Browse a full set of economic indicators


Includes historical data for Malaysia’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

A Manufacturing And Service Hub

A British colony until 1957, Malaysia has since transformed its economy from one primarily reliant on agriculture and commodities to a dynamic, multi-sector one. Today, Malaysia is a thriving manufacturing and service hub, and an exporter of electronics, semiconductors, refined petroleum and natural gas. The Malaysian economy is also supported by a well-regulated banking system, a robust research and development (R&D) industry, and policies promoting open markets and private sector initiatives.

As both a result and a cause, foreign direct investment (FDI) has played a significant role in Malaysia’s economic development. Additionally, Malaysia benefits from bilateral investment treaties and membership in ASEAN and the World Trade Organization.

However, challenges remain. Malaysia’s budget relies heavily on the performance of the oil and gas sector, rising labor costs erode price competitiveness, while high dependency on food imports and ethnic and religious disputes pose additional concerns.

Macroeconomy & Sovereign Data

Type of Government Federal parliamentary constitutional monarchy
Capital Kuala Lumpur
Sovereign Ratings S&P: A–
Moody’s: A3
Fitch: BBB+
Total Population 33.5 million
Median Age 30.8
Adult Per Capita Income (PPP) 41217.54
Total GDP (2023) USD 465.5 billion

Malaysia GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 318.9 billion (2022)
Leading Exports Integrated Circuits
Refined Petroleum
Crude Petroleum
Total Imports USD 467.5 billion (2022)
Leading Imports Integrated Circuits
Refined Petroleum
Palm Oil
Rubber Apparel
Natural Gas
Source: World Integrated Trade Solution

Malaysia Leading Companies

CIMB Bank Financials
Public Bank Financials
Maybank Financials
Petronas (Petroliam Nasional) Energy, Exploration & Production
Tenaga Nasional (TNB) Utilities
Sime Darby Plantation Consumer Staples, Food Production
Axiata Group Telecommunication Services
Malaysia Airlines Transportation, Airlines

Major Trade Partners — Import

China 23.2%
Singapore 9.5%
Other Asia 7.6%
United States 7.6%
Japan 7.5%

Major Trade Partners — Export

China 15.5%
Singapore 14.0%
United States 11.5%
Hong Kong 6.2%
Japan 6.1%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000