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Economic Overview


Malawi is a land-linked country covering 118,500 square meters a third of which is covered by the country's famous fresh water, Lake Malawi also called the Calendar Lake or the Lake of Stars. Lake Malawi is one of the largest freshwater bodies in the world and holds the most diverse number of fish species in one single body - over 800 species. The country is also blessed with vast natural resources and enjoys vast tracts of beautiful natural scenery including game reserves and sandy beaches along the beautiful Lake Malawi.

Malawi's economy is pre-dominantly agricultural, with tobacco, tea, sugar, coffee and macadamia as the main export crops. The agricultural sector accounts for over 80% of the country’s GDP.  As of 2021, total population was approximately 19.65 million and is expected to double by 2038. Real GDP growth was 3.9% and inflation stood at 9.3% while GDP per capita was USD625.29

Malawi shares its borders with Mozambique, Zambia, and Tanzania; all these countries are either member of SADC and COMESA to which Malawi exports manufactured products duty-free as long as they comply with a pre-stipulated minimum of local content. Malawi thus is a hub of production that conveniently directly interfaces three market fronts with a total population of over 100 million people, and indirectly to a market of (Zimbabwe and DRC) within 2-12 hours.

Tea picker close up at sunrise - Satemwa - HR.GC copy.jpg
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