The Gross Domestic Product per capita in Malaysia was last recorded at 28350.60 US dollars in 2019, when adjusted by purchasing power parity (PPP). The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. That 22.1% for exports to overall GDP per PPP in 2019 compares to 24.7% one year earlier. 1990-2019 Data | 2020-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. The Malaysian GDP per capita (purchasing power parity) is USD 29,100 (2017 est. The Survey was discussed at a meeting of the Economic and Development Review Committee on 24 April 2019 and is
PETALING JAYA, April 6 — Economic Affairs Minister Datuk Seri Mohamed Azmin Ali today said that Malaysia’s economic approach is to balance fiscal discipline with growth as gross domestic product (GDP) numbers must grow along with the increase in purchasing power of the people.He said it is imperative that as the economic pie expands, the welfare of the people must improve as well.“Despite financial challenges, the government is committed to enhancing the prosperity of Malaysians, alleviate the difficulties faced by families struggling with the rising cost of living and invest in projects that will drive growth throughout the country,” Azmin said in his closing keynote speech at the United Kingdom and Eire Council of Malaysian Students (UKEC)-Graduates Corporate luncheon 2019 held at Royal Lancaster London.Azmin explained that the government must help to break Malaysians out of the middle-income trap.He said the services sector will see an implementation of initiatives through the Services Sector Blueprint, as well as productivity improvements under the Malaysia Productivity Blueprint.“The manufacturing sector will be largely driven by the shift towards high value-added, diverse and complex products, particularly in the fields of electrical and electronics, machinery and equipment, chemicals and chemical products, aerospace and medical devices,” added Azmin.According to authorities, Malaysia’s recent GDP figures indicate no risk of deflation and the economy is expected to expand by 4.9 per cent in 2019.In February, Finance Minister Lim Guan Eng said strong economic growth numbers, immediately dispel any deflationary fears following the drop in January CPI (Consumer Price Index) by 0.7 per cent, which is the lowest in nearly ten years. This Overview is extracted from the 2019 Economic Survey of Malaysia. Consumer Spending in Malaysia averaged 123541.23 MYR Million from 2005 until 2020, reaching an all time high of 218143 MYR Million in the third quarter of 2019 and a record low of 56768 MYR Million in the second quarter of 2005. ), it was USD 27,900 in 2016 and USD 27,100 in 2015. Malaysia - Gross domestic product based on purchasing-power-parity in current prices 1,076.37 (billion international dollars) in 2019 In 2019, GDP based on PPP for … Purchasing Power. Over the last 20 years, GDP per capita based on PPP of Malaysia grew substantially from 13,022 to 32,881 international dollars rising at an increasing annual rate that reached a maximum … Wages in Malaysia increased to 2880 MYR/month in 2017 from 2657 MYR/Month in 2016. In macroeconomic terms, Malaysia’s total exported goods represent 22.1% of its overall Gross Domestic Product for 2019 (1.079 trillion valued in Purchasing Power Parity US dollars). Malaysia - Gross domestic product per capita based on purchasing-power-parity in current prices. Gini Index in Malaysia was 46.2 in 2009 (last year of calculation), ranking 32nd worldwide.
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