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The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012. According to a HSBC report in 2012, Malaysia will become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
In the former Eastern Bloc countries, the public sector in 1989 accounted for between 70% and over 90% of total employment. In China a full 78.3% of the urban labor force were employed in the public sector by 1978, the year the Chinese economic reform was launched, after which the rates dropped.
Malaysia: 24.75 2019 Trinidad and Tobago: 21.24 2002 Mexico: 20.34 2019 Costa Rica: 20.02 2019 Brazil: 19.20 2019 Sri Lanka: 18.02 2019 South Africa: 17.97 2019 Venezuela: 17.80 2006 Dominican Republic: 17.53 2019 Colombia: 16.96 2019 Ecuador: 15.26 2019 Thailand: 15.17 2019 Indonesia: 11.84 2019 China: 11.69 2019 Peru: 11.01 2019 Philippines
This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, supported by ...
The EPF also attributes the declining interest market rate since 1996 to the interest market rate. Because 75% of investment funds are concentrated towards bodies closely linked to trends in the interest market rate, including Malaysian Government Securities, loans or bonds , and money market instruments, low interest rates for the past few ...
This is a list of countries by employment rate, this being the proportion of employed adults in the working age. The definition of "working age" varies: Many sources, including the OECD, use 15–64 years old, [1] but EUROSTAT uses 20–64 years old, [2] the United States Bureau of Labor Statistics uses 16 years old and older (no cut-off at 65 ...
Malaysia has a low official unemployment rate of 3.9%. Its foreign exchange reserves are the world's 24th-largest. It has a labour force of about 15 million, which is the world's 34th-largest. Malaysia's large automotive industry ranks as the world's 22nd-largest by production.
On 3 August 2023, the World Bank praised Malaysia's post-COVID-19 economic recovery performance. While COVID-19 reduced employment and household income, the World Bank's report found that the Government's financial support to companies, targeted payment deferrals, and workers' wage subsidies helped lessen the economic impact of the pandemic.