Markets Actual Q2 Q3 Q4 Q1 2022
Currency 4.11 4.13 4.14 4.15 4.16 4.18
Stock Market (points) 1587.45 1563 1542 1522 1502 1461
Government Bond 10Y (%) 3.10 3.13 3.16 3.19 3.22 3.28

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.30 1.5 1 1 1 1
GDP Annual Growth Rate (%) -3.40 14 4.5 6.5 3.4 4
Unemployment Rate (%) 4.70 4.7 4.5 4.5 4 3.5
Inflation Rate (%) 1.70 3.4 3 3 1.6 2
Interest Rate (%) 1.75 1.75 1.5 1.5 1.5 2
Balance of Trade (MYR Million) 24152.00 5000 10420 12200 12200 9820
Current Account (MYR Million) 18965.00 19000 17350 16500 15000 16500
Current Account to GDP (%) 1.00 2 2 2 2 2
Government Debt to GDP (%) 52.70 58 58 58 54 54
Government Budget (% of GDP) -3.20 -6 -6 -6 -4.3 -4.3
Business Confidence (points) 60.00 75 80 85 88 96
Consumer Confidence (points) 90.00 90 85 85 90 88
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.30 1.5 1 1 1 1
GDP Annual Growth Rate (%) -3.40 14 4.5 6.5 3.4 4
GDP (USD Billion) 364.68 359 359 359 380 380
GDP Constant Prices (MYR Million) 357365.00 330103 366732 380594 369515 395817
Gross National Product (MYR Billion) 353.90 330 361 377 366 392
Gross Fixed Capital Formation (MYR Million) 70750.00 69924 75919 75349 73156 78363
GDP per capita (USD) 12478.20 12500 12500 12500 12900 12900
GDP per capita PPP (USD) 28350.60 27220 27220 27220 28590 28590
GDP From Agriculture (MYR Million) 24399.00 27961 29101 25985 25229 27024
GDP From Construction (MYR Million) 14278.00 10164 15530 15206 14763 15814
GDP From Manufacturing (MYR Million) 84229.00 73544 86283 89704 87093 93292
GDP From Mining (MYR Million) 23578.00 23816 22591 25111 24380 26115
GDP From Services (MYR Million) 206418.00 190880 209018 219835 213436 228629

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.70 4.7 4.5 4.5 4 3.5
Unemployed Persons (Thousand ) 753.20 663 658 640 640 590
Labor Force Participation Rate (%) 68.60 69 69 69 70 70
Job Vacancies 449581.00 441333 472555 404513 324813 306789
Minimum Wages (MYR/Month) 1200.00 1200 1200 1200 1300 1300
Wages in Manufacturing (MYR/Month) 3533.00 3740 3680 3890 3840 4150
Population (Million) 32.73 33.45 33.45 33.45 33.8 33.8
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Wages (MYR/Month) 3224.00 3620 3620 3620 3840 3840

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.70 3.4 3 3 1.6 2
Consumer Price Index CPI (points) 122.90 123 124 124 124 127
Producer Prices (points) 109.60 117 115 111 114 116
Import Prices (points) 115.60 119 119 120 120 120
Food Inflation (%) 1.50 3 3 3 3.5 3.5
CPI Housing Utilities (points) 121.60 122 122 122 124 124
CPI Transportation (points) 114.20 101 106 108 113 111
Export Prices (points) 118.80 115 117 117 118 118
Core Inflation Rate (%) 0.70 3 2.5 2.5 2.1 2.5
Inflation Rate Mom (%) 0.10 0.2 0.2 0.2 0.2 0.3
Producer Prices Change (%) 6.70 15 11 8 2.5 2.5

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 1.75 1.75 1.5 1.5 1.5 2
Interbank Rate (%) 1.94 1.94 1.94 3.65 1.69 2.19
Money Supply M1 (MYR Million) 549566.72 570369 593548 616728 639907 717172
Money Supply M2 (MYR Million) 2083780.53 2070964 2087686 2104409 2121132 2171300
Money Supply M3 (MYR Million) 2088401.62 2090600 2111264 2138640 2154789 2234720
Foreign Exchange Reserves (USD Million) 109027.20 110678 111610 112542 113474 104564
Banks Balance Sheet (MYR Million) 2966620.96 3086904 3134172 3182009 3201358 3372219
Loans to Private Sector (MYR Million ) 2063642.26 2286619 2123982 2179257 2133806 2266427
Deposit Interest Rate (%) 2.98 2.98 2.98 2.9 2.73 3.23
Cash Reserve Ratio (%) 2.00 2 2 2 2 3
Central Bank Balance Sheet (MYR Million) 503438.89 500937 511264 52116270 52813157 531917

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (MYR Million) 24152.00 5000 10420 12200 12200 9820
Current Account (MYR Million) 18965.00 19000 17350 16500 15000 16500
Current Account to GDP (%) 1.00 2 2 2 2 2
Imports (MYR Million) 80794.00 71830 71500 72800 72500 75500
Exports (MYR Million) 104946.00 82250 83500 83000 85320 85320
External Debt (MYR Million) 958455.56 986793 989653 1000030 1026504 1026504
Terms of Trade (points) 102.80 100 96.64 97.11 97.5 98.33
Tourism Revenues (MYR Million) 12688.20 60015 60015 60015 75550 75550
Tourist Arrivals 10568.00 1000000 1200000 1550000 1550000 2000000
Gold Reserves (Tonnes) 38.88 39 39 40 40 40
Crude Oil Production (BBL/D/1K) 557.07 600 600 600 600 600
Foreign Direct Investment (MYR Million) 6140.00 9000 8500 8000 10000 10000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 52.70 58 58 58 54 54
Government Budget (% of GDP) -3.20 -6 -6 -6 -4.3 -4.3
Government Budget Value (MYR Million) 23160.00 -3000 -2100 2800 750 2400
Government Spending (MYR Million) 55940.00 46015 45326 59576 57842 61959
Government Revenues (MYR Million) 76902.00 57900 58100 61050 65500 65500
Fiscal Expenditure (MYR Million) 53742.00 60000 59500 60300 63100 63100
Military Expenditure (USD Million) 3827.00 3870 3870 3870 3870 3870

Taxes Actual Q2 Q3 Q4 Q1 2022
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 (%) 21.00 23 23 23 23 23
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 9.00 11 11 11 11 11

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 60.00 75 80 85 88 96
Industrial Production (%) 9.30 6 4.3 5 3.5 5
Industrial Production Mom (%) -6.40 1.3 1.3 1.1 1 2.5
Manufacturing Production (%) 4.10 6.9 5.5 5.5 3.5 6.9
Changes in Inventories (MYR Million) -1421.00 -5500 -4100 -4100 -4500 -4810
Car Production (Units) 58102.00 37500 38000 40500 41000 40500
Car Registrations 102689.00 145000 130000 130000 110000 150000
Leading Economic Index (%) 1.10 2 1.1 1.1 1.5 1.8
Cement Production (Thousands of Tonnes ) 1912.00 1200 1300 1500 1500 1500
Coincident Index (points) 114.40 117 117 119 121 122
Manufacturing PMI (points) 53.90 50 51 51 52 51
Mining Production (%) -5.40 5.5 4.5 3 3 3

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 90.00 90 85 85 90 88
Consumer Spending (MYR Million) 207284.00 188993 223277 220757 214332 229588
Bank Lending Rate (%) 3.47 3.44 3.44 5.02 3.19 3.69
Households Debt To GDP (% of GDP) 74.70 70 70 71 73 75
Gasoline Prices (USD/Liter) 0.50 0.45 0.42 0.43 0.38 0.36
Retail Sales Mom (%) 1.70 3.5 1.5 1.5 1 3
Retail Sales Yoy (%) 10.50 6 3.5 3.5 2.5 6.9

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (%) 0.80 3 3 3.5 1.5 3.5
Construction Output (%) -14.20 20 11 6 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.