Malaysia Income Per Capita 2020

The data reached an all time high of 5 131 307 usd in dec 2014 and a record low of 2 100 510 usd in dec.

Malaysia income per capita 2020. Malaysia gni per capita for 2018 was 10 590 a 6 54 increase from 2017. In exchange rates methods per capita wealth of the richest economy luxembourg would be 985 of the global average while poorest economy south sudan would be only 2 of the world average. Malaysia s annual household income per capita reached 4 820 581 usd in dec 2016 compared with the previous value of 5 131 307 usd in dec 2014. In the latest data available the world bank s online database shows malaysia as having a gni per capita of us 10 590 in 2018 based on the world bank atlas method used to calculate figures for the classification of countries income bracket.

Gdp per capita is often considered an indicator of a country s standard of living. However this is problematic because gdp per capita is not a measure of personal income. In terms of growth median income in malaysia grew by 3 9 per cent per year in 2019 as compared to 6 6 per cent in 2016. South sudan and burundi would be the poorest economy in nominal and ppp respectively.

Malaysia gni per capita for 2016 was 10 150 a 4 96 decline from 2015. Malaysia gni per capita for 2019 was 11 200 a 5 76 increase from 2018. Gdp per capita ppp in malaysia is expected to reach 26150 00 usd by the end of 2020 according to trading economics global macro models and analysts expectations. Friday 10 july 2020 1200.

Moreover mean income rose at 4 2 per cent in 2019. In the long term the malaysia gdp per capita is projected to trend around 12500 00 usd in 2021 and 12900 00 usd in 2022 according to our econometric models. The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets. Malaysia s annual household income per capita data is updated yearly available from dec 2002 to dec 2016 with an averaged value of 3 033 077 usd.

In 2019 mean income in malaysia was rm7 901 while malaysia s median income recorded at rm5 873. Malaysia global economic prospects examines trends for the world economy and how they affect developing countries. Gdp per capita in malaysia is expected to reach 12150 00 usd by the end of 2020 according to trading economics global macro models and analysts expectations. Comparisons of national income are also frequently made on the basis of purchasing power parity ppp to adjust for differences in the cost of living in different countries.

Malaysia gni per capita for 2017 was 9 940 a 2 07 decline from 2016.