Taxes on goods and services in Malawi
Malawi: Taxes on goods and services was 1.22 trillion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Malawi, 2009–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Malawi recorded 1.22 trillion current LCU for taxes on goods and services in 2024. That is the highest value across all 16 years on record.
That represents a change of up 36.4% on the previous year and up 561.4% over ten years.
Over the whole period, taxes on goods and services in Malawi peaked at 1.22 trillion current LCU in 2024 and was at its lowest, 61.14 billion current LCU, in 2009.
That places Malawi 35th out of 157 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61.14 billion current LCU | 61.14 billion current LCU | 61.14 billion current LCU | 1 |
| 2010s | 218.63 billion current LCU | 78.13 billion current LCU | 436.98 billion current LCU | 10 |
| 2020s | 760.63 billion current LCU | 477.95 billion current LCU | 1.22 trillion current LCU | 5 |
Countries ranked near Malawi
- 32 Bangladesh 1.47 trillion current LCU compare
- 33 Sri Lanka 1.42 trillion current LCU compare
- 34 Burkina Faso 1.34 trillion current LCU compare
- 36 Armenia 1.20 trillion current LCU compare
- 37 Serbia 1.19 trillion current LCU compare
- 38 Philippines 1.12 trillion current LCU compare
More public sector data for Malawi
- Arms imports 19.00 million SIPRI trend indicator values (2022)
- Tax revenue 15.6% (2024)
- Taxes on income, profits and capital gains 39.2% (2024)
- Taxes on goods and services 30.5% (2024)
- Net investment in nonfinancial assets 8.0% (2024)
- Net lending (+) / net borrowing (-) -11.8% (2024)
- Interest payments 35.8% (2024)
- Grants and other revenue 23.5% (2024)
- Interest payments 26.3% (2022)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is taxes on goods and services in Malawi?
- Taxes on goods and services in Malawi was 1.22 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Malawi?
- The highest recorded value was 1.22 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Malawi?
- The lowest recorded value was 61.14 billion current LCU in 2009.
- How does Malawi rank for taxes on goods and services?
- Malawi ranks 35th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Malawi?
- Over the last ten years it is up 561.4%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.