Rank Country/region Real GDP growth rate ... Malaysia: 4.69 6.01 5.03 4.22 Update, Insights into the world's most important technology markets, Advertising & Media Outlook > >USA GNP per capita US$ 35400 >> UK GNP per capita US$ 25510 > > Australia GNP per capita US$ 19530 > > Singapore GNP per capita US $ 20690 > > These are developed countries by income measurement > > > > Malaysia GNP per capita US$ 3540 > > Year 2020..developed country? A person working in Singapore typically earns around 8,450 SGD per month. Adult literacy rate > Total: Adult literacy rate is the percentage of people ages 15 and above who can, with understanding, read and write a short, simple statement on their everyday life. This calculation gives economists a way of measuring the standard of living or relative prosperity of people in a specific area. In Latin, "per capita" means "by heads," so per capita income is the same as income per person. ECONOMY MALAYSIA For example the average income of a Project Manager in Malaysia is around 100,000 MYR. 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. Average Monthly Rainfall 1901 - 2009 (mm) The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. Average refers to the mean salary. The cost of living in Kuala Lumpur is 100 percent higher than the national average. 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. Per capita income: $27,520. The poorest economy, South Sudan, would be only 2.4% and 4.6% of the global GDP per capita in nominal and PPP methods, respectively. 1 Malaysian ringgit is equal to 0.24 U.S. dollars and 0.20 euros as of October 2020. A trip to the local grocery store can cost RM50 or RM300. New, Figures and insights about the advertising and media world, Industry Outlook Directly accessible data for 170 industries from 50 countries Countries with the lowest median income include Libera, Burundi, Mali, Benin, Togo, Sierra Leone, and Madagascar. Malaysia was at number 45 out of 72 countries with average monthly salary of USD961 per … Salaries vary drastically between different careers. Mean monthly household income for Malaysians has increased from RM6,141 in 2014 to RM6,958 in 2016, an increase of 6.2 per cent in nominal value. Mean Income. A qualified knowledge worker in a specified area (currently only Iskandar Malaysia) is taxed at the concessionary rate of 15% on chargeable income from employment with a designated company engaged in a qualified activity (e.g. For example, from 2009 to 2014 the real average household incomes of the bottom 40 grew at 11.9% per year, compared to 7.9% of the total population of Malaysia, thus narrowing income disparities. Profit from additional features by authenticating your Admin account. The median income for Software Engineer or Developer is around 60,000 MYR per year. GDP per capita in Malaysia averaged 5388.58 USD from 1960 until 2019, reaching an all time high of 12478.20 USD in 2019 and a record low of 1354 USD in 1960. Salaries vary drastically between different careers. This statistic is not included in your account. Salaries range from 2,140 SGD (lowest average) to 37,700 SGD (highest average, actual maximum salary is higher).. The Department of Statistics provides Average Household Income in local currency, and Total Population based on 2010 Census. Learn more about how Statista can support your business. Chart 2: Median monthly household income by state , Malaysia, 2014 and 2016. Mean monthly income per urban household Malaysia 2007-2016; Mean monthly income per rural household Malaysia 2007-2016; Monthly salary at large companies in … With effect from YA 2020, a non-resident individual is taxed at a flat rate … Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) Statista. A trip to the local grocery store can cost RM50 or RM300. In 2019, mean income in Malaysia was RM7,901 while Malaysia’s median income recorded at RM5,873. The research arm of sovereign wealth fund Khazanah pointed out that in 2016, households with income below RM2,000 (S$663) per month spent 94.8 per … Register in seconds and access exclusive features. * Malaysian ringgit. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Are you interested in testing our corporate solutions? The GDP per Capita, in Malaysia, when adjusted by Purchasing Power Parity is equivalent to 160 percent of the world's average. KUALA LUMPUR: There are huge disparities in the income threshold of the Middle 40 (M40) in the various states across Malaysia, according to Khazanah Research Institute’s (KRI) latest report. Corporate solution including all features. In, Statistics Malaysia. You can spend RM120 a head for a meal with wine at a nice restaurant, or you can get a meal at a local food stall for RM4. It is calculated by dividing the area's total income by its total population. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The capital Kuala Lumpur also pulls in huge numbers of … Malaysia 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Malaysia 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 a specified year. From 1960 to 2010, Malaysia's real income per person grew at an average annual rate of 4.06%, whereas Venezuela's grew at a slower rate of 0.58% per year. Income has decreased in the European nation every year since then. GNI per capita in Spain was at its highest in 2009, when the average was $32,770. List (2019) Rates in bold italic are IMF staff estimates. RM 15,000 per month is more than enough for local Malaysians. Malaysia’s low cost of living and high quality of life means that many expats choose to relocate here. The data reached an all-time high of 5,131.307 USD in Dec 2014 and a record low of … 1. September 17, 2020. Statistics Malaysia. Average income around the world The worldwide highest income is earned in Monaco. and over 1 Mio. The Gross Domestic Product per capita in Malaysia was last recorded at 12478.20 US dollars in 2019. Malaysian Communications and Multimedia Commission provides Number of Households. The average income is calculated by gross national income and population. As a Premium user you get access to the detailed source references and background information about this statistic. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Trends in wages decreased by -100.0 percent in Q3 2020. Specifically, in the last decade, the government has increased wealth distribution efforts which had a positive effect on the income equality in Malaysia. New, Everything you need to know about the industry development, Find studies from all around the internet. You only have access to basic statistics. Accessed December 02, 2020. https://www.statista.com/statistics/720200/malaysia-average-monthly-salary-by-age/, Statistics Malaysia. "Average monthly salary of employees in Malaysia in 2019, by age group (in 1,000 Malaysian ringgit)." In 2016 and 2019, average income recipients in Malaysia was 1.8 persons. Moreover, mean income rose at 4.2 per cent in 2019. This data is based on self-reported data that was gathered between 2006 and 2012. Salaries vary drastically between different careers. List (2019) Rates in bold italic are IMF staff estimates. CONTENTS. Chief Statistician Malaysia, Datuk Seri Mohd Uzir Mahidin, said: “Value added per employment in this quarter dropped to RM19,455 per person as against the quarterly average of RM22,000 per person. Rents go from RM400 to RM20,000 per month. Please create an employee account to be able to mark statistics as favorites. In 2019, the average monthly income in Malaysia is RM7,901 Federal Reserve Board average market exchange rate is used for currency conversions. The most complete set of 5.5 million time series covering more than 200 economies, compiled from 1500 sources worldwide. This is the average monthly salary including housing, transport, and other benefits. The Department of Statistics, Malaysia has released the findings from its Household Income and Basic Amenities Survey (HIS&BA). Average income of Mechanical Engineer is around 72,000 MYR per year. Rent in Malaysia is, on average, 74.03% lower than in United States . The result is: 240 $. "; Average years of schooling of adults: Average years of schooling of adults is the years of formal schooling received, on average, by adults over age 15. Malaysia 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. Salaries range from 1,670 MYR (lowest average) to 29,400 MYR (highest average, actual maximum salary is higher).. The Gross Domestic Product per capita in Malaysia was last recorded at 28350.60 US dollars in 2019, when adjusted by purchasing power parity (PPP). ", Statistics Malaysia, Average monthly salary of employees in Malaysia in 2019, by age group (in 1,000 Malaysian ringgit) Statista, https://www.statista.com/statistics/720200/malaysia-average-monthly-salary-by-age/ (last visited December 02, 2020), Average monthly salary of employees in Malaysia in 2019, by age group, Life expectancy at birth in Malaysia 2018, Median age of the population in Malaysia 2015, Gross domestic product (GDP) in Malaysia 2021, Gross domestic product (GDP) per capita in Malaysia 2024, Gross domestic product (GDP) growth rate in Malaysia 2021, Malaysia: Share in global GDP adjusted for PPP 2024, Share of economic sectors in the GDP in Malaysia 2019, Employment by economic sector in Malaysia 2020, Youth unemployment rate in Malaysia in 2020, National debt of Malaysia in relation to gross domestic product (GDP) 2024, Ratio of military expenditure to gross domestic product (GDP) in Malaysia 2019, Ratio of government expenditure to gross domestic product (GDP) in Malaysia 2024, Malaysia's budget balance in relation to GDP 2021, Total population of the ASEAN countries from 2008 to 2018, Life expectancy at birth in the ASEAN countries 2018, Gross domestic product of the ASEAN countries from 2010 to 2020, Gross domestic product (GDP) per capita in the ASEAN countries 2018, Inflation rate in the ASEAN countries 2020, Trade balance of goods in the ASEAN countries 2019, National debt of ASEAN countries in relation to gross domestic product (GDP) 2018, Malaysia: number of internet users 2015-2025, Mobile internet users in Malaysia 2015-2025, Number of cellular subscriptions Malaysia 2000-2019, Mobile-cellular subscriptions per 100 inhabitants in Malaysia 2000-2019, Malaysia: number of social network users 2017-2025, Digital population in Malaysia 2015, by platform, New cases of COVID-19 worldwide from January 23 to December 1, 2020, by day, Cumulative cases of COVID-19 worldwide from January 22 to December 1, 2020, by day, Monthly salary of public administration and defense employees Malaysia 2010-2019, Monthly salary of wholesale and retail industry employees in Malaysia 2010-2019, Average monthly salary of employees with a diploma in Malaysia 2010-2019, Average monthly salary of female employees in Malaysia 2010-2019, Monthly salary of administrative and support services employees Malaysia 2010-2019, Monthly salary of construction industry employees in Malaysia 2010-2019, Monthly salary of employees with STPM qualifications in Malaysia 2010-2019, Average monthly salary of male employees in Malaysia 2010-2019, Monthly salary of professional, scientific and technical employees Malaysia 2010-2019, Monthly salary of water and waste industry employees in Malaysia 2010-2019, Average monthly salary of employees with SPM education in Malaysia 2010-2019, Monthly salary of education sector employees Malaysia 2010-2019, Monthly salary of transportation and storage industry employees in Malaysia 2010-2019, Average monthly salary of employees with a degree in Malaysia 2010-2019, Mexico: payroll in the beer industry 2018-2020, Average wage per month in select countries 2017-2040, Real minimum wages in the United States 2000-2018, Mexico: remuneration in the roasted ground coffee sector 2016-2018, Average monthly salary of employees in Malaysia in 2019, by age group (in 1,000 Malaysian ringgit), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, close to 40 percent of their income on food. As a Premium user you get access to background information and details about the release of this statistic. The ideal entry-level account for individual users. There is no data available for your selected dates. © 2020 CEIC Data, an ISI Emerging Markets Group Company. The high cost of foodstuff is a financial strain on low-income households, who spent close to 40 percent of their income on food. The GDP per Capita, in Malaysia, when adjusted by Purchasing Power Parity is equivalent to 160 percent of the world's average. Household Income & Basic Amenities Survey Report 2019. Chart. Please authenticate by going to "My account" → "Administration". Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research expert covering Singapore, Indonesia and Malaysia, Profit from additional features with an Employee Account. Then you can access your favorite statistics via the star in the header. You can spend RM120 a head for a meal with wine at a nice restaurant, or you can get a meal at a local food stall for RM4. Malaysia Domestic Trade and Household Survey, Forecast: GDP PPP Per Capita (PPP Intl $), Total Trade of Goods & Services: % of Nominal GDP (%), BNM Forecast: GDP: 2015p: YoY: Exports of Goods & Services: Exports (%), BNM Forecast: GDP: 2015p: YoY: Domestic Demand (DD) (%), Nominal Residential Property Price Index (2010=100), Nominal Residential Property Price Index Growth (%), Real Residential Property Price Index (2010=100), Real Residential Property Price Index Growth (%), MY: No of Property Sales: Residential (Unit), MY: No of Property Sales: Commercial (Unit), MY: No of Property Sales: Industrial (Unit), MY: No of Property Sales: Agricultural (Unit), No of Property Sales: Agricultural (Unit), No of Property Sales: Development Land (Unit), MY: Property Sales: Agricultural (MYR mn), Property Sales: Development Land (MYR mn), MY: Residential Property: Stock: Construction Started (CS) (Unit), MY: Residential Property: Stock: Completion (CO) (Unit), MY: Office: Completion: No of Building (Unit), Commercial Complex: Completion (CO): No of Bldg (Unit), Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (MYR bn), Central Government Operations: ytd: Revenue (MYR mn), Central Government Operations: ytd: Expenditure (MYR mn), Central Government Operations: ytd: Overall Balance (MYR mn), Central Govt Current Expenditure: Total (MYR mn), Mid Year Population: 2010 Census (Person mn), Payroll: Wholesale, Retail, Motor Vehicle & Services (MYR mn), Payroll: Wholesale, Retail & Motor Vehicle (MYR mn), Motor Vehicle Sales: Commercial Cars (Unit), Motor Vehicle Sales: Passenger Cars (Unit), Consumer Confidence: Net Balance (% Point), Expenditure Per Household: Monthly Average (MA) (MYR), CPI: Food and Non Alcoholic Beverage Change (%), Forecast: Consumer Price Index Growth (%), CPI: Housing,Water,Electricity,Gas & Other Fuels (HW) (2010=100), CPI: Food and Non Alcoholic Beverages (FB) (2010=100), CPI: Alcoholic Beverages and Tobacco (2010=100), Consumer Price Index (CPI): Core (2010=100), Producer Price Index (PPI): For Local Production (LP) (2010=100), PPI: LP: Agri, forestry & fishing (2010=100), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Imports: Value: Electrical & Electronic Products (MYR mn), Imports: Value: Machinery, Appliances and Parts (MYR mn), Imports: Value: Optical and Scientific Equipment (MYR mn), Exports: Value: Electrical & Electronic Products (MYR mn), Exports: Value: Machinery, Appliances and Parts (MYR mn), Exports: Value: Optical and Scientific Equipment (MYR mn), Import Volume Index (IVI): Total (2010=100), Export Volume Index (EVI): Total (2010=100), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: CA: Secondary Income: Credit (MYR mn), BoP: CA: Secondary Income: Debit (MYR mn), Balance of Payment (BoP): Current Account (CA) (MYR mn), BoP: Financial Acc: Other Investment (MYR mn), BoP: Financial Acc: Direct Investment (MYR mn), BoP: Financial Acc: Financial Derivatives (MYR mn), BoP: Financial Acc: Direct Investment: Liabilities (MYR mn), BoP: Financial Acc: Portfolio Investment: Asset (MYR mn), BoP: Financial Acc: Portfolio Investment (MYR mn), BoP: Financial Acc: Direct Investment: Asset (MYR mn), BoP: Financial Acc: Portfolio Investment: Liabilities (MYR mn), BoP: CA: Primary Income (PI): Net (MYR mn), External Debt: Medium and Long Term (ML) (MYR mn), External Debt: Serv: Repayment: ML Term: Total (MYR mn), External Debt: Serv: Interest: ML Term: Total (MYR mn), Funds Inflow: Direct Investment Assets (DIA) (MYR mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Banking System: Demand Deposits: Business Enterprises (MYR mn), Banking System: Total Risk Weighted Assets (MYR mn), Base Rate: Period Average: Commercial Banks (% pa), Forex: Month Average: Malaysian Ringgit to Euro Dollar (MYR/EUR), Real Effective Exchange Rate Index: BIS: 2010=100: Broad (2010=100), Natural Gas Production: OPEC: Marketed Production (Cub m mn), Tourist Arrival: Asia: Asean: Brunei (Person), Business Confidence: Net Balance (% Point), Bursa Malaysia: Market Capitalization (MYR bn), Bursa Malaysia: Turnover: Volume (Share mn), Bursa Malaysia: PE Ratio: FTSE Composite Index (NA), Bursa Malaysia: Dividend Yield: FTSE Composite Index (% pa), Liner Shipping Connectivity Index (2004=100), Information Technology Networked Readiness (Score), Exports: Telecommunication Equipment (USD th), Imports: Telecommunication Equipment (USD th), Transportation: Port: Cargo Traffic (FWT th), Distributive Trade Index: 2008=100: Seasonally Adjusted, Distributive Trade Index: 2010=100: Seasonally Adjusted, Household Expenditure Survey: by Age Group, Household Expenditure Survey: by Citizenship, Household Expenditure Survey: by Occupational Group, Index of Services: 2010=100: Seasonally Adjusted, Manufacturing Products Sales: by MSIC 2008, Motor Vehicles Sales: MAA: By Model & Distributor: Commercial Vehicles, Motor Vehicles Sales: MAA: By Model & Distributor: Passenger Vehicles, Motor Vehicles Sales: Malaysian Automotive Association (MAA): By Model, Sales & Advertising Permits: Private Developers, Wholesale & Retail Trade: MSIC 2008: Census of Distributive Trade 2009.