Current account balance (credit less debit), Net (credits less) in Malawi
Malawi: Current account balance (credit less debit), Net (credits less) was -2.13 billion in 2024. ▼ Falling
Current account balance (credit less debit), Net (credits less debits) in Malawi, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Malawi is -2.13 billion, measured in 2024.
That represents a change of down 1.0% on the previous year and down 88.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Malawi peaked at -306.57 million in 2006 and was at its lowest, -2.28 billion, in 2022.
That places Malawi 153rd out of 198 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Current account balance (credit less debit), Net (credits less) in Malawi, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -506.71 million | — |
| 2006 | -306.57 million | -39.5% |
| 2007 | -418.03 million | +36.4% |
| 2008 | -693.39 million | +65.9% |
| 2009 | -543.63 million | -21.6% |
| 2010 | -969.29 million | +78.3% |
| 2011 | -1.14 billion | +17.3% |
| 2012 | -744.67 million | -34.5% |
| 2013 | -1.24 billion | +66.0% |
| 2014 | -1.13 billion | -8.7% |
| 2015 | -1.06 billion | -5.7% |
| 2016 | -1.01 billion | -5.5% |
| 2017 | -1.56 billion | +54.9% |
| 2018 | -1.71 billion | +9.4% |
| 2019 | -1.32 billion | -22.5% |
| 2020 | -1.64 billion | +24.0% |
| 2021 | -1.92 billion | +17.0% |
| 2022 | -2.28 billion | +18.9% |
| 2023 | -2.10 billion | -7.7% |
| 2024 | -2.13 billion | +1.0% |
Malawi compared with similar countries
- Malawi's -2.13 billion is below the median for low income countries, which is -1.71 billion, 1.2× the median. (20 countries reporting)
- Malawi's -2.13 billion is below the median for Sub-Saharan Africa, which is -606.36 million, 3.5× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -493.67 million | -693.39 million | -306.57 million | 5 |
| 2010s | -1.19 billion | -1.71 billion | -744.67 million | 10 |
| 2020s | -2.01 billion | -2.28 billion | -1.64 billion | 5 |
Countries ranked near Malawi
More financial sector data for Malawi
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.1505 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.1099 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.1505 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Malawi?
- Current account balance (credit less debit), net (credits less debits) in Malawi was -2.13 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Malawi?
- The highest recorded value was -306.57 million in 2006.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Malawi?
- The lowest recorded value was -2.28 billion in 2022.
- How does Malawi rank for current account balance (credit less debit), net (credits less debits)?
- Malawi ranks 153rd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Malawi?
- Over the last ten years it is down 88.3%. The long-run trend across the full record is falling.
- Where does this Malawi data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.