Markets Actual Q1 Q2 Q3 Q4 2022
Currency 4.11 4.1 4.11 4.12 4.13 4.15
Stock Market (points) 1611.81 1602 1581 1560 1540 1498
Government Bond 10Y (%) 3.34 3.32 3.35 3.38 3.41 3.48

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -0.30 1 1.5 1 1 1
GDP Annual Growth Rate (%) -3.40 -0.7 14 4.5 6.5 4.5
Unemployment Rate (%) 4.90 5 5.2 4.6 4 4
Inflation Rate (%) -0.20 -0.5 1.2 2.1 2 1.9
Interest Rate (%) 1.75 1.75 1.75 1.5 1.5 2
Balance of Trade (MYR Million) 16603.00 11200 597200 -2580 12200 12200
Current Account (MYR Million) 18965.00 9300 9800 10350 10500 11000
Current Account to GDP (%) 1.90 2 2 2 2 2
Government Debt to GDP (%) 52.70 58 58 58 58 54
Government Budget (% of GDP) -3.20 -5.4 -5.4 -5.4 -5.4 -4.3
Business Confidence (points) 60.00 73 75 80 85 96
Consumer Confidence (points) 90.00 81 83 85 80 88
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -0.30 1 1.5 1 1 1
GDP Annual Growth Rate (%) -3.40 -0.7 14 4.5 6.5 4.5
GDP (USD Billion) 364.68 359 359 359 359 380
GDP Constant Prices (MYR Million) 357365.00 341746 330103 366732 373751 390570
Gross National Product (MYR Billion) 353.90 339 330 361 377 394
Gross Fixed Capital Formation (MYR Million) 70750.00 75450 69924 75919 75349 78739
GDP per capita (USD) 12478.20 12500 12500 12500 12500 12900
GDP per capita PPP (USD) 28350.60 27220 27220 27220 27220 28590
GDP From Agriculture (MYR Million) 24399.00 22345 27961 29101 29658 30993
GDP From Construction (MYR Million) 14278.00 15243 10164 15530 15827 16539
GDP From Manufacturing (MYR Million) 84229.00 76208 73544 86283 87934 91891
GDP From Mining (MYR Million) 23578.00 25078 23816 22591 23023 24059
GDP From Services (MYR Million) 206418.00 199659 190880 209018 213018 222604

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 4.90 5 5.2 4.6 4 4
Unemployed Persons (Thousand ) 782.50 674 663 658 640 590
Labor Force Participation Rate (%) 68.50 68 69 69 69 70
Job Vacancies 454974.00 128408 141333 172555 204513 206789
Minimum Wages (MYR/Month) 1200.00 1200 1200 1200 1200 1300
Wages in Manufacturing (MYR/Month) 3533.00 3620 3740 3680 3890 4150
Population (Million) 32.73 33.45 33.45 33.45 33.45 33.8
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 3620 3620 3620 3620 3840

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.20 -0.5 1.2 2.1 2 1.9
Consumer Price Index CPI (points) 122.10 120 121 123 123 125
Producer Prices (points) 107.20 106 107 105 108 110
Import Prices (points) 113.50 118 119 119 120 120
Food Inflation (%) 1.50 2.5 3 3 3 3.5
Inflation Rate Mom (%) 1.20 0.2 0.2 0.2 0.2 0.3
Producer Prices Change (%) -0.10 3.5 6.5 4 2.5 2.5
Core Inflation Rate (%) 0.70 1.5 3 2.5 2.5 2.5
Export Prices (points) 114.80 115 115 117 117 118
CPI Housing Utilities (points) 121.30 122 119 121 121 123
CPI Transportation (points) 109.10 103 99.18 105 107 109

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.75 1.75 1.75 1.5 1.5 2
Interbank Rate (%) 1.94 1.94 1.94 1.69 1.69 2.19
Money Supply M1 (MYR Million) 535211.29 513659 524715 535674 546827 591051
Money Supply M2 (MYR Million) 2043093.48 2080907 2108545 2447859 2154608 2274066
Money Supply M3 (MYR Million) 2045652.10 2076132 2090600 2111264 2138640 2234720
Foreign Exchange Reserves (USD Million) 109194.28 105042 104974 104922 104837 104564
Banks Balance Sheet (MYR Million) 2938712.17 3039351 3086904 3134172 3182009 3372219
Loans to Private Sector (MYR Million ) 2050798.08 1973020 2286619 2123982 2179257 2277324
Deposit Interest Rate (%) 2.98 2.98 2.98 2.73 2.73 3.23
Cash Reserve Ratio (%) 2.00 2 2 2 2 3
Central Bank Balance Sheet (MYR Million) 490378.52 495774 500937 550321 511264 531917

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (MYR Million) 16603.00 11200 597200 -2580 12200 12200
Current Account (MYR Million) 18965.00 9300 9800 10350 10500 11000
Current Account to GDP (%) 1.90 2 2 2 2 2
Imports (MYR Million) 73023.00 70800 71830 71500 72800 76500
Exports (MYR Million) 89625.00 668000 69250 70500 71000 75000
External Debt (MYR Million) 958455.56 980174 986793 989653 1000030 1026504
Terms of Trade (points) 101.10 97.11 97.41 97.46 97.11 97.11
Tourism Revenues (MYR Million) 12688.20 60015 60015 60015 60015 75550
Tourist Arrivals 10568.00 995000 1000000 1200000 1550000 2000000
Gold Reserves (Tonnes) 38.88 39 39 39 40 40
Crude Oil Production (BBL/D/1K) 534.00 600 660 670 670 670
Foreign Direct Investment (MYR Million) 6140.00 11500 10900 9500 11900 13000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 52.70 58 58 58 58 54
Government Budget (% of GDP) -3.20 -5.4 -5.4 -5.4 -5.4 -4.3
Government Budget Value (MYR Million) 23160.00 2800 -6200 -3000 2800 2800
Government Spending (MYR Million) 55940.00 40241 46015 45326 59576 62257
Government Revenues (MYR Million) 76902.00 57500 57900 58100 61050 65500
Fiscal Expenditure (MYR Million) 53742.00 60500 60000 59500 60300 63100
Military Expenditure (USD Million) 3208.00 3050 3870 3870 3870 3870

Taxes Actual Q1 Q2 Q3 Q4 2022
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 (%) 21.00 23 23 23 23 23
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 9.00 11 11 11 11 11

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 60.00 73 75 80 85 96
Industrial Production (%) 1.70 5.2 6 4.3 5 5
Industrial Production Mom (%) 4.70 1.5 1.3 1.3 2 2.5
Manufacturing Production (%) 4.10 4.5 6.9 5.5 5.5 6.9
Changes in Inventories (MYR Million) -1421.00 -4650 -5500 -4100 -4100 -4810
Car Production (Units) 50917.00 35000 37500 38000 40500 40500
Car Registrations 132660.00 96350 99100 99100 120000 120000
Leading Economic Index (%) -0.30 1.8 2 1.1 1.1 1.8
Manufacturing PMI (points) 47.70 49.7 50 51 51 51
Mining Production (%) -5.40 2.5 5.5 4.5 3 3
Cement Production (Thousands of Tonnes ) 2254.00 1100 1200 1300 1500 1500
Coincident Index (points) 113.70 111 112 115 119 122

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 90.00 81 83 85 80 88
Consumer Spending (MYR Million) 207284.00 210771 188993 223277 227550 237790
Bank Lending Rate (%) 3.44 3.44 3.44 3.19 3.19 3.69
Retail Sales Mom (%) 4.50 2.5 3.5 1.5 3 3
Retail Sales Yoy (%) -2.00 5.5 6 3.5 3.5 6.9
Households Debt To GDP (% of GDP) 74.70 70 70 70 71 75
Gasoline Prices (USD/Liter) 0.49 0.45 0.42 0.4 0.38 0.36

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (%) 0.80 2.5 3 3 3.5 3.5
Construction Output (%) -14.20 8 20 11 6 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.