27, Apr 2015, EDT. Welcome to the Malaysia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Malaysia › Change country
National or Regional Currency: Malaysian Ringgit (or Malaysian Dollar), MYR
Year of data: 2014 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 30,073,353 (July 2014 est.)
Area: total: 329,847 sq km ; land: 328,657 sq km ; water: 1,190 sq km
Natural Resources: tin, petroleum, timber, copper, iron ore, natural gas, bauxite
Capital: name: Kuala Lumpur; note - Putrajaya is referred to as an administrative center not the capital; Parliament meets in Kuala Lumpur ; geographic coordinates: 3 10 N, 101 42 E ; time difference: UTC+8 (13 hours ahead of Washington, DC, during Standard Time)
Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. NAJIB's Economic Transformation Program (ETP) is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Nevertheless, exports - particularly of electronics, oil and gas, palm oil and rubber - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with sustained budget deficits, has forced Kuala Lumpur to begin to address fiscal shortfalls, through initial reductions in energy and sugar subsidies and the announcement of the 2015 implementation of a 6% goods and services tax. The government is also trying to lessen its dependence on state oil producer Petronas. The oil and gas sector supplies about 32% of government revenue in 2013. Bank Negara Malaysia (central bank) maintains healthy foreign exchange reserves, and a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments and the global financial crisis. Nevertheless, Malaysia could be vulnerable to a fall in commodity prices or a general slowdown in global economic activity because exports are a major component of GDP. In order to attract increased investment, NAJIB earlier raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program (BEEP), policies that favor and advance the economic condition of ethnic Malays.
More on the Malaysia Economy
More on the Malaysia Export, Import and Trade
GDP (Constant Prices, National Currency) for Malaysia in year 2014 is MYR 834.082 Billion.
GDP (Current Prices, National Currency) for Malaysia in year 2014 is MYR 1,078.12 Billion.
GDP (Current Prices, US Dollars) for Malaysia in year 2014 is US$ 336.913 Billion.
GDP Deflator for Malaysia in year 2014 is 129.258 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, National Currency) for Malaysia in year 2014 is MYR 35,398.54 .
GDP Per Capita (Current Prices, US Dollars) for Malaysia in year 2014 is US$ 11,062.04 .
GDP (PPP), US Dollars for Malaysia in year 2014 is US$ 746.821 Billion.
GDP Per Capita (PPP), US Dollars for Malaysia in year 2014 is US$ 24,520.78 .
Investment (% of GDP) for Malaysia in year 2014 is 26.736 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Malaysia in year 2014 is 110.223 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Malaysia in year 2014 is 112.058 (Index, Base Year 2000 = 100).
Population for Malaysia in year 2014 is 30.457 Million .
General government revenue (National Currency) for Malaysia in year 2014 is MYR 258.818 Billions.
General government total expenditure (National Currency) for Malaysia in year 2014 is MYR 297.874 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Malaysia in year 2014 is MYR -39.056 Billions.
General Government Structural Balance (National Currency) for Malaysia in year 2014 is MYR -41.981 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Malaysia in year 2014 is MYR 1,078.12 Billions.
Current Account Balance (US Dollars) for Malaysia in year 2014 is US$ 14.557 Billion.
|Number of Internet Users for Malaysia|
|Internet Penetration Rate for Malaysia|
|Number of Facebook Accounts for Malaysia|
|Facebook Penetration Rate for Malaysia|
|Corruption Perceptions Index Rank and Score for Malaysia|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International