Malaysia: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Malaysia |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -5.00 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1970 - 2023 |
| Average | -4.80 |
| Min - Max | -16.35 - 2.35 |
| Source | Ministry of Finance Malaysia |
The latest value from 2023 is -5 percent, an increase from -5.6 percent in 2022. In comparison, the world average is -2.78 percent, based on data from 138 countries. Historically, the average for Malaysia from 1970 to 2023 is -4.8 percent. The minimum value, -16.35 percent, was reached in 1982 while the maximum of 2.35 percent was recorded in 1997.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 12.05 | 2023 | percent |
| Government spending, in dollars | 48.15 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -5.00 | 2023 | percent |
| Government debt | 64.30 | 2023 | percent |
| Government expenditure | 56.16 | Q3/2024 | billion |
| Tax revenue | 11.65 | 2022 | percent |
| Commercial tax rate | 38.70 | 2019 | percent |
| Tax preparation time | 174 | 2019 | hours |
| Number of taxes | 9 | 2019 | taxes |
| Taxes on goods and services | 19.54 | 2022 | percent |
| Taxes on international trade | 1.98 | 2022 | percent |
| Income and profits taxes | 47.33 | 2022 | percent |
| Foreign aid | 4.89 | 2022 | million U.S. dollars |