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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.40 1.1 1.4 1.4 1.3 1.6 percent
Unemployment Rate 3.30 3.5 3.7 3.7 3.8 4.1 percent
Inflation Rate 0.80 1.9 2.1 2 1.9 3.1 percent
Interest Rate 3.25 3.25 3.25 3.5 3.5 3.5 percent
Balance of Trade 8116.21 10279 9618 10035 12549 11000 MYR Million
Government Debt to GDP 50.90 56 56 55 55 53 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 4.06
4.08 4.11 4.15 4.19 4.34
Stock Market 1760.67
points
1650 1612 1575 1540 1404
Government Bond 10Y 4.12
percent
4.29 4.36 4.44 4.51 4.83
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.40
percent
1.1 1.4 1.4 1.3 1.6
GDP Annual Growth Rate 5.40
percent
4.8 4.3 4.5 4.9 5.6
GDP 314.50
USD Billion
332 332 348 348 349
GDP Constant Prices 295288.00
MYR Million
305871 321325 308576 301378 355268
Gross National Product 286.90
MYR Billion
300 314 300 296 347
Gross Fixed Capital Formation 74374.00
MYR Million
76227 75341 77721 81263 83300
GDP per capita 11521.45
USD
11762 11762 12001 12001 12527
GDP per capita PPP 26808.16
USD
26901 26901 27225 27225 27956
GDP From Agriculture 22406.00
MYR Million
26690 26698 23414 23614 29518
GDP From Construction 14093.00
MYR Million
14205 13926 14727 13550 15397
GDP From Manufacturing 67342.00
MYR Million
69782 73250 70372 70813 80987
GDP From Mining 25048.00
MYR Million
24284 26433 26175 25559 29225
GDP From Services 161915.00
MYR Million
166574 176210 169201 163593 194823
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.30
percent
3.5 3.7 3.7 3.8 4.1
Employed Persons 14852.60
Thousand
14847 14885 14864 14866 15500
Unemployed Persons 504.80
Thousand
507 509 509 509 511
Labor Force Participation Rate 68.40
percent
68.3 68.5 68.4 68.7 70
Job Vacancies 303821.00
342779 280000 352808 344842 357000
Minimum Wages 1000.00
MYR/Month
1100 1100 1200 1200 1400
Wages in Manufacturing 3562.00
MYR/Month
3500 3550 3600 3650 4100
Population 32.05
Million
32.52 32.64 32.71 32.79 33.86
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
2620 2620 2750 2750 2870
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.80
percent
1.9 2.1 2 1.9 3.1
Consumer Price Index CPI 119.60
Index Points
123 123 123 122 130
GDP Deflator 116.00
Index Points
117 123 118 119 132
Producer Prices 107.10
Index Points
107 110 109 108 123
Import Prices 116.80
Index Points
117 131 132 138 152
Food Inflation 2.20
percent
4.1 3.8 3.3 3.8 4.1
Producer Prices Change -0.40
percent
-0.8 2.3 2.8 3.49 6.7
Inflation Rate Mom -1.20
percent
0.3 0.4 0.2 0.4 0.3
Core Inflation Rate 0.10
percent
1.6 2.2 1.8 1.5 2.5
Export Prices 113.30
Index Points
113 113 114 112 116
CPI Housing Utilities 118.40
Index Points
120 120 121 121 126
CPI Transportation 116.80
Index Points
119 122 120 119 128
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 3.25
percent
3.25 3.25 3.5 3.5 3.5
Interbank Rate 3.65
percent
3.65 3.65 3.9 3.9 3.9
Money Supply M0 97729.04
MYR Million
99848 101120 103076 104687 119500
Money Supply M1 417393.44
MYR Million
425360 431068 436758 442425 457949
Money Supply M2 1771082.81
MYR Million
1800142 1870000 1840155 1860091 2050000
Money Supply M3 1781296.08
MYR Million
1811216 1831610 1852004 1872325 2071028
Foreign Exchange Reserves 111264.41
USD Million
111516 102500 111729 105750 106000
Banks Balance Sheet 2544247.54
MYR Million
2580633 2606574 2632254 2657726 2901250
Loans to Private Sector 1790210.35
MYR Million
1826010 1851872 1877489 1902922 2148778
Deposit Interest Rate 3.00
percent
3 3 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 448551.77
MYR Million
447677 474000 477567 477563 512000
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 8116.21
MYR Million
10279 9618 10035 12549 11000
Exports 82100.00
MYR Million
84138 83618 83970 84001 87000
Imports 74000.00
MYR Million
73859 74000 73935 71453 76000
Current Account 14977.00
MYR Million
13141 14252 13894 12674 13200
Current Account to GDP 1.30
percent
3 3 3.3 3.3 3.7
External Debt 893408.61
MYR Million
909176 916334 923379 930260 958567
Terms of Trade 97.00
Index Points
96.33 86.26 85.83 81.21 76.32
Tourism Revenues 82200.00
MYR Million
85134 76000 77242 78599 78300
Tourist Arrivals 1957248.00
2041800 2950000 2557400 2756400 3340000
Gold Reserves 37.60
Tonnes
37.76 42 37.74 37.67 44.5
Crude Oil Production 662.00
BBL/D/1K
664 668 663 662 667
Terrorism Index 3.33
3.07 3.74 3.32 3.28 3.57
Capital Flows 15211.07
MYR Million
-5311 -4443 -2123 -5010 -8700
Foreign Direct Investment 11980.00
MYR Million
11274 12500 11308 9212 15900
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 50.90
percent
56 56 55 55 53
Government Budget -3.00
percent of GDP
-3.23 -4.1 -3.28 -3.34 -3.3
Government Budget Value -582.60
MYR Million
6655 -6400 -2560 -2767 2800
Government Spending 33821.00
MYR Million
36377 50134 35343 37242 55430
Government Revenues 54323.70
MYR Million
61062 55500 56837 57360 66000
Fiscal Expenditure 54906.30
MYR Million
54407 61900 59397 60127 63200
Military Expenditure 3505.40
USD Million
3419 6178 3146 3182 6091
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 98.60
Index Points
104 108 102 105 118
Industrial Production 3.00
percent
4.4 5.1 2.9 3.2 4.8
Industrial Production Mom 0.20
percent
0.22 3.1 0.2 0.7 1.1
Manufacturing Production 4.10
percent
6.1 6.4 4.9 5.2 6.9
Changes in Inventories -5004.00
MYR Million
-1137 -1100 -3829 -1367 -4610
Car Production 40720.00
Units
38065 35700 41948 41943 42800
Car Registrations 100150.00
97340 116000 96852 99883 146000
Leading Economic Index 0.10
percent
1.3 1 0.16 0.34 1.8
Internet Speed 8945.38
KBps
12008 12489 12963 13429 17684
IP Addresses 1704176.00
IP
1729910 1731256 1734323 1737981 1748403
Manufacturing Pmi 49.50
51.2 50.1 50 50 51.8
Mining Production -0.50
percent
1.3 1.4 0.8 1.2 1.6
Cement Production 1403.00
Thousands of Tonnes
1455 2010 1469 1468 2100
Coincident Index 133.20
Index Points
134 133 134 134 138
Competitiveness Index 5.17
Points
5.14 5.28 5.18 5.19 5.35
Competitiveness Rank 23.00
23 24 23 23 22
Ease of Doing Business 24.00
23 18.2 18.5 18.5 19
Corruption Index 47.00
Points
47 55 58 58 60
Corruption Rank 62.00
61 50 48 48 45
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 91.00
Index Points
86.92 87 84.38 83.89 103
Consumer Spending 162567.00
MYR Million
168438 167746 169883 161105 185465
Bank Lending Rate 4.97
percent
4.97 4.97 5.22 5.22 5.22
Retail Sales Mom 4.50
percent
-1.08 3.1 1.07 1.01 2.7
Retail Sales Yoy 9.30
percent
7.9 7.1 6.1 8.2 6.9
Gasoline Prices 0.54
USD/Liter
0.51 0.48 0.46 0.43 0.24
Households Debt To Gdp 67.20
Percent
67.49 67.7 67.65 67.74 67.67
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 5.80
percent
7.25 6.2 7.49 7.31 7.7
Construction Output 5.90
percent
8.17 12 10.57 10.51 13
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 0.00
percent
10 10 10 10 10
Social Security Rate 20.00
percent
20 20 18.5 18 24
Social Security Rate For Companies 12.00
percent
12.02 13 12 12 12
Social Security Rate For Employees 8.00
percent
8 11 8 8 8
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 306.58
mm
218 332 237 260 261
Temperature 25.98
celsius
26.03 25.42 25.67 26.14 26.43