Goods and services expense in Malaysia
Malaysia: Goods and services expense was 37.67 billion current LCU in 2024. ▲ Rising
Goods and services expense in Malaysia, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Malaysia is 37.67 billion current LCU, measured in 2024. That is the highest value across all 29 years on record.
That represents a change of up 4.9% on the previous year and up 10.0% over ten years.
Over the whole period, goods and services expense in Malaysia peaked at 37.67 billion current LCU in 2024 and was at its lowest, 5.79 billion current LCU, in 1998.
Malaysia ranks 75th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Goods and services expense in Malaysia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 6.86 billion current LCU | — |
| 1997 | 7.27 billion current LCU | +6.0% |
| 1998 | 5.79 billion current LCU | -20.3% |
| 1999 | 8.44 billion current LCU | +45.7% |
| 2000 | 8.64 billion current LCU | +2.4% |
| 2001 | 11.94 billion current LCU | +38.1% |
| 2002 | 11.27 billion current LCU | -5.6% |
| 2003 | 13.97 billion current LCU | +24.0% |
| 2004 | 16.63 billion current LCU | +19.1% |
| 2005 | 17.98 billion current LCU | +8.1% |
| 2006 | 20.92 billion current LCU | +16.3% |
| 2007 | 23.62 billion current LCU | +12.9% |
| 2008 | 25.20 billion current LCU | +6.7% |
| 2009 | 26.37 billion current LCU | +4.7% |
| 2010 | 23.84 billion current LCU | -9.6% |
| 2011 | 28.95 billion current LCU | +21.4% |
| 2012 | 31.96 billion current LCU | +10.4% |
| 2013 | 33.86 billion current LCU | +5.9% |
| 2014 | 34.26 billion current LCU | +1.2% |
| 2015 | 36.37 billion current LCU | +6.2% |
| 2016 | 30.07 billion current LCU | -17.3% |
| 2017 | 34.74 billion current LCU | +15.5% |
| 2018 | 35.28 billion current LCU | +1.6% |
| 2019 | 31.51 billion current LCU | -10.7% |
| 2020 | 29.32 billion current LCU | -6.9% |
| 2021 | 24.92 billion current LCU | -15.0% |
| 2022 | 34.69 billion current LCU | +39.2% |
| 2023 | 35.90 billion current LCU | +3.5% |
| 2024 | 37.67 billion current LCU | +4.9% |
Malaysia compared with similar countries
- Malaysia's 37.67 billion current LCU is below the median for upper middle income countries, which is 38.49 billion current LCU, 98% of the median. (46 countries reporting)
- Malaysia's 37.67 billion current LCU is above the median for East Asia & Pacific, which is 14.18 billion current LCU, 2.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.09 billion current LCU | 5.79 billion current LCU | 8.44 billion current LCU | 4 |
| 2000s | 17.65 billion current LCU | 8.64 billion current LCU | 26.37 billion current LCU | 10 |
| 2010s | 32.08 billion current LCU | 23.84 billion current LCU | 36.37 billion current LCU | 10 |
| 2020s | 32.50 billion current LCU | 24.92 billion current LCU | 37.67 billion current LCU | 5 |
Countries ranked near Malaysia
More public sector data for Malaysia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is goods and services expense in Malaysia?
- Goods and services expense in Malaysia was 37.67 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Malaysia?
- The highest recorded value was 37.67 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Malaysia?
- The lowest recorded value was 5.79 billion current LCU in 1998.
- How does Malaysia rank for goods and services expense?
- Malaysia ranks 75th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Malaysia?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is rising.
- Where does this Malaysia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.