Global InformationEconomy of Malaysia information
 Kuala Lumpur, national capital of Malaysia, and its largest city | |
| Currency | Ringgit (MYR, RM) |
|---|---|
Fiscal year | Calendar year |
Trade organisations | APEC, ASEAN, IOR-ARC, WTO, JETRO, RCEP, CPTPP, EAS, AFTA |
Country group |
|
| Statistics | |
| Population |  33,938,221 (2022)[3] |
| GDP |
|
| GDP rank |
|
GDP growth |
|
GDP per capita |
|
GDP per capita rank |
|
GDP by sector |
|
Inflation (CPI) | 1.5% (January 2024)[4] |
Population below poverty line |
|
Gini coefficient |  41.2 medium (2018, World Bank)[8] |
Human Development Index |
|
Labour force |
|
Labour force by occupation |
|
| Unemployment |  3.4% (Sep 2023)[4] |
Main industries | Electronics, semiconductors, microchips, integrated circuits, rubber, oleochemicals, automotive, optical devices, pharmaceuticals, medical equipment, smelting, timber, wood pulp, Islamic finance, petroleum, liquified natural gas, petrochemicals, telecommunication product |
| External | |
| Exports | $297.60 billion (2022 est.)[14] |
Export goods | Semiconductor & electronic products, palm oil, liquefied natural gas, petroleum, chemicals, machinery, vehicles, optical & scientific equipment, manufactures of metal, rubber, wood and wood products |
Main export partners |
|
| Imports | $234 billion (2022 est.)[16] |
Import goods | Electrical & electronic products, machinery, chemicals, petroleum, plastics, vehicles, manufactures of metal, iron and steel products |
Main import partners |
|
FDI stock | $194 billion (2023 est.)[17] |
Current account |  $11.639 billion (2023 est.)[4] |
Gross external debt | $273.9 billion (31 March 2022 est.)[13] |
| Public finances | |
Government debt | 66.909% of GDP (2023 est.)[4] |
Budget balance | −4.690% (of GDP) (2023 est.)[4] |
| Revenues | 50.30 billion (2021 est.)[13] |
| Expenses | 75.67 billion (2021 est.)[13] |
| Economic aid | $31.6 million (2005 est.) |
Credit rating |
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Foreign reserves | US$110.1 billion (29 September 2023)[21] |
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars. | |
The economy of Malaysia is the fifth largest in Southeast Asia and the 36th largest in the world in terms of GDP.[22] The 2018 labour productivity of Malaysia was measured at Int$55,360 per worker, the third highest in ASEAN.[23] The 2021 Global Competitiveness Report ranked Malaysian economy the 25th most competitive country economy in the world.[24]
Malaysians enjoy a relatively affluent lifestyle compared to many of its neighbours in Southeast Asia. This is due to a fast-growing export-oriented economy, a relatively low national income tax, highly affordable local food and transport fuel, as well as a fully subsidized single-payer public healthcare system. Malaysia has a newly industrialised market economy, which is relatively open and state-oriented.[25][26] The Malaysian economy is highly robust and diversified with the export value of high-tech products in 2020 standing at US$92.1 billion, the second highest in ASEAN.[27] Malaysia exports the second largest volume and value of palm oil products globally, after Indonesia.[28]
- ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
- ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Archived from the original on 21 August 2016. Retrieved 29 September 2019.
- ^ "Population, total - Malaysia". Retrieved 21 November 2023.
- ^ a b c d e f g h i "World Economic Outlook Database, October 2023". IMF.org. International Monetary Fund. Retrieved 21 November 2023.
- ^ a b "WORLD ECONOMIC OUTLOOK 2022 OCT Countering the Cost-of-Living Crisis". www.imf.org. International Monetary Fund. p. 43. Retrieved 11 October 2022.
- ^ "CIA World Factbook". Retrieved 23 March 2022.
- ^ "Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) - Malaysia". data.worldbank.org. World Bank. Retrieved 3 October 2019.
- ^ "GINI index (World Bank estimate)". data.worldbank.org. World Bank. Retrieved 16 May 2023.
- ^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 5 November 2022.
- ^ "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Archived from the original on 12 December 2020. Retrieved 5 November 2022.
- ^ "Labor force, total - Malaysia". data.worldbank.org. World Bank. Retrieved 4 November 2019.
- ^ "Employment to population ratio, 15+, total (%) (national estimate) - Malaysia". data.worldbank.org. World Bank. Retrieved 3 October 2019.
- ^ a b c d "The World Factbook". CIA.gov. Central Intelligence Agency. Retrieved 18 March 2019.
- ^ "Trade Performance 2021". Malaysia External Trade Development Corporation. Archived from the original on 15 May 2022. Retrieved 2 June 2021.
- ^ a b "OEC - Malaysia trade". Retrieved 27 December 2022.
- ^ "OEC - Malaysia (MYS) Exports, Imports, and Trade Partners". atlas.media.mit.edu. Archived from the original on 24 March 2019. Retrieved 24 March 2019.
- ^ "Malaysia's FDI". news.cn. Xinhua. Retrieved 16 February 2024.
- ^ "S&P revises Malaysia's outlook to stable from negative, expects 2022 GDP growth to hit 6.1%". Retrieved 16 May 2023.
- ^ "Moody's Affirms Malaysia's Sovereign Credit Rating At 'A3'; Outlook Stable". 14 April 2023. Retrieved 16 May 2023.
- ^ "Malaysia". Retrieved 16 May 2023.
- ^ "BNM: Malaysia's international reserves at US$110.1b at Sept 29, 2023". 6 October 2023. Retrieved 6 October 2023.
- ^ "Report for Selected Countries and Subjects". IMF. Retrieved 18 May 2022.
- ^ "Regional Study on Labour Productivity in ASEAN" (PDF). The ASEAN Secretariat & Asian Productivity Organization. Retrieved 9 January 2022.
- ^ "The Global Competitiveness Report 2021". IMD World Competitiveness Center. Retrieved 9 June 2022.
- ^ Boulton, WilliaM; Pecht, Michael; Tucker, William; Wennberg, Sam (May 1997). "Electronics Manufacturing in the Pacific Rim, World Technology Evaluation Center, Chapter 4: Malaysia". Wtec.org. Retrieved 1 November 2010.
- ^ "Malaysia, A Statist Economy". Infernalramblings.com. Archived from the original on 7 October 2010. Retrieved 1 November 2010.
- ^ "High-technology exports (current US$) - Singapore, Malaysia, Thailand, Indonesia | Data". data.worldbank.org.
- ^ "OEC - Palm Oil (HS92: 1511) Product Trade, Exporters and Importers". Archived from the original on 30 August 2017. Retrieved 19 August 2017.