Markets Actual Q1 Q2 Q3 Q4 2023
Currency 4.19 4.19 4.2 4.21 4.22 4.25
Stock Market (points) 1529.34 1528 1502 1476 1450 1400
Government Bond 10Y (%) 3.68 3.71 3.76 3.8 3.85 3.95

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -3.60 1.5 1 1.3 0.8 1.5
GDP Annual Growth Rate (%) -4.50 5 1.9 6.5 5 4
Unemployment Rate (%) 4.30 4.5 4 3.8 4 3.5
Inflation Rate (%) 3.30 3.2 3 2.5 2 2
Interest Rate (%) 1.75 1.75 1.75 2 2 2.5
Balance of Trade (MYR Million) 18901.00 24200 17800 20370 27370 19820
Current Account (MYR Million) 11605.00 15000 15000 12000 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) 87.50 110 105 105 105 102
Consumer Confidence (points) 64.30 105 105 105 105 100
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -3.60 1.5 1 1.3 0.8 1.5
GDP Annual Growth Rate (%) -4.50 5 1.9 6.5 5 4
GDP (USD Billion) 336.66 380 380 380 380 440
GDP Constant Prices (MYR Million) 335815.00 355249 360220 342736 357643 386490
Gross National Product (MYR Billion) 329.40 345 358 338 351 383
Gross Fixed Capital Formation (MYR Million) 65027.00 79750 77127 72808 69254 76516
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) 27464.00 28061 23818 24588 29249 26388
GDP From Construction (MYR Million) 11815.00 15081 14487 12828 12583 15442
GDP From Manufacturing (MYR Million) 81907.00 81011 85868 83251 87231 91094
GDP From Mining (MYR Million) 20934.00 28038 25316 24448 22295 25500
GDP From Services (MYR Million) 190435.00 198855 206536 193498 202813 223241

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 4.30 4.5 4 3.8 4 3.5
Unemployed Persons (Thousand ) 694.40 640 640 640 590 590
Labor Force Participation Rate (%) 68.90 70 70 70 70 70
Job Vacancies 600970.00 324813 324813 324813 306789 306789
Minimum Wages (MYR/Month) 1200.00 1300 1300 1300 1300 1400
Wages in Manufacturing (MYR/Month) 3266.00 3840 3840 3840 4150 4250
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 Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 3.30 3.2 3 2.5 2 2
Consumer Price Index CPI (points) 124.00 127 127 126 126 129
Producer Prices (points) 116.30 118 119 117 116 120
Import Prices (points) 122.00 120 120 120 120 120
Food Inflation (%) 2.70 3.5 3.5 3.5 3.5 3.5
Core Inflation Rate (%) 0.90 2.1 2.1 2.1 2.1 2.5
Export Prices (points) 130.60 118 118 118 118 118
CPI Housing Utilities (points) 122.20 125 125 122 125 127
CPI Transportation (points) 115.10 115 116 116 116 116
Inflation Rate Mom (%) 0.20 0.2 0.2 0.2 0.2 0.3
Producer Prices Change (%) 12.60 8.5 4.5 4.5 2 2

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 1.75 1.75 1.75 2 2 2.5
Interbank Rate (%) 2.05 1.99 1.99 2.24 2.24 2.49
Money Supply M1 (MYR Million) 580847.45 639907 639907 639907 717172 809889
Money Supply M2 (MYR Million) 2154570.19 2121132 2121132 2121132 2171300 2238190
Money Supply M3 (MYR Million) 2162302.20 2154789 2177348 2177348 2234720 2234720
Foreign Exchange Reserves (USD Million) 116820.72 113474 113474 113474 104564 119998
Banks Balance Sheet (MYR Million) 2981870.56 3201358 3201358 3201358 3372219 3372219
Loans to Private Sector (MYR Million ) 2118264.33 2166824 2109294 2226559 2224178 2313145
Deposit Interest Rate (%) 1.96 1.96 1.96 2.21 2.21 2.46
Cash Reserve Ratio (%) 2.00 2 2 2 3 3
Central Bank Balance Sheet (MYR Million) 543912.92 52813157 52813157 52813157 531917 531917

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (MYR Million) 18901.00 24200 17800 20370 27370 19820
Current Account (MYR Million) 11605.00 15000 15000 12000 14500 16500
Current Account to GDP (% of GDP) 1.00 2 2 2 2 2
Imports (MYR Million) 93301.19 72500 72500 72500 75500 75500
Exports (MYR Million) 112202.20 95320 105870 99870 95320 95320
External Debt (MYR Million) 1056979.60 1026504 1026504 1026504 1026504 1026504
Terms of Trade (points) 107.00 98.33 98.33 98.33 98.33 98.33
Tourism Revenues (MYR Million) 12688.20 75550 75550 75550 75550 75550
Tourist Arrivals 6459.00 1550000 1550000 1550000 2000000 2000000
Gold Reserves (Tonnes) 38.88 40 40 40 40 40
Crude Oil Production (BBL/D/1K) 471.01 600 620 610 630 600
Foreign Direct Investment (MYR Million) 12836.00 10000 10000 10000 10000 10000

Government Actual Q1 Q2 Q3 Q4 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) 787.20 750 2400 2400 2400 2400
Government Spending (MYR Million) 46814.00 55044 45040 44806 49857 60499
Government Revenues (MYR Million) 51454.50 65500 65500 65500 65500 65500
Fiscal Expenditure (MYR Million) 50667.30 63100 63100 63100 63100 63100
Military Expenditure (USD Million) 3910.00 3870 3870 3870 3870 3870

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2023
Business Confidence (points) 87.50 110 105 105 105 102
Industrial Production (%) 9.40 3.5 3.5 3.5 3.5 5
Industrial Production Mom (%) 3.00 1 1 1 2.5 2.5
Manufacturing Production (%) 11.30 3.5 3.5 3.5 3.5 6.9
Changes in Inventories (MYR Million) 879.00 -4500 -4500 -4500 -4810 -4810
Car Production (Units) 53661.00 41000 41000 41000 41000 40500
Car Registrations 130531.00 110000 110000 110000 150000 150000
Leading Economic Index (%) -0.90 1.5 1.5 1.5 1.5 1.8
Cement Production (Thousands of Tonnes ) 2050.00 1500 1500 1500 1500 1500
Coincident Index (points) 113.30 121 121 121 122 122
Mining Production (%) 3.70 3 3 3 3 3
Manufacturing PMI (points) 52.80 52 52 52 51 51

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 64.30 105 105 105 105 100
Consumer Spending (MYR Million) 204728.00 192218 219714 188653 218035 224178
Bank Lending Rate (%) 3.44 3.44 3.44 3.69 3.69 3.94
Gasoline Prices (USD/Liter) 0.49 0.47 0.44 0.42 0.4 0.38
Households Debt To GDP (% of GDP) 73.40 73 73 73 75 75
Retail Sales Mom (%) 3.40 1 1 1 3 3
Retail Sales Yoy (%) 6.70 2.5 2.5 2.5 2.5 6.9

Housing Actual Q1 Q2 Q3 Q4 2023
Housing Index (%) 0.80 1.5 1.5 1.5 3.5 3.5
Construction Output (%) -21.00 3.5 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 Wednesday, January 19, 2022.