Markets Actual Q3 Q4 Q1 Q2 2022
Currency 4.23 4.22 4.23 4.24 4.26 4.28
Stock Market (points) 1522.48 1489 1457 1425 1393 1333
Government Bond 10Y (%) 3.13 3.25 3.3 3.35 3.4 3.5

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.70 1 1 1 1 1
GDP Annual Growth Rate (%) -0.50 4.5 6.5 5.4 5 4
Unemployment Rate (%) 4.50 4.5 4.5 4 4 3.5
Inflation Rate (%) 3.40 4 3 1.6 1.8 2
Interest Rate (%) 1.75 1.75 1.75 1.75 1.75 2
Balance of Trade (MYR Million) 13700.00 5000 12200 12200 12200 9820
Current Account (MYR Million) 12294.00 17350 16500 15000 15000 16500
Current Account to GDP (% of GDP) 1.00 2 2 2 2 2
Government Debt to GDP (% of GDP) 60.70 58 58 54 54 54
Government Budget (% of GDP) -3.20 -6 -6 -4.3 -4.3 -4.3
Business Confidence (points) 111.80 97 100 105 110 96
Consumer Confidence (points) 98.90 95 95 97 100 88
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.70 1 1 1 1 1
GDP Annual Growth Rate (%) -0.50 4.5 6.5 5.4 5 4
GDP (USD Billion) 336.66 359 359 380 380 380
GDP Constant Prices (MYR Million) 343067.00 318520 355249 380594 361593 395817
Gross National Product (MYR Billion) 340.90 318 345 377 359 392
Gross Fixed Capital Formation (MYR Million) 73454.00 67471 79750 75349 77421 78363
GDP per capita (USD) 11637.35 12500 12500 12900 12900 12900
GDP per capita PPP (USD) 26435.17 27220 27220 28590 28590 28590
GDP From Agriculture (MYR Million) 22684.00 26980 28061 25985 23909 27024
GDP From Construction (MYR Million) 13797.00 9808 15081 15206 14542 15814
GDP From Manufacturing (MYR Million) 81779.00 70963 81011 89704 86195 93292
GDP From Mining (MYR Million) 24110.00 22980 28038 25111 25412 26115
GDP From Services (MYR Million) 196701.00 184183 198855 219835 207323 228629

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.50 4.5 4.5 4 4 3.5
Unemployed Persons (Thousand ) 728.10 658 640 640 640 590
Labor Force Participation Rate (%) 68.50 69 69 70 70 70
Job Vacancies 449581.00 472555 404513 324813 324813 306789
Minimum Wages (MYR/Month) 1200.00 1200 1200 1300 1300 1300
Wages in Manufacturing (MYR/Month) 3316.00 3680 3890 3840 3840 4150
Population (Million) 32.73 33.45 33.45 33.8 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) 2933.00 3620 3620 3840 3840 3840

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.40 4 3 1.6 1.8 2
Consumer Price Index CPI (points) 123.20 125 124 125 125 127
Producer Prices (points) 111.60 112 114 112 114 116
Import Prices (points) 117.50 119 120 120 120 120
Food Inflation (%) 1.30 3 3 3.5 3.5 3.5
Inflation Rate Mom (%) 0.10 0.2 0.2 0.2 0.2 0.3
Producer Prices Change (%) 11.90 11 8 2.5 2.5 2.5
Core Inflation Rate (%) 0.80 2.5 2.5 2.1 2.1 2.5
Export Prices (points) 121.70 117 117 118 118 118
CPI Housing Utilities (points) 121.70 123 122 124 124 124
CPI Transportation (points) 114.30 107 108 116 116 111

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.75 1.75 1.75 1.75 1.75 2
Interbank Rate (%) 1.94 1.94 1.94 1.94 1.94 1.94
Money Supply M1 (MYR Million) 551624.14 593548 616728 639907 639907 717172
Money Supply M2 (MYR Million) 2076555.32 2087686 2104409 2121132 2121132 2171300
Money Supply M3 (MYR Million) 2082750.00 2111264 2138640 2154789 2177348 2234720
Foreign Exchange Reserves (USD Million) 111827.01 111610 112542 113474 113474 104564
Banks Balance Sheet (MYR Million) 2962685.95 3134172 3182009 3201358 3201358 3372219
Loans to Private Sector (MYR Million ) 2067303.63 2206386 2123982 2179257 2175079 2266427
Deposit Interest Rate (%) 1.96 1.96 1.96 1.96 1.96 1.96
Cash Reserve Ratio (%) 2.00 2 2 2 2 3
Central Bank Balance Sheet (MYR Million) 515447.74 511264 52116270 52813157 52813157 531917

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (MYR Million) 13700.00 5000 12200 12200 12200 9820
Current Account (MYR Million) 12294.00 17350 16500 15000 15000 16500
Current Account to GDP (% of GDP) 1.00 2 2 2 2 2
Imports (MYR Million) 78600.00 71500 72800 72500 72500 75500
Exports (MYR Million) 92300.00 83500 83000 85320 85320 85320
External Debt (MYR Million) 1039656.00 989653 1000030 1026504 1026504 1026504
Terms of Trade (points) 103.50 100 97.11 97.11 97.5 98.33
Tourism Revenues (MYR Million) 12688.20 60015 60015 75550 75550 75550
Tourist Arrivals 9645.00 1200000 1550000 1550000 1550000 2000000
Gold Reserves (Tonnes) 38.88 39 40 40 40 40
Crude Oil Production (BBL/D/1K) 533.33 600 600 600 600 600
Foreign Direct Investment (MYR Million) 9137.00 8500 8000 10000 10000 10000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 60.70 58 58 54 54 54
Government Budget (% of GDP) -3.20 -6 -6 -4.3 -4.3 -4.3
Government Budget Value (MYR Million) -12673.30 -3000 2800 2800 750 2400
Government Spending (MYR Million) 42895.00 44400 55044 59576 45211 61959
Government Revenues (MYR Million) 49527.20 58100 61050 65500 65500 65500
Fiscal Expenditure (MYR Million) 62200.50 59500 60300 63100 63100 63100
Military Expenditure (USD Million) 3910.00 3870 3870 3870 3870 3870

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 111.80 97 100 105 110 96
Industrial Production (%) 26.00 4.3 5 3.5 3.5 5
Industrial Production Mom (%) -0.30 1.3 1.1 1 1 2.5
Manufacturing Production (%) 29.80 5.5 5.5 3.5 3.5 6.9
Changes in Inventories (MYR Million) -1605.00 -4100 -4100 -4500 -4500 -4810
Car Production (Units) 40159.00 38000 40500 41000 41000 40500
Car Registrations 133878.00 130000 130000 110000 110000 150000
Leading Economic Index (%) -2.90 1.1 1.1 1.5 1.5 1.8
Manufacturing PMI (points) 39.90 51 51 52 52 51
Mining Production (%) 20.70 4.5 3 3 3 3
Cement Production (Thousands of Tonnes ) 1211.00 1300 1500 1500 1500 1500
Coincident Index (points) 113.80 117 119 121 121 122

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 98.90 95 95 97 100 88
Consumer Spending (MYR Million) 209251.00 182361 192218 220757 220551 229588
Bank Lending Rate (%) 3.42 3.42 3.42 3.42 3.42 3.42
Retail Sales Mom (%) -2.20 1.5 1.5 1 1 3
Retail Sales Yoy (%) 17.30 3.5 3.5 2.5 2.5 6.9
Households Debt To GDP (% of GDP) 76.40 70 71 73 73 75
Gasoline Prices (USD/Liter) 0.49 0.47 0.44 0.42 0.4 0.38

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (%) 0.80 3 3.5 1.5 1.5 3.5
Construction Output (%) -10.50 11 6 3.5 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.