CEIC calculates GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. He must instead make The classifications are updated each year on July 1 and are based on the GNI per capita of the previous year (2021). Engage and invest in Malaysia today. his mind, or can no longer perform simple Mathematics or worse, Malaysia the fastest growing economy in Asia, outstripping even China If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Malaysia GDP per capita 2021 - StatisticsTimes.com Income or GDP per capita is calculated by dividing Key information about Malaysia GDP Per Capita. Malaysias per capita income is expected to increase this year, but this would be subject to the countrys economic recovery, said the Department of Statistics Malaysia (DOSM) today. As we look to join the ranks of the worlds high-income and developed economies, Malaysia needs to be able to compete at the global frontier,saidYB Dato Sri Mustapa Mohamed, Minister in the Prime Ministers Department (Economy). MIDA offers dedicated support and facilities. Malaysia's Per Capita Income Could Rise by More Than 25 percent if However, this depends on how we achieve it (the economic recovery) in the medium term. To use individual functions (e.g., mark statistics as favourites, set GDP - per capita (PPP) $28,364 (2019 est.) The gross domestic product per capita in Malaysia was forecast to continuously increase between 2023 and 2028 by in total 4,588.9 U.S. dollars (+34.29 percent). (Source: http://www.statistics.gov.my/files/download.php?cat=2&id_file=1. note: data are in . Upper-middle Income. We look forward to strengthening collaborations with the World Bank Group to create a conducive environment that facilitates economic opportunities for women in the country.. Malaysia GDP per Capita | Economic Indicators | CEIC Download Historical Data Save as Image From: To: Zoom: 0 2,000 4,000 6,000 8,000 10,000 12,000 GDP Per Capita (US $) $11,109 Girls account for 67 percent of students studying science and mathematics, and 40 percent and 34 percent in ICT and engineering respectively. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. Malaysia: GDP per capita, Purchasing Power Parity: For that indicator, we provide data for Malaysia from 1990 to 2021. This makes it arguably more accurate with regard to country-to-country comparisons. Includes GDP per Capita on 116 economies standardised by CEIC. Global data and statistics, research and publications, and topics in poverty and development, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), https://openknowledge.worldbank.org/handle/10986/35095. (Source: See the table below for more data. National average is 11,281 US$. It also includes payments and fees to governments to obtain permits and licenses. Nor Mohamed Yakcop must either be completely out of . World Bank. Malaysia Household Income per Capita, 2002 - 2023 - CEIC Data In 2021, GNI per capita for Malaysia was 10,769 US dollars. GDP per capita of Malaysia in nominal and ppp terms. Available via annual subscription to one or more of CEICs global and premium databases. Projections by IMF. * Estimate.The values have been rounded to provide a better understanding of the statistic. http://www.statistics.gov.my/files/download.php?cat=2&id_file=1) COVID-19 deaths worldwide as of May 2, 2023, by country and territory, COVID-19 cases worldwide as of May 2, 2023, by country or territory, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of May 2, 2023. Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Malaysia ranked 37th with $358.6B. To achieve 40% growth, Malaysia must be growing in http://www.statistics.gov.my/files/download.php?cat=2&id_file=1). Use Ask Statista Research Service. All rights reserved, Unlimited access tailored to your data needs. Per capita income to rise, subject to economic recovery GDP per capita, PPP in South East Asia | TheGlobalEconomy.com < 5,000 US$ 5,000 - < 7,000 US$ 7,000 - < 9,000 US$ 9,000 - < 11,281 US$ 11,281 - < 13,000 US$ 13,000 - < 15,000 US$ 15,000 - < 20,000 US$ > 20,000 US$ The indicator is available from 1990 to 2021. List of ASEAN country subdivisions by GDP, "Report for Selected Countries and Subjects", Association of Southeast Asian Nations (ASEAN), ASEANRepublic of Korea Commemorative Summit, Comprehensive Economic Partnership for East Asia, Regional Comprehensive Economic Partnership, ASEANAustralia Development Cooperation Program, Outstanding Scientist and Technologist Award, https://en.wikipedia.org/w/index.php?title=List_of_ASEAN_countries_by_GDP&oldid=1162254210, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 27 June 2023, at 23:21. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Nor Mohamed Yakcob must be totally joking to claim Based on the above growth rates over the past 3 The latest value for GNI per capita (constant 2010 US$) in Malaysia was 10,417 as of 2020. Includes Household Income per Capita on 72 economies standardised by CEIC. an official public apology for his outrageous claims. Household expenditure per capita in Malaysia from 2008 to 2020 (in constant 2010 U.S. dollars) [Graph]. Accordingly, countries have been grouped as high-income, upper-middle-income, lower-middle-income and low-income (table E). Infrastructure projects were greatly increased in this time. Key information about Malaysia Household Income per Capita. facts. Economic history of Malaysia - Wikipedia They came from all over, but made Malaysia their home. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. Malaysia's Gross Domestic Product (GDP) grew by 5.0%, and India. As Malaysia continues on its path towards becoming a high-income and developed nation, promoting economic opportunities for women is one of the most promising avenues that can help achieve the nations goals, on top of improving womens wellbeing, said YAB Dato Seri Dr. Wan Azizah Wan Ismail, Deputy Prime Minister and Minister of the Ministry of Women, Family and Community Development. GDP per capita, PPP - Country rankings. GDP per Capita by Country 2023 - World Population Review Media Statement by Tony Pua in Petaling Jaya on Count on us! Mohd Uzir said measures to curb the spread of Covid-19 also resulted in the mean monthly salaries and wages received by local workers dropping by 9% year-on-year (y-o-y) to RM2,933 in 2020 from RM3,224 in 2019. Dollars). By Bloomberg China's surging economy is set to overtake 56 countries in the world's per-capita income rankings during the quarter-century through 2025, the International Monetary Fund. Full and unlimited access to CEIC data for multiple users. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in . Show publisher information grew by only 17.9%. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Figures have been rounded. Nor Mohamed Yakcop must either be completely out of his mind, or can no longer perform . Malaysia gdp for 2018 was $358.79B, a 12.43% increase from 2017. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. He said that per capita The data reached an all-time high of 12,471.769 USD in Dec 2022 and a record low of 226.979 in Dec 1961. "Household Expenditure per Capita in Malaysia from 2008 to 2020 (in Constant 2010 U.S. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Gain an advantage through our valuable resources including useful links, guides, reports, statistics and publications on choosing Malaysia for your business ventures. April 7, 2023. For comparison, the world average in 2021 based on . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information years, Malaysia's GDP grew by approximately 17.9% from 2004 to 2007. Get quick analyses with our professional research service. KUALA LUMPUR, September 27, 2019 - Malaysia's income per capita could grow by 26.2 percent - implying an average annual income gain of RM 9,400 (US$2,250) if all economic barriers are removed for women in Malaysia, according to Breaking Barriers: Toward Better Economic Opportunities for Women in Malaysia, a World Bank report launched today. He said that per capita The date used here is the access date. Malaysia: 32.993: 407,923: 12,364: 1,134,671: 34,391 5 New World Bank country classifications by income level: 2022-2023 Meanwhile, the national Labour Force Participation Rate (LFPR) fell by 0.3 percentage points to 68.4% (2019: 68.7%). China with a GDP of $13.6T ranked the 2nd largest economy in the world, while Malaysia ranked 37th with $358.6B. Number of migrant workers in Malaysia 2012-2020; Number of worker permit renewals online in Malaysia . From 1988 to 1996, Malaysia's economy expanded at 8 per cent, the second fastest after China, resulting in manufactured goods such as microchips and semiconductors making up 80 per cent of exports. In line with the contraction in the economic and trade activities worldwide, Malaysias trade volume in 2020 declined by 3.6% to RM1.78 trillion from RM1.84 trillion in 2019, he said. Households in Malaysia increased their consumption expenditure per. Malaysia's Gross Domestic Product (GDP) grew by 5.0%, Malaysia gdp per capita for 2019 was $11,132, a 0.52% increase from 2018. income was now RM22,345 compared with RM15,819 previously. But navigating the next stage of development will require bold measures and tough reforms.. Malaysias female labor force participation rate, the proportion of women who participate in work, remains low when compared to ASEAN countries, despite increasing from 46.4 percent in 2009 to 55.2 percent in 2018. Malaysia: Gross domestic product (GDP) per capita in current prices from 1988 to 2028 (in U.S. dollars) [Graph]. (DC) GDP: 1987p: Gross National Income per Capita (MYR) 2005: yearly 1987 - 2005 Malaysia (DC) GDP: 1987p: Agri, Forestry & Fishery: Agri Incl Fishing (MYR mn) . Malaysia Gross Domestic Product (GDP) per Capita reached 12,471.769 USD in Dec 2022, compared with 11,479.067 USD in Dec 2021. Malaysia Annual Household Income per Capita reached 5,131.896 USD in Dec 2020, compared with the previous value of 5,761.586 USD in Dec 2019. To find out more about the cookies we use, see our Cookies Policy. Malaysia economy rankings: GDP - 37, GDP growth 5-year average - 29, GPD per capita - 67, economic freedom index - 26, business freedom index - 8 . A single cookie will be used in your browser to remember your preference not to be tracked. List of Malaysian states by GDP - Wikipedia To download the report, visit https://openknowledge.worldbank.org/handle/10986/35095. Malaysia to Achieve High Income Status Between 2024 and 2028, but Needs Download Historical Data. Progress towards the threshold has been slowed by the impact of the COVID-19 pandemic and the country has the opportunity to undertake bold reforms to sustain future growth and to ensure that the proceeds of growth benefit all segments of the population. Malaysia too can unlock the potential of its female labor force and translate it into economic gains.. dollars)." GDP per capita (nominal) is a raw figure that does not take into account the differences in the cost of living between one country and another. Malaysia: population distribution by state 2022 | Statista Payable monthly by credit card. Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (MYR bn), Central Government Operations: ytd: Expenditure (MYR mn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Imports: Value: Electrical & Electronic Products (MYR mn), Imports: Value: Machinery, Appliances and Parts (MYR mn), Imports: Value: Optical and Scientific Equipment (MYR mn), Exports: Value: Electrical & Electronic Products (MYR mn), Exports: Value: Optical and Scientific Equipment (MYR mn), Exports: Value: Machinery, Appliances and Parts (MYR mn), Import Volume Index (IVI): Total (2010=100), Export Volume Index (EVI): Total (2010=100), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: Financial Acc: Other Investment (MYR mn), Balance of Payment (BoP): Current Account (CA) (MYR mn), BoP: Financial Acc: Financial Derivatives (MYR mn), BoP: CA: Secondary Income: Debit (MYR mn), BoP: Financial Acc: Direct Investment: Asset (MYR mn), BoP: Financial Acc: Portfolio Investment (MYR mn), BoP: CA: Secondary Income: Credit (MYR mn), BoP: Financial Acc: Portfolio Investment: Asset (MYR mn), BoP: CA: Primary Income (PI): Net (MYR mn), BoP: Financial Acc: Direct Investment: Liabilities (MYR mn), BoP: Financial Acc: Direct Investment (MYR mn), BoP: Financial Acc: Portfolio Investment: Liabilities (MYR mn), External Debt: Medium and Long Term (ML) (MYR mn), External Debt: Serv: Interest: ML Term: Total (MYR mn), External Debt: Serv: Repayment: ML Term: Total (MYR mn), Funds Inflow: Direct Investment Assets (DIA) (MYR mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Banking System: Demand Deposits: Business Enterprises (MYR mn), Malaysia (DC) GDP: Mfg: WP: Wood Products incl Furniture (MYR mn), Malaysia (DC) GDP: Mfg: WP: Paper & Paper Products, Printing & Publishing (MYR mn), Malaysia (DC) GDP: Mfg: Ind Chemicals, Plastic, Non Metallic Mineral Pdt (IC) (MYR mn), Malaysia (DC) GDP: Mfg: IC: Industrial Chemical incl Fertilizers (MYR mn), Malaysia (DC) GDP: Mfg: IC: Others and Plastic Products (MYR mn), Malaysia (DC) GDP: Mfg: IC: Petroleum Pdts incl Crude Oil Refineries & Coal (MYR mn), Malaysia (DC) GDP: Mfg: IC: Rubber Processing and Products (MYR mn), Malaysia (DC) GDP: Mfg: IC: Non Metallic Mineral Products (MYR mn), Malaysia (DC) GDP: Mfg: Basic Metal Industries (MYR mn), Malaysia (DC) GDP: Mfg: Fabricated Metal Pdt,Electronics,Machinery & Eq (FM) (MYR mn), Malaysia (DC) GDP: Mfg: FM: Metal Products (MYR mn), Malaysia (DC) GDP: Mfg: FM: Manufacture of Machinery excl Electrical (MYR mn), Malaysia (DC) GDP: Mfg: FM: Electronics (MYR mn), Malaysia (DC) GDP: Mfg: FM: Electrical Machinery (MYR mn), Malaysia (DC) GDP: Mfg: FM: Transport Equipment (MYR mn), Malaysia (DC) GDP: Mfg: FM: Other Manufactures (MYR mn), Malaysia (DC) GDP: Electricity, Gas and Water (MYR mn), Malaysia (DC) GDP: Electricity, Gas and Water: Electricity and Gas (MYR mn), Malaysia (DC) GDP: Electricity, Gas and Water: Water (MYR mn), Malaysia (DC) GDP: Wholesale, Retail Trade, Restaurant & Hotels (WR) (MYR mn), Malaysia (DC) GDP: WR: Wholesale and Retail Trade (MYR mn), Malaysia (DC) GDP: WR: Hotels and Restaurant (MYR mn), Malaysia (DC) GDP: Transport, Storage & Communication (MYR mn), Malaysia (DC) GDP: Finance, Insurance, Real Estate & Business Service (MYR mn), Malaysia (DC) GDP: Owner Occupied Dwellings (MYR mn), Malaysia (DC) GDP: Government Services (MYR mn), Malaysia (DC) GDP: Government Services: Education (MYR mn), Malaysia (DC) GDP: Government Services: Health (MYR mn), Malaysia (DC) GDP: Government Services: Defense (MYR mn), Malaysia (DC) GDP: Government Services: Others (MYR mn), Malaysia (DC) GDP: Other Services (MYR mn), Malaysia (DC) GDP: Other Services: Community, Social and Personal (MYR mn), Malaysia (DC) GDP: Other Services: Private Non Profit Services to Households (MYR mn), Malaysia (DC) GDP: Other Services: Domestic Services of Households (MYR mn), Malaysia (DC) GDP: Imputed Bank Service Charge: Less (MYR mn), Malaysia (DC) GDP: Import Duties (MYR mn), Malaysia (DC) GDP: Agriculture, Forestry & Fishery (MYR mn), Malaysia (DC) Gross Domestic Product (GDP): 1987p (MYR mn), Malaysia (DC) GDP: 1987p: Consumption Expenditure (MYR mn), Malaysia (DC) GDP: 1987p: Consumption Expenditure: Government (MYR mn), Malaysia (DC) GDP: 1987p: Consumption Expenditure: Private (PR) (MYR mn), Malaysia (DC) GDP: 1987p: Consumption Expenditure: PR: Non Profit Inst Serv (MYR mn), Malaysia (DC) GDP: 1987p: Consumption Expenditure: PR: Household (MYR mn), Malaysia (DC) GDP: 1987p: Gross Capital Formation (MYR mn), Malaysia (DC) GDP: 1987p: Change in Stock (MYR mn), Malaysia (DC) GDP: 1987p: Gross Fixed Capital Formation (GFCF) (MYR mn), Malaysia (DC) GDP: 1987p: GFCF: Public (MYR mn), Malaysia (DC) GDP: 1987p: GFCF: Private (MYR mn), Malaysia (DC) GDP: 1987p: Net Exports of Goods & Services (MYR mn), Malaysia (DC) GDP: 1987p: Exports of Goods & Services (MYR mn), Malaysia (DC) GDP: 1987p: Imports of Goods & Services (MYR mn), Malaysia (DC) GDP: 1987p: Net Factor Income from Abroad (MYR mn), Malaysia (DC) GDP: 1987p: Gross National Income (MYR mn), Malaysia (DC) GDP: 1987p: Gross National Income per Capita (MYR), Malaysia (DC) GDP: 1987p: Agri, Forestry & Fishery: Agri Incl Fishing (MYR mn), Malaysia (DC) GDP: 1987p: Agriculture, Forestry & Fishery (MYR mn), Malaysia (DC) GDP: 1987p: Agri, Forestry & Fishery: Agri: Rubber (MYR mn), Malaysia (DC) GDP: 1987p: Agri, Forestry & Fishery: Agri: Oil Palm (MYR mn), Malaysia (DC) GDP: 1987p: Agri, Forestry & Fishery: Agri: Oth Incl Livestock (MYR mn), Malaysia (DC) GDP: 1987p: Agri, Forestry & Fishery: Fishing (MYR mn), Malaysia (DC) GDP: 1987p: Agri, Forestry & Fishery: Forestry & Logging (MYR mn), Malaysia (DC) GDP: 1987p: Mining and Quarrying (MYR mn), Malaysia (DC) GDP: 1987p: Mining and Quarrying: Crude Petroleum & Natural Gas (MYR mn), Malaysia (DC) GDP: 1987p: Mining and Quarrying: Others (MYR mn), Malaysia (DC) GDP: 1987p: Manufacturing (Mfg) (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Food, Beverages & Tobacco (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Food, Bev & Tobacco: Vege & Animal Oil & Fat (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Food, Bev & Tobacco: Others (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Textile, Wearing Apparel and Leather Products (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Wood & Paper Pdts, Printing & Publishing (WP) (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: WP: Wood Products incl Furniture (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: WP: Paper & Paper Products, Printing & Publish (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Ind Chemicals,Plastic,NonMetal Mineral Pdt(IC) (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: IC: Industrial Chemical incl Fertilizers (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: IC: Others and Plastic Products (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: IC: Petroleum Pdt incl Crude Oil Refineries (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: IC: Rubber Processing and Products (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: IC: Non Metallic Mineral Products (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Basic Metal Industries (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: Fabricated Metal Pdt,Elect,Machinery & Eq (FM) (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: FM: Metal Products (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: FM: Manufacture of Machinery excl Electrical (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: FM: Electronics (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: FM: Electrical Machinery (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: FM: Transport Equipment (MYR mn), Malaysia (DC) GDP: 1987p: Mfg: FM: Other Manufactures (MYR mn), Malaysia (DC) GDP: 1987p: Electricity, Gas and Water (MYR mn), Malaysia (DC) GDP: 1987p: Electricity, Gas and Water: Electricity and Gas (MYR mn), Malaysia (DC) GDP: 1987p: Electricity, Gas and Water: Water (MYR mn), Malaysia (DC) GDP: 1987p: Construction (MYR mn), Malaysia (DC) GDP: 1987p: Wholesale, Retail Trade, Restaurant & Hotels (WR) (MYR mn), Malaysia (DC) GDP: 1987p: WR: Wholesale and Retail Trade (MYR mn), Malaysia (DC) GDP: 1987p: WR: Hotels and Restaurant (MYR mn), Malaysia (DC) GDP: 1987p: Transport, Storage & Communication (MYR mn), Malaysia (DC) GDP: 1987p: Finance, Insurance, Real Estate & Business Service (MYR mn), Malaysia (DC) GDP: 1987p: Owner Occupied Dwellings (MYR mn), Malaysia (DC) GDP: 1987p: Government Services (MYR mn), Malaysia (DC) GDP: 1987p: Government Services: Education (MYR mn), Malaysia (DC) GDP: 1987p: Government Services: Health (MYR mn), Household Expenditure Survey: by Citizenship, Index of Services: 2010=100: Seasonally Adjusted, Motor Vehicles Sales: MAA: By Model & Distributor: Commercial Vehicles, Motor Vehicles Sales: Malaysian Automotive Association (MAA): By Model, Sales & Advertising Permits: Private Developers, Distributive Trade Index: 2008=100: Seasonally Adjusted, Distributive Trade Index: 2010=100: Seasonally Adjusted, Household Expenditure Survey: by Age Group, Household Expenditure Survey: by Occupational Group, Manufacturing Products Sales: by MSIC 2008, Motor Vehicles Sales: MAA: By Model & Distributor: Passenger Vehicles, Wholesale & Retail Trade: MSIC 2008: Census of Distributive Trade 2009.