Africa
High RiskLatest data: 2022 | Updated 2/2/2026
55.6%
--
1.7%
$11.3B
Inflation: 32.2%
High Inflation
Malawi's inflation rate of 32.2% is severely eroding purchasing power, disproportionately affecting the poorest households and undermining macroeconomic stability.
Import Cover Critical
Malawi's foreign exchange reserves cover only 1.9 months of imports, well below the 3-month minimum threshold. This leaves the economy highly vulnerable to external payment shocks and currency crises.
Elevated Debt Level
Malawi's debt-to-GDP of 55.6% is above the IMF's 55% prudential threshold, signalling limited fiscal buffers and increased vulnerability to external shocks.
High Distress Risk
Malawi is rated at high risk of debt distress, indicating a significant probability of being unable to meet future debt obligations without corrective policy action or external support.
External debt by creditor type
No composition data available
No historical data available