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Aliases: British Central African Protectorate, Dziko la Malawi, Nyasaland Protectorate, Republic of Malawi

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Object «Malawi» has attributes

Attribute Value
Geography
Area 118,484 km²
Continent Africa
Land area 94,080 km²
Water area 24,404 km²
Land boundaries 2,857 km
Border countries
  • Mozambique
  • Tanzania
  • Zambia
Coastline 0 km
Mean elevation 779 m
Lowest point 37 m
Highest point 3,002 m
People
Population 21,196,629
Official languages
  • English
Religion Protestant
Government
Long country name Republic of Malawi
Short country name Malawi
Long local name Dziko la Malawi
Short local name Malawi
Former name
  • British Central African Protectorate
  • Nyasaland
  • Nyasaland Protectorate
Government type Presidential republic
Capital Lilongwe
Economy
GDP (PPP) 22,420,000,000 USD
GDP (OER) 6,240,000,000 USD
GDP (real growth rate) 4 %
GDP - per capita (PPP) 1,200 USD
Gross national saving 3.9 % of GDP
Labor force 7,000,000
Unemployment rate 20.4 %
Population below poverty line 50.7 %
Budget revenues 1,356,000,000 USD
Budget expenditures 1,567,000,000 USD
Military expenditures 0.85 % of GDP
Taxes and other revenues 21.7 % of GDP
Budget surplus or deficit -3.4 % of GDP
Public debt 59.2 % of GDP
Inflation rate 12.2 %
Central bank discount rate 16 %
Commercial bank prime lending rate 38.1 %
Stock of narrow money 632,400,000 USD
Stock of broad money 632,400,000 USD
Stock of domestic credit 1,161,000,000 USD
Market value of publicly traded shares 18,970,000 USD
Current account balance -591,000,000 USD
Exports 1,420,000,000 USD
Imports 2,312,000,000 USD
Reserves of foreign exchange and gold 780,200,000 USD
External debt 2,102,000,000 USD
National currency Malawian kwachas
National currency (code) MWK
National currency (symbol) MK
National currency rate to USD 731.69

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 presidential and parliamentary elections in 1994, under a provisional constitution that came into full effect the following year. Bakili MULUZI became the first freely elected president of Malawi when he won the presidency in 1994; he won re-election in 1999. President Bingu wa MUTHARIKA, elected in 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 in 2005. MUTHARIKA was reelected to a second term in 2009. He oversaw some economic improvement in his first term, but was accused of economic mismanagement and poor governance in his second term. He died abruptly in 2012 and was succeeded by vice president, Joyce BANDA, who had earlier started her own party, the People's Party. MUTHARIKA's brother, Peter MUTHARIKA, defeated BANDA in the 2014 election. Population growth, increasing pressure on agricultural lands, corruption, and the scourge of HIV/AIDS pose major problems for Malawi.

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There was one edit, no edits waiting approval. Last edited by everette34(9367), Sep 16, 2019 (65 fields were changed)
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