Malawi's net domestic credit (current LCU) was 7.84 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 1,916% from 389.16 billion in 2014 (35.03% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.84 trillion | 2024 |
| Five years earlier | 1.65 trillion | 2019 |
| Ten years earlier | 389.16 billion | 2014 |
| Highest | 7.84 trillion | 2024 |
| Lowest | 11.27 million | 1965 |
| Average since 2015 | 2.82 trillion | 2015–2024 |
| First recorded | 11.27 million |
What the numbers say
In 2024, Malawi's net domestic credit (current LCU) rose 40.5% on 2023 (from 5.58 trillion to 7.84 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +33.7% and a typical year strayed about 35.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 176.2% in 2008 and the biggest yearly fall was 16% in 1988. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 686.29 billion a year. A straight line explains 81% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Malawi had the 10th highest value of the 40 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Malawi in the 2024 ranking
- Madagascar — 6th of 40: 17.77 trillion
- Somalia, Fed. Rep. — 7th of 40: 16.43 trillion
- Sweden — 8th of 40: 10.22 trillion
- Czechia — 10th of 40: 5.5 trillion
- Denmark — 11th of 40: 5.2 trillion
- France — 12th of 40: 5.04 trillion
What this measures
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. 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.
All 60 values
| Year | Net domestic credit (current LCU) |
|---|---|
| 2024 | 7,844,557,112,044 |
| 2023 | 5,583,962,536,928 |
| 2022 | 3,867,611,764,129 |
| 2021 | 2,717,049,305,459 |
| 2020 | 2,032,907,111,950 |
| 2019 | 1,646,736,177,221 |
| 2018 | 1,505,378,805,061 |
| 2017 | 1,244,538,694,263 |
| 2016 | 1,000,298,449,532 |
| 2015 | 731,658,234,148 |
Net domestic credit (current LCU) in nearby economies
- Angola — 17.9 trillion (2025)
- Benin — 3.35 trillion (2025)
- Botswana — 119.01 billion (2025)
- Burkina Faso — 5.09 trillion (2025)
- Burundi — 2.81 trillion (2019)
- Cabo Verde — 195.38 billion (2025)
- Cameroon — 4.4 trillion (2019)
- Central African Republic — 318.11 billion (2016)
- Chad — 1.49 trillion (2016)
- Comoros — 157.23 billion (2024)
- Congo, Dem. Rep.
More financial sector data for Malawi
- DEC alternative conversion factor (LCU per US$) — US$1,751 (2025)
- Official exchange rate (LCU per US$, period average) — US$1,161 (2023)
- Net foreign assets (current LCU) — -1.65 trillion (2024)
- Broad money (current LCU) — 5.34 trillion (2024)
- Claims on central government (annual growth as % of broad money) — 49.15% (2024)
- Claims on private sector (annual growth as % of broad money) — 9.6% (2024)
- Broad money (annual % growth) — 45.13% (2024)
- Broad money to total reserves ratio — 3.46 (2020)
- Consumer price index (2010 = 100) — 1,313 (2025)
- Lending interest rate (%)
Reading data like this
Questions people ask
- What is Malawi's net domestic credit (current LCU)?
- 7.84 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1965?
- It is up 69.61 million% from 11.27 million in 1965 (25.61% a year on average, compounded). The highest value was 7.84 trillion in 2024 and the lowest 11.27 million in 1965.
- How does Malawi rank?
- 10th highest of 40 economies with data for 2024.
- Is the latest change in net domestic credit (current LCU) unusual for Malawi?
- In 2024, Malawi's net domestic credit (current LCU) rose 40.5% on 2023 (from 5.58 trillion to 7.84 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +33.7% and a typical year strayed about 35.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FM.AST.DOMS.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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