Markets Actual Q1 Q2 Q3 Q4 2021
Currency 4.19 4.11 4.12 4.13 4.14 4.16
Stock Market (points) 1531.20 1521 1511 1502 1492 1473
Government Bond 10Y (%) 2.92 3.17 3.2 3.23 3.26 3.32

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.60 1.3 1.4 1.2 1.2 1
GDP Annual Growth Rate (%) 3.60 2 2.7 4 4.4 4.7
Unemployment Rate (%) 3.30 3.6 3.4 3.5 3.4 3.6
Inflation Rate (%) 1.60 1.4 1.7 1.7 1.9 1.9
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 3
Balance of Trade (MYR Million) 12578.27 16500 15100 18500 11200 12200
Current Account (MYR Million) 7643.00 12500 5500 10000 9500 9100
Current Account to GDP (%) 2.30 2 2 2 2 2.1
Government Debt to GDP (%) 51.80 53 53 53 53 50
Government Budget (% of GDP) -3.70 -2.6 -2.6 -2.6 -2.6 -2.6
Business Confidence (points) 94.20 107 105 110 112 112
Consumer Confidence (points) 93.40 92 90 95 100 100
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 2021
GDP Growth Rate (%) 0.60 1.3 1.4 1.2 1.2 1
GDP Annual Growth Rate (%) 3.60 2 2.7 4 4.4 4.7
GDP (USD Billion) 358.58 380 380 380 380 405
GDP Constant Prices (MYR Million) 369878.00 345127 353475 367339 375982 393653
Gross National Product (MYR Billion) 359.50 339 352 360 368 386
Gross Fixed Capital Formation (MYR Million) 80297.00 80414 87472 83787 85758 89789
GDP per capita (USD) 12109.50 12850 12850 12850 12850 13200
GDP per capita PPP (USD) 28176.40 27956 27956 27956 27956 27956
GDP From Agriculture (MYR Million) 24473.00 24839 24519 28590 29262 30638
GDP From Construction (MYR Million) 16582.00 16823 16281 17289 17696 18528
GDP From Manufacturing (MYR Million) 81745.00 76417 80078 81537 83455 87378
GDP From Mining (MYR Million) 26431.00 26372 26370 23463 24015 25144
GDP From Services (MYR Million) 216720.00 196784 202191 212328 217324 227539

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 3.30 3.6 3.4 3.5 3.4 3.6
Unemployed Persons (Thousand ) 517.00 530 534 519 511 511
Labor Force Participation Rate (%) 68.90 68.9 69 69.3 69.5 70.7
Job Vacancies 217432.00 345000 360000 360000 357000 357000
Minimum Wages (MYR/Month) 1200.00 1200 1200 1200 1200 1200
Wages in Manufacturing (MYR/Month) 3970.00 3940 4140 3710 4150 4380
Population (Million) 32.40 33.1 33.1 33.1 33.1 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 3400 3400 3400 3400 3583

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.60 1.4 1.7 1.7 1.9 1.9
Consumer Price Index CPI (points) 122.40 123 123 124 125 127
Producer Prices (points) 107.40 110 107 107 110 112
Import Prices (points) 117.70 119 119 119 121 121
Food Inflation (%) 0.90 2 2.2 2 3.5 3.5
Producer Prices Change (%) 3.50 5 2 2 2.2 2.2
Inflation Rate Mom (%) 0.10 0.3 0.3 0.2 0.2 0.3
Core Inflation Rate (%) 1.70 1.2 0.8 1.5 2.5 2.5
Export Prices (points) 116.50 116 116 116 118 118
CPI Housing Utilities (points) 122.20 122 123 124 125 127
CPI Transportation (points) 115.00 116 116 117 117 119

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 3
Money Supply M1 (MYR Million) 452559.17 423500 423500 423500 437000 437000
Interbank Rate (%) 3.09 3.4 3.4 3.4 3.4 3.4
Money Supply M2 (MYR Million) 1950567.58 1890000 1890000 1890000 1960000 1960000
Money Supply M3 (MYR Million) 1961553.50 5.7 1910000 1910000 2040000 2040000
Foreign Exchange Reserves (USD Million) 105907.93 102200 105900 107000 108700 108700
Banks Balance Sheet (MYR Million) 2785107.74 2710000 2690000 2690000 2850000 2850000
Loans to Private Sector (MYR Million ) 1976462.13 1892590 1951767 1983191 2063426 2160408
Deposit Interest Rate (%) 3.10 3.1 3.1 3.1 3.1 3.1
Cash Reserve Ratio (%) 3.00 3 3 3 3 3.5
Central Bank Balance Sheet (MYR Million) 451646.71 445000 440000 460000 460000 460000

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (MYR Million) 12578.27 16500 15100 18500 11200 12200
Current Account (MYR Million) 7643.00 12500 5500 10000 9500 9100
Current Account to GDP (%) 2.30 2 2 2 2 2.1
Imports (MYR Million) 73800.00 70500 63400 67000 75800 75800
Exports (MYR Million) 86400.00 88000 78500 85500 87000 89000
External Debt (MYR Million) 946292.04 957500 965582 940731 968000 968000
Terms of Trade (points) 99.00 97.32 97.32 97.32 97.11 97.11
Tourism Revenues (MYR Million) 84135.20 83800 83800 83800 84100 84100
Tourist Arrivals 1997093.00 2000000 2360000 2100000 2250000 2350000
Gold Reserves (Tonnes) 38.88 37.4 37.4 37.4 37.8 37.8
Crude Oil Production (BBL/D/1K) 603.00 600 630 640 650 670
Foreign Direct Investment (MYR Million) 3731.61 12000 11000 15000 15900 15900

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 51.80 53 53 53 53 50
Government Budget (% of GDP) -3.70 -2.6 -2.6 -2.6 -2.6 -2.6
Government Budget Value (MYR Million) -25.70 3100 493800 493100 2800 3900
Government Spending (MYR Million) 54425.00 39020 40029 41368 42342 44332
Government Revenues (MYR Million) 68775.10 64500 556000 556000 66000 68000
Fiscal Expenditure (MYR Million) 68800.80 61400 62200 62900 63200 64100
Military Expenditure (USD Million) 3208.00 3870 3870 3870 3870 3870

Taxes Actual Q1 Q2 Q3 Q4 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 20 20 20 20 20
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 11.00 8 8 8 8 8

Business Actual Q1 Q2 Q3 Q4 2021
Business Confidence (points) 94.20 107 105 110 112 112
Industrial Production (%) 1.30 3.5 3.2 2.8 4.8 4.8
Industrial Production Mom (%) -0.40 1.5 1.7 1.7 1.1 1.1
Manufacturing Production (%) 2.50 5.2 3.2 3.5 6.9 6.9
Changes in Inventories (MYR Million) -2872.00 -590 -590 -590 -4610 -4610
Car Production (Units) 40274.00 45000 35000 34000 42800 42800
Car Registrations 102494.00 105000 110000 76000 100000 120000
Leading Economic Index (%) -0.20 0.5 1.5 0.5 1.8 1.8
Mining Production (%) 0.50 1.5 1 -3 1.6 1.6
Manufacturing Pmi (points) 48.80 48.5 49 50.2 49.2 49.4
Cement Production (Thousands of Tonnes ) 1418.00 1350 1250 1400 1700 1700
Coincident Index (points) 139.70 138 136 136 139 139

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) 93.40 92 90 95 100 100
Consumer Spending (MYR Million) 214608.00 200711 206134 222260 227490 238182
Bank Lending Rate (%) 4.70 4.73 4.73 4.73 4.73 4.73
Retail Sales Mom (%) 4.20 2.2 3 0.8 2.7 2.7
Retail Sales Yoy (%) 7.00 6.5 6 6 6.9 6.9
Gasoline Prices (USD/Liter) 0.51 0.45 0.47 0.48 0.49 0.49
Households Debt To GDP (% of GDP) 67.80 68.3 68.1 68.5 68.5 69

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (%) 0.40 2 2.5 2.2 3.7 5.7
Construction Output (%) 1.30 4.3 5 3 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.