Ethiopia vs Malawi

Ethiopia vs Malawi: Government debt

Government debt: 33.5% of GDP in Ethiopia in 2024 and 96.6% of GDP in Malawi in 2025, by IMF estimates. In 2024 the value was higher in Malawi, by 53.1 percentage points, or 2.59 times that in Ethiopia.

% of GDP · IMF

Ethiopia vs Malawi: Government debtGovernment debt: 33.5% of GDP in Ethiopia in 2024 and 96.6% of GDP in Malawi in 2025, by IMF estimates. In 2024 the value was higher in Malawi, by 53.1 percentage points, or 2.59 times that in Ethiopia.
EthiopiaMalawiIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Malawi has been higher since 2020, when it overtook Ethiopia.
  • The IMF projection (World Economic Outlook, October 2026) puts Ethiopia at 27.5% of GDP and Malawi at 67.5% of GDP in 2031.

Every year

% of GDP · IMF

YearEthiopiaMalawi
202543.396.6
202433.586.6
202338.784.5
20224775.7
202153.866.6
202053.353.9
201954.741.2
201858.540.8
201755.340
201651.837.1
201550.735.5
201444.233.5
201344.135.4
201239.428.6
201144.620
201039.419.3
20093023.5
200856.123.5
200755.719
200679.617.9
200578.270.9
2004103.174.7
2003103.784.7
2002107.4101.5
200197.3–
200093.6–
199997.8–
199889.3–
199780.3–
1996132.8–
1995146.6–
1994155.2–
1993141–
199287.9–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearEthiopiaMalawi
202640.778
20273775
202834.271.8
202931.869.6
203029.768.3
203127.567.5

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Ethiopia vs Malawi

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