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 | |
---|---|---|---|---|
GDP | 372.98 bn USD | 11,109.26 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 359.71 bn USD | 10,713.92 USD | 16.895 tn USD | 32,835.37 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
› Debt budget development
› Development of inflation
› Corruption in Malaysia
› Cost of living in a global comparison
› Development of inflation
› Corruption in Malaysia
› Cost of living in a global comparison
Imports and Exports 2021
Malaysia Total | Malaysia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 230.38 bn USD | 6,861.95 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 256.68 bn USD | 7,645.38 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1974 - 2021
Exports
Imports