Malawi, with a population of about 21 million and a GDP of approximately $8 billion in 2023, is an agrarian economy with a focus on agriculture and services.
The per capita income is around $400. Key exports include tobacco, tea, and sugar. Malawi is working to diversify its economy by investing in infrastructure, mining, and renewable energy.
Opportunities for foreign direct investment (FDI) are present in these sectors, with ongoing efforts to improve the business climate and support economic growth.