Malaysia: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | The oil and gas sector supplies about 35% of government revenue. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, Singapore, and United States |
| Top Industries Source: CIA World Factbook | Rubber and Oil Palm Processing and Manufacturing; Petroleum and Natural Gas; Light Manufacturing; Pharmaceuticals |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $971,274,521,662 (2021) |
| GDP Growth Rate (annual %) | 3.092% (2021) |
| GDP Per Capita, PPP (current international) | $28,929 (2021) |
GDP Country Rank 30/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.477% (2021) |
| External debt stocks, total (DOD, current US$) | $200,364,305,000 (2016) |
| Total tax rate (% of commercial profits) | 38.7% (2019) |
| Real Interest Rate (5 year average %) | -2.147% (2021) |
| Manufacturing, value added (% of GDP) | 23.468% (2021) |
| Current Account Balance (BoP, current US$) | $14,143,329,787 (2021) |
Labor and Employment [1]
| Labor Force, Total | 16,739,686 (2021) |
| Employment in Agriculture (% of total employment) | 10.09% (2020) |
| Employment in Industry (% of total employment) | 26.834% (2020) |
| Employment in Services (% of total employment) | 63.076% (2020) |
| Unemployment Rate | 4.609% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $230,244,491,106 (2021) |
| Exports of goods and services (current US$) | $256,755,967,466 (2021) |
| Total Merchandise Trade (% of GDP) | 143.977% (2021) |
| FDI, net inflows (BoP, current US$) | $18,595,649,824 (2021) |
| Commercial Service Exports (current US$) | $20,851,824,015 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Malaysia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.