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Malawi vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, South Africa and Malawi ranked 151st vs 63rd and 95th vs 195th, respectively.

Gross Domestic Product & Income

StatMalawiSouth Africa
GDP$7.1B$368.3B
GDP growth, 1 year3.2%0.8%
GDP growth, 5-years average3.6%1.1%
Population18.6M57.7M
GDP per capita$389$6.4k
GDP per capita growth0.8%-0.57%
Purchasing Power Parity conversion factor217.526.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.47
GDP per capita, PPP adjusted$1.2k$14k
GNI, Atlas method$6.5B$332.3B
GNI per capita$360$5.8k
GNI, PPP adjusted$23.7B$765.8B
GNI per capita, PPP adjusted$1.3k$13k

Financial system and Human development

StatMalawiSouth Africa
Income Tax Rate30%45%
Corporate Tax Rate30%28%
Inflation, consumer prices9.2%4.6%
Inflation, GDP deflator8.6%3.9%
Unemployment5.4%27%
Economic Freedom Index52.858.8
Personal Freedom Index7.186.92
Human Freedom Index6.686.78
Property Rights Index43.158.4
Judical Effectiveness Index42.138
Business Freedom Index41.962
Fiscal Health Index23.664
Labor Freedom Index62.858.8
Investment Freedom Index5045
Financial Freedom Index5050
Trade Freedom Index75.475.8
Monetary Freedom Index69.175.9
Government Spending Index71.767.4
Tax Burden Index7963.7
Government Integrity Index24.846.6
Corruption Perceptions Index3243
Life expectancy at birth, years63.363.5
Suicide mortality rate, per 100,000 people3.711.6
Mortality caused by road traffic injury, per 100,000 people3125.9
Intentional homicides, per 100,000 people1.735.9
International tourism, number of arrivals871k10.5M

Government debt & reserves

StatMalawiSouth Africa
Central government debt, % of GDP61.3%56.7%
External debt stocks, % of GNI32.2%50.6%
External debt stocks$2.3B$179.3B
Short-term debt, % of total reserves3%70.9%
Total debt service, % of exports and primary income5.7%19.9%
Adjusted net savings including particulate emission damage, % of GNI-16.7%0.6%
Gross savings, % of GDP13.2%14.9%
Gross capital formation, % of GDP13.4%17.9%
Total reserves including gold$759.6M$51.6B
Foreign direct investment net inflows$102M$5.5B

Exports, imports and economic structure

StatMalawiSouth Africa
Exports of goods and services, % of GDP29.2%29.9%
Imports of goods and services, % of GDP36.2%29.6%
Current account balance (balance of payments)-$1.4B-$13.4B
Revenue excluding grants, % of GDP18.1%30.9%
Grants excluding technical cooperation, BoP$973.7M$817.9M
Personal remittances received$181.6M$929M
Industry including construction value added, % of GDP14.4%25.9%
Agriculture, forestry and fishing value added, % of GDP26.1%2.2%
Charges for the use of intellectual property, payments BoP$3.2M$1.8B
Charges for the use of intellectual property, receipts BoPN/A$120.7M
Expense, % of GDP20.9%34.4%
Government Expenditure, % of GDP30.7%33%

Compare with countries close by GDP per capita

Malawi vs

CountryGDP
per capita
Population
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M
Afghanistan
$521
34.9M
Mozambique
$499
25.8M
Central African Republic
$476
4.99M
Niger
$414
17.1M
Somalia
$315
11M
Burundi
$272
10.9M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M