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Malawi vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Spain and Malawi ranked 104th vs 63rd and 34th vs 195th, respectively.

Gross Domestic Product & Income

StatMalawiSpain
GDP$7.1B$1.4T
GDP growth, 1 year3.2%2.5%
GDP growth, 5-years average3.6%2.7%
Population18.6M46.5M
GDP per capita$389$30k
GDP per capita growth0.8%2.07%
Purchasing Power Parity conversion factor217.520.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.76
GDP per capita, PPP adjusted$1.2k$40k
GNI, Atlas method$6.5B$1.4T
GNI per capita$360$29k
GNI, PPP adjusted$23.7B$1.9T
GNI per capita, PPP adjusted$1.3k$40k

Financial system and Human development

StatMalawiSpain
Income Tax Rate30%45%
Corporate Tax Rate30%25%
Inflation, consumer prices9.2%1.7%
Inflation, GDP deflator8.6%1.1%
Unemployment5.4%15.5%
Economic Freedom Index52.866.9
Personal Freedom Index7.188.95
Human Freedom Index6.688.22
Property Rights Index43.174.9
Judical Effectiveness Index42.151.8
Business Freedom Index41.966.8
Fiscal Health Index23.662.6
Labor Freedom Index62.857.7
Investment Freedom Index5085
Financial Freedom Index5070
Trade Freedom Index75.486.4
Monetary Freedom Index69.182
Government Spending Index71.748.3
Tax Burden Index7962.1
Government Integrity Index24.855.1
Corruption Perceptions Index3258
Life expectancy at birth, years63.383.3
Suicide mortality rate, per 100,000 people3.78.7
Mortality caused by road traffic injury, per 100,000 people314.1
Intentional homicides, per 100,000 people1.70.7
International tourism, number of arrivals871k82.8M

Government debt & reserves

StatMalawiSpain
Central government debt, % of GDP61.3%97%
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%9.1%
Gross savings, % of GDP13.2%22.3%
Gross capital formation, % of GDP13.4%20.4%
Total reserves including gold$759.6M$70.6B
Foreign direct investment net inflows$102M$49.1B

Exports, imports and economic structure

StatMalawiSpain
Exports of goods and services, % of GDP29.2%35.1%
Imports of goods and services, % of GDP36.2%32.4%
Current account balance (balance of payments)-$1.4B$27.3B
Revenue excluding grants, % of GDP18.1%15.7%
Grants excluding technical cooperation, BoP$973.7MN/A
Personal remittances received$181.6M$3.4B
Industry including construction value added, % of GDP14.4%20%
Agriculture, forestry and fishing value added, % of GDP26.1%2.8%
Charges for the use of intellectual property, payments BoP$3.2M$6.6B
Charges for the use of intellectual property, receipts BoPN/A$2.5B
Expense, % of GDP20.9%18.8%
Government Expenditure, % of GDP30.7%41.5%

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

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M