Malaysian Household Debt Statistics

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.

Malaysian household debt statistics. The data reached an all time high of 86 9 in dec 2015 and a record low of 60 4 in dec 2008. Malaysia s household debt accounted for 82 7 of the country s nominal gdp in dec 2019 compared with the ratio of 82 0 in the previous year. Supported upon the most recent obtainable central bank statistics household debt to gross domestic product gdp has marched upward from approximately 64 in 2008 to close to 76 very last year previous year this specific amounted to about rm389 bil such level is actually identical to which in singapore and much lower compared to in japan the united states and britain which often tend to. Malaysia global economic prospects examines trends for the world economy and how they affect developing countries.

Ministry of finance malaysia. 2008 2013 by debt category household debt apac 2014 by country or region value of non mortage debt carried over monthly in the uk 2012 2014 by housing type. Household debt growth rhs graph 2 household indebtedness 1 year on year change in per cent. Household debt in the u s.

In 2019 mean income in malaysia was rm7 901 while malaysia s median income recorded at rm5 873. Central bank of malaysia treasury housing loans division. Composition of household debt the composition of household debt changed little over the period 2000 07. The bulk was for house financing which accounted for 55 of total.

Government debt to gdp in malaysia averaged 48 71 percent from 1990 until 2019 reaching an all time high of 80 74 percent in 1990 and a record low of 31 80 percent in 1997. The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets. Malaysia s household debt to gdp ratio is updated yearly available from dec 2002 to dec 2019. Malaysia recorded a government debt equivalent to 52 50 percent of the country s gross domestic product in 2019.

Households debt in malaysia increased to 68 20 percent of gdp in the fourth quarter of 2019 from 68 percent of gdp in the third quarter of 2019. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Malaysia s household debt to gross domestic product continues to moderate standing at 83 8 per cent in the first half of 2018 compared to 84 2 per cent last year. Households debt to gdp in malaysia averaged 62 16 percent of gdp from 2006 until 2019 reaching an all time high of 69 80 percent of gdp in the fourth quarter of 2015 and a record low of 48 70 percent of.

Household income basic amenities survey report 2019.