Markets Actual Q2 Q3 Q4 Q1 2023
Currency 4.40 4.42 4.45 4.47 4.5 4.55
Stock Market (points) 1436.70 1409 1383 1356 1331 1280
Government Bond 10Y (%) 4.19 4.24 4.28 4.33 4.38 4.47

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 3.90 1 1.3 1.3 1 1.2
GDP Annual Growth Rate (%) 5.00 5.9 6.4 5.8 5.1 4.8
Unemployment Rate (%) 3.90 4.4 4.2 4.2 3.8 3.6
Inflation Rate (%) 2.80 2.8 3.3 3.1 2.6 2.5
Interest Rate (%) 2.00 2 2.25 2.5 2.5 2.75
Balance of Trade (MYR Million) 12619.00 4537 -3110 -4870 5789 1510
Current Account (MYR Million) 2983.00 15000 12000 14500 14500 16500
Current Account to GDP (% of GDP) 1.00 2 2 2 2 2
Government Debt to GDP (% of GDP) 60.70 60 60 60 60 60
Government Budget (% of GDP) -3.20 -4.3 -4.3 -4.3 -4.3 -4.3
Business Confidence (points) 122.00 105 105 105 105 102
Consumer Confidence (points) 99.00 105 105 105 105 100
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 3.90 1 1.3 1.3 1 1.2
GDP Annual Growth Rate (%) 5.00 5.9 6.4 5.8 5.1 4.8
GDP (USD Billion) 336.66 380 380 380 380 440
GDP Constant Prices (MYR Million) 360239.00 356189 357307 392171 378611 410995
Gross National Product (MYR Billion) 346.60 351 350 381 364 400
Gross Fixed Capital Formation (MYR Million) 73632.00 75666 69189 72564 77387 76047
GDP per capita (USD) 10616.85 12900 12900 12900 12900 12900
GDP per capita PPP (USD) 26435.17 28590 28590 28590 28590 28590
GDP From Agriculture (MYR Million) 22604.00 25554 29222 26408 23757 27675
GDP From Construction (MYR Million) 12922.00 13332 12571 13294 13581 13932
GDP From Manufacturing (MYR Million) 87191.00 86519 87149 97241 91638 101908
GDP From Mining (MYR Million) 24066.00 25408 22274 24989 25293 26188
GDP From Services (MYR Million) 209560.00 201094 202623 225632 220248 236463

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 3.90 4.4 4.2 4.2 3.8 3.6
Unemployed Persons (Thousand ) 649.30 640 640 590 590 590
Labor Force Participation Rate (%) 69.40 70 70 70 70 70
Job Vacancies 1333677.00 324813 324813 306789 306789 306789
Minimum Wages (MYR/Month) 1500.00 1500 1500 1500 1500 1500
Wages in Manufacturing (MYR/Month) 3429.00 3804 3994 4074 4115 4240
Population (Million) 32.73 33.8 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 3840 3840 3840 3840 3920

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 2.80 2.8 3.3 3.1 2.6 2.5
Consumer Price Index CPI (points) 126.50 127 127 128 129 132
Producer Prices (points) 122.60 117 119 118 125 120
Import Prices (points) 129.00 120 120 120 120 120
Food Inflation (%) 5.20 3.5 3.5 3.5 3.5 3.5
Core Inflation Rate (%) 2.40 2.1 2.1 2.1 2.1 2.5
Export Prices (points) 143.00 118 118 118 118 118
CPI Housing Utilities (points) 123.20 125 123 126 126 129
CPI Transportation (points) 119.00 120 120 120 121 121
Inflation Rate Mom (%) 0.60 0.7 0.1 0.1 0.4 0.3
Producer Prices Change (%) 11.00 4.5 4.5 2 2 2

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 2.00 2 2.25 2.5 2.5 2.75
Interbank Rate (%) 2.27 2.27 2.52 2.77 2.77 3.02
Money Supply M1 (MYR Million) 603922.93 639907 639907 717172 717172 809889
Money Supply M2 (MYR Million) 2209303.37 2121132 2121132 2171300 2171300 2238190
Money Supply M3 (MYR Million) 2214987.73 2177348 2177348 2234720 2234720 2234720
Foreign Exchange Reserves (USD Million) 112464.15 113474 113474 104564 104564 119998
Banks Balance Sheet (MYR Million) 3162828.04 3213677 3245814 3278272 3311055 3411383
Loans to Private Sector (MYR Million ) 2152385.16 2192092 2224468 2241139 2256207 2348714
Deposit Interest Rate (%) 1.56 1.56 1.81 2.06 2.06 2.31
Cash Reserve Ratio (%) 2.00 2 2 3 3 3
Central Bank Balance Sheet (MYR Million) 534069.65 52813157 52813157 531917 531917 531917

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (MYR Million) 12619.00 4537 -3110 -4870 5789 1510
Current Account (MYR Million) 2983.00 15000 12000 14500 14500 16500
Current Account to GDP (% of GDP) 1.00 2 2 2 2 2
Imports (MYR Million) 107875.78 111333 102980 100190 92320 100889
Exports (MYR Million) 120494.00 115870 99870 95320 98109 102399
External Debt (MYR Million) 1111212.58 1026504 1026504 1026504 1026504 1026504
Terms of Trade (points) 110.90 98.33 98.33 98.33 98.33 98.33
Tourism Revenues (MYR Million) 12688.20 75550 75550 75550 75550 75550
Tourist Arrivals 36013.00 1550000 1550000 2000000 2000000 2000000
Gold Reserves (Tonnes) 38.88 40 40 40 40 40
Crude Oil Production (BBL/D/1K) 542.00 620 610 630 630 600
Foreign Direct Investment (MYR Million) 24375.00 10000 10000 10000 10000 10000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 60.70 60 60 60 60 60
Government Budget (% of GDP) -3.20 -4.3 -4.3 -4.3 -4.3 -4.3
Government Budget Value (MYR Million) 24602.00 2400 2400 2400 2400 2400
Government Spending (MYR Million) 45649.00 46565 49810 61538 47977 64491
Government Revenues (MYR Million) 88083.30 65500 65500 65500 65500 65500
Fiscal Expenditure (MYR Million) 63481.30 63100 63100 63100 63100 63100
Military Expenditure (USD Million) 3910.00 3870 3870 3870 3870 3870

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) 122.00 105 105 105 105 102
Industrial Production (%) 4.60 3.5 3.5 3.5 3.5 5
Industrial Production Mom (%) -4.80 1 1 2.5 2.5 2.5
Manufacturing Production (%) 5.20 3.5 3.5 3.5 3.5 6.9
Changes in Inventories (MYR Million) 5760.00 -4500 -4500 -4810 -4810 -4810
Car Production (Units) 50724.00 41000 41000 41000 41000 40500
Car Registrations 138702.00 110000 110000 150000 150000 150000
Leading Economic Index (%) -0.50 1.5 1.5 1.5 1.5 1.8
Cement Production (Thousands of Tonnes ) 1524.00 1500 1500 1500 1500 1500
Coincident Index (points) 120.30 121 121 122 122 122
Mining Production (%) -0.40 3 3 3 3 3
Manufacturing PMI (points) 50.10 51 52 51 51 51

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 99.00 105 105 105 105 100
Consumer Spending (MYR Million) 422452.00 196058 217831 227476 443997 238395
Bank Lending Rate (%) 3.56 3.56 3.81 4.06 4.06 4.31
Gasoline Prices (USD/Liter) 0.47 0.49 0.5 0.52 0.54 0.54
Households Debt To GDP (% of GDP) 73.60 73 73 75 75 75
Retail Sales Mom (%) 7.40 1 1 3 3 3
Retail Sales Yoy (%) 20.90 2.5 2.5 2.5 2.5 6.9

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (%) 0.80 1.5 1.5 3.5 3.5 3.5
Construction Output (%) -6.10 5 5 5 5 6


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Malaysia Forecast - was last updated on Sunday, June 26, 2022.