Net Foreign Assets (Local Currency) fell 108% to MWK -1,221 bil in Malawi in 2023

Net Foreign Assets (Local Currency) (MWK bil), 2023
Banking | Malawi | September 1, 2025
$2.99
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Net foreign assets fell 108% to MWK -1,221 bil in Malawi in 2023, according to the National Central Bank.

Historically, net foreign assets in Malawi reached an all time high of MWK 433 bil in 2017 and an all time low of MWK -1,221 bil in 2023. When compared to Malawi's main peers, net foreign assets in Mozambique amounted to MZN 217 bil, ZAR 1,436 bil in South Africa, TNS 8,720 bil in Tanzania and ZMW 56.5 bil in Zambia in 2023.

Malawi has been ranked 139th within the group of 141 countries we follow in terms of net foreign assets, 50 places below the position seen 10 years ago.

Net Foreign Assets (Local Currency) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Angola AOA bil 4,218 7,030 7,311 5,913 6,105
Botswana BWP bil 80.1 73.7 63.0 65.2 65.8
Congo (DRC) CDF bil 3,439 5,052 9,315 15,432 13,856 ...
Kenya KES bil 711 801 742 589 285 ...
Lesotho LSL bil 14.3 14.3 17.3 17.6 15.9
Malawi MWK bil 152 163 -348 -423 -588 ...
Mozambique MZN bil 196 246 313 242 203
Namibia NAD bil 38.3 38.2 42.0 46.4 52.2
South Africa ZAR bil 796 876 1,193 1,336 1,328
Swaziland SZL bil 7.13 6.75 7.89 7.35 5.79
Tanzania TNS bil 10,635 12,041 10,699 12,707 7,846
Uganda UGX bil 13,940 14,076 16,006 15,578 11,354
Zambia ZMW bil 24.8 24.2 39.0 37.6 50.6
Zimbabwe ZWD bil ... ... ... < -0.001 -0.016 -0.134 0.028 0.191 ...