Markets Actual Q4 Q1 Q2 Q3 2021
Currency 4.15 4.16 4.17 4.19 4.2 4.22
Stock Market (points) 1493.40 1475 1456 1436 1417 1379
Government Bond 10Y (%) 2.63 2.68 2.7 2.73 2.75 2.8

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -16.50 2.5 1.5 1 1 1
GDP Annual Growth Rate (%) -17.10 -3.2 3.2 14 4.5 6.5
Unemployment Rate (%) 4.70 4.5 4.3 4.3 4.1 4
Inflation Rate (%) -1.40 -0.2 1.2 2.5 2.1 2
Interest Rate (%) 1.75 1.5 1.5 1.5 1.75 2.25
Balance of Trade (MYR Million) 21970.00 11200 11200 597200 -2580 12200
Current Account (MYR Million) 7556.00 8800 9300 9800 10350 10500
Current Account to GDP (%) 3.30 0.5 1.5 1.5 1.5 1.5
Government Debt to GDP (%) 52.50 53 55 55 55 55
Government Budget (% of GDP) -3.20 -7.5 -6.9 -6.9 -6.9 -6.9
Business Confidence (points) 60.00 68 73 75 80 85
Consumer Confidence (points) 90.00 80 81 83 85 80
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -16.50 2.5 1.5 1 1 1
GDP Annual Growth Rate (%) -17.10 -3.2 3.2 14 4.5 6.5
GDP (USD Billion) 364.70 333 359 359 359 359
GDP Constant Prices (MYR Million) 289564.00 358284 355168 330103 302594 381572
Gross National Product (MYR Billion) 289.20 348 352 330 302 371
Gross Fixed Capital Formation (MYR Million) 61337.00 77732 78413 69924 64097 82785
GDP per capita (USD) 12478.20 12150 12500 12500 12500 12500
GDP per capita PPP (USD) 28350.60 26150 27220 27220 27220 27220
GDP From Agriculture (MYR Million) 24527.00 23786 23223 27961 25631 25332
GDP From Construction (MYR Million) 8916.00 16045 15841 10164 9317 17087
GDP From Manufacturing (MYR Million) 64512.00 79124 79201 73544 67415 84267
GDP From Mining (MYR Million) 20891.00 25521 26063 23816 21831 27180
GDP From Services (MYR Million) 167439.00 210008 207500 190880 174974 223658

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.70 4.5 4.3 4.3 4.1 4
Unemployed Persons (Thousand ) 741.60 748 674 663 658 640
Labor Force Participation Rate (%) 68.40 68 68 69 69 69
Job Vacancies 47431.00 108408 128408 141333 172555 204513
Minimum Wages (MYR/Month) 1200.00 1200 1200 1200 1200 1200
Wages in Manufacturing (MYR/Month) 3247.00 3950 4180 4223 4295 4380
Population (Million) 32.60 33.1 33.45 33.45 33.45 33.45
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Wages (MYR/Month) 3224.00 3410 3620 3620 3620 3620

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -1.40 -0.2 1.2 2.5 2.1 2
Consumer Price Index CPI (points) 120.10 122 122 122 123 124
Producer Prices (points) 101.20 108 109 105 106 111
Import Prices (points) 113.40 116 118 119 119 120
Food Inflation (%) 1.40 2.5 2.5 3 3 3.5
Inflation Rate Mom (%) 0.00 0.3 0.2 0.2 0.2 0.3
Producer Prices Change (%) -3.90 1.5 2.5 5.5 4 2.5
Core Inflation Rate (%) 1.00 1.5 1.5 3 2.5 2.5
Export Prices (points) 109.70 113 115 115 117 117
CPI Housing Utilities (points) 118.10 122 124 121 121 124
CPI Transportation (points) 103.20 115 105 100 105 117

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 1.75 1.5 1.5 1.5 1.75 2.25
Interbank Rate (%) 1.95 3.65 1.48 1.48 1.48 3.65
Money Supply M1 (MYR Million) 502304.03 502602 513659 524715 535674 546827
Money Supply M2 (MYR Million) 2026995.31 2053269 2080907 2108545 2447859 2154608
Money Supply M3 (MYR Million) 2031377.15 2076132 2076132 2090600 2111264 2138640
Foreign Exchange Reserves (USD Million) 106909.34 105110 105042 104974 104922 104837
Banks Balance Sheet (MYR Million) 2901479.02 2991799 3039351 3086904 3134172 3182009
Loans to Private Sector (MYR Million ) 2020700.21 1913215 2050510 2286619 2111632 2037574
Deposit Interest Rate (%) 2.98 2.9 2.48 2.48 2.48 2.9
Cash Reserve Ratio (%) 2.00 2 2 2 2 2
Central Bank Balance Sheet (MYR Million) 499840.58 490611 495774 500937 550321 511264

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (MYR Million) 21970.00 11200 11200 597200 -2580 12200
Current Account (MYR Million) 7556.00 8800 9300 9800 10350 10500
Current Account to GDP (%) 3.30 0.5 1.5 1.5 1.5 1.5
Imports (MYR Million) 66957.00 65800 70800 71830 71500 72800
Exports (MYR Million) 88927.00 67300 668000 69250 70500 71000
External Debt (MYR Million) 1002956.00 973556 980174 986793 989653 1000030
Terms of Trade (points) 96.70 97.11 97.41 97.46 96.64 97.11
Tourism Revenues (MYR Million) 86143.50 35050 60015 60015 60015 60015
Tourist Arrivals 6585.00 995000 995000 1000000 1200000 1550000
Gold Reserves (Tonnes) 38.90 39 39 39 39 40
Crude Oil Production (BBL/D/1K) 495.00 600 600 660 670 670
Foreign Direct Investment (MYR Million) 2231.00 4700 11500 10900 9500 11900

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 52.50 53 55 55 55 55
Government Budget (% of GDP) -3.20 -7.5 -6.9 -6.9 -6.9 -6.9
Government Budget Value (MYR Million) -8177.00 2800 -6200 -3000 -2100 2800
Government Spending (MYR Million) 40364.00 52709 41822 46015 42180 56135
Government Revenues (MYR Million) 56449.40 55000 57500 57900 58100 61050
Fiscal Expenditure (MYR Million) 64626.40 61200 60500 60000 59500 60300
Military Expenditure (USD Million) 3208.00 3050 3050 3870 3870 3870

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 23.00 23 23 23 23 23
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 11.00 11 11 11 11 11

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 60.00 68 73 75 80 85
Industrial Production (%) 0.30 3.5 5.2 6 4.3 5
Industrial Production Mom (%) -1.20 1.5 1.5 1.3 1.3 2
Manufacturing Production (%) 2.40 3.5 4.5 6.9 5.5 6.9
Changes in Inventories (MYR Million) 7315.00 -2500 -4650 -5500 -4100 -4610
Car Production (Units) 47934.00 31000 35000 37500 38000 40500
Car Registrations 115666.00 85000 96350 99100 99100 120000
Leading Economic Index (%) -0.50 1.8 1.8 2 1.1 1.8
Manufacturing Pmi (points) 49.00 49.2 49.7 50 51 49.4
Mining Production (%) -6.70 1.6 2.5 5.5 4.5 3
Cement Production (Thousands of Tonnes ) 1871.00 1200 1100 1200 1300 1500
Coincident Index (points) 112.00 109 111 112 115 119

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 90.00 80 81 83 85 80
Consumer Spending (MYR Million) 165783.00 207808 219049 188993 173243 221316
Bank Lending Rate (%) 3.64 5.02 3.2 3.2 3.2 5.02
Retail Sales Mom (%) 2.30 2.5 2.5 3.5 1.5 3
Retail Sales Yoy (%) -1.50 4 5.5 6 3.5 6.9
Households Debt To GDP (% of GDP) 68.00 69.5 70 70 70 71
Gasoline Prices (USD/Liter) 0.40 0.46 0.33 0.32 0.3 0.43

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (%) 0.40 1 2.5 3 3 3.5
Construction Output (%) -44.90 5 8 20 7 6


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.