malaysia gdp per capita, ppp

National Accounts Gross Domestic Product. Definition: This entry shows real GDP, divided by population as of 1 July for the same year. GDP growth moderated to 5.6% year on year in the first quarter from 7.1% in the fourth quarter of last year. GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. This site uses cookies to optimize functionality and give you the best possible experience. 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. The downturn was broad-based, with growth in private consumption and, fixed investment weakening, and . Malaysia GDP Per Capita: $28,084. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Malaysia GNI: PPP: GNI per Capita data remains active status in CEIC and is reported by World Bank. The Trading Economics Application Programming Interface (API) provides direct access to our data. DEPARTMENT OF STATISTICS, MALAYSIA, Mohd Yusrizal Ab. The Construction sector grew by 12.9 per cent, compared to a decline of 15.5 per cent the previous year, supported by the non-residential building subsector. The Gross Domestic Product per capita in Malaysia was last recorded at 26333.16 US dollars in 2021, when adjusted by purchasing power parity (PPP). The Manufacturing sector rose by11.2 per cent (2020: -8.6%), driven by the petroleum, chemical, rubber and plastics products subsector. )note: data are in 2010 dollars. Pulau Pinang's value added reached RM99.0 billion (2020: RM92.7 billion), a rebound of 6.8 per cent from a negative 2.1 per cent in 2020. GDP per Capita PPP in Malaysia averaged 19138.83 USD from 1990 until 2022, reaching an all time high of 28315.37 USD in 2022 and a record low of 10607.77 USD in 1990. However, the Agriculture sector in Terengganu dropped by 5.3 per cent (2020: -3.7%), due to the decline in the crops subsector. State of Health COVID-19 cases worldwide as of May 2, 2023, by country or territory State of Health Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of May 2, 2023 International. National average is 11,281 US$. World Bank national accounts data, and OECD National Accounts data files. The GDP per capita by state in 2020-2021has been revised based on the Current Population Estimates 2022, which was published on 29th July 2022. States with significant contributions in the wholesale & retail trade, finance & insurance, information & communication and government services subsectors are the driving force of this sectors growth. Feedback. < 5,000 US$ 5,000 - < 7,000 US$ 7,000 - < 9,000 US$ 9,000 - < 11,281 US$ 11,281 - < 13,000 US$ 13,000 - < 15,000 US$ 15,000 - < 20,000 US$ > 20,000 US$ To learn more about cookies, click here. Credit Suisse, Zrich, Environmental, Social & Governance Indexes, Data for individual countries and underlying data click on the country name, 1 Ivory Square, Plantation Wharf, London, SW11 3UE. GDP per capita ($/Int. The Services sector expanded by2.1 per cent (2020: -5.5%), led by the wholesale & retail trade, information & communication and utilities subsectors. note: data are in 2010 dollars. Knoema, an Eldridge business, is the premier data platform and the most comprehensive source of global decision-making data in the world. Fax : +603-8888 9248 Kuala Lumpur (RM111,292), W.P. Email: yusrizal.razak@dosm.gov.my, Subscribe to our release newsletter and stay updated. Real GDP per capita based on PPP of Malaysia increased from 16,156 international dollars in 2002 to 26,333 international dollars in 2021 growing at an average annual rate of 2.65%. To learn more about cookies, click here. The Manufacturing sector grew by 12.4 per cent (2020: 2.8%), supported by electrical, electronic, and optical products subsector. Aaron O'Neill , Apr 14, 2023. GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. The economic distress that shook Malaysia in 2020 appears to be winding down as the country embarks into 2021. The GDP per Capita, in Malaysia, when adjusted by Purchasing Power Parity is equivalent to 152 percent of the world's average. In 2021, GDP per capita for Malaysia was 11,408 US dollars. The Manufacturing sector recorded solid growth of 9.2 per cent (2020: 3.5%), backed by the electrical, electronic and optical products subsector. Labuan recorded a marginal growth of 0.5% compared to a negative 0.4% in the previous year, recording a value added of RM7.6 billion. Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021, Variable: Gross domestic product per capita, current prices. GDP per capita based on purchasing power parity (PPP). GDP per capita (constant LCU) - Malaysia. The following table is a list of the GDP per capita of Malaysian states released by the Department of Statistics Malaysia. Malaysian Ringgit to US Dollar Rates", "XE: MYR / EUR Currency Chart. Forecast: GDP PPP Per Capita (PPP Intl $) 2027: yearly 1980 - 2027 . Tel : +603-8885 7942 Data source: World Economics Research, London and Selangor showed signs of revival in 2021, growing 5.0 per cent from a negative 5.2 per cent in the previous year. Download all data featured on World Economics in a simple and consiatant format. The Manufacturing sector flourished by 13.1 per cent(2020: -0.7%), aided by electrical, electronic & optical products and petroleum, chemical, rubber & plastic products. Malaysia's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries. Advanced users can use our Python/R/Matlab packages. GDP per capita in Malaysia GDP growth grows at softest pace in a year in Q1. [a] For rankings regarding wealth, see list of countries by wealth per adult . Units: Purchasing power parity; international dollars. The surge in demand for semiconductor chips in recent years has fueled the double-digit growth, particularly in Selangor (13.1%) and Pulau Pinang (12.4%). Sarawak's GDP grew by 2.9 per cent (2020: -6.8%) with an economic value of RM131.2 billion (2020: RM127.5 billion). Current job openings: Download historical data for 20 million indicators using your browser. Advanced users can use our Python/R/Matlab packages. The IMF is not a primary source for purchasing power parity (PPP) data. Okay to continue In contrary, the Agriculture sector fell by 0.6 per cent (2020: 3.4%), influenced by the vegetable crops subsector. GDP per capita is calculated by dividing GDP by midyear population. GDP per capita, PPP (constant 2017 international $), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies . Five states surpassed the national level: W.P. The Manufacturing sector climbed by 3.3% (2020: -8.5%), driven by petroleum, chemical, rubber, and plastic products and electrical, electronic & optical products. Notes: 1. The Services sector expanded by 1.8 per cent (2020: -7.3%), led by the wholesale & retail trade, information & communication and utilities subsectors. The Manufacturing sector contracted by 1.0%(2020: -1.2%), influenced by the chemical and chemical products subsector. To make a meaningful comparison, PPP is used to compare people's economies and incomes by adjusting for differences in prices in different countries. On the contrary, the Agriculture sector fell by 2.4 per cent (2020: -6.7%), owing to a contraction in the crop subsector, primarily oil palm activity. The GDP per Capita, in Malaysia, when adjusted by Purchasing Power Parity is equivalent to 148 percent of the world's average. Register to get unlimited access to more than 11.1b time series and visualizations. Luxembourg is the top country by GDP per capita based on PPP in the world. In 2021, Sabahs GDP rose by 1.1 per cent compared to a contraction of 9.2 per cent in the previous year, to record a value added of RM78.7 billion (2020: RM77.8 billion). Among the major contributors to the growth were the wholesale & retail trade, utilities, and information & communication subsectors. W.P. In 2019, the estimated average GDP per capita (PPP) of all of the countries of the world was Int$ 18,381. Razak The Services sector, which accounted for 57.0 per cent (Chart 2) of Malaysias economy, rebounded by 1.9 per cent in 2021 after declining by 5.4 per cent the previous year. Five states surpassed the national level: W.P. The GDP of Perlis expanded by 1.5 per cent in 2021 (2020: -6.0%), registering a value added of RM5.9 billion compared to RM5.8 billion in the previous year. [1][2], As of 3 November 2022 Malaysian Ringgit (symbol: RM, currency code: MYR) is equivalent to 0.211 United States dollar[3] or 0.213 Euros. The Construction sector, on the other hand, fell by 18.0 per cent (2020: -37.7%). Current account balance as a share of GDP. The Trading Economics Application Programming Interface (API) provides direct access to our data. Malaysia GDP Per Capita: $11,132. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. White label accounts can distribute our data. In 2021, GDP per capita based on PPP for Malaysia was 28,929 international dollars. The Services sector expanded by 1.6 per cent (2020: -5.8%), underpinned by the wholesale & retail trade, finance & insurance and information & communication subsectors. GDP per capita, PPP (current international $) in Malaysia was reported at 28929 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Standard users can export data in a easy to use web interface or using an excel add-in. Our website uses cookies to improve your online experience. The Manufacturing sector expanded by 6.1 per cent (2020: -4.1%), driven by the chemicals, chemical products and pharmaceutical products subsector. Melakas GDP rose by 2.0 per cent, to reach RM41.8 billion, from RM41.0 billion the previous year. The Services sector rose by 2.4 per cent (2020: -4.0%), led by the utilities, wholesale & retail trade and information & communication subsectors. Kuala Lumpur and Selangor remained the major contributors with economic growth of 1.6 per cent (2020: -5.8%) and 2.2 per cent (2020: -6.6%), respectively. GDP per capita is gross domestic product divided by midyear population. Direct access to our data from your apps using any programing language. *Includes W.P . The Services sector grew by 2.2 per cent (2020:-6.6%), fuelled by the wholesale & retail trade, finance & insurance, transportation & storage and information & communication subsectors. Similarly, the Manufacturing sector grew by 5.5 per cent, with increases in electrical, electronic & optical products as well as chemical & chemical products. Apply Get this data max 1y . We have a plan for your needs. Notes: Trading Economics welcomes candidates from around the world. Meanwhile, the Manufacturing sector rose by 4.3 per cent (2020: -6.3%), buoyed by the electrical, electronic & optical products and oils and fats from vegetables & animals and food processing subsectors. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. The gross domestic product in current prices in Malaysia was forecast to continuously increase between 2023 and 2028 by in total 188 billion U.S. dollars (+42.06 . Share of Global Growth GDP Data Quality GDP - Quality Rating Informal Economy Size GDP Data Base Year System of National Accounts Statistical Capacity Index Corruption Perceptions Index Wealth Income & Asset Wealth per Capita GDP Per Capita by Country GDP Per Capita CAGR Growth GDP Per Capita - Quality Raitings Inequality Inequality Index It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP per capita, PPP - Country rankings * indicates monthly or quarterly data series GDP per capita, Purchasing Power Parity, 2021 - Country rankings: The average for 2021 based on 11 countries was 23906.98 U.S. dollars.The highest value was in Singapore: 106032.23 U.S. dollars and the lowest value was in Burma (Myanmar): 4032.63 U.S. dollars. Our revolutionary technology changes the way individuals and organizations discover, visualize, model, and present their data and the world's data to facilitate better decisions and better outcomes. An international dollar (int$) has the same purchasing power over GDP as a United States dollar. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Factbook > Countries > Malaysia > Economy, GDP - per capita (PPP): $28,364 (2019 est. Malaysia GNI: PPP: GNI per Capita data is updated yearly, averaging 14,175.000 Intl $ from Dec 1990 to 2017, with 28 observations. "This was backed by electrical, electronic and optical products following increased global demand for semiconductors," the report said. GDP per capita of Malaysia increased from 4,442 US dollars in 2002 to 11,408 US dollars in 2021 growing at an average annual rate of 5.54%. However, the sector's expansion is buoyed by the double-digit increase in vegetable production. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or numeraire currency. In contrast, the Construction sector dropped by 12.1 per cent, largely due to the decline in building and civil engineering subsectors. The Agriculture sector expanded 4.9 per cent (2020: 0.3%), led by the crops, livestock and fisheries subsectors. Definition: This entry shows real GDP, divided by population as of 1 July for the same year.

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