Malaysia: Remittances, percent of GDP

* indicates monthly or quarterly data series
 Malaysia

Remittances as percent of GDP

 Latest value 0.4
 Year 2022
 Measure percent
 Data availability 1975 - 2022
 Average 0.37
 Min - Max 0.02 - 0.84
 Source The World Bank
For that indicator, we provide data for Malaysia from 1975 to 2022. The average value for Malaysia during that period was 0.37 percent with a minimum of 0.02 percent in 1979 and a maximum of 0.84 percent in 2006. The latest value from 2022 is 0.4 percent. For comparison, the world average in 2022 based on 173 countries is 5.36 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Malaysia - Remittances, percent of GDP - recent values

Historical chart
Malaysia - Remittances, percent of GDP - historical chart - 1975-2022




Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.


 Related indicators Latest value Reference Measure
 Terms of trade 104.95 2021 percent
 Trade openness 146.92 2022 percent
 Exports, percent of GDP 73.84 2022 percent
 Exports, billion dollars 313.21 2022 billion U.S. dollars
 Growth of exports 14.49 2022 percent
 Imports, percent of GDP 66.91 2022 percent
 Imports, billion dollars 283.75 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.62 2022 percent
 Foreign Direct Investment, billion dollars 14.73 2022 billion U.S. dollars
 Portfolio investment inflows, equities 4,167.22 2022 million dollars (current)
 Current account, percent of GDP 3.50 2022 percent
 Current account, in dollars 12.27 2022 billion U.S. dollars
 Trade balance, percent of GDP 7.24 2022 percent
 Trade balance, in dollars 29.26 2022 billion U.S. dollars
 Reserves 114.66 2022 billion U.S. dollars
 Remittances, percent of GDP 0.40 2022 percent
 Net errors and omissions -3,386.63 2022 million USD
 Foreign exchange reserves 110.10 9/2023 billion
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