Economy ofMalaysia
The Twins SE Asia 2019 (49171985716).jpg
Kuala Lumpur, national capital of Malaysia, and its largest city
CurrencyRinggit (MYR, RM)
Fiscal year
Calendar year
Trade organisations
APEC, ASEAN, IOR-ARC, WTO, JETRO, RCEP, EAS, AFTA
Country group
  • Developing/Emerging
  • Upper Middle Income Economy
  • Newly industrialized country
Statistics
PopulationIncrease 33,871,431 (2022.est)
GDP
  • Increase $439.373 billion (nominal, 2022 est.)
  • Increase $1,089 trillion (PPP, 2022 est.)
GDP rank
  • 34th (nominal, 2022)
  • 31th (PPP, 2022)
GDP growth
  • 5.6% (2020f) 6.9% (2021f)
  • 6.3% (2022e)
GDP per capita
  • Increase $13,268 (nominal, 2022 est.)
  • Increase $32,901 (PPP, 2022 est.)
GDP per capita rank
  • 84th (nominal;2022 est.)
  • 75th (PPP, 2022.)
GDP by sector
  • agriculture: Increase 8.19%
  • industry: Increase 35.93%
  • services: Increase 54.77%
  • (2020)
Inflation (CPI)
2.2% (2022 est.)
Population belowpoverty line
  • Negative increase 5.6% (2020)
  • 2.9% on less than $5.50/day (2022)
Gini coefficient
Negative increase 42.8medium(2018, World Bank)
Human Development Index
  • Increase 0.810very high(2019) (62nd)
  • N/A IHDI (2019)
Labour force
  • Increase 16,370,000 (2022)
  • 69.20% employment rate (2022)
Labour force by occupation
  • agriculture: 10.28%
  • industry: 27.01%
  • services: 62.72%
  • (2019 est.)
UnemploymentNegative increase 3.6% (May 2022)
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
Ease-of-doing-business rank
Increase 12th (very easy, 2022)
External
Exports$280 billion (2021 est.)
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
  •  China(+) 15.5%
  •  Singapore(+) 14.8%
  •  United States(+) 11.5%
  •  Japan(+) 6.1%
  •  Vietnam(+) 3.7%
  •  Hong Kong(+) 6.2%
  •  Thailand(+) 4.2%
  •  India(+)3.6%
  • (2021)
Imports$222 billion (2021 est.)
Import goods
Electrical & electronic products, machinery, chemicals, petroleum, plastics, vehicles, manufactures of metal, iron and steel products
Main import partners
  •  China(+) 19%
  •  Singapore(+) 31.0%
  •  United States(+) 27.2%
  •  Japan(+) 4.5%
  •  European Union(+) 15.1%
  •  ASEAN(+) 32.7%
  •  Thailand(+) 6.1%
  •  Taiwan(+) 30.5%
  • (2022)
FDI stock
  • Increase $139.5 billion (31 December 2017 est.)
  • Increase Abroad: $128.5 billion (31 December 2017 est.)
Current account
Increase $12.6 billion (2022 est.)
Grossexternal debt
Negative increase $273.9 billion (31 March 2022 est.)
Public finances
Public debt
Positive decrease 63.4% of GDP (2021 est.)
Budget balance
−6% (of GDP) (2021 est.)
Revenues50.30 billion (2021 est.)
Expenses75.67 billion (2021 est.)
Economic aid$31.6 million (2005 est.)
Credit rating
  • Standard & Poor's:
  • A+ (Domestic)
  • A− (Foreign)
  • A+ (T&C Assessment)
  • DecreaseOutlook: Negative
  • Moody's:
  • A3
  • Outlook: Positive
  • Fitch:
  • DecreaseBBB+
  • Outlook: Stable
Foreign reserves
Increase US$112.8 billion (29 May 2022)
Main data source:CIA World Fact Book
All values, unless otherwise stated, are in US dollars.