Malawi international reserves
No recent data: not rankedSub-Saharan Africa
Total reserves
$423M
Data for October 2021
1-month change
-21.7%
12-month change
-34.8%
High since 2000
$932M
January 2019
Monthly history (IMF)
$423 million
October 2021+69.2% vs January 2000
Gross reserves in US dollars with gold at market value. Source: IMF, International Liquidity.
Composition
What the central bank holds its reserves in, as of October 2021.
- Foreign exchange$414M · 97.9%
- SDRs$6M · 1.4%
- IMF reserve position$3M · 0.7%
Gold
Malawi does not report gold holdings.
In context
Reserves per person
US$ 19
Reserves as % of GDP (2025)
2.8%
Months of imports covered
1.2
Usual benchmark: under 3 months is considered low.