Taxes on goods and services (current LCU), annual growth rate in Malaysia
Malaysia: Taxes on goods and services (current LCU), annual growth rate was 17.55 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Malaysia, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes on goods and services (current lcu), annual growth rate in Malaysia is 17.55 % change on previous year, measured in 2024.
That represents a change of up 108.7% on the previous year and up 182.4% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Malaysia peaked at 51.67 % change on previous year in 2015 and was at its lowest, -28.23 % change on previous year, in 2018.
That places Malaysia 39th out of 156 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Malaysia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 10.28 % change on previous year | — |
| 1998 | -27.78 % change on previous year | -370.3% |
| 1999 | 14.23 % change on previous year | -151.2% |
| 2000 | 6.36 % change on previous year | -55.3% |
| 2001 | 15.99 % change on previous year | +151.5% |
| 2002 | 0.6669 % change on previous year | -95.8% |
| 2003 | -6.86 % change on previous year | -1129.1% |
| 2004 | 6.39 % change on previous year | -193.1% |
| 2005 | 20.74 % change on previous year | +224.7% |
| 2006 | -7.24 % change on previous year | -134.9% |
| 2007 | 5.03 % change on previous year | -169.5% |
| 2008 | 20.55 % change on previous year | +308.3% |
| 2009 | -1.91 % change on previous year | -109.3% |
| 2010 | 7.51 % change on previous year | -494.3% |
| 2011 | 6.76 % change on previous year | -10.1% |
| 2012 | 6.73 % change on previous year | -0.4% |
| 2013 | 1.7 % change on previous year | -74.7% |
| 2014 | 6.21 % change on previous year | +264.7% |
| 2015 | 51.67 % change on previous year | +731.5% |
| 2016 | 23.32 % change on previous year | -54.9% |
| 2017 | 2.64 % change on previous year | -88.7% |
| 2018 | -28.23 % change on previous year | -1170.6% |
| 2019 | 6.33 % change on previous year | -122.4% |
| 2020 | -8.09 % change on previous year | -227.7% |
| 2021 | 2.09 % change on previous year | -125.8% |
| 2022 | 27.17 % change on previous year | +1202.5% |
| 2023 | 8.41 % change on previous year | -69.1% |
| 2024 | 17.55 % change on previous year | +108.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.09 % change on previous year | -27.78 % change on previous year | 14.23 % change on previous year | 3 |
| 2000s | 5.97 % change on previous year | -7.24 % change on previous year | 20.74 % change on previous year | 10 |
| 2010s | 8.46 % change on previous year | -28.23 % change on previous year | 51.67 % change on previous year | 10 |
| 2020s | 9.43 % change on previous year | -8.09 % change on previous year | 27.17 % change on previous year | 5 |
Countries ranked near Malaysia
- 36 Philippines 20.56 % change on previous year compare
- 37 Iraq 20.01 % change on previous year compare
- 38 Afghanistan 18.89 % change on previous year compare
- 40 Rwanda 17.16 % change on previous year compare
- 41 Sudan 16.85 % change on previous year compare
- 42 Belarus 16.83 % change on previous year compare
More public sector data for Malaysia
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.1993 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -90.14 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 121.29 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0102 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 9.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 4.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 21.31 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services (current lcu), annual growth rate in Malaysia?
- Taxes on goods and services (current lcu), annual growth rate in Malaysia was 17.55 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Malaysia?
- The highest recorded value was 51.67 % change on previous year in 2015.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Malaysia?
- The lowest recorded value was -28.23 % change on previous year in 2018.
- How does Malaysia rank for taxes on goods and services (current lcu), annual growth rate?
- Malaysia ranks 39th out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Malaysia?
- Over the last ten years it is up 182.4%. The long-run trend across the full record is volatile.
- Where does this Malaysia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.