Compensation of employees (current LCU) in Malawi
Malawi: Compensation of employees (current LCU) was 1.33 trillion current LCU in 2024. ◆ Volatile
Compensation of employees in Malawi, 2009–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Malawi stood at 1.33 trillion current LCU. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 29.9% on the previous year and up 847.5% over ten years.
Over the whole period, compensation of employees in Malawi peaked at 1.33 trillion current LCU in 2024 and was at its lowest, 37.59 billion current LCU, in 2009.
Malawi ranks 29th of 156 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Malawi, year by year
| Year | current LCU | Change |
|---|---|---|
| 2009 | 37.59 billion current LCU | — |
| 2010 | 44.79 billion current LCU | +19.1% |
| 2011 | 58.09 billion current LCU | +29.7% |
| 2012 | 70.18 billion current LCU | +20.8% |
| 2013 | 97.17 billion current LCU | +38.5% |
| 2014 | 140.03 billion current LCU | +44.1% |
| 2015 | 196.93 billion current LCU | +40.6% |
| 2016 | 226.17 billion current LCU | +14.8% |
| 2017 | 265.13 billion current LCU | +17.2% |
| 2018 | 331.36 billion current LCU | +25.0% |
| 2019 | 398.85 billion current LCU | +20.4% |
| 2020 | 473.62 billion current LCU | +18.7% |
| 2021 | 552.89 billion current LCU | +16.7% |
| 2022 | 772.41 billion current LCU | +39.7% |
| 2023 | 1.02 trillion current LCU | +32.2% |
| 2024 | 1.33 trillion current LCU | +29.9% |
Malawi compared with similar countries
- Malawi's 1.33 trillion current LCU is above the median for low income countries, which is 514.83 billion current LCU, 2.6× the median. (16 countries reporting)
- Malawi's 1.33 trillion current LCU is above the median for Sub-Saharan Africa, which is 317.20 billion current LCU, 4.2× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.59 billion current LCU | 37.59 billion current LCU | 37.59 billion current LCU | 1 |
| 2010s | 182.87 billion current LCU | 44.79 billion current LCU | 398.85 billion current LCU | 10 |
| 2020s | 829.36 billion current LCU | 473.62 billion current LCU | 1.33 trillion current LCU | 5 |
Countries ranked near Malawi
- 26 Cote d'Ivoire 2.04 trillion current LCU compare
- 27 Senegal 1.63 trillion current LCU compare
- 28 Philippines 1.53 trillion current LCU compare
- 30 Ukraine 1.31 trillion current LCU compare
- 31 Kazakhstan 1.08 trillion current LCU compare
- 32 Cameroon 1.07 trillion current LCU compare
More public sector data for Malawi
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 2.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9237 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0015 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2016)
Frequently asked questions
- What is compensation of employees in Malawi?
- Compensation of employees in Malawi was 1.33 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Malawi?
- The highest recorded value was 1.33 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Malawi?
- The lowest recorded value was 37.59 billion current LCU in 2009.
- How does Malawi rank for compensation of employees?
- Malawi ranks 29th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Malawi?
- Over the last ten years it is up 847.5%. 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 Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.