ing foreign donors that
fiscal discipline is being tightened. In 2005, the anticorruption
campaign championed by President MUTHARIKA may help encourage
investment and economic growth.

GDP (purchasing power parity):
$7.41 billion (2004 est.)

GDP - real growth rate:
4% (2004 est.)

GDP - per capita:
purchasing power parity - $600 (2004 est.)

GDP - composition by sector:
agriculture: 54.8%
industry: 19.2%
services: 26% (2004 est.)

Labor force:
4.5 million (2001 est.)

Labor force - by occupation:
agriculture 90% (2003 est.)

Unemployment rate:
NA (2003 est.)

Population below poverty line:
55% (2004 est.)

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
12% (2004 est.)

Investment (gross fixed):
10.7% of GDP (2004 est.)

Budget:
revenues: $536 million
expenditures: $635.6 million, including capital expenditures of NA
(2004 est.)

Public debt:
228.3% of GDP (2004 est.)

Agriculture - products:
tobacco, sugarcane, cotton, tea, corn, potatoes, cassava (tapioca),
sorghum, pulses; groundnuts, Macadamia nuts; cattle, goats

Industries:
tobacco, tea, sugar, sawmill products, cement, consumer goods

Industrial production growth rate:
1.4% (2004 est.)

Electricity - production:
1.088 billion kWh (2002)

Electricity - production by source:
fossil fuel: 3.3%
hydro: 96.7%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
1.012 billion kWh (2002)

Electricity - exports:
0 kWh (2002)

Electricity - imports:
0 kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
5,400 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Current account balance:
$-55.5 million (2004 est.)

Exports:
$503.4 million f.o.b. (2004 est.)

Exports - commodities:
tobacco 60%, tea, sugar, cotton, coffee, peanuts, wood products,
apparel

Exports - partners:
South Africa 13.5%, US 12%, Germany 11.6%, Egypt 8.4%, UK 6.6%,
Mozambique 4.5% (2004)

Imports:
$521.1 million f.o.b. (2004 est.)

Imports - commodities:
food, petroleum products, semimanufactures, consumer goods,
transportation equipment

Imports - partners:
South Africa 37.3%, India 8.1%, Mozambique 7.7%, Zimbabwe 7.2%,
Tanzania 4.6%, Germany 4.1% (2004)

Reserves of foreign exchange and gold:
$160.5 million (2004 est.)

Debt - e