Wages in Malaysia increased to 3212 MYR/Month in 2022 from 3037 MYR/Month in 2021. Wages in Malaysia averaged 2551.54 MYR/Month from 2010 until 2022, reaching an all time high of 3224.00 MYR/Month in 2019 and a record low of 1814.00 MYR/Month in 2011. source: Department of Statistics, Malaysia
Wages in Malaysia is expected to reach 3270.00 MYR/Month by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Wages is projected to trend around 3350.00 MYR/Month in 2024 and 3420.00 MYR/Month in 2025, according to our econometric models.
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Employed Persons | 16483.00 | 16457.70 | Thousand | Jan 2024 |
| Labor Force Participation Rate | 70.20 | 70.20 | percent | Jan 2024 |
| Population | 33.00 | 32.60 | Million | Dec 2022 |
| Unemployed Persons | 567.00 | 568.00 | Thousand | Jan 2024 |
| Unemployment Rate | 3.30 | 3.30 | percent | Jan 2024 |
| Wages | 3212.00 | 3037.00 | MYR/Month | Dec 2022 |
| Wages in Manufacturing | 3519.00 | 3683.00 | MYR/Month | Jan 2024 |
Malaysia Wages
Mean monthly wages.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 3212.00 | 3037.00 | 3224.00 | 1814.00 | 2010 - 2022 | MYR/Month | Yearly | Current Prices, NSA |
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