The economy of Malawi
is built around the agricultural sector
is the driving factor for economic growth. The agricultural sector also grew strongly resulting in augmented tobacco
production in 2008.
Real Gross domestic product (GDP) growth estimates in 2008 for Malawi were revised upwards to 8.7% compared to 8.6% in 2007.
The economic growth impulse was from strong growth recorded in the manufacturing, information and communication
(IT), financial and insurance services
, mining and quarrying, transport
and storage, accommodation and food services sectors.
Real Gross domestic product (GDP) growth is forecast at 6.4% in 2011 and 6% in 2012
stability in uranium production and leveling off of productivity gains in the agriculture sector as the agricultural growth rate has peaked.
of Malawi for 2008
arise to USD 688.5 million from USD 634.3 million in the previous year; imports
are estimated to have augmented to USD 992.1
million from USD 920.3 million.
Example of the course doing business in Malawi:
and Foreign direct
opportunities exist in all sectors of the Malawian economy.
There are preference sectors that are targeted because of their economic potential to increase export earnings
of Malawi, in line with the Malawi Growth and Development Strategy (MGDS). The
main sectors offer
the optimum returns to local and foreign investors: manufacturing, Agriculture, tourism, Mining and Forestry.
Malawi is a member of several international organizations including the United Nations and some of its child agencies, the International Monetary Fund, the World Bank, the African Union and the World Health Organization. Malawi has preferential access to global markets under COMESA, SADC,
Africa Growth and Opportunity Act (AGOA)
, Cotonou Agreement (European Union), EU's Generalised System of Preferences (GSP), Forum Africa China,
Forum Africa India
, Economic Commission for Africa (UNECA), African Development Bank ...
Border countries: Zambia, Tanzania