The gross domestic product (GDP) in current prices in Malaysia amounted to about 419.62 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 392.86 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 180.06 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The gross domestic product (GDP) per capita in Malaysia was 12,540 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 10,610 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 4,280 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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 rates and then divided by the total population. The gross domestic product 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).

Gross domestic product (GDP) of Malaysia grew 5.11 percent in 2024 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) in Malaysia was worth 421.97 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Malaysia represents 0.40 percent of the world economy. This dataset provides - Malaysia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Malaysia amounted to about 0.70 percent in 2024. From 1980 to 2024, the share rose by approximately 0.38 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the share will rise by around 0.04 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

In 2024, the ratio of national debt to gross domestic product (GDP) of Malaysia was about 70.39 percent. Between 1990 and 2024, the figure dropped by approximately 3.74 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by around 0.41 percentage points, showing an overall upward trend with periodic ups and downs.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.

The statistic shows gross domestic product (GDP) per capita in the ASEAN countries from 2020 to 2023, with projections up until 2030. 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 2023, GDP per capita in Brunei amounted to around 33,507.41 U.S. dollars.

Malaysia: Current account balance forecast, percent of GDP: The latest value from 2030 is 2.06 percent, an increase from 2.05 percent in 2029. In comparison, the world average is -0.96 percent, based on data from 181 countries. Historically, the average for Malaysia from 1980 to 2030 is 2.98 percent. The minimum value, -12.25 percent, was reached in 1982 while the maximum of 16.3 percent was recorded in 2008.

Malaysia: Budget balance forecast, percent of GDP: The latest value from 2030 is -3.48 percent, a decline from -3.47 percent in 2029. In comparison, the world average is -2.33 percent, based on data from 81 countries. Historically, the average for Malaysia from 1991 to 2030 is -2.33 percent. The minimum value, -6.83 percent, was reached in 2000 while the maximum of 6.84 percent was recorded in 1994.

In 2024, the gross merchandise value (GMV) of the digital economy in Malaysia amounted to ** billion U.S. dollars, an increase from ** billion U.S. dollars the year before. The GMV of digital economy in the country was forecast to reach more than ** billion U.S. dollars by 2030.

In Malaysia Sharing Economy Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

In 2024, the budget balance in relation to the gross domestic product (GDP) in Malaysia amounted to about -3.95 percent. Between 1990 and 2024, the figure dropped by approximately 4.10 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 0.47 percentage points, showing an overall upward trend with periodic ups and downs.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 expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

In 2024, the ratio of government expenditure to GDP in Malaysia was approximately 23.88 percent. Between 1990 and 2024, the figure dropped by around 6.65 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily decline by about 2.16 percentage points from 2024 to 2030.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.

Malaysia: Budget balance forecast, percent of GDP: Für diesen Indikator stellen wir Daten für Malaysia von 1991 bis 2030 bereit. Der durchschnittliche Wert für Malaysia in diesem Zeitraum lag bei -2.33 Prozent mit einem Minimum von -6.83 Prozent im Jahre 2000 und einem Maximum von 6.84 Prozent im Jahre 1994. Der neuste Wert aus dem Jahr 2030 liegt bei -3.48 Prozent. Zum Vergleich: Der Weltdurchschnitt im Jahr 2030, basierend auf 81 Ländern, liegt bei -2.33 Prozent.

In 2024, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at *** 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 2024, it exported around **** million metric tons of palm oil and palm-based products. These exports were valued at around ** billion Malaysian ringgit. All in all, the palm oil industry contributed around ** 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.

As per Cognitive Market Research's latest published report, The Southeast Asia Corporate Secretarial Services market size will be $313.78 Million by 2028. The Southeast Asia Corporate Secretarial Services Industry's Compound Annual Growth Rate will be 5.68% from 2023 to 2030. Factors Impacting Southeast Asia Corporate Secretarial Services Market Growth

Rising economy of Southeast Asia due to rising SME's

Southeast Asia has become one of the major players in today’s global economy. With a combined GDP of US$2.7 billion (3.5% of the world GDP) in 2017, the ASEAN economy is projected to grow over 5% per year and become the fourth largest economy in the world by 2030. However, SMEs has played major role in developing economy. These SMEs contribute to each AMS’ GDP between 30% and 53%, with export contribution between 10% and 30%. Thus, it makes real contribution to income and employment generation, gender and youth empowerment through their diverse business participation, and their widespread presence in non-urban and rural areas.

However, with the increasing number of players and businesses, competitive approach has also increased drastically. Every small and medium business along with large enterprises ensures their digital presence and are efficiently utilizing digital technology to sustain in the market.

There are various significant issues on inconsistent and arbitrary definitions of SMEs within and between countries, across regulatory bodies, government departments, and professional institutions. Differences in existing laws, rules and regulatory frameworks, and the nature of Southeast Asia as a politically, socially, and economically diverse region, contribute to difficulties in negotiating and adopting a common and coherent regional definition. Thus, to sustain in the changing market dynamics, quality of thinking and delivery are more important than ever. This can be done by leveraging upon the expertise of the personnel.

Hence, growing SMEs in Southeast Asia region drives the growth of corporate secretarial services market.

Market Dynamics of

Southeast Asia Corporate Secretarial Services Market

Key Drivers of

Southeast Asia Corporate Secretarial Services Market

Increasing Regulatory Complexity in Southeast Asia : As countries in Southeast Asia enhance their corporate governance standards, the demand for professional secretarial services is on the rise. Regular updates to regulations, compliance requirements, and cross-border reporting obligations drive businesses to seek expert assistance. Corporate secretarial firms play a crucial role in navigating these changing frameworks and avoiding legal repercussions, making them vital partners for both domestic and international operations. This shift in regulation is fostering ongoing demand among public, private, and foreign-owned companies.

Growth of Foreign Direct Investment (FDI) in the Region : With a surge in foreign investments into nations such as Singapore, Malaysia, Indonesia, and Vietnam, there is a notable increase in the need for secretarial services that assist with company registration, legal structuring, and compliance documentation. These services facilitate entry for foreign enterprises that may be unfamiliar with local regulations. Corporate secretarial providers deliver comprehensive support, ensuring a seamless setup and operation, thus playing an essential role in promoting the growth of international businesses in the region.

Emergence of Startups and SMEs : The vibrant startup landscape and the increasing number of small- and medium-sized enterprises (SMEs) in Southeast Asia are driving the demand for affordable secretarial support. Startups often choose to outsource their administrative, legal, and compliance responsibilities to concentrate on their core business activities. Corporate secretarial service providers present flexible packages designed for small businesses, allowing them to maintain compliance without the need for in-house teams. This adaptability bolsters the entrepreneurial surge across countries like Thailand, the Philippines, and Vietnam.

Key Restraints in

Southeast Asia Corporate Secretarial Services Market

Lack of Standardization Across Jurisdictions : Each country in Southeast Asia possesses its unique regulatory framework, featuring varying rules regarding company formation, filing deadlines, and complian...

The population in Malaysia grew to 32.45 million people in 2020. This is in line with a steady positive trend that has been happening since at least 2016 and is forecast to continue until at least 2030, as well as with the growth rates in other ASEAN countries. Malaysian demographics As the fertility rate slowly declines, the population growth rate should slowly decline as well. However, since life expectancy is also slowly increasing, this can still fuel population growth, as we see in this statistic. In Malaysia, this is leading to a healthy age structure, with a large group of working-age people who are able to support a smaller number of old and young people. Economic effects A growing population should lead to an increasing gross domestic product (GDP), simply because more people means more consumers and workers. This is especially effective if the country is at full employment. Given the generally low level of unemployment in Malaysia, it is fairly safe to assume that this is true.

The share of the manufacturing industry to the gross domestic product (GDP) in Malaysia in 2024 is projected to be at **** percent. Although this reflects a slight decrease compared to the previous year, manufacturing remains the second largest economic sector in the country, contributingaround *** 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 *** million people in 2024. Foreign investments in manufacturing The manufacturing industry in Malaysia also attracts foreign investors. As of 2023, the value of approved foreign investments in manufacturing is at around ***** billion Malaysian ringgit, while domestic investments stand at approximately **** billion Malaysian ringgit. The current government plans to further increase investments in the manufacturing sector and create thousands of new jobs with the New Industrial Master Plan 2030.

This statistic shows the average inflation rate in Malaysia from 1987 to 2024, with projections up to 2030. In 2024, the average inflation rate in Malaysia amounted to about 1.83 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.

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from ** percent inflation in Myanmar to **** percent inflation in Thailand in 2025. Only a few countries are in the 2 to 6 percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.