Taxes on goods and services in Malawi
Malawi: Taxes on goods and services was 10.1% in 2024. ▲ Rising
Taxes on goods and services in Malawi, 2009–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2024, taxes on goods and services in Malawi stood at 10.1%. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 13.1% on the previous year and up 43.4% over ten years.
Over the whole period, taxes on goods and services in Malawi peaked at 10.1% in 2024 and was at its lowest, 5.8%, in 2013.
That places Malawi 76th out of 154 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on goods and services in Malawi, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2009 | 7.0% | — |
| 2010 | 7.4% | +5.6% |
| 2011 | 7.3% | -1.5% |
| 2012 | 6.2% | -15.7% |
| 2013 | 5.8% | -5.5% |
| 2014 | 7.1% | +21.4% |
| 2015 | 6.2% | -12.1% |
| 2016 | 6.4% | +2.4% |
| 2017 | 7.3% | +15.0% |
| 2018 | 7.3% | +0.2% |
| 2019 | 7.5% | +2.0% |
| 2020 | 7.8% | +4.5% |
| 2021 | 7.7% | -1.6% |
| 2022 | 8.8% | +14.4% |
| 2023 | 9.0% | +1.9% |
| 2024 | 10.1% | +13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.0% | 7.0% | 7.0% | 1 |
| 2010s | 6.8% | 5.8% | 7.5% | 10 |
| 2020s | 8.7% | 7.7% | 10.1% | 5 |
Countries ranked near Malawi
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 in Malawi?
- Taxes on goods and services in Malawi was 10.1% 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 10.1% in 2024.
- What is the lowest taxes on goods and services recorded in Malawi?
- The lowest recorded value was 5.8% in 2013.
- How does Malawi rank for taxes on goods and services?
- Malawi ranks 76th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Malawi?
- Over the last ten years it is up 43.4%. The long-run trend across the full record is rising.
- 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 (% value added of industry and services). 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 as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.