Wages in Manufacturing in Malaysia decreased to 3340 MYR/Month in February from 3360 MYR/Month in January of 2020.

Wages in Manufacturing in Malaysia averaged 3089.77 MYR/Month from 2012 until 2020, reaching an all time high of 3998 MYR/Month in June of 2019 and a record low of 2391 MYR/Month in August of 2012. This page provides - Malaysia Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Average Monthly Wages in Manufacturing - values, historical data and charts - was last updated on July of 2020. source: Department of Statistics, Malaysia

Wages in Manufacturing in Malaysia is expected to be 3140.00 MYR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Malaysia to stand at 4180.00 in 12 months time. In the long-term, the Malaysia Average Monthly Wages in Manufacturing is projected to trend around 4380.00 MYR/Month in 2021 and 4500.00 MYR/Month in 2022, according to our econometric models.

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Malaysia Average Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
3340.00 3360.00 3998.00 2391.00 2012 - 2020 MYR/Month Monthly
Current Prices, NSA

Malaysia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 3.90 5.00 2.70 percent [+]
Employed Persons 14930.00 15232.40 15344.50 5624.60 Thousand [+]
Unemployed Persons 778.80 610.50 778.80 210.50 Thousand [+]
Labor Force Participation Rate 66.10 68.60 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 [+]