Living Wage Individual in Malaysia decreased to 1150 MYR/Month in 2018 from 1170 MYR/Month in 2017.

Living Wage Individual in Malaysia averaged 1150 MYR/Month from 2015 until 2018, reaching an all time high of 1200 MYR/Month in 2016 and a record low of 1080 MYR/Month in 2015. Malaysia Living Wage Individual - values, historical data and charts - was last updated on June of 2020.

Living Wage Individual in Malaysia is expected to reach 1155.00 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 Individual is projected to trend around 1154.44 MYR/Month in 2021 and 1155.18 MYR/Month in 2022, according to our econometric models.

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Malaysia Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
1150.00 1170.00 1200.00 1080.00 2015 - 2018 MYR/Month Yearly

Malaysia Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 3.30 4.50 2.70 percent [+]
Employed Persons 15232.40 15344.50 15344.50 5624.60 Thousand [+]
Unemployed Persons 610.50 525.20 610.50 210.50 Thousand [+]
Labor Force Participation Rate 68.60 68.70 68.90 62.30 percent [+]
Job Vacancies 204513.00 217432.00 745205.00 7850.00 [+]
Minimum Wages 1200.00 1100.00 1200.00 900.00 MYR/Month [+]
Wages in Manufacturing 3340.00 3360.00 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 3087.00 2879.00 3087.00 1814.00 MYR/Month [+]
Living Wage Family 1970.00 2030.00 2030.00 1900.00 MYR/Month [+]
Living Wage Individual 1150.00 1170.00 1200.00 1080.00 MYR/Month [+]


Malaysia Living Wage Individual
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.