According to a press statement issued by Malawi Confederation of Chambers of Commerce and Industry (MCCCI), there is a census that will measure the full value added (GDP) of the Malawian economy, provide data which will enable NSO compile a full set of national accounts and measure the true extent of investment in Malawi, both foreign and domestic.
The census, spearheaded by the National Statistical Office (NSO) is aimed at drawing new data, since it has been a long while since the last data collection was carried out. The census is being carried out in an era of many citizens registering businesses, hence a new outlook is expected.
“The press statement says that the current set of economic indicators produced by the Economic Statistics Division of NSO do not fully reflect the current structure of the economy as there have not been any major baseline economic surveys or censuses conducted in recent year.
The development has been applauded by business experts as a way to actually tell if the country has actually developed economically in the past 5 years, rather than hearsay.