Markets Actual Q4 Q1 Q2 Q3 2022
Currency 4.16 4.19 4.2 4.21 4.22 4.25
Stock Market (points) 1583.91 1531 1499 1467 1436 1376
Government Bond 10Y (%) 3.62 3.67 3.73 3.78 3.84 3.95

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -2.00 2 1.5 1.5 1.5 1.5
GDP Annual Growth Rate (%) 16.10 3 5 3.9 6.5 5
Unemployment Rate (%) 4.60 4.5 4.5 4 3.8 4
Inflation Rate (%) 2.00 2.3 2.5 2 1.5 2
Interest Rate (%) 1.75 1.75 1.75 1.75 2 2
Balance of Trade (MYR Million) 21388.00 12200 24640 17800 20370 19820
Current Account (MYR Million) 14411.00 16500 15000 15000 12000 14500
Current Account to GDP (% of GDP) 1.00 3 2 2 2 2
Government Debt to GDP (% of GDP) 60.70 65 60 60 60 60
Government Budget (% of GDP) -3.20 -6 -4.3 -4.3 -4.3 -4.3
Business Confidence (points) 87.50 105 110 105 105 105
Consumer Confidence (points) 64.30 95 105 105 105 105
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 2022
GDP Growth Rate (%) -2.00 2 1.5 1.5 1.5 1.5
GDP Annual Growth Rate (%) 16.10 3 5 3.9 6.5 5
GDP (USD Billion) 336.66 359 380 380 380 380
GDP Constant Prices (MYR Million) 336345.00 355249 365406 360220 349462 383676
Gross National Product (MYR Billion) 331.40 345 362 358 344 380
Gross Fixed Capital Formation (MYR Million) 71450.00 79750 72342 77127 74237 75959
GDP per capita (USD) 11637.35 12500 12900 12900 12900 12900
GDP per capita PPP (USD) 26435.17 27220 28590 28590 28590 28590
GDP From Agriculture (MYR Million) 24130.00 28061 24948 23818 25071 26195
GDP From Construction (MYR Million) 12589.00 15081 14599 14487 13080 15329
GDP From Manufacturing (MYR Million) 81699.00 81011 86124 85868 84885 90430
GDP From Mining (MYR Million) 23992.00 28038 24109 25316 24928 25314
GDP From Services (MYR Million) 189890.00 198855 211062 206536 197296 221616

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 4.60 4.5 4.5 4 3.8 4
Unemployed Persons (Thousand ) 748.80 640 640 640 640 590
Labor Force Participation Rate (%) 68.40 69 70 70 70 70
Job Vacancies 681119.00 404513 324813 324813 324813 306789
Minimum Wages (MYR/Month) 1200.00 1200 1300 1300 1300 1300
Wages in Manufacturing (MYR/Month) 3255.00 3890 3840 3840 3840 4150
Population (Million) 32.73 33.45 33.8 33.8 33.8 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) 2933.00 3620 3840 3840 3840 3840

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.00 2.3 2.5 2 1.5 2
Consumer Price Index CPI (points) 122.50 123 126 126 124 126
Producer Prices (points) 113.20 111 114 112 115 116
Import Prices (points) 120.60 120 120 120 120 120
Food Inflation (%) 1.20 3 3.5 3.5 3.5 3.5
Inflation Rate Mom (%) 0.00 0.2 0.2 0.2 0.2 0.3
Producer Prices Change (%) 11.30 8 2.5 2.5 2.5 2.5
Core Inflation Rate (%) 0.60 2.5 2.1 2.1 2.1 2.5
Export Prices (points) 127.40 117 118 118 118 118
CPI Housing Utilities (points) 118.80 121 125 124 121 123
CPI Transportation (points) 114.60 115 115 115 116 116

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.75 1.75 1.75 1.75 2 2
Interbank Rate (%) 1.94 1.94 1.94 1.94 2.19 2.19
Money Supply M1 (MYR Million) 551831.45 616728 639907 639907 639907 717172
Money Supply M2 (MYR Million) 2098883.99 2104409 2121132 2121132 2121132 2171300
Money Supply M3 (MYR Million) 2104909.83 2138640 2154789 2177348 2177348 2234720
Foreign Exchange Reserves (USD Million) 116463.00 112542 113474 113474 113474 104564
Banks Balance Sheet (MYR Million) 2981870.56 3182009 3201358 3201358 3201358 3372219
Loans to Private Sector (MYR Million ) 2075968.50 2107638 2166824 2150693 2210906 2213020
Deposit Interest Rate (%) 1.96 2.9 1.96 1.96 1.96 1.96
Cash Reserve Ratio (%) 2.00 2 2 2 2 3
Central Bank Balance Sheet (MYR Million) 536798.24 52116270 52813157 52813157 52813157 531917

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (MYR Million) 21388.00 12200 24640 17800 20370 19820
Current Account (MYR Million) 14411.00 16500 15000 15000 12000 14500
Current Account to GDP (% of GDP) 1.00 3 2 2 2 2
Imports (MYR Million) 74199.00 72800 72500 72500 72500 75500
Exports (MYR Million) 95587.00 97000 95320 105870 99870 95320
External Debt (MYR Million) 1020664.70 1000030 1026504 1026504 1026504 1026504
Terms of Trade (points) 105.60 97.5 98.33 98.33 98.33 98.33
Tourism Revenues (MYR Million) 12688.20 60015 75550 75550 75550 75550
Tourist Arrivals 9645.00 1550000 1550000 1550000 1550000 2000000
Gold Reserves (Tonnes) 38.88 40 40 40 40 40
Crude Oil Production (BBL/D/1K) 526.03 600 600 600 600 600
Foreign Direct Investment (MYR Million) 8243.00 8000 10000 10000 10000 10000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 60.70 65 60 60 60 60
Government Budget (% of GDP) -3.20 -6 -4.3 -4.3 -4.3 -4.3
Government Budget Value (MYR Million) 1723.80 2800 750 2400 2400 2400
Government Spending (MYR Million) 43971.00 55044 57199 45040 45686 60059
Government Revenues (MYR Million) 56891.10 61050 65500 65500 65500 65500
Fiscal Expenditure (MYR Million) 55167.30 60300 63100 63100 63100 63100
Military Expenditure (USD Million) 3910.00 3870 3870 3870 3870 3870

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 87.50 105 110 105 105 105
Industrial Production (%) -0.70 5 3.5 3.5 3.5 5
Industrial Production Mom (%) 1.60 1.1 1 1 1 2.5
Manufacturing Production (%) 29.80 5.5 3.5 3.5 3.5 6.9
Changes in Inventories (MYR Million) 15800.00 -4100 -4500 -4500 -4500 -4810
Car Production (Units) 2396.00 40500 41000 41000 41000 40500
Car Registrations 28594.00 130000 110000 110000 110000 150000
Leading Economic Index (%) -0.60 1.1 1.5 1.5 1.5 1.8
Manufacturing PMI (points) 48.10 51 52 52 52 51
Mining Production (%) 20.70 3 3 3 3 3
Cement Production (Thousands of Tonnes ) 1130.00 1500 1500 1500 1500 1500
Coincident Index (points) 103.80 119 121 121 121 122

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 64.30 95 105 105 105 105
Consumer Spending (MYR Million) 185135.00 192218 211948 219714 192355 222545
Bank Lending Rate (%) 3.40 3.4 3.4 3.4 3.65 3.65
Retail Sales Mom (%) 2.90 1.5 1 1 1 3
Retail Sales Yoy (%) -7.50 3.5 2.5 2.5 2.5 6.9
Households Debt To GDP (% of GDP) 76.80 71 73 73 73 75
Gasoline Prices (USD/Liter) 0.49 0.47 0.44 0.42 0.4 0.38

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (%) -1.20 3.5 1.5 1.5 1.5 3.5
Construction Output (%) 42.60 6 3.5 5 5 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.