Living Wage Family in Malaysia decreased to 1970 MYR/Month in 2018 from 2030 MYR/Month in 2017.

Living Wage Family in Malaysia averaged 1982.50 MYR/Month from 2015 until 2018, reaching an all time high of 2030 MYR/Month in 2016 and a record low of 1900 MYR/Month in 2015. Malaysia Living Wage Family - values, historical data and charts - was last updated on October of 2020.

Living Wage Family in Malaysia is expected to reach 1994.65 MYR/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Living Wage Family is projected to trend around 1986.76 MYR/Month in 2021 and 1993.81 MYR/Month in 2022, according to our econometric models.

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Malaysia Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
1970.00 2030.00 2030.00 1900.00 2015 - 2018 MYR/Month Yearly

Malaysia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.70 4.70 5.30 2.70 percent [+]
Employed Persons 15150.00 15070.00 15344.50 5624.60 Thousand [+]
Unemployed Persons 741.60 745.10 826.10 210.50 Thousand [+]
Labor Force Participation Rate 68.40 68.10 69.00 62.30 percent [+]
Job Vacancies 47431.00 204513.00 745205.00 7850.00 [+]
Minimum Wages 1200.00 1100.00 1200.00 900.00 MYR/Month [+]
Wages in Manufacturing 3247.00 3235.00 3998.00 2391.00 MYR/Month [+]
Population 32.60 32.40 32.60 8.20 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Wages 3224.00 3087.00 3224.00 1814.00 MYR/Month [+]


Malaysia Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.