Country Financial Sector Profilesback

Financial Sector Overview

At a Glance

Source
Population in thousands (2017): 18,622.1
GDP per capita (current US$) 2017 - World Average 10,721.61: 338.48
Account (%) age 15+) - (2014 vs 2017): 18% | 34%
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 1.00 | 0.88
Financial Inclusion Strategies: • The Malawi National Strategy for Financial Inclusion (2010–2014)• SADC Financial Inclusion Strategy 2016-2021
Domestic credit provided by financial sector (% of GDP) 2017: n/a
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 11% | 28%
Remittances % of GDP for 2017: 0.006
Mortgage Interest Rate / Mortgage Term (years): 35.5% | 10

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Latest News & Events

May 03, 2019 | Nyasa Times; All Africa
The Reserve Bank of Malawi (RBM) has resolved to slash the policy rate - the bank rate - a key driver of interest rates on loans to 13.5 percent in…
Jan 31, 2019 | Nyasa Times; All Africa
Reserve Bank of Malawi (RBM) officially launched its 2019 to 2021 Strategic Plan to guide its operations for the next three years and has also…

Latest Publications

Sep 30, 2018 | X Gine, j. Goldberg | The World Bank
Jul 31, 2018 | FinMark Trust | FinMark Trust
Jun 14, 2017 | S. Truen, W. Jitsing, K. Kgaphola et al. | FinMark Trust
May 31, 2017 | A.B. Fanta, K. Mutsonziwa, B. Berkowitz et al. | FinMark Trust
Apr 30, 2017 | A.B. Fanta, K. Mutsonziwa, B. Berkowitz et al. | FinMark Trust