Markets Actual Q3 Q4 Q1 Q2 2021
Currency 4.28 4.29 4.3 4.31 4.32 4.34
Stock Market (points) 1576.77 1554 1533 1513 1493 1453
Government Bond 10Y (%) 2.83 2.9 2.93 2.95 2.98 3.03

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.00 3.8 0.7 0.7 1.5 1
GDP Annual Growth Rate (%) 0.70 -6.4 2.4 4.9 8.5 6.5
Unemployment Rate (%) 5.00 5.5 4.5 4.5 4.4 4.4
Inflation Rate (%) -2.90 -0.3 0.6 1.2 1.6 2
Interest Rate (%) 1.75 1.75 1.75 1.75 1.75 2.25
Balance of Trade (MYR Million) 10400.00 9500 1500 597200 -2580 -1800
Current Account (MYR Million) 9504.00 -1500 3500 3500 9800 9950
Current Account to GDP (%) 2.30 -0.5 -0.5 1.5 1.5 1.5
Government Debt to GDP (%) 51.80 53 53 55 55 55
Government Budget (% of GDP) -3.70 -7.5 -7.5 -7.5 -6.9 -6.9
Business Confidence (points) 85.50 72 76 78 80 85
Consumer Confidence (points) 80.80 74 76 79 80 80
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.00 3.8 0.7 0.7 1.5 1
GDP Annual Growth Rate (%) 0.70 -6.4 2.4 4.9 8.5 6.5
GDP (USD Billion) 364.70 333 333 359 359 359
GDP Constant Prices (MYR Million) 344155.00 348977 379011 361019 373408 403647
Gross National Product (MYR Billion) 341.50 341 368 358 371 392
Gross Fixed Capital Formation (MYR Million) 75982.00 79524 82229 79705 82440 87574
GDP per capita (USD) 12478.20 12150 12150 12500 12500 12500
GDP per capita PPP (USD) 28350.60 26150 26150 27220 27220 27220
GDP From Agriculture (MYR Million) 22503.00 27133 25162 23606 24416 26797
GDP From Construction (MYR Million) 15350.00 16420 16973 16102 16655 18076
GDP From Manufacturing (MYR Million) 76745.00 77368 83702 80506 83268 89142
GDP From Mining (MYR Million) 25255.00 22453 26998 26492 27402 28753
GDP From Services (MYR Million) 201066.00 201681 222157 210918 218157 236597

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.00 5.5 4.5 4.5 4.4 4.4
Unemployed Persons (Thousand ) 778.80 759 748 674 663 640
Labor Force Participation Rate (%) 66.10 66 68 68 69 69
Job Vacancies 204513.00 198108 188408 198408 201333 204513
Minimum Wages (MYR/Month) 1200.00 1200 1200 1200 1200 1200
Wages in Manufacturing (MYR/Month) 3340.00 3710 3950 4180 4223 4380
Population (Million) 32.60 33.1 33.1 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) 3087.00 3150 3150 3383 3383 3383

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -2.90 -0.3 0.6 1.2 1.6 2
Consumer Price Index CPI (points) 117.90 121 123 122 120 125
Producer Prices (points) 99.70 107 110 105 103 112
Import Prices (points) 114.80 115 116 118 119 120
Food Inflation (%) 1.20 2 2.5 2.5 3 3.5
Inflation Rate Mom (%) -2.70 0.5 0.2 0.3 0.3 0.3
Producer Prices Change (%) -5.50 2 2.2 2.2 3.5 2.2
Core Inflation Rate (%) 1.10 1.1 1.5 1.5 3 2.5
Export Prices (points) 109.90 115 116 117 117 118
CPI Housing Utilities (points) 117.90 121 123 124 120 125
CPI Transportation (points) 90.90 114 116 105 92.35 118

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 1.75 1.75 1.75 1.75 1.75 2.25
Interbank Rate (%) 2.28 2.3 2.3 2.3 2.3 2.55
Money Supply M1 (MYR Million) 479419.79 491546 502602 513659 524715 546827
Money Supply M2 (MYR Million) 2000159.78 2025631 2053269 2080907 2108545 2154608
Money Supply M3 (MYR Million) 2006707.62 2026418 2042560 2042560 2090600 2138640
Foreign Exchange Reserves (USD Million) 105091.23 105179 105110 105042 104974 104837
Banks Balance Sheet (MYR Million) 2858144.40 2944246 2991799 3039351 3086904 3182009
Loans to Private Sector (MYR Million ) 1997348.15 1882087 2023897 2084288 2158504 2155451
Deposit Interest Rate (%) 2.98 2.98 2.98 2.98 2.98 3.23
Cash Reserve Ratio (%) 2.00 2 2 3 3 3
Central Bank Balance Sheet (MYR Million) 483092.39 485447 490611 495774 500937 511264

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (MYR Million) 10400.00 9500 1500 597200 -2580 -1800
Current Account (MYR Million) 9504.00 -1500 3500 3500 9800 9950
Current Account to GDP (%) 2.30 -0.5 -0.5 1.5 1.5 1.5
Imports (MYR Million) 52300.00 57000 65800 70800 71830 72800
Exports (MYR Million) 62686.00 66500 67300 668000 69250 71000
External Debt (MYR Million) 975907.00 966937 973556 980174 986793 1000030
Terms of Trade (points) 97.10 100 100 99.15 98.32 97.92
Tourism Revenues (MYR Million) 86143.50 45050 45050 68015 68015 68015
Tourist Arrivals 671084.00 850000 995000 995000 1000000 1550000
Gold Reserves (Tonnes) 38.90 39 39 39 39 40
Crude Oil Production (BBL/D/1K) 634.00 640 650 650 660 670
Foreign Direct Investment (MYR Million) 6370.73 5500 4700 11500 10900 11900

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 51.80 53 53 55 55 55
Government Budget (% of GDP) -3.70 -7.5 -7.5 -7.5 -6.9 -6.9
Government Budget Value (MYR Million) -17215.10 -10400 -2200 0 -500 -1050
Government Spending (MYR Million) 40525.00 39267 55758 42511 43970 59382
Government Revenues (MYR Million) 45321.50 42500 55000 59500 59500 61050
Fiscal Expenditure (MYR Million) 62536.60 52900 57200 59500 60000 62100
Military Expenditure (USD Million) 3208.00 3050 3050 3050 3870 3870

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) 85.50 72 76 78 80 85
Industrial Production (%) -32.00 2.8 4.8 5.2 6 5
Industrial Production Mom (%) -30.50 1.5 1.5 1.5 1.3 2
Manufacturing Production (%) 5.60 3.5 3.5 4.5 6.9 6.9
Changes in Inventories (MYR Million) -3203.00 -3300 -3500 -4650 -5500 -4610
Car Production (Units) 240.00 29000 31000 35000 37500 40500
Car Registrations 1570.00 76000 85000 96350 99100 120000
Leading Economic Index (%) 0.30 0.5 1.8 1.8 2 1.8
Manufacturing Pmi (points) 51.00 48.2 49.2 49.7 50 49.4
Mining Production (%) 6.10 -3 1.6 2.5 5.5 3
Cement Production (Thousands of Tonnes ) 249.00 1000 1000 1100 1200 1500
Coincident Index (points) 109.20 133 135 145 148 148

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 80.80 74 76 79 80 80
Consumer Spending (MYR Million) 212257.00 211162 219830 222658 230299 234119
Bank Lending Rate (%) 4.01 4.26 4.26 4.26 4.26 4.51
Retail Sales Mom (%) -30.50 0.8 2.5 2.5 3.5 3
Retail Sales Yoy (%) -32.40 4 4 5.5 6 6.9
Households Debt To GDP (% of GDP) 68.20 69.5 69.5 70 70 71
Gasoline Prices (USD/Liter) 0.37 0.35 0.33 0.32 0.3 0.29

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (%) 0.80 0.5 1 2.5 3 3.5
Construction Output (%) -6.30 3 5 8 11 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.