Index	42.1	92.9
Business Freedom Index	41.9	92.8
Fiscal Health Index	23.6	80
Labor Freedom Index	62.8	90.9
Investment Freedom Index	50	85
Financial Freedom Index	50	80
Trade Freedom Index	75.4	94.8
Monetary Freedom Index	69.1	85.6
Government Spending Index	71.7	91.1
Tax Burden Index	79	90.3
Government Integrity Index	24.8	92.4
Corruption Perceptions Index	32	85
Life expectancy at birth, years	63.3	82.9
Suicide mortality rate, per 100,000 people	3.7	9.9
Mortality caused by road traffic injury, per 100,000 people	31	2.8
Intentional homicides, per 100,000 people	1.7	0.2
International tourism, number of arrivals	871k	14.7M

Government debt & reserves

Stat	Malawi	Singapore
Central government debt, % of GDP	61.3%	108.3%
External debt stocks, % of GNI	32.2%	N/A
External debt stocks	$2.3B	N/A
Short-term debt, % of total reserves	3%	N/A
Total debt service, % of exports and primary income	5.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-16.7%	36.8%
Gross savings, % of GDP	13.2%	45.8%
Gross capital formation, % of GDP	13.4%	26.6%
Total reserves including gold	$759.6M	$292.7B
Foreign direct investment net inflows	$102M	$82B

Exports, imports and economic structure

Stat	Malawi	Singapore
Exports of goods and services, % of GDP	29.2%	176.4%
Imports of goods and services, % of GDP	36.2%	149.8%
Current account balance (balance of payments)	-$1.4B	$65.1B
Revenue excluding grants, % of GDP	18.1%	18.8%
Grants excluding technical cooperation, BoP	$973.7M	$1.6M
Personal remittances received	$181.6M	N/A
Industry including construction value added, % of GDP	14.4%	25.2%
Agriculture, forestry and fishing value added, % of GDP	26.1%	0%
Charges for the use of intellectual property, payments BoP	$3.2M	$15.2B
Charges for the use of intellectual property, receipts BoP	N/A	$8.7B
Expense, % of GDP	20.9%	15.2%
Government Expenditure, % of GDP	30.7%	17.2%