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Indicators of economy in Malaysia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Malaysia reached 10.412 US dollars per inhabitant, or 337.01 bn US Dollar in the whole country. Malaysia is therefore currently ranked 37 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Malaysia is in the list of the world's richest countries in place 52.

Inflation in Malaysia was in 2021 at around 2.48%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 61.2% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Malaysia

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in Malaysia 2020. Overall, gross domestic product in 2020 fell from 365.28 billion US Dollar auf 337.01 billion US Dollar. With a drop of 7.7 percent, the economy in Malaysia suffered more significant losses than other countries.. The tourism sector alone slumped by around 85 percent. The unemployment rate rose from 3.3 to 4.5 percent. The inflation rate has fallen from 0.7 percent previously to -1.1 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Malaysia
Total
Malaysia
per capita
EU
Total
EU
per capita
GDP337.01 bn USD10,412.35 USD15,291.93 tn USD29,692.11 USD
Gross national product342.21 bn USD10,573.22 USD15,330.84 tn USD29,767.66 USD


Malaysia ranked 29th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 8 of the 2000 largest listed companies in the world originate from Malaysia. This is determined annually in the Forbes Global 2000 list. The 8 largest companies in the country were in 2021:

Rank 364: Maybank (Kuala Lumpur)
Rank 679: Tenaga Nasional (Kuala Lumpur)
Rank 694: Public Bank (Kuala Lumpur)
Rank 1175: CIMB Group Holdings (Kuala Lumpur)
Rank 1400: RHB Bank (Kuala Lumpur)
Rank 1404: Hong Leong Financial (Kuala Lumpur)
Rank 1448: Top Glove (Shah Alam)
Rank 1958: Petronas Chemicals (Kuala Lumpur)

Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2021

 Malaysia
Total
Malaysia
per capita
EU
Total
EU
per capita
Imports185.64 bn USD5,735.75 USD7,340.01 bn USD14,251.98 USD
Exports207.45 bn USD6,409.61 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1974 - 2021

Exports
Imports



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