Malawi - Market OverviewMalawi - Market Overview
- Malawi is a landlocked country in south-eastern Africa that is bordered by Mozambique on the east and southwest, by Tanzania on the north and northeast, and by Zambia on the west and northwest.
- Malawi has over 18.6 million inhabitants and an annual population growth rate estimated at approximately 3%. The annual per capita gross domestic product (GDP) is $300.
- Agriculture is the mainstay of Malawi’s economy, accounting for about one-third of GDP and more than 80% of export earnings (tobacco alone accounts for about 50% of exports).The agricultural sector employs nearly 65% of those in formal employment, and directly or indirectly supports an estimated 85% of the population (including subsistence farming). Tobacco, tea, and sugar are Malawi’s principal exports.
- After two consecutive years of slow growth (3% in 2015 and 2.5% in 2016) due to drought and floods, growth picked up to 4.1% in 2017.