Gross domestic product (GDP) of Malaysia grew 3.56 percent in 2023 and was forecast to remain around 4 percent for the medium term. What affects GDP? GDP is the sum of spending in a country by consumers, investors, and the government, plus net exports. High GDP growth is associated with low unemployment, because a growing economy demands a growing labor force. There are also inflationary pressures, but responsible monetary and fiscal policy can keep the inflation rate low. GDP and development Developmental economists focus more on GDP per capita than GDP. Looking at how much each member of the economy generates gives a general idea of the level of development, with strong correlations between this and other development indicators. If population growth is faster than GDP growth, residents in the country will be worse off, in spite of a growing economy.

The gross domestic product (GDP) per capita in Malaysia was forecast to continuously increase between 2024 and 2029 by in total 4,449.3 U.S. dollars (+33.85 percent). After the sixth consecutive increasing year, the GDP per capita is estimated to reach 17,591.66 U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Cambodia, Singapore, and Philippines.

The Gross Domestic Product (GDP) in Malaysia was worth 399.65 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Malaysia represents 0.38 percent of the world economy. This dataset provides - Malaysia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the gross merchandise value (GMV) of the digital economy in Malaysia amounted to 23 billion U.S. dollars, an increase from 22 billion U.S. dollars the year before. The GMV of digital economy in the country was forecast to reach more than 45 billion U.S. dollars by 2030.

In 2022, the estimated total GDP of all ASEAN states amounted to approximately 3.67 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

Malaysia All Sectors: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data was reported at 0.000 % in 2021. Malaysia All Sectors: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data is updated yearly, averaging 0.000 % from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 0.000 % in 2021 and a record low of 0.000 % in 2021. Malaysia All Sectors: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Malaysia – Table MY.OECD.ESG: Environmental: Effective Carbon Rates: by Sector: Non OECD Member: Annual. The carbon pricing score answers the question how close countries are to price carbon in line with carbon costs. EUR 60 is a midpoint estimate for carbon costs in 2020, and a low-end estimate for 2030. Pricing all emissions at least at EUR 60 in 2020 shows that a country is on a good track to reach the goals of the Paris Agreement to decarbonise by mid-century economically. EUR 30 is a historic low-end estimate for carbon costs, and EUR 120 is a midrange estimate for carbon costs in 2030.; The carbon pricing score answers the question how close countries price carbon emissions in line with carbon costs. EUR 60 per tonne CO2 is a midpoint estimate for carbon costs in 2020, and a low-end estimate for 2030. Pricing all emissions, i.e. 100%, at EUR 60 or more in 2020 shows that a country is on good track to reach the goal of the Paris Agreement to decarbonise by mid-century economically.More generally, a carbon pricing score of 100% shows that a country prices all carbon emissions at the carbon cost estimate or more, and a carbon pricing score of 0% shows that a country does not price any carbon emissions. The carbon pricing score by country, by sector answers the question how close countries price carbon emissions in line with carbon costs within a given sector.For additional information, see Effective Carbon Rates 2021

Malaysia Electricity: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data was reported at 0.000 % in 2021. Malaysia Electricity: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data is updated yearly, averaging 0.000 % from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 0.000 % in 2021 and a record low of 0.000 % in 2021. Malaysia Electricity: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Malaysia – Table MY.OECD.ESG: Environmental: Effective Carbon Rates: by Sector: Non OECD Member: Annual. The carbon pricing score answers the question how close countries are to price carbon in line with carbon costs. EUR 60 is a midpoint estimate for carbon costs in 2020, and a low-end estimate for 2030. Pricing all emissions at least at EUR 60 in 2020 shows that a country is on a good track to reach the goals of the Paris Agreement to decarbonise by mid-century economically. EUR 30 is a historic low-end estimate for carbon costs, and EUR 120 is a midrange estimate for carbon costs in 2030.; The carbon pricing score answers the question how close countries price carbon emissions in line with carbon costs. EUR 60 per tonne CO2 is a midpoint estimate for carbon costs in 2020, and a low-end estimate for 2030. Pricing all emissions, i.e. 100%, at EUR 60 or more in 2020 shows that a country is on good track to reach the goal of the Paris Agreement to decarbonise by mid-century economically.More generally, a carbon pricing score of 100% shows that a country prices all carbon emissions at the carbon cost estimate or more, and a carbon pricing score of 0% shows that a country does not price any carbon emissions. The carbon pricing score by country, by sector answers the question how close countries price carbon emissions in line with carbon costs within a given sector.For additional information, see Effective Carbon Rates 2021

Malaysia Stationery Market size was valued at USD 9.05 Billion in 2023 and is projected to reach USD 15.3 Billion by 2030, growing at a CAGR of 5.2% during the forecast period 2024-2030.

Malaysia Stationery Market Drivers

The growth and development of the Malaysia Stationery Market is attributed to certain main market drivers. These factors have a big impact on how integrated gas systems are demanded and adopted in different sectors. Several of the major market forces are as follows:

Education Sector Growth: There is a constant need for stationery products including notebooks, pencils, pens, and other writing instruments as Malaysia’s education sector grows. This is a result of government attempts to upgrade educational infrastructure as well as rising rates of enrollment in colleges and universities.
Office Sector Expansion: Paper, files, folders, staplers, and other office necessities are always needed for administrative purposes due to the rise in enterprises and offices in Malaysia.
Economic Growth: Consumer spending power is strongly impacted by Malaysia’s overall economic growth. In times of economic expansion, people and companies typically spend more on stationery items for office supplies, personal use, and gift-giving.
Technological Integration: Stationery is still a necessary part of many industries, even with the advances in technology. Even though certain traditional stationery items have been influenced by digitalization, there is still a need for specialty stationery products that meet particular needs. Examples of these products include art supplies, premium paper products, and specialist writing instruments.
Shifting Consumer Preferences: As a result of the growing emphasis on product quality, sustainability, and environmental friendliness, consumer preferences are changing. The need for eco-friendly stationery products, like recycled paper, biodegradable pens, and sustainable packaging, is being driven by this trend.
Growth of E-commerce: The emergence of e-commerce platforms has increased the accessibility of stationery products for customers throughout Malaysia, even those residing in distant places. The market for stationery is expanding due in part to the ease of shopping online and the abundance of options available.
Government Initiatives: The stationery market may benefit from government policies and programs that support small and medium-sized businesses (SMEs), entrepreneurship, and education. Initiatives that offer grants or subsidies for office supplies or school supplies, for example, can increase demand for stationery products.
Trends and Cultural Considerations: The stationery market is influenced by both cultural trends and considerations. For instance, there is a growing market for specialty stationery items that appeal to the interests of calligraphy, art therapy, and bullet journaling.

The Malaysia Freight And Logistics Market is segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others) and by Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage). Market Value (USD) and Market Volume (ton-km, number of parcels, warehousing & storage space in square feet) are both presented. Key Data Points observed include Freight Transport Volume (ton-km) by Mode of Transport; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD); and Freight Pricing Trends (USD per ton-km).

Malaysia DOS Projection: Population: 20 to 24 Years data was reported at 2,888.300 Person th in 2040. This records an increase from the previous number of 2,838.200 Person th for 2035. Malaysia DOS Projection: Population: 20 to 24 Years data is updated yearly, averaging 2,759.400 Person th from Dec 2020 (Median) to 2040, with 5 observations. The data reached an all-time high of 2,888.300 Person th in 2040 and a record low of 2,620.600 Person th in 2030. Malaysia DOS Projection: Population: 20 to 24 Years data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Malaysia – Table MY.G002: Population: Projection: Department of Statistics.

Malaysia Road: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 120 per Tonne of CO2 data was reported at 0.000 % in 2021. Malaysia Road: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 120 per Tonne of CO2 data is updated yearly, averaging 0.000 % from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 0.000 % in 2021 and a record low of 0.000 % in 2021. Malaysia Road: Carbon Pricing Score: Including Emissions from the Combustion of Biomass: EUR 120 per Tonne of CO2 data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Malaysia – Table MY.OECD.ESG: Environmental: Effective Carbon Rates: by Sector: Non OECD Member: Annual. The carbon pricing score answers the question how close countries are to price carbon in line with carbon costs. EUR 60 is a midpoint estimate for carbon costs in 2020, and a low-end estimate for 2030. Pricing all emissions at least at EUR 60 in 2020 shows that a country is on a good track to reach the goals of the Paris Agreement to decarbonise by mid-century economically. EUR 30 is a historic low-end estimate for carbon costs, and EUR 120 is a midrange estimate for carbon costs in 2030.; The carbon pricing score answers the question how close countries price carbon emissions in line with carbon costs. EUR 120 per tonne CO2 is a central estimate for carbon costs in 2030.More generally, a carbon pricing score of 100% shows that a country prices all carbon emissions at the carbon cost estimate or more, and a carbon pricing score of 0% shows that a country does not price any carbon emissions.The carbon pricing score by country, by sector answers the question how close countries price carbon emissions in line with carbon costs within a given sector.For additional information, see Effective Carbon Rates 2021

The ratio of government expenditure to GDP in Malaysia was forecast to decrease between 2024 and 2029 by in total 1.2 percentage points. This overall decrease does not happen continuously, notably not in 2027. The ratio is estimated to amount to 20.6 percent in 2029. Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.Find more key insights for the ratio of government expenditure to GDP in countries like Thailand, Indonesia, and Vietnam.

In 2022, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at 2.4 percent of its GDP. Palm oil is one of Malaysia’s primary industries, and its main agricultural export globally.

Importance of palm oil to the Malaysian economy

Malaysia is the world’s second-largest producer and exporter of palm oil, after Indonesia. In 2022, it exported around 15 million metric tons of palm oil and palm-based products. These exports were valued at around 137 billion Malaysian ringgit. All in all, the palm oil industry contributed around 35 billion ringgit to Malaysia’s total gross domestic product.

Outlook of the palm oil industry

In recent years, concerns about the negative impact of palm oil cultivation on the environment, as well as the rise of protectionism in the global economy, has threatened Malaysia’s palm oil industry. The European Union, Malaysia’s most valuable export market, had effectively passed a law to phase out the use of palm oil in biofuels by 2030. Furthermore, unfavorable weather and the COVID-19 pandemic had led to a decrease in palm oil stockpiles and production.

To counter the volatility in global palm oil demand, Indonesia, the commodity’s largest producer and exporter, had introduced policies to increase domestic consumption through biofuels. Malaysia’s domestic consumption of palm oil, however, is but a small fraction of what it exports. It would therefore need to do more to secure a market for its palm oil.

The ratio of national debt to gross domestic product (GDP) in Malaysia was forecast to continuously increase between 2024 and 2029 by in total 1.3 percentage points. According to this forecast, in 2029, the ratio will have increased for the fourth consecutive year to 69.64 percent. The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Cambodia, Brunei, and Singapore.

The budget balance in relation to the GDP in Malaysia was forecast to continuously increase between 2024 and 2029 by in total 0.4 percentage points. The budget balance is estimated to amount to -3.22 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Vietnam, Timor-Leste, and Philippines.

The share of the manufacturing industry to the gross domestic product (GDP) in Malaysia in 2023 was at 23 percent. Although this was a slight decrease compared to the previous year, manufacturing was still the second largest economic sector in the country, contributing more than 366 billion Malaysian ringgit to the GDP in the same year. Important sector for employment As a large sector that comprises different important industries, including electrical and electronics (E&E), automotive manufacturing, as well as food manufacturing, manufacturing in Malaysia is a main source of employment. The number of people employed in the manufacturing industry has been constantly increasing in the past decade and reached around 2.8 million people in 2023. Foreign investments in manufacturing The manufacturing industry in Malaysia also attracts foreign investors. As of 2023, the value of approved foreign investments in manufacturing was at around 128.5 billion Malaysian ringgit, while domestic investments stood at approximately 23.5 billion Malaysian ringgit. The current government planned to further increase investments in the manufacturing sector and create thousands of new jobs with the New Industrial Master Plan 2030.

Malaysia Off-road: Carbon Pricing Score: Excluding Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data was reported at 0.000 % in 2021. Malaysia Off-road: Carbon Pricing Score: Excluding Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data is updated yearly, averaging 0.000 % from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 0.000 % in 2021 and a record low of 0.000 % in 2021. Malaysia Off-road: Carbon Pricing Score: Excluding Emissions from the Combustion of Biomass: EUR 60 per Tonne of CO2 data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Malaysia – Table MY.OECD.ESG: Environmental: Effective Carbon Rates: by Sector: Non OECD Member: Annual. The carbon pricing score answers the question how close countries are to price carbon in line with carbon costs. EUR 60 is a midpoint estimate for carbon costs in 2020, and a low-end estimate for 2030. Pricing all emissions at least at EUR 60 in 2020 shows that a country is on a good track to reach the goals of the Paris Agreement to decarbonise by mid-century economically. EUR 30 is a historic low-end estimate for carbon costs, and EUR 120 is a midrange estimate for carbon costs in 2030.; The carbon pricing score answers the question how close countries price carbon emissions in line with carbon costs. EUR 60 per tonne CO2 is a midpoint estimate for carbon costs in 2020, and a low-end estimate for 2030. Pricing all emissions, i.e. 100%, at EUR 60 or more in 2020 shows that a country is on good track to reach the goal of the Paris Agreement to decarbonise by mid-century economically.More generally, a carbon pricing score of 100% shows that a country prices all carbon emissions at the carbon cost estimate or more, and a carbon pricing score of 0% shows that a country does not price any carbon emissions. The carbon pricing score by country, by sector answers the question how close countries price carbon emissions in line with carbon costs within a given sector.For additional information, see Effective Carbon Rates 2021

In 2023, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at 3.7 percent of its GDP. Palm oil is one of Malaysia’s primary industries, and its main agricultural export globally. Importance of palm oil to the Malaysian economy Malaysia is the world’s second-largest producer and exporter of palm oil, after Indonesia. In 2023, it exported around 14.8 million metric tons of palm oil and palm-based products. These exports were valued at around 102 billion Malaysian ringgit. All in all, the palm oil industry contributed around 36 billion ringgit to Malaysia’s total gross domestic product. Outlook of the palm oil industry In recent years, concerns about the negative impact of palm oil cultivation on the environment, as well as the rise of protectionism in the global economy, has threatened Malaysia’s palm oil industry. The European Union, Malaysia’s most valuable export market, had effectively passed a law to phase out the use of palm oil in biofuels by 2030. Furthermore, unfavorable weather and the COVID-19 pandemic had led to a decrease in palm oil stockpiles and production. To counter the volatility in global palm oil demand, Indonesia, the commodity’s largest producer and exporter, has introduced policies to increase domestic consumption through biofuels. Malaysia’s domestic consumption of palm oil, however, is but a small fraction of what it exports. It would therefore need to do more to secure a market for its palm oil.

This statistic shows the average inflation rate in Malaysia from 1987 to 2023, with projections up to 2029. In 2023, the average inflation rate in Malaysia amounted to about 2.49 percent compared to the previous year.

Malaysia's economy is slowly recovering

The inflation rate is the annual rate of increase of a price index, normally the consumer price index over time. If the same item bought today for 1 U.S. dollar is bought again one year from now, but for 1.03 U.S. dollars, then the inflation rate is at 3 percent. Generally, a low inflation rate is sought by every country, and a rate of 3 percent, as is estimated for Malaysia in the next few years, is considered low. However, there was a slight rise in Malaysia’s inflation rate, from close to 2 percent in 2010 to a little over 3 percent in 2011. In 2012, it dropped back down to its normal rate, but future estimates predict a slight increase once again. Perhaps this increase has come from initial worries concerning the country’s slowing economy as the country’s GDP growth slowed from 7.43 percent in 2010 to 5.19 percent in 2011, or its negative budget balance in relation to GDP which was at its recent worst in 2010 at -4.66 percent. At the same time, the country’s national debt was also rising, but predictions show that this trend is reversing. Yet, the economic outlook and inflation rate still appear stable for the future of Malaysia, and the inflation rate is below the global inflation rate. Furthermore, the country’s GDP continues to rise and totaled 326.93 billion U.S. dollars in 2013.

The statistic shows gross domestic product (GDP) per capita in the ASEAN countries from 2019 to 2022, with projections up until 2029. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The ASEAN (Association of Southeast Asian Nations) region in Asia comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2022, GDP per capita in Brunei amounted to around 37,452.92 U.S. dollars.