Malaysia | Economic Forecasts | 2017-2020 Outlook

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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.40 1 0.9 1.2 1.3 1.5 percent [+]
Unemployment Rate 3.50 3.5 3.6 3.8 3.7 4.1 percent [+]
Inflation Rate 5.10 4.8 3.9 3.1 1.8 4.1 percent [+]
Interest Rate 3.00 3 3 3 3 3.5 percent [+]
Balance of Trade 8708.72 5495 12389 8300 14955 5171 MYR Million [+]
Government Debt to GDP 53.20 54 54 54 56 53 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 4.34 4.46 4.51 4.64 4.6 5.3 [+]
Stock Market 1767.92 1730 1710 1660 1680 1400 points [+]
Government Bond 10Y 4.09 4.18 4.22 4.26 4.31 4.97 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.40 1 0.9 1.2 1.3 1.5 percent [+]
GDP Annual Growth Rate 4.50 4.7 4.5 4.3 4.5 3.7 percent [+]
GDP 296.28 326 326 326 340 370 USD Billion [+]
GDP Constant Prices 290565.00 284000 294000 302000 314000 340000 MYR Million [+]
Gross National Product 285.20 281 289 302 304 353 MYR Billion [+]
Gross Fixed Capital Formation 69343.00 76200 72100 73300 73100 84000 MYR Million [+]
GDP per capita 10878.40 11493 11493 11493 11621 12078 USD [+]
GDP per capita PPP 25311.91 25432 25615 25798 25940 28093 USD [+]
GDP From Agriculture 23041.00 21900 26000 23500 20800 25100 MYR Million [+]
GDP From Construction 12572.00 12500 14300 14500 14900 18600 MYR Million [+]
GDP From Manufacturing 66796.00 66500 68000 68700 65400 77300 MYR Million [+]
GDP From Mining 25461.00 25800 25200 26500 26100 31100 MYR Million [+]
GDP From Services 158694.00 154000 158000 166000 162000 191000 MYR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.50 3.5 3.6 3.8 3.7 4.1 percent [+]
Employed Persons 14401.80 14591 14448 14698 15820 15500 Thousand [+]
Unemployed Persons 515.00 512 527 524 536 558 Thousand [+]
Labor Force Participation Rate 67.80 67.8 67.7 67.8 67.7 67.9 percent [+]
Job Vacancies 293236.00 181144 320451 306000 280650 327000 [+]
Minimum Wages 1000.00 1000 1000 1000 1000 1300 MYR/Month [+]
Wages in Manufacturing 3300.30 3400 3370 3580 3650 4100 MYR/Month [+]
Population 31.70 31.98 32.11 32.23 32.23 33.83 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Wages 2231.00 2600 2600 2600 2750 2930 MYR/Monthly [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 5.10 4.8 3.9 3.1 1.8 4.1 percent [+]
Consumer Price Index CPI 119.60 119 120 120 122 135 Index Points [+]
GDP Deflator 113.00 116 117 118 119 132 Index Points [+]
Producer Prices 110.40 109 109 111 113 116 Index Points [+]
Import Prices 115.70 108 108 109 116 110 Index Points [+]
Food Inflation 4.10 4.7 4.9 4.7 3.8 4.14 percent [+]
Inflation Rate Mom -0.10 0.1 0.1 0.3 0.4 0 percent [+]
Producer Prices Change 10.80 9.4 7.1 3 2.8 4.1 percent [+]
Core Inflation Rate 2.50 2.68 2.57 2.45 2.48 2.53 percent [+]
Export Prices 113.30 104 106 106 111 108 Index Points [+]
Cpi Transportation 119.40 116 118 116 116 123 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 3.00 3 3 3 3 3.5 percent [+]
Interbank Rate 3.43 3.43 3.5 3.5 3.5 4 percent [+]
Money Supply M0 88462.49 88200 90513 93400 95600 119500 MYR Million [+]
Money Supply M1 386966.48 395177 401104 406942 412751 475442 MYR Million [+]
Money Supply M2 1657120.75 1700000 1740000 1770000 1800000 2050000 MYR Million [+]
Money Supply M3 1661654.99 1688126 1706110 1723817 1741401 1928710 MYR Million [+]
Foreign Exchange Reserves 95041.58 98500 99200 100800 101200 106000 USD Million [+]
Banks Balance Sheet 2420524.09 2458304 2487306 2516119 2544699 2844268 MYR Million [+]
Loans to Private Sector 1658029.23 1695427 1720301 1745111 1769769 2029669 MYR Million [+]
Deposit Interest Rate 3.00 3 3 3 3 4 percent [+]
Cash Reserve Ratio 3.50 3.5 3.5 3.5 3.5 3.5 percent [+]
Central Bank Balance Sheet 450522.93 458000 455850 459000 464000 512000 MYR Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 8708.72 5495 12389 8300 14955 5171 MYR Million [+]
Exports 71769.70 69506 72795 70264 73933 75243 MYR Million [+]
Imports 63061.00 59713 64100 62155 58978 70071 MYR Million [+]
Current Account 12200.00 5110 6178 7197 8629 13200 MYR Million [+]
Current Account to GDP 1.30 3.2 3.2 3.2 3 3.7 percent [+]
External Debt 908704.13 934158 946625 960748 974287 1107507 MYR Million [+]
Terms of Trade 98.00 98.5 99.9 101 97.92 107 Index Points [+]
Tourism Revenues 69119.60 72200 72200 72200 76000 78300 MYR Million [+]
Tourist Arrivals 2646810.00 2280000 2220598 2860000 2470000 3340000 [+]
Gold Reserves 38.26 40 40 40.1 40 44.5 Tonnes [+]
Crude Oil Production 675.00 660 670 680 673 667 BBL/D/1K [+]
Terrorism Index 2.69 3.68 3.68 3.68 3.74 3.57 [+]
Capital Flows -13202.00 -4529 -7939 -10287 -9193 -9678 MYR Million [+]
Foreign Direct Investment 10825.00 7900 6200 12100 7208 15900 MYR Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 53.20 54 54 54 56 53 percent [+]
Government Budget -3.20 -4.2 -4.3 -4.2 -4.1 -3.3 percent of GDP [+]
Government Budget Value 5581.40 -7995 -6653 -8500 -4934 2800 MYR Million [+]
Government Spending 44921.00 36700 36000 49100 37484 53700 MYR Million [+]
Government Revenues 56294.90 45123 46577 50523 48468 66000 MYR Million [+]
Fiscal Expenditure 50713.50 53118 53231 59022 55872 63200 MYR Million [+]
Military Expenditure 5300.10 5894 5830 5885 6178 6091 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 112.70 115 108 105 110 108 [+]
Industrial Production 4.70 2.8 4.2 3.8 5.5 4.4 percent [+]
Industrial Production Mom 2.02 3 2.3 1.6 2 1.1 percent [+]
Manufacturing Production 6.50 5.2 3.9 5 3.6 5.1 percent [+]
Capacity Utilization 79.00 82.7 83 76.5 83 85.8 percent [+]
Changes in Inventories 1470.00 1850 -400 -3330 596 -4610 MYR Million [+]
Bankruptcies 1668.00 1699 1710 1642 1874 1850 Companies [+]
Car Production 40392.00 43200 41500 47800 46100 52800 Units [+]
Car Registrations 89408.00 98540 88785 103000 96300 146000 Cars [+]
Leading Economic Index -0.90 -0.9 0.7 0.2 0.5 0.9 percent [+]
Manufacturing Pmi 49.50 49.7 50.2 49.6 48.7 51.84 [+]
Mining Production 0.40 2.8 4.3 3.3 4.6 3.1 percent [+]
Cement Production 1520.00 1740 1800 1890 1810 2100 Thousands of Tonnes [+]
Coincident Index 128.60 129 130 130 131 138 Index Points [+]
Competitiveness Index 5.16 5.16 5.16 5.16 5.28 5.35 Points [+]
Competitiveness Rank 25.00 25 25 25 24 22 [+]
Ease of Doing Business 23.00 18 18 18 18.2 19 [+]
Corruption Index 49.00 52 52 52 55 60 Points [+]
Corruption Rank 55.00 53 53 53 50 45 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 76.60 78 82 82 77 103 [+]
Consumer Spending 150497.00 151470 158780 157000 157000 179000 MYR Million [+]
Bank Lending Rate 4.61 4.5 4.5 4.5 4.6 4.9 percent [+]
Retail Sales Mom -1.10 1.3 1.2 3.5 2.8 2.7 percent [+]
Retail Sales Yoy 8.70 7.2 7.4 8.1 7.7 6.9 percent [+]
Gasoline Prices 0.52 0.53 0.54 0.55 0.56 0.55 USD/Liter [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 5.30 4.9 4.2 5.1 5.8 7.7 percent [+]
Construction Output 8.10 7.7 9.2 11.5 10.1 13 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 24.00 24 24 24 24 24 percent [+]
Personal Income Tax Rate 28.00 28 28 28 28 28 percent [+]
Sales Tax Rate 6.00 6 6 6 6 6 percent [+]
Social Security Rate 24.00 24 24 24 24 24 percent [+]
Social Security Rate For Companies 13.00 13 13 13 13 13 percent [+]
Social Security Rate For Employees 11.00 11 11 11 11 11 percent [+]