Malawi External Debt: % of GDP

2006 - 2021 | Yearly | % | Ministry of Finance and Economic Affairs

Key information about Malawi External Debt: % of GDP

  • Malawi External Debt accounted for 60.1 % of the country's Nominal GDP in 2021, compared with the ratio of 53.8 % in the previous year.
  • Malawi External Debt: % of Nominal GDP data is updated yearly, available from Dec 2006 to Dec 2021.
  • The data reached an all-time high of 66.7 % in Dec 2016 and a record low of 15.0 % in Dec 2006.

The Ministry of Finance provides External Debt as % of Nominal GDP. External Debt covers Public sector only.


Related information about Malawi External Debt: % of GDP

  • In the latest reports of Malawi, Current Account recorded a deficit of 2.3 USD bn in Dec 2023.
  • Foreign Direct Investment (FDI) increased by 46.4 USD mn in Dec 2021.
  • Malawi Direct Investment Abroad fell by 122.4 USD mn in Dec 2021.
  • Its Foreign Portfolio Investment fell by 146.4 USD mn in Dec 2021.
  • The country's External Debt reached 2,812,733.5 in Dec 2021.
  • The country's Nominal GDP was reported at 10.9 USD bn in Dec 2019.

View Malawi's External Debt: % of GDP from 2006 to 2021 in the chart:

Malawi External Debt: % of GDP

What was Malawi's External Debt: % of GDP in 2021?

Malawi External Debt accounted for 60.1 % of the country's Nominal GDP in 2021, compared with the ratio of 53.8 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
60.1 2021 53.8 2020 15.0 2006 66.7 2016 % yearly 2006 - 2021

External Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 40.5 2024 yearly 1991 - 2024
Algeria (%) 1.1 2024 yearly 1970 - 2024
Argentina (%) 43.5 2024 yearly 1994 - 2024
Armenia (%) 62.9 2024 yearly 2000 - 2024
Australia (%) 112.8 2024 yearly 1988 - 2024
Austria (%) 154.5 2024 yearly 1997 - 2024
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 46.0 Jun 2025 quarterly Dec 2000 - Jun 2025
Belgium (%) 242.6 2024 yearly 2007 - 2024
Bolivia (%) 33.0 2024 yearly 2006 - 2024
Bosnia and Herzegovina (%) 17.0 2024 yearly 1999 - 2024
Botswana (%) 7.8 2025 yearly 1995 - 2025
Brazil (%) 27.6 2024 yearly 1992 - 2024
Bulgaria (%) 47.6 2024 yearly 1999 - 2024
Cambodia (%) 45.4 2024 yearly 2010 - 2024
Canada (%) 146.4 2024 yearly 1990 - 2024
Chile (%) 74.2 2024 yearly 1971 - 2024
China (%) 12.9 2024 yearly 1985 - 2024
Colombia (%) 51.3 2024 yearly 1970 - 2024
Croatia (%) 74.3 2022 yearly 1998 - 2022
Cyprus (%) 674.2 2024 yearly 2004 - 2024
Czech Republic (%) 65.4 2024 yearly 1995 - 2024
Denmark (%) 142.2 2024 yearly 2005 - 2024
Ecuador (%) 47.8 2024 yearly 1970 - 2024
Egypt (%) 44.2 Jun 2025 quarterly Jun 1999 - Jun 2025
Estonia (%) 97.8 2024 yearly 1996 - 2024
European Union (%) 109.7 2024 yearly 2008 - 2024
Finland (%) 203.5 2024 yearly 1991 - 2024
France (%) 250.2 2024 yearly 2004 - 2024
Georgia (%) 73.6 2024 yearly 1999 - 2024
Germany (%) 147.6 2024 yearly 1999 - 2024
Ghana (%) 34.4 2024 yearly 1999 - 2024
Greece (%) 243.2 2024 yearly 2003 - 2024
Hong Kong SAR, China (%) 467.1 2024 yearly 2001 - 2024
Hungary (%) 142.9 2024 yearly 2006 - 2024
Iceland (%) 71.9 2024 yearly 1989 - 2024
India (%) 19.1 2025 yearly 1970 - 2025
Indonesia (%) 30.4 2024 yearly 2003 - 2024
Iran (%) 0.8 2025 yearly 1994 - 2025
Ireland (%) 544.0 2024 yearly 2002 - 2024
Israel (%) 27.2 2024 yearly 1998 - 2024
Italy (%) 120.8 2024 yearly 2002 - 2024
Ivory Coast (%) 34.4 2022 yearly 1994 - 2022
Japan (%) 112.7 2024 yearly 2003 - 2024
Jordan (%) 80.3 2024 yearly 1970 - 2024
Kazakhstan (%) 59.2 Jun 2025 quarterly Mar 2002 - Jun 2025
Kenya (%) 31.2 2024 yearly 2006 - 2024
South Korea (%) 35.9 2024 yearly 1994 - 2024
Kosovo (%) 40.7 2024 yearly 2007 - 2024
Kuwait (%) 41.5 2024 yearly 2014 - 2024
Kyrgyzstan (%) 70.8 2024 yearly 2003 - 2024
Laos (%) 68.7 2024 yearly 1996 - 2024
Latvia (%) 104.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Lebanon (%) 17.4 2023 yearly 2007 - 2023
Lithuania (%) 77.4 2024 yearly 1996 - 2024
Luxembourg (%) 4,148.6 2024 yearly 2002 - 2024
North Macedonia (%) 79.2 2024 yearly 2004 - 2024
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 69.9 2024 yearly 2009 - 2024
Malta (%) 836.7 2024 yearly 2004 - 2024
Mauritius (%) 1,221.8 2024 yearly 2009 - 2024
Mexico (%) 32.2 2024 yearly 2002 - 2024
Moldova (%) 56.7 2024 yearly 2000 - 2024
Mongolia (%) 157.9 2024 yearly 1992 - 2024
Montenegro (%) 112.7 2023 yearly 2006 - 2023
Morocco (%) 50.8 2022 yearly 1970 - 2022
Mozambique (%) 49.2 2023 yearly 1985 - 2023
Myanmar (%) 18.9 2023 yearly 2018 - 2023
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 349.4 2024 yearly 2003 - 2024
New Zealand (%) 94.7 2024 yearly 1993 - 2024
Nigeria (%) 18.6 2024 yearly 1985 - 2024
Norway (%) 155.3 2024 yearly 2003 - 2024
Pakistan (%) 33.1 2025 yearly 2000 - 2025
Palestinian Territory (%) 15.3 2024 yearly 2012 - 2024
Panama (%) 169.8 2021 yearly 2014 - 2021
Paraguay (%) 58.8 2024 yearly 2000 - 2024
Peru (%) 36.7 2024 yearly 1980 - 2024
Philippines (%) 29.8 2024 yearly 1990 - 2024
Poland (%) 51.8 2024 yearly 1995 - 2024
Portugal (%) 144.8 2024 yearly 1996 - 2024
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 57.5 2024 yearly 1995 - 2024
Russia (%) 13.3 2024 yearly 1993 - 2024
Serbia (%) 60.5 2024 yearly 2000 - 2024
Singapore (%) 407.1 2024 yearly 2003 - 2024
Slovakia (%) 100.9 2024 yearly 1995 - 2024
Slovenia (%) 87.9 2024 yearly 1995 - 2024
South Africa (%) 42.0 2024 yearly 1985 - 2024
Spain (%) 162.5 2024 yearly 1995 - 2024
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 168.1 2024 yearly 1997 - 2024
Switzerland (%) 233.9 2024 yearly 1999 - 2024
Taiwan (%) 27.4 2024 yearly 1999 - 2024
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 35.5 Jun 2025 quarterly Mar 2005 - Jun 2025
Tunisia (%) 83.8 2024 yearly 2002 - 2024
Turkey (%) 38.2 2024 yearly 1989 - 2024

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Malawi Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.3 Sep 2025 monthly Apr 2005 - Sep 2025
Consolidated Fiscal Balance (USD mn) -6.171 Oct 2025 monthly Oct 2005 - Oct 2025
Tax Revenue (USD mn) 1,677.860 2022 yearly 2009 - 2022
Tax Revenue: % of GDP (%) 13.5 2022 yearly 2009 - 2022
National Government Debt (USD mn) 2,620.0 2014 yearly 2010 - 2014
Government Debt: % of GDP (%) 66.0 2014 yearly 2010 - 2014
Forecast: Government Expenditure (MWK bn) 18,587.472 2030 yearly 2002 - 2030
Forecast: Government Net Debt (MWK bn) 52,033.349 2030 yearly 2002 - 2030
Forecast: Government Revenue (MWK bn) 10,889.039 2030 yearly 2002 - 2030
Central Government: Revenue and Grants (MWK bn) 566.700 Oct 2025 monthly Oct 2005 - Oct 2025
Central Government: Expenditure (MWK bn) 577.500 Oct 2025 monthly Oct 2005 - Oct 2025
Central Government: Net Financing (MWK bn) 520.900 Oct 2025 monthly Oct 2005 - Oct 2025
Central Government: Deficit or Surplus (MWK bn) -10.800 Oct 2025 monthly Oct 2005 - Oct 2025
Central Government: Revenue and Grants: Revenue (MWK bn) 526.500 Oct 2025 monthly Oct 2005 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.545 2028 yearly 1980 - 2028
Trade Balance (USD mn) -173.1 Jul 2025 monthly Jan 1964 - Jul 2025
Total Exports (USD mn) 117.0 Jul 2025 monthly Jan 1994 - Jul 2025
Total Exports Growth (%) 40.9 Jul 2025 monthly Jan 1995 - Jul 2025
Aluminum: Exports (USD th) 60.077 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 222.975 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 34.498 2024 yearly 1995 - 2024
Total Imports (USD mn) 290.1 Jul 2025 monthly Jan 1994 - Jul 2025
Total Imports Growth (%) -3.1 Jul 2025 monthly Jan 1995 - Jul 2025
Imports: Medicament (USD th) 105,095.742 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 79,592.082 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 0.253 Aug 2025 monthly Dec 1984 - Aug 2025
Total Imports from USA (USD mn) 0.146 Aug 2025 monthly Jul 1987 - Aug 2025
Total Exports to China (USD mn) 0.782 Aug 2025 monthly Jan 2008 - Aug 2025
Total Imports from China (USD mn) 19.848 Aug 2025 monthly Feb 1999 - Aug 2025
Foreign Trade Balance (MWK mn) -266,219.080 Nov 2024 monthly Jan 1994 - Nov 2024
Foreign Trade: Re-Exports (MWK mn) 10,682.068 Nov 2024 monthly Jan 1994 - Nov 2024
Foreign Trade: Imports (MWK mn) 526,730.649 Nov 2024 monthly Jan 1994 - Nov 2024
Foreign Trade: Exports (MWK mn) 261,073.377 Nov 2024 monthly Jan 1994 - Nov 2024
Import Volume Index (2015=100) 122.732 2021 yearly 1980 - 2021
Import Value Index (2015=100) 140.916 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 89.753 2021 yearly 1980 - 2021
Export Value Index (2015=100) 93.195 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -122.4 2021 yearly 2003 - 2021
Current Account Balance (USD mn) -2,276.0 2023 yearly 1977 - 2023
Current Account Balance: % of GDP (%) -17.0 2023 yearly 1977 - 2023
Foreign Direct Investment (USD mn) 46.4 2021 yearly 1970 - 2021
Foreign Direct Investment: % of GDP (%) 0.4 2021 yearly 1970 - 2021
Foreign Portfolio Investment (USD mn) -146.374 2021 yearly 2003 - 2021
Foreign Portfolio Investment: % of GDP (%) -1.2 2021 yearly 2003 - 2021
Foreign Portfolio Investment: Equity Securities (USD mn) -0.0 2021 yearly 2003 - 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 2.868 2024 yearly 2003 - 2024
External Debt (MWK mn) 2,812,733.5 2021 yearly 1984 - 2021
External Debt: % of GDP (%) 60.1 2021 yearly 2006 - 2021
External Debt: Short Term (USD mn) 13.8 2023 yearly 1970 - 2023
External Debt: Short Term: % of GDP (%) 0.6 2019 yearly 2002 - 2019
Forecast: Current Account Balance (USD bn) -2.007 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -6,956.681 2022 yearly 2002 - 2022
BoP: Current and Capital Account (MWK mn) -99,300.000 2012 yearly 2003 - 2012
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 9.4 Dec 2024 quarterly Dec 2003 - Dec 2024
Household Debt: % of GDP (%) 0.3 2011 yearly 2006 - 2011
Non-Performing Loans (USD mn) 83.604 Sep 2024 quarterly Jun 2015 - Sep 2024
Money Supply M1 (USD mn) 1,005.072 Apr 2021 monthly Jan 1975 - Apr 2021
Money Supply M2 (USD mn) 4,162.371 Oct 2025 monthly Jan 1975 - Oct 2025
M2 Growth (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Reserve Requirement Ratio (%) 10.0 Nov 2025 monthly Jan 2019 - Nov 2025
Foreign Exchange Reserves (USD mn) 413.8 Oct 2021 monthly Jun 1965 - Oct 2021
Foreign Exchange Reserves: % of GDP (%) 7.753 2019 yearly 2002 - 2019
Foreign Exchange Reserves: Months of Import (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Gold Reserves (USD mn) 22.783 Nov 2015 monthly Jan 1972 - Nov 2015
Total Deposits (USD mn) 323.758 Oct 2025 monthly Feb 2005 - Oct 2025
Total Deposits Growth (%) 5.0 Oct 2025 monthly Feb 2006 - Oct 2025
Domestic Credit (USD mn) 6,110.2 Oct 2025 monthly Jan 1975 - Oct 2025
Domestic Credit Growth (%) 46.8 Oct 2025 monthly Jan 1976 - Oct 2025
Household Debt (USD mn) 17.7 Dec 2011 monthly Jan 2006 - Dec 2011
Private Debt: % of Nominal GDP (%) 7.49 2023 yearly 2017 - 2023
Monetary Aggregates: M2 (MWK bn) 7,217.600 Oct 2025 monthly Jan 1975 - Oct 2025
Monetary Survey: Net Domestic Assets: Domestic Credit (MWK bn) 10,595.200 Oct 2025 monthly Jan 1975 - Oct 2025
Monetary Aggregates: M1 (MWK bn) 796.100 Apr 2021 monthly Jan 1975 - Apr 2021
Monetary Aggregates: Quasi Money (MWK bn) 848.900 Apr 2021 monthly Jan 1975 - Apr 2021
Monetary Survey: Official Foreign Reserves (MWK mn) 400,770.800 Dec 2022 monthly Jan 1975 - Dec 2022
Bank Deposits (MWK bn) 561.400 Oct 2025 monthly Feb 2005 - Oct 2025

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