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Economy of Malaysia

Population: 30 million in 20131

GDP: $312 billion in 20132

GDP per capita: $10,538 nominal3 ($23,298 PPP4) in 2013

GDP growth rate: 4.7% in 20135


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities7024.5%
Wholesale, retail trade, restaurants and hotels4716.4%
Mining and utilities3712.9%
Agriculture, hunting, forestry, fishing3411.9%
Transport, storage and communication186.3%
Total value added286100%


Unemployment rate: 3.2% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles2,22016.8%
Agriculture, forestry and fishing1,68212.7%
Accommodation and food service1,0167.7%
Public administration and defence7645.8%
Transportation and storage6224.7%
Administrative and support service5594.2%
Human health and social work4903.7%
Finance and insurance3192.4%
Professional, scientific and technical3072.3%
Other service1911.4%
Information and communication1911.4%
Activities of households as employers1871.4%
Mining and quarrying870.7%
Water supply, sewerage and waste management830.6%
Arts, entertainment and recreation790.6%
Real estate720.5%
Electricity, gas, steam and air conditioning610.5%
Extraterritorial organizations and bodies20.0%
Total employment13,210100%


Top 1 Corporation by Revenue*9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Petronas8815.0147Oil and gas

* Corporate data calculated using the exchange rate 3.60 MYR = 1 USD


Household Wealth: $498 billion (160% of GDP) in 201410

Household Wealth per Adult: $26,795 in 201410

Gini Coefficient: .462 in 200911


Central Government

Central Government Revenue: $66 billion (21% of GDP) in 201312

Central Government Expenditure: $79 billion (25% of GDP) in 201312

Central Government Budget Balance: -$13 billion (-4% of GDP)12

Central Government Public Debt: $158 billion (51% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 3.91% on Jan 26, 201514

* Public debt calculated using the exchange rate 3.60 MYR = 1 USD

Government Funds

Khazanah Nasional Berhard: $41 billion (13% of GDP) in 201415

Tax Structure

Individual Income Tax Rates and Thresholds


Corporate Tax Rate: 25% in 201416

Monetary Policy

Money Supply (M1): $92 billion (29% of GDP) in Nov 2014* 17

Benchmark Interest Rate: Overnight Rate = 3.23% on Jan 1, 201518

Total Reserves: $135 billion (43% of GDP) in 201319

Exchange Rate: 3.60 Malaysian Ringgit = 1 U.S. Dollar on Jan 26, 201520

Inflation: 2.1% in 201321

* Money supply calculated using the exchange rate 3.60 MYR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 200922

RankFinancial InstitutionAssets ($ billions) 2009*
2CIMB Group64
3Public Bank58
4RHB Capital31
5AMMB Holding26
6Hong Leong21
7EON Capital12
8Affin Holdings11
9Alliance Financial Group8
10Bank Islam2

* Assets calculated using the exchange rate 3.60 MYR = 1 USD

International Accounts

Exports: $231 billion (74% of GDP) in 201323

Imports: $228 billion (73% of GDP) in 201323

Trade Balance: +$3 billion (+1% of GDP) in 201323

Foreign Direct Investment Inflow: $12 billion (4% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $15 million (0.004% of GDP)25

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Central Bank of Malaysia, National Summary Data (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Bank Negara Malaysia, Statistics, National Summay Data (Money supply) Go back
18. Source: Bank Negara Malaysia (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back