Unemployment in Malaysia

Malaysia Unemployment | Economic News & Forecasts

Malaysia - Unemployment

The economy expanded at a fractionally slower pace in annual terms in the third quarter compared to the second quarter, owing to a drag from the external sector. Nevertheless, economic growth remained robust, underpinned by domestic demand. Private consumption performed particularly well and benefited from the zero-rating of the goods and services tax on 1 June; however, foreign demand for Malaysian goods eased markedly and net exports subtracted from the economy as a result. Looking at the final quarter, available data sends mixed signals. While the manufacturing PMI dropped further below the crucial 50-point mark in November, the external sector’s performance improved in October and registered the largest trade surplus in seven years amid strong export growth. Meanwhile, in early December, Malaysian police filed criminal charges against five people—including the former prime minister—over the 1MDB scandal, which saw large sums of money being swindled from a government fund. This could increase political tension and instability.

Malaysia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.1  2.9  3.1  3.5  3.4  

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Malaysia Unemployment Chart

Malaysia Unemployment
Note: Unemployment in % of active population.
Source: Department of Statistics Malaysia.

Malaysia Facts

Bond Yield4.070.15 %Jan 14
Exchange Rate4.100.0 %Jan 14
Stock Market1,676-0.29 %Jan 14

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