Current account balance (credit less debit), Net (credits less debits) in Malawi
Malawi: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- Total reserves in months of imports, annual growth rate -33 % change on previous year (2020)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2020)
- Total reserves in months of imports, per capita 0 units per person (2020)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -33.35 % change on previous year (2020)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0345 SDR per US$ of GDP (2020)
- Reserves excluding gold, foreign exchange (SDR), per capita 20.78 SDR per person (2020)
- Reserves excluding gold (SDR), annual growth rate -32.6 % change on previous year (2020)
- Reserves excluding gold (SDR), per capita 21.13 SDR per person (2020)
- Total reserves (gold at market value) (SDR), annual growth rate -32.6 % change on previous year (2020)
- Total reserves (gold at market value) (SDR), per capita 21.13 SDR per person (2020)
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.