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Economy of Malawi vs United Arab Emirates compared: GDP & Debt

Updated on by Georank

Malawi has a GDP of $14.9B compared to $552B for the United Arab Emirates, ranking 148/197 and 31/197 by economy size, respectively.

Malawi has $11.7B in government debt (78.4% of GDP), compared to $193B (34.3% of GDP) in the United Arab Emirates.

Malawi vs United Arab Emirates GDP by year

Malawi
United Arab Emirates
1x
Year GDP, current $
Malawi UAE
2025 $14,918,276,698 -
2024 $11,311,971,400 $552,324,919,096
2023 $13,363,669,673 $522,622,268,401
2022 $12,429,059,928 $511,403,404,642
2021 $12,378,119,199 $422,441,282,436
2020 $11,769,313,598 $357,161,776,271
2019 $11,051,852,713 $433,926,218,686
2018 $9,879,220,354 $440,560,003,161
2017 $8,943,543,794 $403,365,056,079
2016 $7,909,868,618 $381,717,208,621
2015 $9,219,474,379 $381,973,135,513
2014 $8,801,326,169 $424,935,834,104
2013 $8,031,571,928 $409,632,574,703
2012 $8,773,203,178 $392,793,559,051
2011 $11,648,142,958 $368,881,033,963
2010 $10,128,323,011 $307,736,348,527
2009 $9,009,887,947 $253,547,358,747
2008 $7,743,617,352 $315,474,615,741
2007 $6,451,210,219 $257,916,148,767
2006 $5,818,279,739 $222,116,532,963
2005 $5,320,409,651 $180,617,467,954
2004 $5,058,726,350 $147,824,249,958
2003 $4,669,789,300 $124,346,476,180
2002 $5,087,328,438 $109,816,091,079
2001 $2,498,008,665 $103,311,631,797
2000 $2,537,307,580 $104,337,463,730
1999 $2,584,478,924 $84,445,399,335
1998 $2,547,609,590 $75,674,384,205
1997 $3,875,785,863 $78,838,886,862
1996 $3,319,573,750 $73,571,217,377
1995 $2,033,701,498 $65,743,604,966
1994 $1,719,864,761 $59,305,111,228
1993 $3,013,392,658 $55,625,269,485
1992 $2,618,837,835 $54,239,188,746
1991 $3,206,783,830 $51,552,058,250
1990 $2,737,087,862 $50,701,374,187
1989 $2,314,205,130 $41,464,966,302
1988 $2,008,189,508 $36,275,613,877
1987 $1,721,711,808 $36,384,802,310
1986 $1,722,586,299 $33,943,568,481
1985 $1,646,442,273 $40,603,631,079
1984 $1,758,028,656 $41,807,931,453
1983 $1,780,148,049 $42,803,373,390
1982 $1,717,379,495 $46,622,715,281
1981 $1,801,193,910 $49,333,471,895
1980 $1,801,156,775 $43,599,134,193
1979 - $31,225,557,022
1978 - $23,775,718,541
1977 - $24,871,660,292
1976 - $19,213,212,475
1975 - $14,720,729,969
1974 - $11,651,505,689
1973 - $4,231,243,616
1972 - $1,415,086,929
1971 - $939,893,600
1970 - $685,986,701

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/malawi/united-arab-emirates | CC BY

GDP per capita in Malawi vs United Arab Emirates by year

Malawi
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malawi UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $672 - - -
2024 $522 $1,858 $50,274 $79,229
2023 $633 $1,830 $49,851 $77,955
2022 $604 $1,778 $50,760 $75,072
2021 $617 $1,688 $44,118 $68,580
2020 $603 $1,513 $37,992 $66,791
2019 $581 $1,450 $45,939 $79,816
2018 $533 $1,364 $47,135 $77,446
2017 $496 $1,380 $43,734 $70,282
2016 $451 $1,410 $42,721 $69,987
2015 $540 $1,403 $44,910 $73,986
2014 $530 $1,506 $52,725 $87,478
2013 $497 $1,558 $53,247 $87,526
2012 $558 $1,464 $53,142 $89,198
2011 $763 $1,516 $51,922 $89,665
2010 $683 $1,458 $44,795 $85,120
2009 $626 $1,388 $37,803 $84,780
2008 $554 $1,311 $50,054 $94,628
2007 $475 $1,231 $45,855 $100,813
2006 $441 $1,124 $44,343 $106,814
2005 $414 $1,071 $38,719 $101,301
2004 $405 $1,033 $33,377 $98,661
2003 $383 $979 $29,660 $92,636
2002 $428 $931 $27,754 $88,467
2001 $215.5 $924 $27,745 $90,370
2000 $224.2 $974 $29,866 $92,899
1999 $233.9 $961 $25,856 $87,658
1998 $236 $941 $24,889 $90,229
1997 $367 $915 $27,983 $96,009
1996 $321 $884 $28,323 $94,620
1995 $200.4 $825 $27,003 $93,702
1994 $169.2 $692 $25,473 $89,959
1993 $293 $746 $25,033 $86,330
1992 $258.4 $674 $25,648 $87,509
1991 $326 $732 $25,691 $87,250
1990 $286.7 $672 $26,710 $88,455
1989 $252.2 - $23,167 -
1988 $229.4 - $21,570 -
1987 $207.6 - $23,113 -
1986 $217.9 - $23,132 -
1985 $216.1 - $29,468 -
1984 $239.7 - $32,012 -
1983 $252.4 - $34,650 -
1982 $253.3 - $39,972 -
1981 $276.4 - $44,855 -
1980 $287.5 - $42,925 -
1979 - - $34,238 -
1978 - - $29,379 -
1977 - - $35,020 -
1976 - - $31,197 -
1975 - - $27,117 -
1974 - - $23,823 -
1973 - - $9,696 -
1972 - - $3,675 -
1971 - - $2,805 -
1970 - - $2,394 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/malawi/united-arab-emirates | CC BY

Malawi's GDP per capita is $672, ranking 190/197, compared to $50,274 in the United Arab Emirates, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Malawi ranks 189th at $1,858, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Malawi UAE
Gross domestic product
$14.9B
2025
$552B
2024
GDP rank
148/197
2025
31/197
2024
GDP growth
1.89%
2024-2025
3.99%
2023-2024
GDP per capita
$672
2025
$50,274
2024
GDP per capita rank
190/197
2025
25/197
2024
GDP per capita, PPP
$1,858
2024
$79,229
2024
GDP per capita PPP rank
189/197
2024
16/197
2024
Government debt
$11.7B
2025
$193B
2024
Debt-to-GDP ratio
78.4%
2025
34.3%
2025
Government debt per person
$526
2025
$17,568
2024
Government debt per person rank
166/185
2025
37/185
2024
Average annual personal income after taxes
$1,255
2026
$40,096
2026
Market capitalization of domestic companies n/a
$1.11T
2025
Number of millionaires n/a
183,000
2026
Number of billionaires n/a
6
2026
Income share by richest 10%
31%
2019
20.5%
2018
Income share by poorest 10%
2.9%
2019
2.8%
2018
Government expenditure, % of GDP
30.6%
2025
22.6%
2025
Consumer prices inflation
28.4%
2024-2025
1.3%
2024-2025
Central bank interest rate
24%
2026
3.65%
2025
Unemployment rate
15.4%
2024
1.88%
2024
Population
23086106
11885001

Spending and national debt comparison by year

Malawi
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Malawi UAE
Government spending Government debt Government spending Government debt
2025 30.6% 78.4% 22.6% 34.3%
2024 29.5% 87.6% 21.4% 34.9%
2023 25.5% 86.7% 22.7% 31.9%
2022 26.7% 75.7% 22.7% 31.5%
2021 23.7% 66.5% 25.9% 35.7%
2020 22.7% 53.9% 30.5% 30.1%
2019 19.3% 41.2% 27.4% 25.8%
2018 19.4% 40.8% 25.9% 20.7%
2017 21% 40% 27.2% 21.2%
2016 19.7% 37.1% 31.7% 18.6%
2015 19.5% 35.5% 26.4% 15.6%
2014 18.3% 33.5% 31.4% 13.5%
2013 20.7% 35.3% 28.9% 15.3%
2012 18.8% 28.6% 27.8% 20.2%
2011 17% 20% 29.6% 20.4%
2010 19.6% 19.3% 30.4% 18.3%
2009 20.2% 23.5% 35% 21.1%
2008 20.6% 23.5% 22% 8.95%
2007 20.7% 18.9% 17.7% 8.89%
2006 17.8% 17.9% 15.6% 5.05%
2005 17.4% 70.9% 15.7% 4.48%
2004 17.2% 74.7% 17.7% 4.08%
2003 15.4% 84.7% 20% 3.33%
2002 13.8% 101.5% 21.3% 3.43%
2001 - - 25.2% 2.69%
2000 - - 21.8% 3.12%
1999 - - 24.3% 4.73%
1998 - - 25.8% 4.18%
1997 - - 22.6% 2.86%
1996 - - 27.6% 3.48%
1995 - - 26.1% 5.06%
1994 - - 30.1% 5.58%
1993 - - 31.5% 6.01%
1992 - - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08).

GeoRank.org/economy/malawi/united-arab-emirates | CC BY

In 2025, Malawi's government spending was $4.56B, accounting for 30.6% of its GDP, while the United Arab Emirates spent $118B, or 22.6% of GDP.

Debt-to-GDP ratio is 78.4% in Malawi and 34.3% in the United Arab Emirates, ranking 47/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Malawi

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Malawi UAE
2025 -11.5% 5.15%
2024 -11% 6.41%
2023 -7.84% 5.82%
2022 -9.32% 9.8%
2021 -8.34% 3.96%
2020 -8.03% -2.42%
2019 -4.55% 2.5%
2018 -4.35% 3.65%
2017 -5.15% -0.16%
2016 -4.9% -2.95%
2015 -4.17% -6.35%
2014 -3.08% 1.74%
2013 -3.73% 7.99%
2012 -1.45% 8.59%
2011 -2.85% 5.05%
2010 0.63% 0.52%
2009 -2.97% -6.13%
2008 -2.92% 17.6%
2007 -2.56% 17.1%
2006 -0.05% 20.2%
2005 -1.63% 16%
2004 -2.61% 6.4%
2003 -2.6% 2.35%
2002 -4.47% -1.24%
2001 - 1.21%
2000 - 10.7%
1999 - 1.31%
1998 - 1%
1997 - 6.71%
1996 - 0.92%
1995 - 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/malawi/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 23 years, Malawi recorded a fiscal deficit in 22 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Malawi posted an annual deficit equal to 4.26% of GDP, compared to surplus of 5.06% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Malawi

United Arab Emirates
1x
Year Consumer prices inflation
Malawi UAE
2025 28.4% 1.3%
2024 32.2% 1.7%
2023 28.8% 1.6%
2022 20.8% 4.8%
2021 9.3% -0.1%
2020 8.6% -2.1%
2019 9.4% -1.9%
2018 9.2% 3.1%
2017 11.5% 2%
2016 21.7% 1.6%
2015 21.9% 4.1%
2014 23.8% 2.3%
2013 28.3% 1.1%
2012 21.3% 0.7%
2011 7.6% 0.9%
2010 7.4% 0.9%
2009 8.4% -4.7%
2008 8.7% 12.3%
2007 7.9% 11.1%
2006 13.9% 9.3%
2005 15.5% 6.2%
2004 11.4% 5%
2003 9.6% 3.1%
2002 14.7% 2.9%
2001 22.7% 2.8%
2000 29.6% 1.3%
1999 44.8% 2.1%
1998 29.8% 2%
1997 9.1% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/malawi/united-arab-emirates | CC BY

Over the past 29 years, Malawi has recorded an average annual inflation rate of 17.8%, compared with 2.7% in the United Arab Emirates. In 2025, inflation was 28.4% in Malawi and 1.3% in the United Arab Emirates.

Top exports between countries

Malawi
Export category Export value
Processed food, beverages & tobacco $15.6M
Raw agricultural goods $2.68M
Metals $772K
Machinery & equipment $682K
Chemicals & pharma $303K
Textiles & consumer goods $259K
Animal & marine products $122K
Raw materials & minerals $91K
Precious metals & jewellery $25K
Miscellaneous $1K
UAE
Export category Export value
Machinery & equipment $52M
Raw materials & minerals $10.6M
Textiles & consumer goods $5.69M
Chemicals & pharma $4.69M
Wood & paper products $3.76M
Processed food, beverages & tobacco $1.3M
Metals $1.24M
Miscellaneous $375K
Animal & marine products $370K
Precious metals & jewellery $355K

Balance of trade

Malawi UAE
Current account balance
-$2.13B
2024
$80B
2024
Current account balance ranking
143/190
2024
9/190
2024
Current account balance, % of GDP
-18.8%
2024
+14.5%
2024
Goods imports
$3.02B
2024
$400B
2024
Goods exports
$1.02B
2024
$467B
2024
Service imports
$895M
2024
$117B
2024
Service exports
$508M
2024
$181B
2024
Imports of goods and services, % of GDP
28.8%
2025
92.2%
2023
Exports of goods and services, % of GDP
10.6%
2025
106.8%
2023

Economic freedom indices

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

Malawi UAE
Economic freedom 50.7 71.9
Economic freedom ranking 159/197 29/197
Property rights 49.5 62.9
Government integrity 35 65.3
Judicial effectiveness 51.8 34.4
Tax burden 77 99.9
Government spending 77.8 85.1
Fiscal health 4.7 97.6
Business freedom 34.1 84.5
Labor freedom 55.2 63.2
Monetary freedom 55.1 81.2
Trade freedom 68.6 78.6
Investment freedom 50 50
Financial freedom 50 60

Economic freedom comparison by year

Malawi
United Arab Emirates
1x
Year Economic freedom index
Malawi UAE
2026 50.7 71.9
2025 50.9 71.6
2024 52.1 71.1
2023 52.8 70.9
2022 53 70.2
2021 53 76.9
2020 52.8 76.2
2019 51.4 77.6
2018 52 77.6
2017 52.2 76.9
2016 51.8 72.6
2015 54.8 72.4
2014 55.4 71.4
2013 55.3 71.1
2012 56.4 69.3
2011 55.8 67.8
2010 54.1 67.3
2009 53.7 64.7
2008 52.7 62.6
2007 52.9 62.6
2006 55.4 62.2
2005 53.6 65.2
2004 53.6 67.2
2003 53.2 73.4
2002 56.9 73.6
2001 56.2 74.9
2000 57.4 74.2
1999 54 71.5
1998 54.1 72.2
1997 53.4 71.9
1996 56.2 71.6
1995 54.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/malawi/united-arab-emirates | CC BY

The Economic Freedom Index for Malawi is 50.7, ranking 159/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malawi UAE
Services, % of GDP
48.7%
2025
54.9%
2024
Industry, % of GDP
14.3%
2025
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
30%
2025
0.77%
2024
GNI, Atlas method
$13.4B
2025
$566B
2024
GNI per capita, PPP
$1,880
2025
$81,640
2024
Total reserves including gold
$594M
2020
$292B
2025
Total reserves ranking
154/177
2020
14/177
2025
Net foreign direct investment
-$202M
2024
$31.5B
2024
Net inflows of foreign direct investment
$258M
2024
$45.6B
2024
Net outflows of foreign direct investment
$56.4M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
1.47%
2024
n/a
Poverty at national poverty lines
50.7%
2019
19.5%
2020
Gross capital formation, % of GDP
15.7%
2025
26.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/malawi/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.