Minimum Wages in Malaysia increased to 1200 MYR/Month in 2020 from 1100 MYR/Month in 2019.

Minimum Wages in Malaysia averaged 1000 MYR/Month from 2013 until 2020, reaching an all time high of 1200 MYR/Month in 2020 and a record low of 900 MYR/Month in 2014. This page provides - Malaysia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Minimum Monthly Wages - values, historical data and charts - was last updated on August of 2020. source: Ministry of Human Resources Malaysia

Minimum Wages in Malaysia is expected to reach 1200.00 MYR/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Minimum Monthly Wages is projected to trend around 1200.00 MYR/Month in 2021 and 1300.00 MYR/Month in 2022, according to our econometric models.

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Malaysia Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
1200.00 1100.00 1200.00 900.00 2013 - 2020 MYR/Month Yearly

Malaysia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 5.00 5.30 2.70 percent [+]
Employed Persons 14887.90 14933.40 15344.50 5624.60 Thousand [+]
Unemployed Persons 826.10 778.80 826.10 210.50 Thousand [+]
Labor Force Participation Rate 68.00 68.10 69.00 62.30 percent [+]
Job Vacancies 47431.00 204513.00 745205.00 7850.00 [+]
Minimum Wages 1200.00 1100.00 1200.00 900.00 MYR/Month [+]
Wages in Manufacturing 3203.00 3146.00 3998.00 2391.00 MYR/Month [+]
Population 32.60 32.40 32.60 8.20 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Wages 3087.00 2879.00 3087.00 1814.00 MYR/Month [+]


Malaysia Minimum Monthly Wages
In Malaysia, minimum wage refers to lowest gross wage per month and it does not apply to apprentices and domestic servants. The minimum wage was was announced in October 2010 and introduced in January 2013 as one of the Government’s policy instruments vide New Economic Model (NEM) to ensure inclusiveness by transforming the economy from a middle-income to a high-income economy by the year 2020.