Unemployment in Malaysia
The unemployment rate in Malaysia averaged 3.6% in the decade to 2022, while the unemployment rate in 2022 was 3.8%. For more unemployment information, visit our dedicated page.
Malaysia Unemployment Chart
Note: This chart displays Unemployment Rate for Malaysia from 2023 to 2024.
Source: Macrobond.
Malaysia Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 4.5 | 4.6 | 3.8 | 3.4 | 3.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian unemployment projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Malaysian unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian unemployment projections.
Want to get access to the full dataset of Malaysian unemployment forecasts? Send an email to info@focus-economics.com.