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Government Finance of Malawi

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

24.7% 24.8% 50.4%
  • Personal income taxes: 24.7%
  • Corporate income taxes: 24.8%
  • Goods and services taxes: 50.4%
  • Other taxes: 0.1%
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Personal income taxes
24.7%
Corporate income taxes
24.8%
Goods and services taxes
50.4%
Other taxes
0.1%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 74.5% #44 / 184 2026
Government Gross Debt (Local currency - MWK) 24.06T - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - MWK) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -10.5% #179 / 189 2026
Fiscal Balance (Local currency - MWK) -3.39T - 2026
Primary Fiscal Balance (% of GDP) -2.3% #129 / 182 2026
Primary Fiscal Balance (Local currency - MWK) -756B - 2026

Revenue and Spending

Government Revenue (% of GDP) 18.6% #145 / 189 2026
Government Revenue (Local currency - MWK) 6T - 2026
Government Spending (% of GDP) 29.1% #100 / 189 2026
Government Spending (Local currency - MWK) 9.4T - 2026

International Reserves

Total Reserves (USD) No data - -

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