Malaysian Household Debt Statistics

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. The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets. The bulk was for house financing which accounted for 55 of total.

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First quarter 2014 the domestic.

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. Households debt in malaysia decreased to 68 percent of gdp in the first quarter of 2020 from 68 20 percent of gdp in the fourth quarter of 2019. Malaysia global economic prospects examines trends for the world economy and how they affect developing countries. 1 refers to preliminary monthly data 2 in some instances data on domestic financing from banking sources and the accountant general would differ due to the differences in timing when the transactions are recorded.

Households debt to gdp in malaysia averaged 62 26 percent of gdp from 2006 until 2020 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 gdp in the third quarter of 2008. Household debt growth rhs graph 2 household indebtedness 1 year on year change in per cent. Malaysia recorded a government debt equivalent to 52 50 percent of the country s gross domestic product in 2019. 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.

This page provides malaysia government debt to gdp actual values historical data forecast chart. Moreover mean income rose at 4 2 per cent in 2019. You can be declared bankrupt if fail to settle minimum debt amount of rm30k. Composition of household debt the composition of household debt changed little over the period 2000 07.

3 fortnightly data 4 following the redefinition of external debt see box article on the redefinition of external debt in bnm quarterly bulletin. 2 looking beyond headline household debt statistics financial stability and payment systems report 2016 page 41 46. The data reached an all time high of 86 9 in dec 2015 and a record low of 60 4 in dec 2008. Malaysian millennials carry debt but most debt is for car loan and education loan.

In 2019 mean income in malaysia was rm7 901 while malaysia s median income recorded at rm5 873. Household income basic amenities survey report 2019. Central bank of malaysia treasury housing loans division. Most debt is for car loan and education loan.

Nearly 25 000 millennials have been declared bankrupt within five years as of june 2015. 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. Malaysia s household debt to gdp ratio is updated yearly available from dec 2002 to dec 2019. Malaysia s household debt to gdp ratio stood at 69 3 of gdp lower than the threshold identified in this paper.