FAQs
What is the household income per capita in Malaysia? ›
Malaysia Annual Household Income per Capita reached 5,731.680 USD in Dec 2022, compared with the previous value of 5,761.586 USD in Dec 2019. Malaysia Annual Household Income per Capita data is updated yearly, available from Dec 2002 to Dec 2022, with an averaged value of 4,426.922 USD.
What is the household income survey in Malaysia? ›The Household Income Survey (HIS) is one of the surveys carried out by the Departments of Statistics Malaysia. This survey was first conducted in 1973 and then been carried out twice in every five years, that is, two surveys within each Malaysia Development Plan period.
What is the household expenditure per capita in Malaysia? ›In 2022, the household consumption expenditure per capita in Malaysia amounted to approximately 6,858 U.S. dollars, an increase compared to the previous year.
What is the household income class in Malaysia? ›All Malaysians are categorized into three different income groups: the Top 20% (T20), Middle 40% (M40), and Bottom 40% (B40). This is based on the Department of Statistics' (DOSM) Household Income and Basic Amenities (HIS/BA) survey of 2022 (conducted twice every five years).
How is household income calculated in Malaysia? ›Household income is calculated based on median and mean values. The median income is the middle value when households are arranged from lowest to highest income, whereas the mean income is determined by adding all household incomes and dividing by the number of households.
What is household per capita income? ›Per capita is calculated by dividing the attribute of interest (such as income) by the number of people living in the area of interest. Per capita income is equal to the total income in that area divided by the number of people living in that area.
What is the average monthly income of a Malaysian household? ›Mean monthly income per urban household Malaysia 2007-2022
In 2022, the average monthly income of urban households was around 9.43 thousand Malaysian ringgit, an increase compared to around 8.64 thousand in the previous year. The mean monthly income of urban households in Malaysia had been increasing over the years.
M40 households have a gross monthly income of between RM5,250 (S$1,490) and RM11,819. Families with higher earnings, the T20, are considered high-income, while B40 households earn a gross monthly income of below RM5,250. Utility bills are among the big-ticket items set to rise.
What is the average income in Malaysia? ›Malaysia's average income for a full-time worker is RM 6,610/month and RM 79,300/year. The per-hour salary in Malaysia for a part-time worker is RM 12.78, and the average annual salary is RM 29,910.
What is the GDP per capita of Malaysia high income? ›In 2023, Malaysia's GDP per capita stood at US$11,141, while the World Bank's high-income threshold was set at US$13,845.
What is the net worth of a household in Malaysia? ›
In 2022, the median wealth per adult in Malaysia was at around 8.5 thousand U.S. dollars. In that year, 55 percent of the adult population had wealth valued at under ten thousand U.S. dollars. Malaysia was ranked in the upper middle income group of countries.
What rank is Malaysia in GDP per capita? ›Economy of Malaysia
| Statistics | |
|---|---|
| GDP per capita | $13,315 (nominal; 2024 est.) $39,030 (PPP; 2024 est.) |
| GDP per capita rank | 67th (nominal; 2024) 53th (PPP; 2024) |
| GDP by sector | agriculture: 6.30% industry: 24.0% services: 58.6% (2022) |
| Inflation (CPI) | 1.8% (2024) |
The household income report also raised Malaysia's average poverty line income (PLI) in 2022 to RM2,589 from RM2,208 in 2019. DOSM also highlighted that Malaysia's absolute poverty rate is at 6.2% in 2022.
Is Malaysia low or middle income? ›This evolution has positioned Malaysia as a leading exporter of electrical appliances, parts, and components, driving remarkable growth that elevated the nation from low- to upper-middle-income status within a single generation.
What is the household income expenditure survey? ›HIES provide data required to assess trends in economic well-being and to determine and update the basket of consumer goods and services and weights used for the calculation of the Consumer Price Index. They are also used to measure poverty, inequality, and social exclusion.
What is the average income in Malaysia in USD? ›A country's average salary can be a good indicator of how much an employee typically earns. According to Salary Explorer, the average salary in Malaysia is 79,000 MYR annually (17,805 USD). The typical salary range in Malaysia is 1,670 MYR (lowest average monthly salary to 29,400 MYR (highest average monthly salary).
What is a good salary in Malaysia? ›So to give you a roundabout answer, if your income is below RM2,500 a month, you'll have to live pretty frugally (and many people here subsist on considerably less). RM2,500 to RM4,000 will get you further, and anything above RM5,000 will afford you a pretty comfortable life in KL.