Malaysian Income Level Statistic

In january 2019 malaysia increased the minimum wage in the. Graph map and compare more than 1 000 time series indicators from the world development indicators. For income of a typical worker look at the median gross monthly income.

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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.

Malaysian income level statistic. 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. Pulau pinang and the remaining 12 states median income level did not exceed the median income level for the m40 group in malaysia. Resident households by monthly household income from work including employer cpf contributions 2000 2019 table 9a.

This means the rest still have a gap to close in order to improve the income gap between urban and rural areas. Apart from kuala lumpur selangor and putrajaya. 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.

Gross national product in malaysia decreased to 289 20 myr billion in the second quarter of 2020 from 341 50 myr billion in the first quarter of 2020. Personal interviewing approach was used for a period of twelve months starting from may 2016 until april 2017. Malaysia from the world bank.

Gross monthly income from work is the widest measure of income from employment covering both employees and the self employed. Household income basic amenities survey report 2019. The department of statistics malaysia has conducted household income and basic amenities survey his ba in 2016 and 2017 to collect data on the characteristics of malaysian household particularly on income and basic amenities.

Gross national product in malaysia averaged 230 20 myr billion from 2005 until 2020 reaching an all time high of 359 54 myr billion in the fourth quarter of 2019 and a record low of 127 10 myr billion in the first quarter of 2005. Income from employment is a key indicator of economic well being. 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.

Overall household income level and change table 8. Moreover mean income rose at 4 2 per cent in 2019. Statistical capacity score overall average details.

The high cost of foodstuff is a financial strain on low income households who spent close to 40 percent of their income on food. In 2019 the average mean monthly salary in malaysia was around 3 2 thousand malaysian ringgit. In 2019 mean income in malaysia was rm7 901 while malaysia s median income recorded at rm5 873.

Statistics on household income are compiled by the singapore department of statistics.