FANDOM


Country summary

Capital

Lilongwe

Borders

Mozambique 1,569 km, Tanzania 475 km, Zambia 837 km

Government type

multiparty democracy

Population

15,028,757[1]

Population growth

2.746% (2010 est.)[1]

Life expectancy

50.03 years[1]

Unemployment

NA%[1]

Index of Economic Freedom

122[2]

Corruption Perceptions Index

89[3]

Doing Business ranking

132[4]


Established in 1891, the British protectorate of Nyasaland became the independent nation of Malawi in 1964. After three decades of one-party rule under President Hastings Kamuzu BANDA the country held multiparty elections in 1994, under a provisional constitution that came into full effect the following year. Current President Bingu wa MUTHARIKA, elected in May 2004 after a failed attempt by the previous president to amend the constitution to permit another term, struggled to assert his authority against his predecessor and subsequently started his own party, the Democratic Progressive Party (DPP) in 2005. As president, MUTHARIKA has overseen economic improvement but because of political deadlock in the legislature, his minority party has been unable to pass significant legislation, and anti-corruption measures have stalled. Population growth, increasing pressure on agricultural lands, corruption, and the spread of HIV/AIDS pose major problems for Malawi. MUTHARIKA was reelected to a second term in May 2009.[1]

Economical characteristicsEdit

  • Currency: Kwacha (ISO code: MWK)
  • Central bank discount rate: 15% (31 December 2009)[1]
  • Commercial banks lending rate: 25.25% (31 December 2009 )[1]
  • Stock of money (M1): $502.1 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $491.1 million (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 1 776 1 744 1 717 2 665 2 425 2 625 2 855 3 164 3 586 4 269
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Malawi", from The World Facebook. Referenced 2010-10-04.
  2. Heritage Foundation. "Malawi", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  3. Transparency International. "Malawi", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. Doing Business. "Malawi", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  5. World Bank. "Malawi: GDP", from World Bank Data. Referenced 2010-10-04.
  6. World Bank. "Malawi: government debt", from World Bank Data. Referenced 2010-10-04.
  7. World Bank. "Malawi: government revenue", from World Bank Data. Referenced 2010-10-04.
  8. World Bank. "Malawi: government expenses", from World Bank Data. Referenced 2010-10-04.

External linksEdit

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