HOFINET | Housing Finance Information Network

Macro-economic Data

PDF featuring variable definitions

A. Demography and Macroeconomy

A.1 Population

Variable	End of 2015	End of 2014	End of 2013	Sources	Var ID
Total population	17.22 million	16.83 million	16.36 million	WDI	A.1.1
Total number of households		3.44 million	3.33 million	Office of Statistics - Malawi	A.1.2
Average household size		4.60	4.60	Office of Statistics - Malawi	A.1.3
Urban population (% of total)	16.27% of total	16.1% of total	15.94% of total	WDI	A.1.4
Urban population growth (annual %)	4.12%	3.8%	3.75%	WDI	A.1.5

A.2 Economy

Variable	End of 2015	End of 2014	End of 2013	Sources	Var ID
GDP, current prices (U.S. dollars)	6,416 USD (millions)	6,055 USD (millions)	5,432 USD (millions)	WEO	A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)	20,359 USD (millions)	19,580 USD (millions)	18,224 USD (millions)	WEO	A.2.2
GDP per capita, current prices (U.S. dollars)	354.28 USD	343.98 USD	317.47 USD	WEO	A.2.3
GDP based on PPP per capita GDP (Current international dollar)	1,124.16 USD	1,112.25 USD	1,065.08 USD	WEO	A.2.4
GDP, constant prices (Percent change)	2.95%	5.7%	5.2%	WEO	A.2.5
Inflation, end of period consumer prices (Percent change)	24.86%	24.15%	23.5%	WEO	A.2.6
GDP, deflator (Index)	250.26	206.54	170.86	450.22 WEO	A.2.7
Consumer price index	250.62	205.65	166.12	WDI	A.2.8
GINI Index			46.18	WDI	A.2.9
Median national annual household income			2,377.29 USD	Office of Statistics - Malawi	A.2.10
Median urban annual household income			3,700.61 USD/year	Office of Statistics - Malawi	A.2.11
Urban minimum wages per month in USD	28.44 USD	33.72 USD	22.62 USD	Ministry of Labor	A.2.12
Growth in urban household income (%/year)					A.2.13
Nominal		Not available	Not available	2015 Housing Finance in Africa Yearbook, Malawi country page	A.2.13.1
Real		Not available	Not available	2015 Housing Finance in Africa Yearbook, Malawi country page	A.2.13.2
Employment (% of total laborforce)					A.2.14
Self-employed			54.7%	Malawi Labour Force Survey 2013	A.2.14.1
Informally employed			88.7%	Malawi Labour Force Survey 2013	A.2.14.2
Unemployed			7.6%	WDI	A.2.14.3
Interest Rates:					A.2.15
Central bank lending/discount rate	27%	25%	25%	IFS	A.2.15.1
Yield on 3 months treasury bills	23.9%	20.66%	29.56%	IFS	A.2.15.2
Average bank deposit rate	11.59%	13.17%	18.41%	2.10 IFS	A.2.15.4
Lending rate	44.39%	44.29%	46.01%	2.10 IFS	A.2.15.5

B. Housing Market

B.1 Housing Stock: Production, Transactions

Variable	End of 2015	End of 2014	End of 2013	Sources	Var ID
Number of dwelling units:					B.1.1
Characteristics of housing stock:					B.1.3
Tenure in urban areas (%):					B.1.4
Estimated Number of units completed/year					B.1.5

B.2 Housing Prices and Cost for Urban Areas or Capital City

Variable	End of 2015	End of 2014	End of 2013	Sources	Var ID
Median urban house price in USD:					B.2.1
Median house price to median annual HH income:					B.2.2
Annual average % change in median house prices:					B.2.3
M2 construction cost for median quality house					B.2.4