As of 2023, Malawi's GDP composition is primarily dominated by the Services sector, contributing 30.31%. Agriculture follows with 25.12%, reflecting the country's agrarian economic base. The Wholesale, retail trade, restaurants, and hotels sector also plays a significant role at 21.38%. Mining, Manufacturing, and Utilities account for 11.9%, while the Transport, storage, and communication sector stands at 6.81%. The Construction sector is the smallest, contributing 4.47% to GDP. Year-on-year variations might exhibit modest shifts, but the 5-year CAGR reveals steady growth, especially in manufacturing and services.
Future trends to watch include:
- Potential growth in industrialization and manufacturing, driven by investment incentives.
- Expansion of services due to technological advancements and urbanization.
- Fluctuations in agriculture due to climate change and global market dynamics.
- Development in transport and communication powered by infrastructure projects.
- Opportunity for construction sector growth through public and private investment initiatives.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 30.31 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 25.12 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 21.38 | 2016 | |
| 4 | 4 Mining, Manufacturing, Utilities | 11.9 | 2016 | |
| 5 | 5 Transport, storage and communication | 6.81 | 2016 | |
| 6 | 6 Construction | 4.47 | 2016 |
