Malawi: Economic Development Document

Malawi: Economic Development Document
ISBN-10
1484307356
ISBN-13
9781484307359
Series
Malawi
Category
Business & Economics
Pages
25
Language
English
Published
2017-07-05
Publisher
International Monetary Fund
Author
International Monetary Fund. African Dept.

Description

Malawi is a small open economy in Sub-Saharan Africa with a per capita GNI of just US$320 in 2016, one of the lowest in the world. Per capita income has grown at an average of little more than 1.5 percent between 1995 and 2014, below the average of 2.8 percent for non-resource-rich African economies. Malawi remains an outlier even compared to its peers that are geographically and demographically similar and were at a similar stage of development in 1995.

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