In a paper titled Long–Term Macroeconomic Effects of Climate Change: A Cross Country Analysis, International Monetary Fund (IMF) said that climate change will negatively affect Malawi’s gross domestic product (GDP) per capita.

The report comes in, echoing National Account figures from the Reserve Bank of Malawi (RBM) have shown that Agriculture’s contribution to the country’s Gross Domestic Product (GDP) is expected to shrink by 0.2 percentage points in 2019 from 27.3% to 27.1%.

As farmers are being urged to practice climate smart agriculture, the RBM report says that in the past nine years, agriculture’s contribution to the GDP has been slowly declining from 30 percent in 2010 to 27.1% this year.

Meanwhile, Malawi’s GDP per capita is the lowest compared to other countries in the region such as Zambia, Rwanda, Kenya and Ethiopia. Climate change has been said to be the major contributor to Malawi’s economy, as the country is highly dependent on agriculture.