| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 6.06 | 7.2 | 5.02 | 3.0 | 4.04 | 3.5 | 5.1 | 5.2 | 4.7 | 4.3 |
| CPI % | 3.27 | 3.56 | 2.46 | 1.15 | 1.87 | 2.5 | 1.8 | 1.4 | 1.9 | 2.0 |
| Unemployment rate | 7.22 | 3.16 | 3.48 | 3.5 | 3.33 | 3.4 | 3.2 | 3.0 | 3.0 | 3.0 |
| Debt/GDP % | 74.1 | 42.23 | 40.02 | 50.8 | 56.44 | 69.7 | 69.8 | 70.7 | 69.5 | 68.7 |
| Current account balance/GDP % | -2.7 | -0.43 | 12.01 | 12.35 | 4.16 | 1.1 | 1.4 | 1.6 | 1.4 | 1.6 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
Malaysia’s location has long made it an important cultural, economic, historical, social, and trade link between the islands of Southeast Asia and the mainland. Through the Strait of Malacca, which separates the Malay Peninsula from the archipelago, flowed maritime trade and with it influences from China, India, the Middle East, and the east coast of Africa. Prior to the 14th century, several powerful maritime empires existed in what is modern-day Malaysia, including the Srivijayan, which controlled much of the southern part of the peninsula between the 7th and 13th centuries, and the Majapahit Empire, which took control over most of the peninsula and the Malay Archipelago between the 13th and 14th centuries. The adoption of Islam between the 13th and 17th centuries also saw the rise of a number of powerful maritime states and sultanates on the Malay Peninsula and the island of Borneo, such as the port city of Malacca (Melaka), which at its height in the 15th century had a navy and hosted thousands of Chinese, Arab, Persian, and Indian merchants. The Portuguese in the 16th century and the Dutch in the 17th century were the first European colonial powers to establish themselves on the Malay Peninsula and in Southeast Asia. However, it was the British who ultimately secured hegemony across the territory and during the late 18th and 19th centuries established colonies and protectorates in the area that is now Malaysia. Japan occupied these holdings from 1942 to 1945. In 1948, the British-ruled territories on the Malay Peninsula (except Singapore) formed the Federation of Malaya, which became independent in 1957. Malaysia was formed in 1963 when the former British colonies of Singapore, as well as Sabah and Sarawak on the northern coast of Borneo, joined the Federation. A communist insurgency, confrontations with Indonesia, Philippine claims to Sabah, and Singapore's expulsion in 1965 marred the first several years of the country's independence. During the 22-year term of Prime Minister MAHATHIR Mohamad (1981-2003), Malaysia was successful in diversifying its economy from dependence on exports of raw materials to the development of manufacturing, services, and tourism. Former Prime Minister MAHATHIR and a newly formed coalition of opposition parties defeated Prime Minister Mohamed NAJIB bin Abdul Razak's United Malays National Organization (UMNO) in 2018, ending over 60 years of uninterrupted UMNO rule. From 2018-2022, Malaysia underwent considerable political upheaval, with a succession of coalition governments holding power. Following legislative elections in 2022, ANWAR Ibrahim was appointed prime minister after more than 20 years in opposition. His political coalition, Pakatan Harapan (PH), joined its longtime UNMO rival to form a government, but the two groups have remained deeply divided on many issues.
Area: 329,847 sq km km2
Climate: tropical; annual southwest (April to October) and northeast (October to February) monsoons
Natural resources: tin, petroleum, timber, copper, iron ore, natural gas, bauxite
Groups: Bumiputera 63.8% (Malay 52.8% and indigenous peoples, including Orang Asli, Dayak, Anak Negeri, 11%), Chinese 20.6%, Indian 6%, other 0.6%, non-citizens 9% (2023 est.)
Languages: Bahasa Malaysia (official), English, Chinese (Cantonese, Mandarin, Hokkien, Hakka, Hainan, Foochow), Tamil, Telugu, Malayalam, Panjabi, Thai
Religions: Muslim (official) 63.5%, Buddhist 18.7%, Christian 9.1%, Hindu 6.1%, other (Confucianism, Taoism, other traditional Chinese religions) 0.9%, none/unspecified 1.8% (2020 est.)
Capital: Kuala Lumpur
Government type: federal parliamentary constitutional monarchy
Chief of state: King Sultan IBRAHIM ibni al-Marhum Sultan Iskandar (since 31 January 2024)
Head of government: Prime Minister ANWAR Ibrahim (since 24 November 2022)
Description: Parliament (Parlimen) - bicameral
upper middle-income Southeast Asian economy; implementing key anticorruption policies; major electronics, oil, and chemicals exporter; trade sector employs over 40% of jobs; key economic equity initiative; high labor productivity
Peninsular Malaysia - rubber and oil palm processing and manufacturing, petroleum and natural gas, light manufacturing, pharmaceuticals, medical technology, electronics and semiconductors, timber processing; Sabah - logging, petroleum and natural gas production; Sarawak - agriculture processing, petroleum and natural gas production, logging
GDP by sector: Agriculture: 8.2% (2024 est.), Industry: 37.1% (2024 est.), Services: 53.6% (2024 est.)
Export partners: China 21%, Singapore 12%, USA 12%, Japan 5%, Hong Kong 5% (2023)
Export commodities: integrated circuits, refined petroleum, crude petroleum, natural gas, palm oil (2023)
Import partners: China 24%, Singapore 11%, USA 7%, Japan 5%, Taiwan 5% (2023)
Import commodities: integrated circuits, refined petroleum, crude petroleum, coal, broadcasting equipment (2023)
Southeastern Asia, peninsula bordering Thailand and northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, south of Vietnam
Military expenditure: 2024: 1% of GDP (2024 est.)
Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.