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Indicators of economy in Malaysia

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Malaysia, on the other hand, reached USD 11,109 per capita, or 372.98 billion USD for the whole country. Malaysia is therefore currently ranked 38 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Malaysia ranks 57th in the list of the richest countries.

Inflation in Malaysia in 2021 was around 2.48%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 61.2 percent lower.
The index for perceived corruption in the public sector is 48, which is below average by global standards.


Back to overview: Malaysia

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Malaysia 2020. Overall, gross domestic product in 2020 fell from 365.18 billion US dollars to 337.34 billion US dollars. With a drop of 7.6 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 fell from 0.7 percent previously to -1.1 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Malaysia
Total
Malaysia
per capita
EU
Total
EU
per capita
GDP372.98 bn USD11,109.26 USD17.177 tn USD33,384.92 USD
Gross national product359.71 bn USD10,713.92 USD16.895 tn USD32,835.37 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. Out of the 2,000 largest listed companies in the world, 7 originate from Malaysia. This is determined annually in the Forbes Global 2000 list. The 7 largest companies in the country in 2022 were:

Rank 486: Maybank (Kuala Lumpur)
Rank 751: Public Bank (Kuala Lumpur)
Rank 837: Tenaga Nasional (Kuala Lumpur)
Rank 895: CIMB Group Holdings (Kuala Lumpur)
Rank 1236: Petronas Chemicals (Kuala Lumpur)
Rank 1525: RHB Bank (Kuala Lumpur)
Rank 1641: Hong Leong Financial (Kuala Lumpur)

Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Malaysia
Total
Malaysia
per capita
EU
Total
EU
per capita
Imports230.38 bn USD6,861.95 USD8.916 tn USD17,329.02 USD
Exports256.68 bn USD7,645.38 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1974 - 2021

Exports
Imports



Malaysia: AirportsLargest airports and airlines in MalaysiaThe 30 biggest airports and 8 airlines in Malaysia with further information and data with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Language: ChineseChinese - Worldwide distributionInternational distribution of mother tongue Chinese including regional allocations. Mainly in in China.