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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.60 1.4 1.4 0.5 1.5 1.6 percent
Unemployment Rate 3.30 3.2 3.2 3.1 3.1 3.1 percent
Inflation Rate 0.30 1.9 2.2 1.9 1.7 2.1 percent
Interest Rate 3.25 3.25 3.5 3.5 3.5 3.5 percent
Balance of Trade 15300.00 8000 10200 11700 8950 10200 MYR Million
Government Debt to GDP 50.90 56 55 55 55 53 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 4.19
4.15 4.16 4.18 4.19 4.24
Stock Market 1706.38
points
1778 1763 1749 1734 1678
Government Bond 10Y 4.16
percent
4.12 4.14 4.17 4.19 4.29
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.60
percent
1.4 1.4 0.5 1.5 1.6
GDP Annual Growth Rate 4.40
percent
4.7 4.5 5.1 4.6 3.6
GDP 314.50
USD Billion
332 348 348 348 364
GDP Constant Prices 300089.00
MYR Million
322558 308576 315394 313893 349207
Gross National Product 291.20
MYR Billion
315 300 306 305 341
Gross Fixed Capital Formation 79177.00
MYR Million
75630 77721 83215 82819 81879
GDP per capita 11521.45
USD
11762 12001 12001 12001 12227
GDP per capita PPP 26808.16
USD
26901 27225 27225 27225 27956
GDP From Agriculture 21948.00
MYR Million
26800 23414 23067 22958 29014
GDP From Construction 13530.00
MYR Million
13980 14727 14220 14152 15135
GDP From Manufacturing 70844.00
MYR Million
73531 70372 74457 74103 79606
GDP From Mining 23832.00
MYR Million
26534 26175 25047 24928 28726
GDP From Services 166028.00
MYR Million
176885 169201 174495 173665 191500
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.30
percent
3.2 3.2 3.1 3.1 3.1
Employed Persons 14926.50
Thousand
14930 14950 14980 15010 15500
Unemployed Persons 516.40
Thousand
509 509 509 510 511
Labor Force Participation Rate 68.50
percent
68.7 68.8 69.1 69.2 70.7
Job Vacancies 246628.00
288000 352000 349000 347500 357000
Minimum Wages 1000.00
MYR/Month
1000 1100 1100 1100 1100
Wages in Manufacturing 3604.00
MYR/Month
3650 3690 3790 3820 4100
Population 32.05
Million
32.6 32.9 32.9 32.9 33.2
Retirement Age Women 60.00
60 60 60 60 60
Retirement Age Men 60.00
60 60 60 60 60
Wages 2880.00
MYR/Month
3020 3200 3200 3200 3400
Living Wage Family 1970.00
MYR/Month
1973 1988 1995 2002 1994
Living Wage Individual 1150.00
MYR/Month
1150 1153 1155 1157 1155
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 0.30
percent
1.9 2.2 1.9 1.7 2.1
Consumer Price Index CPI 120.50
Index Points
123 124 122 123 129
GDP Deflator 116.00
Index Points
123 118 119 122 132
Producer Prices 107.90
Index Points
110 109 108 110 115
Import Prices 120.20
Index Points
119 118 118 118 121
Food Inflation 0.50
percent
2.8 3.1 3.6 3.8 4.1
Producer Prices Change -0.20
percent
2.3 2.5 1.3 1.6 2.5
Inflation Rate Mom 0.40
percent
0.9 0.8 -0.3 0.5 0.3
Core Inflation Rate 0.30
percent
1.1 0.9 1.5 1.9 2.5
Export Prices 116.00
Index Points
115 115 115 116 118
CPI Housing Utilities 119.80
Index Points
120 121 121 122 126
CPI Transportation 117.20
Index Points
122 120 119 119 127
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 3.25
percent
3.25 3.5 3.5 3.5 3.5
Interbank Rate 3.65
percent
3.65 3.9 3.9 3.9 3.9
Money Supply M0 93837.40
MYR Million
97000 99000 100700 101500 105500
Money Supply M1 414426.80
MYR Million
416000 417500 419100 421000 437000
Money Supply M2 1795131.31
MYR Million
1805000 1820000 1840000 1870000 1960000
Money Supply M3 1804889.01
MYR Million
1810000 1830000 1850000 1870000 2040000
Foreign Exchange Reserves 105271.49
USD Million
104300 104700 105100 105800 108700
Banks Balance Sheet 2607539.61
MYR Million
2597000 2610000 2630000 2639000 2850000
Loans to Private Sector 1824311.40
MYR Million
1837000 1843000 1849000 1855000 1885000
Deposit Interest Rate 3.00
percent
3 3.25 3.25 3.25 3.25
Cash Reserve Ratio 3.50
percent
3.5 3.5 3.5 3.5 3.5
Central Bank Balance Sheet 450151.41
MYR Million
474000 477000 479000 481500 512000
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 15300.00
MYR Million
8000 10200 11700 8950 10200
Exports 83049.00
MYR Million
82900 83400 83100 82750 87000
Imports 67800.00
MYR Million
74900 73200 71400 73800 76800
Current Account 3784.00
MYR Million
12100 12700 11800 11500 13200
Current Account to GDP 1.30
percent
3 2.3 2.3 2.3 1.5
External Debt 936489.00
MYR Million
938000 941000 947000 953000 968000
Terms of Trade 96.50
Index Points
96.8 97.71 98.05 97.97 97.11
Tourism Revenues 82200.00
MYR Million
83300 83800 83800 83800 84100
Tourist Arrivals 2253534.00
2350000 2520000 2650000 2440000 2250000
Gold Reserves 37.60
Tonnes
37.6 37.6 37.4 37.4 37.8
Crude Oil Production 675.00
BBL/D/1K
668 661 657 666 667
Terrorism Index 3.33
3.1 3.3 3.3 3.3 2.9
Capital Flows 164.26
MYR Million
-2700 -7400 -12000 -5300 7800
Foreign Direct Investment 3949.00
MYR Million
12500 13700 9800 7500 15900
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 50.90
percent
56 55 55 55 53
Government Budget -3.00
percent of GDP
-2.9 -2.7 -2.7 -2.7 -2.6
Government Budget Value -10433.10
MYR Million
-6400 -3200 -5600 -500 2800
Government Spending 36616.00
MYR Million
50326 35343 38483 38300 54484
Government Revenues 52470.10
MYR Million
61000 56100 54500 60800 66000
Fiscal Expenditure 62903.20
MYR Million
52400 59300 60100 61300 63200
Military Expenditure 3505.40
USD Million
3600 3750 3750 3750 3870
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 116.30
Index Points
108 106 105 104 112
Industrial Production 2.30
percent
5.1 4.2 3.8 2.7 4.8
Industrial Production Mom -0.40
percent
-2.1 -0.7 1.8 3.2 1.1
Manufacturing Production 4.80
percent
6.4 4.9 5.2 5.5 6.9
Changes in Inventories -2812.00
MYR Million
-900 2300 -3700 1500 -4610
Car Production 33436.00
Units
35700 41948 41943 40003 42800
Car Registrations 129954.00
106000 111000 115000 119000 146000
Leading Economic Index 0.30
percent
1 0.4 -0.3 -0.9 1.8
Internet Speed 8945.38
KBps
12500 12900 13300 14100 16200
IP Addresses 1704176.00
IP
1640000 1690000 1660000 1610000 1840000
Mining Production -6.20
percent
1.4 0.8 1.2 1.4 1.6
Manufacturing Pmi 49.20
50.2 50.7 51.3 51.5 49.2
Cement Production 1483.00
Thousands of Tonnes
1600 1580 1530 1490 1900
Coincident Index 136.70
Index Points
136 136 137 137 139
Competitiveness Index 74.38
Points
74.88 74.88 74.88 74.88 77.38
Competitiveness Rank 25.00
25 25 25 25 25
Ease of Doing Business 15.00
22 21 21 21 24
Corruption Index 47.00
Points
47 47 47 47 47
Corruption Rank 62.00
62 62 62 62 62
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence 132.90
Index Points
117 112 118 120 113
Consumer Spending 165795.00
MYR Million
168389 169883 174251 173422 182301
Bank Lending Rate 4.93
percent
4.93 5.18 5.18 5.18 5.18
Retail Sales Mom -5.30
percent
2.9 2.1 1.3 0.7 2.7
Retail Sales Yoy 10.50
percent
7.1 7.7 8.2 8.5 6.9
Gasoline Prices 0.53
USD/Liter
0.52 0.51 0.5 0.49 0.46
Households Debt To GDP 67.10
percent of GDP
66.8 66.6 66.4 66.3 65.7
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 1.70
percent
6.2 7.8 7.3 6.9 7.7
Construction Output 5.20
percent
12 11.3 10.7 10.1 13
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 10.00
percent
10 10 10 10 10
Social Security Rate 20.00
percent
20 20 20 20 20
Social Security Rate For Companies 12.00
percent
12 12 12 12 12
Social Security Rate For Employees 8.00
percent
8 8 8 8 8
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 306.58
mm
332 237 260 260 261
Temperature 25.98
celsius
25.42 25.67 26.14 26.14 26.43



Malaysia - Economic Forecasts - 2018-2020 Outlook