Taxes on income, profits and capital gains in Malawi
Malawi: Taxes on income, profits and capital gains was 1.57 trillion current LCU in 2024. ◆ Volatile
Taxes on income, profits and capital gains in Malawi, 2009–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Malawi recorded 1.57 trillion current LCU for taxes on income, profits and capital gains in 2024. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 45.5% on the previous year and up 757.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Malawi peaked at 1.57 trillion current LCU in 2024 and was at its lowest, 51.59 billion current LCU, in 2009.
That places Malawi 30th out of 153 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.
Taxes on income, profits and capital gains in Malawi, year by year
| Year | current LCU | Change |
|---|---|---|
| 2009 | 51.59 billion current LCU | — |
| 2010 | 67.58 billion current LCU | +31.0% |
| 2011 | 82.75 billion current LCU | +22.5% |
| 2012 | 90.73 billion current LCU | +9.6% |
| 2013 | 131.74 billion current LCU | +45.2% |
| 2014 | 183.32 billion current LCU | +39.1% |
| 2015 | 236.13 billion current LCU | +28.8% |
| 2016 | 292.73 billion current LCU | +24.0% |
| 2017 | 386.08 billion current LCU | +31.9% |
| 2018 | 423.26 billion current LCU | +9.6% |
| 2019 | 460.72 billion current LCU | +8.9% |
| 2020 | 506.57 billion current LCU | +10.0% |
| 2021 | 539.92 billion current LCU | +6.6% |
| 2022 | 749.25 billion current LCU | +38.8% |
| 2023 | 1.08 trillion current LCU | +44.2% |
| 2024 | 1.57 trillion current LCU | +45.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.59 billion current LCU | 51.59 billion current LCU | 51.59 billion current LCU | 1 |
| 2010s | 235.50 billion current LCU | 67.58 billion current LCU | 460.72 billion current LCU | 10 |
| 2020s | 889.70 billion current LCU | 506.57 billion current LCU | 1.57 trillion current LCU | 5 |
Countries ranked near Malawi
- 27 Costa Rica 2.18 trillion current LCU compare
- 28 Iraq 2.12 trillion current LCU compare
- 29 Côte d'Ivoire 1.84 trillion current LCU compare
- 31 Philippines 1.53 trillion current LCU compare
- 32 Senegal 1.16 trillion current LCU compare
- 33 Thailand 1.13 trillion current LCU 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 income, profits and capital gains in Malawi?
- Taxes on income, profits and capital gains in Malawi was 1.57 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Malawi?
- The highest recorded value was 1.57 trillion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Malawi?
- The lowest recorded value was 51.59 billion current LCU in 2009.
- How does Malawi rank for taxes on income, profits and capital gains?
- Malawi ranks 30th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Malawi?
- Over the last ten years it is up 757.6%. 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 income, profits and capital gains (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
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.