Economy of Malaysia
Population: 31.53 M (2018)
GDP per Capita: 11,373 USD (2018)
358,580 M.

GDP USD

(2018)

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246,550 M.

EXPORTS USD

(2018)

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221,410 M.

IMPORTS USD

(2018)

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51.83 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.74 % (2018)
GDP of 2010 USD USD 382.10 B. (2018)
GDP Current USD USD 358.58 B. (2018)
GDP per Capita Current USD USD 11,373 (2018)
GDP per capita, PPP USD 28,201 (2018)
GDP per Capita, 2010 USD USD 12,120 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 11.95 % (2018)
Government Spending USD 42.86 B. (2018)
Government Debt % GDP 51.83 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 94.67 (2018)
Trade Openness 130.50 % (2018)
Exports of Goods and Services % GDP 68.76 % (2018)
Exports Goods & Services USD 246.55 B. (2018)
Exports Annual Growth 2.23 % (2018)
Imports as % GDP 61.75 % (2018)
Total Imports USD 221.41 B. (2018)
Foreign Direct Investment % GDP 2.39 % (2018)
Foreign Direct Investment USD 8.57 B. (2018)
Current Account Balance % GDP USD 2.12 % (2018)
Current Account Balance USD 7.59 B. (2018)
Trade Balance % GDP 7.01 % (2018)
Trade Balance USD 25.13 B. (2018)
Foreign Exchange Reserves incl Gold USD 101.45 B. (2018)
Remittances % GDP 0.47 % (2018)
Remittances 0.47 % (2018)
Balance of Payments USD 1,863 M. (2004)

Labor Market

Indicator Value
Labor Force 15.79 M. (2019)
Unemployment Rate 3.40 % (2019)
Unemployment Rate Females 3.74 % (2019)
Unemployment Rate Males 3.07 % (2019)
Youth Unemployment (ages 15-24) 11.67 % (2019)
Labor Force Participation Rate 64.76 % (2019)
Labor Force (Percent Female) 38.38 % (2019)
Female Labor Force Participation Rate 51.11 % (2019)
Male Labor Force Participation Rate 77.59 % (2019)
Dependent People 44.23 % (2018)

Agriculture Sector

Indicator Value
Forest Area 67.60 % (2016)
Forest Area km² 222,092 km² (2016)
Agricultural Land 26.26 % (2016)
Agricultural Land km² 86,270 km² (2016)
Employment 10.96 % (2019)
Value added % GDP 7.54 % (2018)
Agriculture Value added USD 27.03 B. (2018)
Crop Production Index 117.90 (2016)
Precipitation 2,875 mm (2014)
Arable Land 3 % (2016)
Cereal Yield 4,251 kg/hectare (2017)
Food production index 131 (2016)
Rural Population 24 % (2018)
Fertilizer use of Arable Land 1,723 kg/hectare (2016)
Livestock Production Index 145 (2016)
Economy of Malaysia

According to the World Bank and its latest published data, the economy of the Malaysia presents a growth rate of 4.74 % (2018) to the previous year.

With a population that reaches 31.53 M (2018) and a gross domestic product of USD 358.58 B. (2018), it translates a Gross Domestic Product per Capita of USD 11,373 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Malaysia also has a workforce of 15.79 M. (2019) with an unemployment rate of 3.40 % (2019), where women represent 3.74 % (2019) and men 3.07 % (2019), the unemployment rate for young people between 15-24 years old stood at 11.67 % (2019). The total number of dependent people stands at 44.23 % (2018).

The central government spent 11.95 % (2018) of its gross domestic product that year, which in absolute terms is USD 42.86 B. (2018). Its consolidated public debt reached 51.83 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Malaysia exported USD 246.55 B. (2018), which represents 68.76 % (2018) of its gross domestic product, in that same sense its imports reached USD 221.41 B. (2018) with a direct foreign investment of USD 8.57 B. (2018).

Malaysia has a forest area of 222,092 km² (2016), which represents 67.60 % (2016) of its total area, an average rainfall of 2,875 mm (2014) per year and a population of 24 % (2018) living in rural areas. With a total area of 86,270 km² (2016) available for agriculture and 10.96 % (2019) of its employments, the agricultural sector contributes to the economy of the Malaysia about USD 27.03 B. (2018) (7.54 % (2018) of its GDP).