Malaysia - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Malaysia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Malaysia economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.90 1.3 1.4 1.4 1.1 1.6 percent
Unemployment Rate 3.30 3.4 3.5 3.7 3.7 4.1 percent
Inflation Rate 1.30 1.5 1.9 2.1 2 3.1 percent
Interest Rate 3.25 3.25 3.25 3.25 3.5 3.5 percent
Balance of Trade 9000.00 8000 2585 9618 8337 5000 MYR Million
Government Debt to GDP 50.90 56 56 56 55 53 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 3.90
3.9 3.94 3.97 4.01 4.16
Stock Market 1887.75
points
1787 1759 1731 1703 1597
Government Bond 10Y 4.04
percent
4.02 4.09 4.16 4.23 4.53
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.90
percent
1.3 1.4 1.4 1.1 1.6
GDP Annual Growth Rate 5.90
percent
5.5 4.8 4.3 4.5 5.6
GDP 296.54
USD Billion
321 321 321 335 349
GDP Constant Prices 307861.00
MYR Million
295086 305653 321099 297181 355017
Gross National Product 301.20
MYR Billion
290 300 314 291 347
Gross Fixed Capital Formation 72188.00
MYR Million
79614 76248 75292 78859 83245
GDP per capita 11028.20
USD
11621 11762 11273 12001 12239
GDP per capita PPP 25660.50
USD
25849 26040 26231 27925 28478
GDP From Agriculture 25571.00
MYR Million
23126 26653 26671 23116 29488
GDP From Construction 13315.00
MYR Million
13247 14170 13888 14215 15355
GDP From Manufacturing 70289.00
MYR Million
69432 69786 73311 67854 81055
GDP From Mining 25339.00
MYR Million
25076 24326 26429 26627 29220
GDP From Services 168736.00
MYR Million
160042 166382 175992 161034 194582
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.30
percent
3.4 3.5 3.7 3.7 4.1
Employed Persons 14721.50
Thousand
14909 14503 14885 14515 15500
Unemployed Persons 508.50
Thousand
510 507 509 517 511
Labor Force Participation Rate 62.80
percent
67.7 67.9 67.89 67.9 67.9
Job Vacancies 401835.00
280650 385044 280000 386640 327000
Minimum Wages 1000.00
MYR/Month
1100 1100 1100 1200 1400
Wages in Manufacturing 3527.00
MYR/Month
3450 3500 3550 3600 4100
Population 32.05
Million
32.4 32.52 32.64 32.71 33.86
Retirement Age Women 60.00
60 60 60 60 60
Retirement Age Men 60.00
60 60 60 60 60
Wages 2463.00
MYR/Month
2620 2620 2620 2750 2870
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.30
percent
1.5 1.9 2.1 2 3.1
Consumer Price Index CPI 120.90
Index Points
121 123 124 124 132
GDP Deflator 116.00
Index Points
119 115 123 115 132
Producer Prices 106.70
Index Points
102 106 110 107 123
Import Prices 115.40
Index Points
124 116 131 116 152
Food Inflation 2.80
percent
3.8 4.1 3.8 4.34 4.1
Producer Prices Change -3.40
percent
-2.3 -0.5 2.3 3.8 6.7
Inflation Rate Mom -0.30
percent
0.4 0.4 0.4 0.19 0.3
Core Inflation Rate 1.70
percent
2.8 2.65 2.9 2.25 2.5
Export Prices 112.00
Index Points
113 113 113 113 116
CPI Housing Utilities 118.30
Index Points
119 120 121 120 128
CPI Transportation 117.60
Index Points
113 120 123 124 130
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 3.25
percent
3.25 3.25 3.25 3.5 3.5
Interbank Rate 3.65
percent
3.68 3.68 3.68 3.93 3.93
Money Supply M0 96116.10
MYR Million
95600 98577 101120 101648 119500
Money Supply M1 419965.75
MYR Million
430532 437116 443639 450125 520047
Money Supply M2 1739076.73
MYR Million
1800000 1784899 1870000 1822407 2050000
Money Supply M3 1744861.66
MYR Million
1737334 1711312 1692532 1686397 1701212
Foreign Exchange Reserves 103688.12
USD Million
101200 103592 102500 103589 106000
Banks Balance Sheet 2517203.51
MYR Million
2550931 2576359 2601581 2626579 2887227
Loans to Private Sector 1760419.92
MYR Million
1799898 1826071 1851938 1877597 2149467
Deposit Interest Rate 3.00
percent
3 2.99 3 2.97 4
Cash Reserve Ratio 3.50
percent
3.5 3.5 3.5 3.5 3.5
Central Bank Balance Sheet 450801.85
MYR Million
464000 447103 474000 447005 512000
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 9000.00
MYR Million
8000 2585 9618 8337 5000
Exports 70342.60
MYR Million
80000 75022 83618 80408 87000
Imports 61300.00
MYR Million
72000 72437 74000 72070 82000
Current Account 12865.00
MYR Million
11640 12563 8252 12676 13200
Current Account to GDP 1.30
percent
3 3 3 3.3 3.7
External Debt 883368.20
MYR Million
880613 874994 879124 876088 877418
Terms of Trade 97.00
Index Points
91.13 97.78 86.26 97.42 76.32
Tourism Revenues 82098.20
MYR Million
76000 81006 76000 83586 78300
Tourist Arrivals 2435564.00
2500000 2096700 2950000 2268900 3340000
Gold Reserves 37.60
Tonnes
40 37.5 42 37.17 44.5
Crude Oil Production 640.00
BBL/D/1K
650 653 668 657 667
Terrorism Index 3.33
3.74 3.07 3.74 3.32 3.57
Capital Flows 4985.50
MYR Million
4758 438 4552 634 3660
Foreign Direct Investment 2763.00
MYR Million
10000 9997 12500 9053 15900
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 50.90
percent
56 56 56 55 53
Government Budget -3.00
percent of GDP
-4.1 -3 -4.1 -3 -3.3
Government Budget Value 10461.90
MYR Million
-3633 3679 -6400 3679 2800
Government Spending 48025.00
MYR Million
36428 36317 50090 35672 55381
Government Revenues 58716.20
MYR Million
52000 54574 55500 54574 66000
Fiscal Expenditure 48254.30
MYR Million
55633 50895 61900 50895 63200
Military Expenditure 4295.10
USD Million
6178 4367 6178 4302 6091
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 101.50
Index Points
113 114 114 106 118
Industrial Production 3.00
percent
4.1 4.4 5.1 4.8 4.8
Industrial Production Mom -4.37
percent
2 0.74 3.1 0.53 1.1
Manufacturing Production 4.70
percent
6.2 6.4 6.4 6.04 6.9
Capacity Utilization 79.00
percent
83 74.47 75.2 74.26 85.8
Changes in Inventories 887.00
MYR Million
490 -2021 -1100 -1752 -4610
Car Production 35220.00
Units
46100 48741 48700 46033 52800
Car Registrations 101489.00
100500 95730 116000 95644 146000
Leading Economic Index 0.80
percent
1 1.3 1 0.18 1.8
Internet Speed 8945.38
KBps
11519 12008 12489 12963 17684
IP Addresses 1704176.00
IP
1727463 1729910 1731256 1734323 1748403
Manufacturing Pmi 49.50
51 51.2 50.1 50 51.8
Mining Production -1.60
percent
1.3 1.3 1.4 1.03 1.6
Cement Production 1314.00
Thousands of Tonnes
1800 1485 2010 1476 2100
Coincident Index 132.90
Index Points
131 132 133 131 138
Competitiveness Index 5.17
Points
5.28 5.14 5.28 5.19 5.35
Competitiveness Rank 23.00
24 24 24 24 22
Ease of Doing Business 24.00
18.2 24 18.2 24 19
Corruption Index 47.00
Points
55 47 55 47 60
Corruption Rank 62.00
50 60 50 62 45
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 82.60
Index Points
80 76.92 87 77.3 103
Consumer Spending 160790.00
MYR Million
157795 168377 167704 161270 185419
Bank Lending Rate 4.79
percent
4.6 4.97 4.8 4.97 4.9
Retail Sales Mom -0.20
percent
2.8 -0.39 3.1 0.4 2.7
Retail Sales Yoy 9.20
percent
7.8 7.9 7.1 6.1 6.9
Gasoline Prices 0.57
USD/Liter
0.53 0.49 0.46 0.53 0.31
Households Debt To Gdp 67.30
Percent
67.26 67.31 67.49 67.46 67.5
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 5.10
percent
4.9 5.35 6.2 5.35 7.7
Construction Output 7.70
percent
12.2 8.94 12 8.92 13
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 24.00
percent
24 24 24 24 24
Personal Income Tax Rate 28.00
percent
28 28 28 28 28
Sales Tax Rate 6.00
percent
6 6 6 6 6
Social Security Rate 20.00
percent
20 20 20 20 24
Social Security Rate For Companies 12.00
percent
13 12.15 13 12.29 13
Social Security Rate For Employees 8.00
percent
11 8 11 8 11
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 306.58
mm
234 218 332 237 261
Temperature 25.98
celsius
26.37 26.03 25.42 25.67 26.43