Taxes on goods and services (current LCU), annual growth rate in Malawi
Malawi: Taxes on goods and services (current LCU), annual growth rate was 36.4 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Malawi, 2010–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Malawi recorded 36.4 % change on previous year for taxes on goods and services (current lcu), annual growth rate in 2024.
Compared with earlier readings it is up 19.4% on the previous year and down 33.8% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Malawi peaked at 55.02 % change on previous year in 2014 and was at its lowest, 1.63 % change on previous year, in 2012.
That places Malawi 13th out of 156 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Malawi, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2010 | 27.79 % change on previous year | — |
| 2011 | 19.03 % change on previous year | -31.5% |
| 2012 | 1.63 % change on previous year | -91.4% |
| 2013 | 26.01 % change on previous year | +1497.4% |
| 2014 | 55.02 % change on previous year | +111.5% |
| 2015 | 9.63 % change on previous year | -82.5% |
| 2016 | 27.64 % change on previous year | +187.0% |
| 2017 | 30.91 % change on previous year | +11.8% |
| 2018 | 12.64 % change on previous year | -59.1% |
| 2019 | 14.7 % change on previous year | +16.2% |
| 2020 | 9.38 % change on previous year | -36.2% |
| 2021 | 9.35 % change on previous year | -0.3% |
| 2022 | 31.26 % change on previous year | +234.2% |
| 2023 | 30.49 % change on previous year | -2.5% |
| 2024 | 36.4 % change on previous year | +19.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 22.5 % change on previous year | 1.63 % change on previous year | 55.02 % change on previous year | 10 |
| 2020s | 23.38 % change on previous year | 9.35 % change on previous year | 36.4 % change on previous year | 5 |
Countries ranked near Malawi
- 10 Ghana 41.05 % change on previous year compare
- 11 Gabon 39.7 % change on previous year compare
- 12 East Timor 37.8 % change on previous year compare
- 14 Kazakhstan 36.23 % change on previous year compare
- 15 Somalia 34.14 % change on previous year compare
- 16 Macao 33.2 % change on previous year compare
More public sector data for Malawi
- Arms imports 19.00 million SIPRI trend indicator values (2022)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 19.00 million SIPRI trend indicator values (2022)
- Military expenditure (current USD), per capita 5.43 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -21.39 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 117.59 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 201.53 SIPRI trend indicator values per square kilometre (2022)
Frequently asked questions
- What is taxes on goods and services (current lcu), annual growth rate in Malawi?
- Taxes on goods and services (current lcu), annual growth rate in Malawi was 36.4 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Malawi?
- The highest recorded value was 55.02 % change on previous year in 2014.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Malawi?
- The lowest recorded value was 1.63 % change on previous year in 2012.
- How does Malawi rank for taxes on goods and services (current lcu), annual growth rate?
- Malawi ranks 13th out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Malawi?
- Over the last ten years it is down 33.8%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.