malawi 2005

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MalawiTRAVEL & TOURISM

SOWING THE SEEDS OF GROWTH

The 2005 Travel & Tourism Economic Research

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World RankingThe Malawi Travel & Tourismeconomy is ranked number:154 in Absolute Sizeworldwide, 135 in RelativeContribution to nationaleconomies; and 99 in Long-term (10-year) Growth. (174countries are estimated byWTTC/OEF)

EMPLOYMENT GROSSDOMESTICPRODUCT

VISITOREXPORTS

PERSONALTRAVEL &TOURISM

CAPITALINVESTMENT

H H H H H2005

GrowthForecast* 9.6% 12.1% 13.9% 7.5% 4.1%

Malawi T&T Economyemployment is estimated at132,861 jobs in 2005, 5.7%of total employment, or 1in every 17.6 jobs. By2015, this should total161,699 jobs, 5.9% of totalemployment or 1 in every17.1 jobs. The 67,232 T&TIndustry jobs account for2.9% of total employmentin 2005 and are forecast tototal 80,771 jobs or 2.9% of the total by 2015.

Malawi's T&T Industry isexpected to contribute3.7% to Gross DomesticProduct (GDP) in 2005(MWK7,952.0 mn orUS$70.7 mn), rising innominal terms toMWK22,708.9 mn orUS$158.6 mn (3.8% of total) by 2015. The T&TEconomy contribution(percent of total) shouldrise from 7.3%(MWK15,507.1 mn orUS$137.9 mn) to 7.5%(MWK44,826.7 mn orUS$313.1 mn) in this same

period.

Malawi Travel & Tourism isexpected to generate 12.5%of total exports(MWK10,257.7 mn orUS$91.2 mn) in 2005,growing (nominal terms) toMWK30,469.7 mn orUS$212.8 mn (11.5% of total) in 2015.

Malawi Personal Travel &Tourism is estimated atMWK6,756.6 mn, US$60.1mn or 3.8% of totalpersonal consumption inyear 2005. By 2015, thisshould reachMWK22,282.3 mn,US$155.6 mn or 4.7% of total consumption. MalawiBusiness Travel is estimatedat MWK7,314.5 mn,US$65.1 mn in year 2005.By 2015, this should reachMWK19,948.6 mn orUS$139.3 mn.

Malawi Travel & TourismCapital Investment isestimated at MWK1,159.3mn, US$10.3 mn or 5.5% of total investment in year2005. By 2015, this shouldreach MWK3,317.8 mn,US$23.2 mn or 5.6% of total.

2005 % of Total Employment 2005 % of Total GDP 2005 % of Total Exports 2005 % of Total PersonalConsumption2005 % of Total Capital

Investment

5.7% 7.3% 12.5% 3.8% 5.5%

2005 WORLD TRAVEL & TOURISM COUNCIL1-2 QUEEN VICTORIA TERRACE, SOVEREIGN COURT, LONDON E1W 3HA, UNITED KINGDOM

TEL: +44 (0) 870 727 9882 or + 44 (0) 207 481 8007 FAX: +44 (0) 870 728 9882 or + 44 (0) 207 488 1008 [email protected] www.wttc.orgUse of Information and Data from this Report is Authorized Provide Souce is Acknowledged.

Malawi

The 2005 Travel & Tourism Economic Research

Malawi Travel & Tourism is expected to generateMWK26,050.4 mn (US$231.7 mn) of economic activity(Total Demand) in 2005, growing (nominal terms) toMWK77,686.5 mn (US$542.6 mn) by 2015. Travel &Tourism Demand is expected to grow by 9.4% in 2005 andby 4.6% per annum, in real terms, between 2006 and 2015.

2005 Total Demand represents 0.0% of world market share.

Travel & Tourism is one of the world's highest priority industries and employers. ThisTourism Satellite Accounting Research quantifies the wide-ranging economic impact andprovides solid, credible and professional statistical information that can assist in informinggovernment policy and business decision processes.

THE WORLD TRAVEL & TOURISM COUNCIL (WTTC) IS THE BUSINESS LEADERS FORUM FOR TRAVEL & TOURISM, WORKING WITHGOVERNMENTS TO RAISE AWARENESS OF THE IMPORTANCE OF THE WORLDS LARGEST GENERATOR OF WEALTH AND JOBS.

2005 World Market Share

Malawi Rest of World

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This 2005 report for Malawi is the fifth set of Tourism Satellite Accounting research that OxfordEconomic Forecasting (OEF) has prepared for WTTC.

The first, commissioned in 2001, re-engineered themodels previously developed during the 1990s. Thesecond, prepared in 2002, served an important role inhelping to quantify the tragic events of September 11,2001 on Travel & Tourism. The third in 2003,significantly upgraded and enhanced the quality,sophistication and precision of the TSA research andpresented a second (worse case) scenario for the IraqWar. The fourth in 2004, increased the worldcoverage by adding 13 countries not previouslyincluded in the TSA research, and presented evengreater analysis of the results in this report.

Based on the UN standard for Satellite Accounting,this new TSA research quantifies all aspects of Travel& Tourism demand, from personal consumption tobusiness purchases, capital investment, governmentspending and exports. It then translates thisinformation into economic concepts of production,such as gross domestic product and employment,which can be compared with other industries and theeconomy as a whole to provide credible statisticalinformation that will assist in policy and businessdecision processes.

The message from this year's reserch is generallypositive on a global basis for a healthy return togrowth. On a more specific basis in 2005, Malawi'sTravel & Tourism Industry is expected to generate3.7% of GDP and 67,232 jobs, while the broader Travel & Tourism Economy is expected to total 7.3%of GDP and 132,861 jobs.

This 2005 research is serving to help us build a crisisforecasting model that will assist the industry,governments and the media understand the possibleimpact of natural disasters like the Indian OceanTsunami, health related events like SARS in 2004,war and conflict events like the 1990 Gulf War or terrorism events like 9/11. The more we understandabout the breadth, longevity and severity of thesevarious events, the better we predict the potential

impact and prepare for recovery.

As always, this 2005 research updates the historicalresults based on the most current data sources,estimates the current performance of Malawi's Travel& Tourism, and provides short- and long-termforecasts based on the most recent national andinternational data sources and econometric modelsdeveloped by Oxford Econometric Forecasting.

Looking ahead, the forecast for Travel & TourismDemand is expected to total 9.4% real growth in2005, and 4.6% real growth per annum between 2006and 2015.

This WTTC research quantifies and documents theTravel & Tourism economics for Malawi, the firststep towards addressing mission-critical issues such astourism management, tourism marketing and

promotion, tourism infrastructure, taxation, aviationpolicy and much more.

We hope that by raising awareness of previousperformance, current conditions and the, as yetunrealized, potential of Travel & Tourism in Malawi,this report will act as a catalyst, encouraging industryand government to continue to work together tocreate the conditions necessary to realize theindustrys true promise.

Jean-Claude Baumgarten Vincent A. WolfingtonPresident, World Travel & Tourism Council Chairman, World Travel & Tourism Council

Chairman Emeritus, Carey International, Inc.

With the Chief Executives of more than one hundred of the worlds leading companies inmembership, WTTC has a unique mandate and overview on all matters related to success in Travel &Tourism.

THE WORLD TRAVEL & TOURISM COUNCIL (WTTC) IS THE BUSINESS LEADERSFORUM FOR TRAVEL & TOURISM, WORKING WITH GOVERNMENTS TO RAISEAWARENESS OF THE IMPORTANCE OF THE WORLDS LARGEST GENERATOR OFWEALTH AND JOBS.

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CONTENTSTRAVEL & TOURISM SOWING THE SEEDS OF GROWTH

WTTC MEMBERSHIP

ONE PAGE SUPER SUMMARY NEWPRESIDENT AND CHAIRMANS MESSAGE

ECONOMIC IMPACT ............................................................................................................................................................... 6

GROWTH ................................................................................................................................................................................................. 7

TRAVEL & TOURISM SATELLITE ACCOUNTTOURISM SATELLITE ACCOUNTING .......................................................................................................................................................... 8

WTTCS APPROACH TO TSA RESEARCH ................................................................................................................................................... 9

TSA CONCEPTS & STRUCTURE IMPROVED ................................................................................................................................ 10-11

T&T DEMAND AND SUPPLY IMPROVED ............................................................................................................................................... 12

TRAVEL & TOURISMS ECONOMIC IMPACT IMPROVED ............................................................................................................... 14

NATIONAL, REGIONAL, AND WORLD SUMMARY TABLES ............................................................................................................... 15

TOTAL DEMAND ......................................................................................................................................................................................... 16-17

EMPLOYMENT ............................................................................................................................................................................................. 18-19

GROSS DOMESTIC PRODUCT ................................................................................................................................................................ 20-21

CAPITAL INVESTMENT ............................................................................................................................................................................. 22-23

PERSONAL & BUSINESS ............................................................................................................................................................................ 24-25

EXPORTS ....................................................................................................................................................................................................... 26-27

GOVERNMENT NEW ............................................................................................................................................................................. 28-29RANKING AND RANGE .................................................................................................................................................................................. 30

CONTRIBUTION AND GROWTH ............................................................................................................................................................... 31

SATELLITE ACCOUNT TABLES ............................................................................................................................................................... 32-33

2005/2004 VARIANCE CHARTS ............................................................................................................................................................... 34-35

WORLD AT A GLANCE IMPROVED ................................................................................................................................................... 36-38

OXFORD ECONOMIC FORECASTING ...................................................................................................... 40

ACKNOWLEDGMENTS ...................................................................................................................................................... 41

Use of Material is Authorized, Provided Source is Acknowledged

1-2 Queen Victoria Terrace, Sovereign Court, London E1W 3HA, United Kingdom,

Tel +44-870-727-9882 or +44-207-481-8007, Fax +44-870-728-9882 or +44-207-488-1008, enquires @wttc.org www.wttc.org

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MWK 7,952.0 mn

MWK 15,507.1 mn

MWK 10,257.7 mn MWK 1,159.3 mn

MWK 562.4 mn

6

(US$91.2 mn) of Exports, Services &Merchandise or 12.5% of total Exports.

(US$10.3 mn) of Capital Investment or5.5% of total investment.

(US$5.0 mn) of GovernmentExpenditures or a 1.3% share.

ECONOMIC IMPACT

132,861 jobs representing 5.7% of total

Employment.(US$137.9 mn) of Gross Domestic

Product (GDP) equivalent to 7.3% of total GDP.

IN 2005, MALAWI'S TRAVEL & TOURISM IS EXPECTED TO GENERATE MWK26,050.4MN (US$231.7 MN) OF ECONOMIC ACTIVITY (TOTAL DEMAND). THE INDUSTRY'SDIRECT IMPACT INCLUDES:

jobs representing 2.9% of totalEmployment.

67,232(US$70.7 mn) of Gross Domestic

Product (GDP) equivalent to 3.7% of total GDP.

HOWEVER, SINCE TRAVEL & TOURISM TOUCHES ALL SECTORS OF THEECONOMY, ITS REAL IMPACT IS EVEN GREATER. MALAWI'S TRAVEL &TOURISMECONOMY DIRECTLY AND INDIRECTLY ACCOUNTS FOR:

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10.5%

4.6% 4.2%

1.9% 4.4%

4.2% 4.6%

7

in terms of CAPITAL INVESTMENT,increasing to MWK3,317.8 mn

(US$23.2 mn) in 2015.

in terms of GOVERNMENTEXPENDITURES to MWK1,668.0 mn

(US$11.7 mn) in 2015.

OVER THE NEXT TEN YEARS, MALAWI'S TRAVEL & TOURISM IS EXPECTED TOACHIEVE ANNUALIZED REAL GROWTH (REAL DECLINE) OF:

in total TRAVEL & TOURISMDEMAND to MWK77,686.5 mn

(US$542.6 mn) in 2015.

in total TRAVEL & TOURISM GDP, toMWK22,708.9 mn (US$158.6 mn) in2015 for the industry directly and to

MWK44,826.7 mn (US$313.1 mn) forthe Travel & Tourism Economy

overall.

in TRAVEL & TOURISMEMPLOYMENT, to 80,771 jobs

directly in the industry, and 2.0% to161,699 jobs in the Travel & Tourism

Economy overall in 2015.

in VISITOR EXPORTS, rising toMWK23,101.5 mn (US$161.4 mn) by

2015.

13.0%in TRAVEL & TOURISM INDUSTRYGDP to MWK7,952.0 mn (US$70.7

mn) for the industry directly and 12.1%to MWK15,507.1 mn (US$137.9 mn)for the Travel & Tourism Economy

overall (direct and indirectexpenditures).

in TRAVEL & TOURISM INDUSTRYEMPLOYMENT (direct impact only),to 67,232 jobs, and 9.6% to 132,861

jobs in the Travel & Tourism Economyoverall (direct and indirect).

GROWTHIN 2005 TRAVEL & TOURISM IN MALAWI IS FORECAST TO SEE REAL GROWTH (REALDECLINE) OF 9.4% IN TOTAL TRAVEL & TOURISM DEMAND TO MWK26,050.4 MN(US$231.7 MN) AND

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TRAVEL & TOURISMSATELLITE ACCOUNTTOURISM SATELLITE ACCOUNTING

THIS REPORT FOLLOWS THE CONCEPT OF SATELLITE ACCOUNTINGDEFINED IN THE TOURISM SATELLITE ACCOUNT: RECOMMENDED METHODOLOGICAL FRAMEWORK (TSA:RMF) , AND DEVELOPED UNDER THEAUSPICES OF THE WORLD TOURISM ORGANIZATION.

Over the last three decades, countries have estimated the economic impact of Travel &Tourism through a range of measures using a variety of definitions and methodologies. Suchapproaches have prevented meaningful comparisons among nations. Even for the same nationover different periods of time, they have frustrated business and government attempts to drawvalid conclusions about the nature and course of Travel & Tourism demand in nationaleconomies. This regime has obscured the substantial, positive role the industry plays innational economies and has thwarted business and government attempts to optimize economicprogrammes and policies.

The World Travel & Tourism Council (WTTC) recognized the dearth of crucial Travel& Tourism intelligence from the time of its establishment in 1990 and it published the firstdetailed estimates of world tourism's economic impact that same year.

Since then WTTC has worked to improve its methodologies and to encourage individualcountries to enhance their measurement and understanding of tourisms impact on their national economies. Furthermore, in the spirit of joining forces to enhance worldcomprehension of the role of Travel & Tourism in national economies, WTTC has stronglysupported the programmes of the World Tourism Organization (WTO) to improve tourism

statistics worldwide.

WTTCS RESEARCHWTTC and its economic consultants/research partners Oxford Economic Forecasting,(OEF), since 1999, and Global Insight (previously known as DRIWEFA), from 1990-1999 have developed and published research on the economic contribution of Travel & Tourism tothe world, regional and national economies.

Starting in 1990,WTTCs research team has been working to develop practical, real-worldmodels to illustrate Travel & Tourisms economic contribution based on the needs of privatesector leaders, public sector policy-makers and industry researchers, and on the interpretationof the system of national accounts. The research is now firmly anchored in the internationalstandard for tourism satellite accounting that was developed by WTO, OECD and Eurostat,and approved by the United Nations Statistical Commission in 2000. It was launched at theTSA Conference held in Vancouver in May 2001 and published as The Tourism Satellite

Account: Recommended Methodological Framework(TSA:RMF) in 2001.Since 1999, WTTC's research has assumed the conceptual framework of the UN-

approved standard with a number of discretionary extensions, and it combines the mostsophisticated economic modelling and forecasts available with the most up-to-date, publiclyavailable data to generate a comprehensive implementation of Travel & Tourism satelliteaccounting.

The 2005 update of the WTTC TSA research is the fifth annual update undertaken for WTTC by OEF. In carrying out the work, OEF has drawn extensively on the methodologydeveloped over the years by WTTC to develop TSAs as operational tools. OEF has also taken

the opportunity in a number of areas to review and enhance the modelling techniques,assumptions used and data sources applied, and this research for 2005 is no exception.

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WTTCS APPROACH TOTSA RESEARCHWTTC HAS ENDEAVOURED TO IMPLEMENT AND PRODUCE THE MOSTCOMPREHENSIVE TSA PROVIDED FOR WITHIN THE TSA:RMF, BYDEVELOPING THE SPECIFIC CONCEPT OF THE TRAVEL & TOURISMINDUSTRY IN ADDITION TO THE BROADER CONCEPT OF THE TRAVEL &TOURISM ECONOMY.

WTTC advocates full implementation of the TSA as defined in the TSA:RMF in order toachieve the highest level of benefits for industry and governments. These include: A wealth of customer and consumer information on tourism-related purchases (before,

during and after trips whether domestic or international, imported or exported as well

as services, durables and non-durables) that has never been identified until now; Comprehensive documentation and analysis of the full tourism-product service chain andgovernments ability to deliver quality and timely service to visitors;

Linkages between Travel & Tourism and other sectors of the economy such as agricultureand manufacturing to illustrate the flow-through of spending;

Complete outlook for public works that benefit visitors and Travel & Tourism companiesin order to leverage public sector plans and priorities for growth;

Focused opportunities for domestic production, as well as incentives from the publicsector, to aid in the growth of businesses that help alleviate trade balance issues;

Demand- and supply-side information on employment that allows for human resourceplanning and development.

WTTC has worked towards developing a comprehensive TSA not because it is eager toexaggerate the size of Travel & Tourisms impact, but because the information that can begarnered from the exercise by governments and industry is crucial for making intelligent andinformed policy and business decisions. WTTC believes that history will document itspioneering implementation of the simulated TSA as one of the most important turning pointsfor Travel & Tourisms long overdue economic recognition.

In the WTTC research, no country receives special treatment or favours. WTTC usesinternationally available data sources and the same scope of tourism satellite accounting for allcountries, as well as the same basic assumptions through the same system of models. WTTCsTSA research utilizes a universal and internally consistent modelling framework and generatesharmonized results and forecasts for more than 174 countries around the world. Details of the

methodology used by WTTC/OEF in its TSA research are available on WTTC's website(www.wttc.org).

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MWK mn

Personal Travel & Tourism 6,756.6

Business Travel 7,314.5

Government Expenditures (Individual) 168.7

Visitor Exports 7,893.8

Travel & Tourism Consumption

Government Expenditures (Collective) 393.7

Capital Investment 1,159.3

Exports (Non-Visitor) 2,363.9

Travel & Tourism Demand 26,050.4The nominal aggregate of tourism activity in the resident economy.

Demand Side Accounts

Formally known as Non-Market Services (Collective), this category includes operating

expenditures made by government agencies on services associated with Travel & Tourism, butnot directly linked to any individual visitor, instead these expenditures are generally made onbehalf of the 'community at large', such as tourism promotion, aviation administration, securityservices and resort area sanitation services, etc.

Formally known as Capital Formation, this category includes capital expenditures by direct Travel& Tourism industry service providers and government agencies to provide facilities, equipmentand infrastructure to visitors.

22,133.6Total Travel & Tourism expenditures made by and on behalf of visitors (goods and services) in the residenteconomy.

Expenditures by international visitors on goods and services within the resident economy.

Consumer goods (such as clothing, electronics or petrol) exported for ultimate sale to visitors,or Capital goods (such as aircraft or cruise ships) exported for use by Travel & Tourism industry

TSA CONCEPTS& STRUCTURE

More formally known as Travel & Tourism Personal Consumption, this category includes allpersonal spending by an economy's residents on Travel & Tourism services (lodging,transportation, entertainment, meals, financial services, etc) and goods (durable and nondurable)used for Travel & Tourism activities. Spending may occur before, during or after a trip. Spendingcovers all Travel & Tourism, outbound and domestic.

Formally know as Intermediate Consumption of Travel & Tourism or more simply businesstravel, this category of expenditures by government and industry includes spending on goods andservices (transportation, accommodation, meals, entertainment, etc) for employee business travelpurposes.

Formally known as Non-Market Services (Individual), this category includes expenditures(transfers or subsidies) made by government agencies to provide Travel & Tourism services suchas cultural (eg. art museums), recreational (eg national park) or clearance (eg immigration/customs) etc to visitors.

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MWK mn

000s of Jobs

Travel & Tourism Industry GDP (Direct) 67.2 7,952.0

Travel & Tourism Industry GDP (Indirect) 4,758.9

Travel & Tourism Industry Imports 9,422.7

Travel & Tourism Industry Supply

000s of Jobs

Travel & Tourism Economy GDP (Direct and Indirect) 132.9 15,507.1

Travel & Tourism Economy Imports 10,543.3

Travel & Tourism Economy Supply

22,133.6Total Travel & Tourism Industry supply.

Direct Gross Domestic Product (also know as Value-Added) and Employment associated with Travel & TourismConsumption. This is the explicitly defined Supply-side industry contribution of Travel & Tourism that can becompared one-for-one with the GDP and Employment contribution of other industries in the economy.Establishments in this category include traditional Travel & Tourism providers such as airlines, hotels, car rentalcompanies, etc.

Indirect Gross Domestic Product associated with Travel & Tourism Consumption. This is the upstream residenteconomy contribution which comes about from suppliers to the traditional Travel & Tourism industry.Establishments in this category include fuel and catering companies, laundry services, accounting firms, etc.

The value of goods imported by direct and indirect Travel & Tourism Industry establishments.

Direct and Indirect Gross Domestic Product (also know as Value-Added) and Employment associated with Travel

& Tourism Demand. This is the broadest measure of Travel & Tourism's contribution to the resident economy.Establishments in this category include those described above as well as manufacturing, construction,government, etc that are associated with Capital Investment, Government Services and Non-Visitor Exports.

Supply Side Accounts

Total Travel & Tourism Economy supply.

The Travel & Tourism Satellite Account is based on a demand-side concept of economic activity, because the industry does notproduce or supply a homogeneous product or service like traditional industries (agriculture, electronics, steel, etc). Instead, Travel &Tourism is an industrial activity defined by the diverse collection of products (durables and non-durables) and services(transportation, accommodation, food and beverage, entertainment, government services, etc) that are delivered to visitors. Thereare two basic aggregates of demand (Travel & Tourism Consumption and Total Demand) and by employing input/output modellingseparately (yellow arrows) to these two aggregates the Satellite Account is able to produce two different and complementaryaggregates of Travel & Tourism Supply: the Travel & Tourism Industry and the Travel & Tourism Economy. The former captures theexplicitly defined production-side industry contribution (ie direct impact only), for comparison with all other industries, while thelatter captures the broader economy-wide impact, direct and indirect, of Travel & Tourism.

The value of goods imported by direct and indirect Travel & Tourism Economy establishments.

26,050.4

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T&T DEMAND AND SUPPLY

The Tourism Satellite Account quantifiesboth sides of Travel & Tourism economicactivity, demand and supply. The pie onthe left shows how Travel & TourismDemand is 'consumed', while the pie on theright shows how Travel & Tourism Supplyis 'produced'. No matter what the natureof an economy's Travel & Tourism activity,T&T Demand always equals T&T Supply.

US$ mn US$ mn

Personal T&T 60.1T&T Industry GDP(Direct) 70.7

Business T&T 65.1T&T Industry GDP(Indirect) 42.3

Gov't Expenditures

(Indiv) 1.5 T&T Industry Imports 83.8Visitor Exports 70.2

T&T Supplier GDP(Direct) 15.6

Gov't Expenditures(Coll) 3.5

T&T Supplier GDP(Indirect) 9.3

Capital Investment 10.3 T&T Supplier Imports 10.0Other Exports 21.0T&T Demand 231.7 < Totel Demand = Total Supply > T&T Supply 231.7

US$ mn US$ mn

Personal T&T 60.1T&T Industry GDP(Direct) 70.7

Business T&T 65.1T&T Industry GDP(Indirect) 42.3

Gov't Expenditures(Indiv) 1.5 T&T Industry Imports 83.8Visitor Exports 70.2T&T Consumption 196.9 T&T Industry Supply 196.9

US$ mn US$ mnT&T Industry GDP(Direct) 70.7

T&T Industry GDP(Direct) 70.7T&T Industry GDP(Indirect) 42.3T&T Supplier GDP(Direct) 15.6T&T Supplier GDP(Indirect) 9.3

12 T&T Economy GDP(Direct and Indirect) 137.9

See labels above (top right) See labels above (top right)

T&T ECONOMY GDP(DIRECT AND INDIRECT)

T&T INDUSTRY GDP(DIRECT IMPACT ONLY)

WTTC often refers to the GDP associatedwith the Travel & Tourism Industrydescribed above (pie on left dark bluesection), in contrast to the Travel &Tourism Economy (pie on right dark bluesections). Although this nomenclature maybe confusing at first, the distinction is fairlystraightforward.

The Travel & Tourism Industry is thenarrow perspective of our activity whichcan be compared with other industries inthe economy.

On the other hand, the Travel & TourismEconomy is a broader perspective of our

activity which takes into consideration thedirect as well as the indirect contributionsby traditional travel service providers andindustry suppliers within the residenteconomy. This perspective is used whenone wants to understand the total impact of Travel & Tourism on the resident

See labels above (top left)

TRAVEL & TOURISMCONSUMPTION

See labels above (top right)

Travel & Tourism Consumption (on the left in darkblue) is the portion of Travel & Tourism Demandnormally identified as 'Visitor Spending.' Thisspending includes Personal T&T (domestic andoutbound travel by residents), Business T&T(domestic and outbound travel by resident businessand government agencies), Gov't ExpendituresIndividual (visitor subsidies by government), and

Visitor Exports (inbound spending by internationalvisitors).

On the supply side, this activity is identified (on theright in dark blue) by the production or value added(also know as Gross Domestic Product) of traditionaltravel service providers (T&T Industry GDP Direct)plus the value added of travel industry suppliers(T&T Industry GDP Indirect) plus the value of T&Tindustry imports from other countries.

When the TSA talks about the GDP of the Travel &Tourism Industry, it is always referring to the firstslice of the pie on the right (T&T Industry GDPDirect). This is the portion of T&T Supply that canbe compared with other industries to assess its actualcontribution.

TRAVEL & TOURISMDEMAND

TRAVEL & TOURISMSUPPLY

TRAVEL & TOURISMINDUSTRY

Personal T&T Business T&TG ov 't E xp en di tu re s ( In di v) Vi si to r E xp or tsG ov 't E xp en di tu re s ( Co ll ) C ap it al I nv es tm en tOther Exports

T&T Industry GDP (Direct ) T&T Industry GDP (Indirect )

T&T Industry Imports T&T Supplier GDP (Direct)

T&T Supplier GDP (Indirect ) T&T Supplier Imports

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Worldwide in 2005, it is expected to post US$6,201,490 mn of economic activity (Total Demand) and this is forecast to grow toUS$10,678,500 mn by 2015.

Travel & Tourism Demand in Sub-Saharan Africa is expected to reachUS$73,618.0 mn in 2005, growing to US$147,150.0 mn in 2015.

In Malawi, in 2005, Travel & Tourism is expected to postMWK26,050.4 mn (US$231.7 mn) of economic activity (TotalDemand), growing to MWK77,686.5 mn (US$542.6 mn) by 2015.

In 2005, the Travel & Tourism Industry should contribute 3.8% toworldwide GDP. The broader Travel & Tourism Economy shouldcontribute 10.6% to world GDP in 2005.

In Sub-Saharan Africa, the Travel & Tourism Industry is expected topost a GDP contribution of 3.3% in 2005, while the Travel & TourismEconomy contribution will be 8.8%.

The Sub-Saharan Africa Travel & Tourism Industry is expected togenerate 3,877,200 jobs in 2005 (2.5% of total employment), whilethe broader Travel & Tourism Economy will account for 10,647,000

jobs (6.8% of total employment).

Malawi T&T Economy employment is estimated at 132,861 jobs in2005, 5.7% of total employment, or 1 in every 17.6 jobs. By 2015,this should total 161,699 jobs, 5.9% of total employment or 1 inevery 17.1 jobs. The 67,232 T&T Industry jobs account for 2.9% of total employment in 2005 and are forecast to total 80,771 jobs or 2.9% of the total by 2015.

Travel & Tourism is a major exporter, with inbound visitorsinjecting foreign exchange directly into the economy. Travel &Tourism exports in Sub-Saharan Africa are expected to represent12.7% of total exports in 2005.

In Malawi, exports make up a very important share of Travel &Tourism's contribution to GDP. Of total Malawi exports, Travel &Tourism is expected to generate 12.5% (MWK10,257.7 mn or US$91.2 mn) in 2005, increasing to MWK30,469.7 mn, or US$212.8 mn (11.5% of total), in 2015.

Malawi's T&T Industry is expected to contribute 3.7% to GrossDomestic Product (GDP) in 2005 (MWK7,952.0 mn or US$70.7 mn),rising in nominal terms to MWK22,708.9 mn or US$158.6 mn (3.8%of total) by 2015. The T&T Economy contribution (percent of total)should rise from 7.3% (MWK15,507.1 mn or US$137.9 mn) to 7.5%(MWK44,826.7 mn or US$313.1 mn) in this same period.

Travel & Tourism is a high-growth activity, which is forecast toincrease its total economic activity by 4.6% per annum worldwide inreal terms over the next ten years.

In Sub-Saharan Africa, Travel & Tourism is expected to post averageannualized gains of 5.8% between 2006 and 2015.

For Malawi, Travel & Tourism activity is expected to grow by 4.6%per annum in real terms between 2006 and 2015.

Travel & Tourism is a catalyst for construction and manufacturing.In 2005, the public and private sectors combined are expected tospend US$918,005.0 bn on new Travel & Tourism capitalinvestment worldwide - 9.4% of total investment - rising toUS$1,673,070.0 bn, or 10.0% of the total, in 2015.

In Sub-Saharan Africa, Travel & Tourism Capital Investment isexpected to total US$12,320.0 mn in 2005, or 11.9% of totalregional capital investment.

Malawi Travel & Tourism Capital Investment is estimated atMWK1,159.3 mn, US$10.3 mn or 5.5% of total investment in year 2005. By 2015, this should reach MWK3,317.8 mn, US$23.2 mn or 5.6% of total.

Travel & Tourism is both a generator and receiver of governmentfunds. Globally, in 2005, Travel & Tourism is expected to garner US$285,287.0 bn of government expenditures, or 3.8% of totalexpenditures. By 2015, government spending on Travel & Tourismshould increase to US$417,368.0 bn - 4.1% of total governmentexpenditure.

Travel & Tourism is human resource intensive, creating quality jobsacross the full employment spectrum. In 2005, one in 12.0 jobs will begenerated by the Travel & Tourism Economy. The Travel & TourismEconomy accounts for 8.3% of global employment. Today there are74.2 million Travel & Tourism Industry jobs and 221.6 million jobs inthe Travel & Tourism Economy, and these will rise to 85.5 millionTravel & Tourism Industry jobs and 269.6 million Travel & TourismEconomy jobs by 2015.

Government Travel & Tourism operating expenditures in Malawi in2005 are expected to total MWK562.4 mn (US$5.0 mn) or 1.3% of total government spending. In 2015, this spending is forecast to totalMWK1,668.0 mn (US$11.7 mn), or 1.4% of total governmentspending.

14

TRAVEL & TOURISM'SECONOMIC IMPACT

TRAVEL & TOURISM ENCOMPASSING TRANSPORT, ACCOMMODATION, CATERING,RECREATION AND SERVICES FOR VISITORS IS ONE OF THE WORLDS HIGHESTPRIORITY INDUSTRIES AND EMPLOYERS.

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2005 2015

Malawi MWK mn % of Tot Growth 1 MWK mn % of Tot Growth 2

Personal Travel & Tourism 6,756.6 3.8 7.5 22,282.3 4.7 5.7

Business Travel 7,314.5 --- 9.0 19,948.6 --- 3.7

Government Expenditures 562.4 1.3 4.7 1,668.0 1.4 4.6

Capital Investment 1,159.3 5.5 4.1 3,317.8 5.6 4.2

Visitor Exports 7,893.8 9.6 13.9 23,101.5 8.7 4.4

Other Exports 2,363.9 2.9 5.4 7,368.2 2.8 5.1

Travel & Tourism Demand 26,050.4 --- 9.4 77,686.5 --- 4.6

T&T Industry GDP 7,952.0 3.7 13.0 22,708.9 3.8 4.2

T&T Economy GDP 15,507.1 7.3 12.1 44,826.7 7.5 4.3

T&T Industry Employment 67.2 2.9 10.5 80.8 2.9 1.9

T&T Economy Employment 132.9 5.7 9.6 161.7 5.9 2.0

12005 Real Growth Adjusted for Inflation (%); 22006-2015 Annualized Real Growth Adjusted for Inflation (%); '000 of Jobs

2005 2015

Sub-Saharan Africa US$ mn % of Tot Growth 1 US$ mn % of Tot Growth 2

Personal Travel & Tourism 22,571.0 5.8 7.4 46,001.0 6.5 5.9

Business Travel 10,650.0 --- 8.6 19,056.0 --- 5.0

Government Expenditures 1,557.0 1.5 4.6 2,789.8 1.6 4.3

Capital Investment 12,320.0 11.9 5.8 23,332.0 12.0 6.1

Visitor Exports 16,405.0 7.9 11.0 35,853.0 8.2 6.7

Other Exports 10,116.0 4.9 8.0 20,120.0 4.6 5.0

Travel & Tourism Demand 73,618.0 --- 7.9 147,150.0 --- 5.8

T&T Industry GDP 18,764.0 3.3 9.3 36,423.0 3.6 5.7

T&T Economy GDP 49,584.0 8.8 8.0 95,834.0 9.4 5.7

T&T Industry Employment 3,877.2 2.5 5.9 5,441.4 2.8 3.4

T&T Economy Employment 10,647.0 6.8 4.2 14,222.0 7.2 2.9


2005 2015

World US$ mn % of Tot Growth 1 US$ mn % of Tot Growth 2

Personal Travel & Tourism 2,833,110 10.4 5.1 4,601,960 11.0 3.9

Business Travel 652,898 --- 4.6 962,707 --- 3.1

Government Expenditures 285,287 3.8 2.9 417,368 4.1 2.8

Capital Investment 918,005 9.4 5.3 1,673,070 10.0 4.8

Visitor Exports 818,349 6.5 7.3 1,513,010 5.5 5.7

Other Exports 694,144 5.5 6.3 1,510,470 5.5 7.4

Travel & Tourism Demand 6,201,490 --- 5.4 10,678,500 --- 4.6

T&T Industry GDP 1,712,430 3.8 5.2 2,660,630 3.9 3.5

T&T Economy GDP 4,745,690 10.6 5.1 7,798,680 11.3 4.0

T&T Industry Employment 74,223.0 2.8 2.9 85,520.8 2.8 1.4

T&T Economy Employment 221,568.0 8.3 3.0 269,556.0 8.9 2.0


15

SUB-SAHARAN AFRICA ESTIMATES AND FORECASTS

MALAWI ESTIMATES AND FORECASTS

WORLD ESTIMATES AND FORECASTS

NATIONAL, REGIONAL, ANDWORLD SUMMARY TABLES

TSAConep

P

T A n p

A

t

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TOTAL DEMAND

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* 2005 Regional Market Share is 0.31%

* 2005 World Market Share is 0.00%

32 South Africa 30,331.7 7 Morocco 14.1 26 Namibia 6.443 Egypt 16,032.4 11 Tunisia 12.9 41 Egypt 6.049 Morocco 10,676.2 18 Tanzania 11.5 45 Tunisia 5.868 Tunisia 5,984.9 33 Kenya 9.7 46 Senegal 5.892 Kenya 2,443.2 37 Malawi 9.4 50 South Africa 5.7

102 Tanzania 1,858.4 39 Gambia 9.3 71 Morocco 5.3118 Senegal 1,022.9 52 Egypt 8.6 91 Tanzania 4.8

120 Namibia 1,004.4 61 Namibia 8.2 99 Malawi 4.6154 Malawi 231.7 80 South Africa 7.1 113 Kenya 4.3164 Gambia 132.5 114 Senegal 5.6 139 Gambia 3.4

17

MalawiTotal Demand 2005

Malawi Market Share of Sub-Saharan Africa Total Demand 2005

MalawiTravel & Tourism Total Demand

(1990 Constant US$ mn)

Malawi Market Share of Sub-Saharan Africa Total Demand

MALAWI TRAVEL & TOURISM IS EXPECTED TO GENERATE MWK26,050.4 MN (US$231.7 MN) OFECONOMIC ACTIVITY (TOTAL DEMAND) IN 2005, GROWING (NOMINAL TERMS) TOMWK77,686.5 MN (US$542.6 MN) BY 2015. TRAVEL & TOURISM DEMAND IS EXPECTED TOGROW BY 9.4% IN 2005 AND BY 4.6% PER ANNUM, IN REAL TERMS, BETWEEN 2006 AND 2015.2005 TOTAL DEMAND REPRESENTS 0.0% OF WORLD MARKET SHARE.

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Total Demand

(2005, US$ mn)

MalawiTravel & Tourism Total Demand

(Cumulative Real Growth, %)

Sub-Saharan Africa

Travel & Tourism Total Demand(Cumulative Real Growth, %)

Malawi Market Share of World Total Demand

Malawi Market Share of World Total Demand 2005


(2005 Real Growth, %)


(10-Year Real Growth, Annualized, %)

WorldTravel & Tourism Total Demand


Personal T&T Business T&T Gov't Expenditures

Capital Invest ment Visitor Export s Other Exports

Malawi Rest of Region0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

1988 1992 1996 2000 2004 2008 2012

Malawi Rest of World0.00%

0.00%

0.00%

0.00%

0.00%

0.01%

0.01%

1988 1992 1996 2000 2004 2008 2012

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

2 000 2 00 1 2 00 2 2 00 3 20 04 20 05 -50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

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EMPLOYMENT

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12 Egypt 3,267.9 37 Gambia 18.6 15 South Africa 4.526 Morocco 1,526.2 44 Tunisia 16.5 16 Namibia 4.431 South Africa 1,100.5 48 Morocco 14.7 36 Tanzania 3.644 Tanzania 672.6 58 Egypt 13.0 41 Kenya 3.550 Kenya 548.0 73 Namibia 11.3 43 Senegal 3.551 Tunisia 501.4 85 Kenya 9.9 81 Tunisia 2.595 Senegal 165.2 102 South Africa 8.3 93 Egypt 2.2

106 Malawi 132.9 112 Tanzania 7.7 100 Morocco 2.1109 Gambia 118.6 136 Senegal 6.6 103 Malawi 2.0126 Namibia 64.8 148 Malawi 5.7 137 Gambia 1.4

19

MALAWI T&T ECONOMY EMPLOYMENT IS ESTIMATED AT 132,861 JOBS IN 2005, 5.7% OFTOTAL EMPLOYMENT, OR 1 IN EVERY 17.6 JOBS. BY 2015, THIS SHOULD TOTAL 161,699 JOBS,5.9% OF TOTAL EMPLOYMENT OR 1 IN EVERY 17.1 JOBS. THE 67,232 T&T INDUSTRY JOBSACCOUNT FOR 2.9% OF TOTAL EMPLOYMENT IN 2005 AND ARE FORECAST TO TOTAL 80,771

JOBS OR 2.9% OF THE TOTAL BY 2015.

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Economy Employment

(2005, '000 of Jobs)

MalawiTravel & Tourism Employment(Cumulative Real Growth, %)

Sub-Saharan Africa

Travel & Tourism Economy Employment(Cumulative Real Growth, %)


(2005, % of Total Employment)



WorldTravel & Tourism Economy Employment


WorldTravel & Tourism Employment

(% of Total Employment)

WorldTravel & Tourism Employment

('000s of Jobs)

MalawiTravel & Tourism Employment

('000s of Jobs)

Sub-Saharan Africa

Travel & Tourism Employment('000s of Jobs)

MalawiTravel & Tourism Employment

(% of Total Employment)

Sub-Saharan Africa

Travel & Tourism Employment(% of Total Employment)

Light Blue Line is T&T Industry Jobs; Dark Blue is T&T Economy JobsLight Blue Bar is T&T Industry Jobs; Light/Dark Blue Combination is T&T Economy Jobs

-50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

-50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

2000 2001 2002 2003 2004 2005

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1988 1992 1996 2000 2004 2008 2012

0.0

2,000.0

4,000.0

6,000.0

8,000.0

10,000.0

12,000.0

2000 2001 2002 2003 2004 2005

0.0

50,000.0

100,000.0

150,000.0

200,000.0

250,000.0

2000 2001 2002 2003 2004 2005

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

1988 1992 1996 2000 2004 2008 2012

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

1988 1992 1996 2000 2004 2008 2012

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7/28/2019 Malawi 2005

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31 South Africa 21,582.8 27 Gambia 23.2 20 Namibia 6.240 Egypt 13,061.8 39 Tunisia 17.7 32 South Africa 5.747 Morocco 8,666.9 42 Morocco 17.0 46 Egypt 5.463 Tunisia 4,946.1 48 Egypt 15.4 56 Senegal 5.293 Kenya 1,825.3 71 Kenya 12.2 65 Tunisia 5.0

102 Tanzania 1,180.2 78 Namibia 11.2 73 Morocco 4.8119 Namibia 753.9 94 Tanzania 9.7 89 Tanzania 4.5

121 Senegal 726.5 109 South Africa 9.0 95 Malawi 4.3154 Malawi 137.9 123 Senegal 8.0 115 Kenya 3.9162 Gambia 103.1 135 Malawi 7.3 148 Gambia 2.8

21

Sub-Saharan Africa

Travel & Tourism Gross Domestic Product(1990 Constant US$ mn)

MalawiTravel & Tourism Gross Domestic Product


MalawiTravel & Tourism Gross Domestic Product

(% of Total GDP)

Sub-Saharan Africa

Travel & Tourism Gross Domestic Product(% of Total GDP)

Light Blue Line is T&T Industry GDP; Dark Blue is T&T Economy GDPLight Blue Bar is T&T Industry GDP; Light/Dark Blue Combination is T&T Economy GDP

MALAWI'S T&T INDUSTRY IS EXPECTED TO CONTRIBUTE 3.7% TO GROSS DOMESTICPRODUCT (GDP) IN 2005 (MWK7,952.0 MN OR US$70.7 MN), RISING IN NOMINAL TERMS TOMWK22,708.9 MN OR US$158.6 MN (3.8% OF TOTAL) BY 2015. THE T&T ECONOMYCONTRIBUTION (PERCENT OF TOTAL) SHOULD RISE FROM 7.3% (MWK15,507.1 MN ORUS$137.9 MN) TO 7.5% (MWK44,826.7 MN OR US$313.1 MN) IN THIS SAME PERIOD.

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Economy GDP

(2005, US$ mn)

MalawiTravel & Tourism Economy GDP


Sub-Saharan Africa

Travel & Tourism Economy GDP(Cumulative Real Growth, %)

WorldTravel & Tourism Gross Domestic Product

(% of Total GDP)

WorldTravel & Tourism Gross Domestic Product



(2005, % of Total GDP)



WorldTravel & Tourism Economy GDP


-50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0.0

50.0

100.0

150.0

200.0

250.0

2000 2001 2002 2003 2004 2005

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.08.0

1988 1992 1996 2000 2004 2008 2012

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

2000 2001 2002 2003 2004 2005

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

2000 2001 2002 2003 2004 2005

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

1988 1992 1996 2000 2004 2008 2012

0.0

2.0

4.0

6.0

8.0

10.0

12.0

1988 1992 1996 2000 2004 2008 2012

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7/28/2019 Malawi 2005

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27 South Africa 5,721.7 29 Kenya 23.3 25 Morocco 6.343 Egypt 2,627.4 42 Egypt 17.5 30 Egypt 6.252 Morocco 1,669.8 44 Tunisia 17.0 56 South Africa 4.963 Tunisia 1,181.1 47 Gambia 16.6 61 Tunisia 4.685 Kenya 484.1 61 South Africa 14.1 64 Senegal 4.6

101 Tanzania 302.0 64 Morocco 13.5 79 Malawi 4.2110 Senegal 202.3 67 Tanzania 13.0 80 Kenya 4.2

127 Namibia 117.9 87 Senegal 11.2 91 Gambia 4.0164 Gambia 11.7 129 Namibia 8.1 97 Namibia 4.0167 Malawi 10.3 164 Malawi 5.5 122 Tanzania 3.4

23

MALAWI TRAVEL & TOURISM CAPITAL INVESTMENT IS ESTIMATED AT MWK1,159.3 MN,US$10.3 MN OR 5.5% OF TOTAL INVESTMENT IN YEAR 2005. BY 2015, THIS SHOULD REACHMWK3,317.8 MN, US$23.2 MN OR 5.6% OF TOTAL.

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Capital Investment

(2005, US$ mn)

MalawiTravel & Tourism Capital Investment


Sub-Saharan Africa

Travel & Tourism Capital Investment(Cumulative Real Growth, %)

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Capital Investment(2005, % of Total Capital Investment)

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Capital Investment(10-Year Real Growth, Annualized, %)

WorldTravel & Tourism Capital Investment



(% of Total Capital Investment)



Sub-Saharan Africa

Travel & Tourism Capital Investment(1990 Constant US$ mn)




(% of Total Capital Investment)

Sub-Saharan Africa

Travel & Tourism Capital Investment(% of Total Capital Investment)

-100

-50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

2000 2001 2002 2003 2004 2005

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.010.0

1988 1992 1996 2000 2004 2008 2012

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

2000 2001 2002 2003 2004 2005

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

2 00 0 2 00 1 20 02 200 3 20 04 2 005

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

1988 1992 1996 2000 2004 2008 2012

0.0

2.0

4.0

6.0

8.0

10.0

12.0

1988 1992 1996 2000 2004 2008 2012

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PERSONAL

& BUSINESS

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34 South Africa 9,764.8 96 Morocco 6.6 9 Tunisia 7.648 Egypt 3,792.1 100 Gambia 6.4 12 Egypt 7.461 Morocco 2,175.6 103 South Africa 6.3 38 Senegal 6.276 Tunisia 1,041.8 105 Egypt 6.1 41 Gambia 6.292 Kenya 597.4 113 Tunisia 5.9 58 Namibia 5.796 Tanzania 543.4 116 Tanzania 5.8 59 Malawi 5.7

122 Senegal 230.9 123 Kenya 5.4 62 Morocco 5.6

129 Namibia 200.7 125 Namibia 5.2 69 Tanzania 5.4156 Malawi 60.1 158 Malawi 3.8 95 South Africa 4.8168 Gambia 23.5 162 Senegal 3.4 115 Kenya 4.1

25

MALAWI PERSONAL TRAVEL & TOURISM IS ESTIMATED AT MWK6,756.6 MN, US$60.1 MN OR3.8% OF TOTAL PERSONAL CONSUMPTION IN YEAR 2005. BY 2015, THIS SHOULD REACHMWK22,282.3 MN, US$155.6 MN OR 4.7% OF TOTAL CONSUMPTION. MALAWI BUSINESSTRAVEL IS ESTIMATED AT MWK7,314.5 MN, US$65.1 MN IN YEAR 2005. BY 2015, THIS SHOULDREACH MWK19,948.6 MN OR US$139.3 MN.

WTTC LEAGUE TABLE EXTRACTPersonal Travel & Tourism

(2005, US$ mn)

MalawiPersonal Travel & Tourism


Sub-Saharan Africa

Personal Travel & Tourism(Cumulative Real Growth, %)


(2005, % of Total Personal Consumption)



WorldPersonal Travel & Tourism


WorldPersonal Travel & Tourism

(% of Total Personal Consumption)

WorldPersonal & Business Travel & Tourism


Sub-Saharan Africa

Personal & Business Travel & Tourism(1990 Constant US$ mn)

MalawiPersonal & Business Travel & Tourism


MalawiPersonal Travel & Tourism

(% of Total Personal Consumption)

Sub-Saharan Africa

Personal Travel & Tourism(% of Total Personal Consumption)

Light Blue Bar is Personal Travel & Tourism; Dark Blue Bar is Business Travel

-50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0.0

50.0

100.0

150.0

200.0

250.0

2000 2001 2002 2003 2004 2005

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1988 1992 1996 2000 2004 2008 2012

0.0

5.0

10.0

15.0

20.0

25.0

30.0

2000 2001 2002 2003 2004 2005

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

1999 2000 2001 2002 2003 2004

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1988 1992 1996 2000 2004 2008 2012

0.0

2.0

4.0

6.0

8.0

10.0

12.0

1988 1992 1996 2000 2004 2008 2012

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EXPORTS

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27 South Africa 7,290.2 28 Tanzania 33.0 9 South Africa 8.828 Egypt 6,983.0 31 Gambia 30.6 17 Namibia 8.339 Morocco 5,231.4 35 Egypt 29.2 53 Senegal 6.552 Tunisia 2,517.0 36 Morocco 27.7 90 Tunisia 5.681 Kenya 861.5 48 Kenya 19.8 104 Tanzania 5.387 Tanzania 683.6 51 Namibia 18.9 112 Egypt 5.0

102 Namibia 444.4 53 Tunisia 18.1 115 Kenya 5.0

111 Senegal 354.9 61 Senegal 16.2 126 Morocco 4.6142 Gambia 81.4 82 South Africa 11.0 134 Malawi 4.4146 Malawi 70.2 87 Malawi 9.6 168 Gambia 2.4

27

Sub-Saharan Africa

Travel & Tourism Exports(1990 Constant US$ mn)

MalawiTravel & Tourism Exports(1990 Constant US$ mn)

MalawiTravel & Tourism Exports

(% of Total Exports)

Sub-Saharan Africa

Travel & Tourism Exports(% of Total Exports)

Light Blue Bar is Visitor Exports; Dark Blue Bar is Other Exports Light Blue Line is Visitor Exports; Dark Blue Line is Other Exports

VISITOR EXPORTS PLAY AN IMPORTANT DEVELOPMENT ROLE FOR THE RESIDENT TRAVEL& TOURISM ECONOMY. MALAWI TRAVEL & TOURISM IS EXPECTED TO GENERATE 12.5% OFTOTAL EXPORTS (MWK10,257.7 MN OR US$91.2 MN) IN 2005, GROWING (NOMINAL TERMS)TO MWK30,469.7 MN OR US$212.8 MN (11.5% OF TOTAL) IN 2015.

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Vistor Exports

(2005, US$ mn)

MalawiTravel & Tourism Visitor Exports


Sub-Saharan Africa

Travel & Tourism Visitor Exports(Cumulative Real Growth, %)

WorldTravel & Tourism Exports


WorldTravel & Tourism Exports(1990 Constant US$ mn)


(2005, % of Total Exports)



WorldTravel & Tourism Visitor Exports


-100

-50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

2000 2001 2002 2003 2004 2005

0.0

5.0

10.0

15.0

20.0

25.0

2000 2001 2002 2003 2004 2005

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

2000 2001 2002 2003 2004 2005

0.0

2.0

4.0

6.0

8.0

10.0

12.0

1988 1992 1996 2000 2004 2008 2012

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

1988 1992 1996 2000 2004 2008 2012

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

1988 1992 1996 2000 2004 2008 2012

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GOVERNMENT

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35 Egypt 639.1 29 Gambia 9.3 21 Egypt 5.047 Morocco 371.2 40 Tunisia 7.2 33 Morocco 4.652 Tunisia 308.4 41 Kenya 6.9 34 Malawi 4.661 South Africa 251.4 42 Egypt 6.6 39 Gambia 4.467 Kenya 192.4 52 Tanzania 5.5 40 Tunisia 4.384 Tanzania 105.4 82 Senegal 3.7 60 Namibia 4.099 Namibia 64.6 83 Namibia 3.7 84 Tanzania 3.6

108 Senegal 46.7 86 Morocco 3.6 94 Senegal 3.3162 Malawi 5.0 156 Malawi 1.3 98 Kenya 3.3163 Gambia 4.6 173 South Africa 0.5 133 South Africa 2.3

29

WTTC LEAGUE TABLE EXTRACTTravel & Tourism Government Expenditures

(2005, % of Total Exports)



WorldTravel & Tourism Government Expenditures


GOVERNMENT TRAVEL & TOURISM OPERATING EXPENDITURES IN MALAWI IN 2005 AREEXPECTED TO TOTAL MWK562.4 MN (US$5.0 MN) OR 1.3% OF TOTAL GOVERNMENTSPENDING. IN 2015, THIS SPENDING IS FORECAST TO TOTAL MWK1,668.0 MN (US$11.7 MN),OR 1.4% OF TOTAL GOVERNMENT SPENDING.


(2005, US$ mn)

MalawiTravel & Tourism Government Expenditures


Sub-Saharan Africa

Travel & Tourism Government Expenditures(Cumulative Real Growth, %)





Sub-Saharan Africa

Travel & Tourism Government Expenditures(1990 Constant US$ mn)




(% of Total Government Expenditures)

Sub-Saharan Africa

Travel & Tourism Government Expenditures(% of Total Exports)

Light Blue Bar is Govt Individual; Dark Blue Bar is Govt Collective Light Blue Line is Visitor Exports; Dark Blue Line is Other Exports

-50

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0

50

100

150

200

250

300

1990 1995 2000 2005 2010 2015

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

2000 2001 2002 2003 2004 2005

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

2000 2001 2002 2003 2004 2005

0.0

50.0

100.0

150.0

200.0

250.0

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RANKING AND RANGE

2005 2015

Malawi Absolute Size Relative Size Growth 1 Absolute Size Relative Size Growth 2Personal Travel & Tourism 156 158 59 150 147 59Business Travel 132 --- 95 123 --- 95Government Expenditures 162 156 58 158 156 34Capital Investment 167 164 112 165 164 79Visitor Exports 146 87 37 143 93 134Other Exports 130 71 77 128 71 111Travel & Tourism Demand 154 --- 37 151 --- 99T&T Industry GDP 150 81 28 148 86 95T&T Economy GDP 154 135 20 152 136 95T&T Industry Employment 89 104 36 91 108 109T&T Economy Employment 106 148 27 107 147 103

1

2005 Real Growth Adjusted for Inflation;2

2006-2015 Annualized Real Growth Adjusted for InflationTotal 174 Countries or 13 Regions (Largest/Highest/Best is Number 1; Smallest/Lowest/Worst is Number 174 or 13; 0 is Aggregate Region no Ranking)

30

Year 2005 Country Rankings for Malawi within World Countries List

Year 2005 % of Total Estimates for Malawi within World Countries Range

Ten Year (2006-2015) Growth Estimates for Malawi Within World Countries Range

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CONTRIBUTION AND GROWTH

Travel & Tourism Industry GDP Contribution and Growth - All Countries

Travel & Tourism Industry Employment Contribution and Growth - All Countries

Travel & Tourism Capital Investment Contribution and Growth - All Countries

Malawi Data Point Indicated in Yellow and Red31

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2000 2001 2002 2003 2004E 2005E 2015PTravel & Tourism - MWK mn

Personal Travel & Tourism 4,374.80 5,290.50 8,343.02 4,924.64 5,759.58 6,756.61 22,282.30

Business Travel & Tourism 2,471.25 3,739.56 4,609.39 5,141.29 6,148.32 7,314.47 19,948.60

Corporate 2,141.26 3,202.01 3,946.39 4,320.60 5,169.11 6,153.18 16,810.70

Government 329.99 537.55 663.00 820.69 979.21 1,161.29 3,137.91

Gov't Expenditures - Individual 67.73 84.46 102.07 130.71 149.81 168.71 495.90

Visitor Exports 1,857.77 3,082.81 3,443.25 4,717.02 6,351.94 7,893.80 23,101.50

Travel & Tourism Consumption 8,771.55 12,197.30 16,497.70 14,913.70 18,409.70 22,133.60 65,828.40

Gov't Expenditures - Collective 147.77 199.64 238.16 301.65 342.43 393.67 1,172.13

Capital Investment 610.56 776.84 673.16 889.66 1,020.99 1,159.28 3,317.82

Exports (Non-Visitor) 920.37 1,172.41 1,048.00 1,653.44 2,055.72 2,363.86 7,368.24

Travel & Tourism Demand 10,450.30 14,346.20 18,457.10 17,758.40 21,828.80 26,050.40 77,686.50

Travel & Tourism Industry Aggregates (Direct Impact Only)

Employment ('000) 39.23 55.56 57.76 53.64 60.82 67.23 80.77

Gross Domestic Product 2,442.26 4,063.02 4,951.16 5,102.51 6,452.21 7,951.96 22,708.90

Travel & Tourism Economy Aggregates (Direct and Indirect Impacts)Employment ('000) 82.84 112.93 111.74 107.71 121.18 132.86 161.70

Gross Domestic Product 5,069.86 8,135.62 9,462.82 10,101.10 12,679.10 15,507.10 44,826.70

Travel & Tourism Accounts as % of National Accounts

Personal Travel & Tourism 5.00 4.72 6.53 3.52 3.65 3.81 4.74

Gov't Expenditures 1.27 1.28 1.28 1.28 1.29 1.29 1.37

Capital Investment 4.79 5.63 4.85 5.43 5.48 5.48 5.57

Exports 10.18 11.91 11.83 11.31 11.91 12.50 11.51

T&T Imports 14.36 13.37 14.75 9.68 9.72 9.96 10.98


Employment 1.86 2.58 2.62 2.39 2.66 2.88 2.93

Gross Domestic Product 2.40 3.33 3.40 3.09 3.44 3.73 3.79

Travel & Tourism Economy Aggregates (Direct and Indirect Impacts)

Employment 3.92 5.24 5.08 4.80 5.29 5.70 5.86


Travel & Tourism Real Growth (per annum except 2015 = 10-year annualized)

Personal Travel & Tourism 6.92 -3.41 34.21 -44.78 5.37 7.53 5.67

Business Travel & Tourism 26.62 20.86 4.90 4.35 7.74 9.05 3.68

Gov't Expenditures 38.63 5.29 1.92 18.88 2.57 4.72 4.55

Capital Investment -0.47 1.62 -26.25 23.64 3.39 4.08 4.18

Visitor Exports 37.70 32.54 -4.94 28.16 21.32 13.91 4.42

Other Exports 6.29 1.74 -23.93 47.60 12.01 5.40 5.08

Travel & Tourism Consumption 17.90 11.06 15.11 -15.43 11.21 10.20 5.11

Travel & Tourism Demand 15.76 9.64 9.49 -9.99 10.74 9.39 4.61

32

SATELLITE ACCOUNT TABLES

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2000 2001 2002 2003 2004E 2005E 2015P


Gross Domestic Product 33.72 32.87 3.71 -3.59 13.92 12.97 4.16

Employment 35.03 41.62 3.95 -7.13 13.38 10.54 1.85

Travel & Tourism Economy Aggregates (Direct and Indirect Impact)

Gross Domestic Product 28.81 28.17 -1.01 -0.14 13.08 12.11 4.29

Employment 29.81 36.32 -1.06 -3.61 12.51 9.64 1.99

Travel & Tourism - US$ mn

Personal Travel & Tourism 73.47 73.28 108.79 50.54 53.24 60.10 155.64

Business Travel & Tourism 41.50 51.80 60.11 52.77 56.83 65.06 139.34

Corporate 35.96 44.35 51.46 44.34 47.78 54.73 117.42

Government 5.54 7.45 8.65 8.42 9.05 10.33 21.92


Visitor Exports 31.20 42.70 44.90 48.41 58.71 70.22 161.36

Travel & Tourism Consumption 147.31 168.95 215.13 153.07 170.16 196.88 459.79

Gov't Expenditures - Collective 2.48 2.77 3.11 3.10 3.17 3.50 8.19


Exports (Non-Visitor) 15.46 16.24 13.67 16.97 19.00 21.03 51.47

Travel & Tourism Demand 175.51 198.71 240.68 182.26 201.76 231.72 542.62


Employment ('000) 39.23 55.56 57.76 53.64 60.82 67.23 80.77


Travel & Tourism Economy Aggregates (Direct and Indirect Impacts)

Employment ('000) 82.84 112.93 111.74 107.71 121.18 132.86 161.70


Travel & Tourism - 1990 Constant US$ million

Personal Travel & Tourism 113.50 109.63 147.13 81.25 85.61 92.05 159.79Business Travel & Tourism 64.12 77.49 81.29 84.82 91.39 99.65 143.05


Visitor Exports 48.20 63.88 60.72 77.82 94.41 107.55 165.66

Travel & Tourism Consumption 227.58 252.75 290.95 246.05 273.63 301.55 472.05

Gov't Expenditures - Collective 3.83 4.14 4.20 4.98 5.09 5.36 8.41


Exports (Non-Visitor) 23.88 24.29 18.48 27.28 30.56 32.21 52.84

Travel & Tourism Demand 271.13 297.28 325.50 292.99 324.46 354.91 557.08

Gross Domestic Product

Travel & Tourism Industry 63.36 84.19 87.32 84.18 95.90 108.34 162.84

Travel & Tourism Economy 131.54 168.59 166.88 166.65 188.46 211.27 321.45

33

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2005/2004 VARIANCE CHARTS

Personal Travel & Tourism1990 Constant US$ mn

Personal Travel & Tourism% of Total Consumption

Business Travel & Tourism1990 Constant US$ mn

Travel & Tourism Govt Expenditures1990 Constant US$ mn

Travel & Tourism Govt Expenditures% of Total Govt Expenditures

Travel & Tourism Visitor Exports

1990 Constant US mn

Travel & Tourism Exports

% of Total Ex orts

Travel & Tourism Consumption

1990 Constant US mn

Travel & Tourism Capital Investment1990 Constant US mn

Travel & Tourism Capital Investment% of Total Ca ital Investment

Travel & Tourism Demand1990 Constant US mn

OEF's Year 2005 Estimates OEF's Year 2004 EstimatesSolid Dark Blue Dashed Light Blue

34

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Travel & Tourism Industry GDP1990 Constant US$ mn

Travel & Tourism Industry GDP% of Total GDP

Travel & Tourism Economy GDP1990 Constant US$ mn

Travel & Tourism Economy GDP% of Total GDP

Travel & Tourism Industry Empl.'000 of Jobs

Travel & Tourism Industry Empl.% of Total Employment

Travel & Tourism Economy Empl.'000 of Jobs

Travel & Tourism Economy Empl.% of Total Employment

MalawiNotes for 2005

New balance of payments data shows significantchanges to resident spending abroad.Merchandise trade data has also been revised.

OEF's Year 2004 Estimates OEF's Year 2003 EstimatesSolid Dark Blue Dashed Light Blue

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The WTTC 2005 Simulated

Tourism Satellite Accounts

This years TSA research continues ourpractice of incremental enhancement.

In 2003, a number of methodologicalenhancements were made to improve thecalculations of various concepts of themodels, while in 2004 the focus was onextending the country coverage to include13 new economies.

This year the research enhancement hasbeen focused on improving themacroeconomic data and forecasts for thenon-OECD countries. These countriestypically have less so phisticated datasources and reporting mechanisms, sogreater time and effort was taken todiscover new data sources and to validateold da ta sources so the TSA estimatescould better reflect reality in t heseeconomies.

As always we have updated data with thelatest figures available from the originalsources and on taking account of moretimely indicators of Travel and Tourismwhere available. In some cases changes arealso apparent as a result of further work onthe macroeconomic data and forecasts, aspart of OEFs ongoing monitoring of thestate of economies around the world.

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WORLD AT A GLANCEData Source Confidence and Forecast Margin of Error 2005 Personal T&T (% Total Consumption)

2005 T&T Demand (US$ mn) 2005 T&T Visitor Exports (% Real Growth)2005 T&T Demand (% Real Growth) 2005 T&T Visi tor Exports (% Total Exports)

2005 T&T Demand Market Share (% of Total World Demand) 2005 T&T Govt Expd. (% Total Govt)2005 T&T Industry GDP (% of Total GDP)

2005 T&T Economy GDP (% of Total GDP)2005 T&T Industry Jobs ('000)

2005 T&T Industry Jobs (% of Total Employment)2005 T&T Economy Jobs ('000)

2005 T&T Economy Jobs (% of Total Employment)2005 T&T Capital Investment (% of Total Investme

2005 T&T Capital Investment (% Real Grow

WORLD 6,201,490 5.4 100.0 3.8 10.6 74,223 3 221,568 8.3 9.4 5.3 6.5 7.3 10.4 3.8

Caribbean 45,535 3.3 0.7 4.7 15.4 781 5 2,380 15.1 20.7 7.5 17.3 2.2 6.4 8.7Anguilla Moderate 111 7.8 0.0 24.6 71.4 2 29 5 77.3 54.4 2.9 79.2 10.1 10.9 13.5Antigua and Barbuda Moderate 837 9.0 0.0 25.0 86.0 11 35 29 95.0 51.8 3.8 71.9 13.5 22.5 27.8Aruba Low 2,072 5.8 0.0 21.3 70.9 18 30 51 85.8 76.4 3.6 30.1 7.1 22.5 16.3Bahamas Low 3,883 11.0 0.1 18.4 54.7 43 26 116 68.7 66.1 17.8 69.2 11.4 23.2 13.8Barbados Moderate 1,686 10.7 0.0 16.1 48.0 27 20 74 55.3 62.9 4.5 56.6 15.2 11.5 15.6Bermuda Low 991 6.8 0.0 6.0 20.4 3 8 9 24.5 45.8 2.4 22.9 10.9 7.5 17.6British Virgin Islands Low 459 10.7 0.0 38.0 95.2 3 38 8 94.1 51.1 -1.3 65.6 13.6 54.3 26.7Cayman Islands Low 671 -1.6 0.0 9.4 29.9 3 13 9 36.8 58.8 13.1 38.7 -8.5 5.9 27.7Cuba Low 4,921 4.9 0.1 4.1 13.2 158 4 497 11.3 16.5 1.5 40.4 8.5 4.8 5.7Curaao Low 843 7.3 0.0 2.1 6.5 2 3 4 8.0 17.6 1.8 10.1 10.7 14.5 4.8Dominica Moderate 99 9.8 0.0 9.6 26.0 3 9 9 23.8 15.8 4.5 36.4 13.8 11.6 6.1

Dominican Republic Moderate 7,026 -14.4 0.1 7.5 22.9 233 7 696 19.8 24.7 3.5 36.6 -22.5 4.7 20.9Grenada Moderate 154 8.6 0.0 5.0 24.3 2 5 9 22.0 24.2 56.9 21.7 -22.0 11.8 11.9Guadeloupe Low 1,046 3.1 0.0 8.4 27.3 25 8 78 25.5 21.0 -0.9 19.1 7.1 7.0 20.5Haiti Low 375 1.2 0.0 2.2 6.0 58 2 159 4.7 4.7 12.9 10.5 -0.7 3.8 3.0

Jamaica Moderate 3,914 10.0 0.1 10.8 36.2 121 10 394 31.9 33.7 17.7 44.7 10.1 7.6 16.7Martinique Low 1,407 1.4 0.0 2.0 8.9 6 3 24 9.3 17.6 4.3 12.2 4.2 5.1 7.7Puerto Rico Moderate 9,802 4.8 0.2 1.6 5.8 24 2 81 6.0 8.0 6.7 5.0 6.4 5.2 4.1Saint Kitts and Nevis Moderate 172 9.3 0.0 7.8 28.6 2 9 6 29.1 25.2 6.2 38.5 14.0 10.9 14.2Saint Lucia Moderate 493 9.2 0.0 15.0 42.8 11 16 30 43.2 40.2 6.9 77.4 11.0 12.3 16.9St Vincent and the Grenadine Moderate 194 6.5 0.0 10.3 31.8 4 10 13 28.6 28.3 1.5 48.1 9.5 9.2 11.9Trinidad and Tobago Moderate 2,042 5.9 0.0 2.4 10.7 15 3 59 10.4 17.1 4.3 7.1 7.2 7.1 4.1Virgin Islands Low 2,338 7.9 0.0 9.8 33.7 6 14 18 40.3 58.0 3.2 38.0 12.5 9.9 19.6

Central and Eastern Europe 234,750 3.6 3.8 2.2 9.6 2,846 2 12,272 8.3 11.8 9.1 6.9 0.8 7.8 3.0Albania Low 1,898 15.9 0.0 4.7 14.1 55 4 165 11.4 7.0 13.9 41.0 19.9 10.9 3 .8Belarus Low 2,994 8.6 0.0 1.9 8.2 79 2 344 6.7 6.8 9.6 3.5 9.8 8.6 1.0Bosnia and Herzegovina Moderate 642 0.7 0.0 1.3 5.8 12 1 55 4.7 7.8 5.8 2.2 0.4 4.3 1.1Bulgaria Moderate 6,862 7.3 0.1 4.6 15.6 139 4 474 13.3 13.7 11.2 17.5 4.0 10.8 3.2Croatia High 11,106 4.9 0.2 9.0 19.6 117 10 256 22.9 10.2 3.4 29.3 6.2 12.2 1.4Macedonia Moderate 602 1.6 0.0 1.7 6.9 11 2 43 6.4 9.6 7.4 4.8 2.3 4.4 1.3Montenegro Moderate 427 8.5 0.0 8.5 14.8 13 9 23 15.8 16.2 -10.3 35.3 13.6 6.0 2.8Romania Moderate 8,218 5.8 0.1 1.3 5.8 115 1 492 4.9 8.0 10.2 3.4 -8.9 4.3 3.4Russian Federation High 87,066 3.3 1.4 1.6 9.0 979 1 5,250 7.7 15.8 11.1 4.0 -1.5 9.1 2.7Ukraine Moderate 14,178 3.6 0.2 3.2 12.8 566 3 2,316 10.3 18.2 1.5 12.8 3.5 9.5 5.0Yugoslavia Moderate 1,664 9.7 0.0 1.2 4.8 43 1 160 4.3 8.3 13.3 1.3 17.4 4.1 0.8

European Union 2,271,900 4.1 36.6 4.2 11.5 8,926 4 24,301 12.1 8.8 3.4 7.2 6.0 12.2 3.2Austria High 78,651 4.4 1.3 6.1 16.7 284 7 764 18.6 13.5 2.4 13.9 8.5 16.8 4.8Belgium High 76,124 2.8 1.2 3.6 10.5 165 4 469 11.2 6.4 -4.6 3.1 4.8 14.0 3.2Cyprus* Moderate 5,120 3.5 0.1 10.4 22.7 54 15 108 28.9 21.4 4.7 43.9 1.5 8.3 9.2Czech Republic* High 24,668 1.8 0.4 2.5 13.8 124 3 611 12.9 11.5 8.6 6.4 1.6 7.7 3.7Denmark High 38,417 4.8 0.6 3.5 9.4 92 3 254 9.3 10.1 0.8 6.3 9.2 11.3 2.5Estonia* Moderate 3,337 1.7 0.1 4.9 20.3 30 4 122 17.7 21.3 -7.0 12.9 2.9 10.1 8.1Finland High 28,023 6.0 0.5 3.7 10.4 89 4 261 10.9 12.1 8.7 4.9 8.4 11.4 3.1France High 365,350 3.7 5.9 4.9 12.5 1,528 6 3,671 15.1 7.4 2.8 10.1 3.0 12.7 3.2Germany High 439,766 3.5 7.1 2.8 9.6 1,172 3 3,959 10.3 6.1 -0.3 3.7 5.1 11.4 2.2Greece High 38,858 11.6 0.6 7.2 16.2 324 8 750 18.2 10.7 1.7 37.0 23.3 9.3 3.7

Hungary* High 15,261 3.1 0.2 4.2 9.3 214 5 345 8.9 7.4 7.2 7.1 2.8 7.2 5.2Ireland High 31,765 7.0 0.5 2.8 9.3 54 3 161 8.5 16.1 11.0 4.0 6.2 8.6 3.6Italy High 272,851 3.4 4.4 4.9 11.4 1,159 5 2,749 12.2 7.9 2.8 9.5 7.8 11.3 3.5Latvia* Moderate 1,805 4.9 0.0 1.3 6.2 14 1 63 5.3 9.7 -6.6 5.8 1.2 6.9 3.0Lithuania* Moderate 3,985 6.5 0.1 1.6 8.5 23 1 118 7.2 10.1 -5.1 7.0 1.8 7.6 3.0Luxembourg Moderate 7,603 6.3 0.1 3.4 10.5 7 4 23 12.4 6.4 14.1 2.8 9.1 18.6 2.5Malta* Moderate 2,152 4.4 0.0 14.7 28.4 30 21 51 35.0 33.1 3.7 20.7 5.2 7.1 11.3Netherlands High 96,200 3.2 1.6 3.6 9.5 258 4 655 9.2 6.6 0.4 4.7 7.5 12.3 2.2Poland* High 34,461 -0.5 0.6 1.6 7.6 239 2 1,035 7.1 8.1 4.9 7.0 -8.3 6.0 2.7Portugal High 42,709 5.1 0.7 7.2 17.3 425 8 1,036 20.2 10.8 2.9 15.5 9.4 13.3 6.5Slovakia* High 9,195 7.0 0.1 1.9 12.4 48 2 288 11.0 11.9 8.5 3.2 5.7 7.4 2.1Slovenia* High 6,810 5.2 0.1 2.9 12.4 37 4 135 14.4 10.5 6.7 8.4 -0.2 9.7 4.2Spain High 245,554 4.0 4.0 7.3 18.9 1,379 8 3,492 20.3 14.5 6.6 15.7 -0.5 15.0 6.4Sweden High 49,789 6.8 0.8 2.7 8.1 101 2 323 7.6 7.1 10.5 4.7 10.4 10.3 2.2United Kingdom High 353,440 5.1 5.7 3.9 10.1 1,076 4 2,857 9.3 8.5 4.1 6.7 10.6 13.5 2.9

High High confidence in data sources.Moderate Countries with moderate confid

malawi 2005

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