Taxes on goods and services (current LCU) in Malaysia
Malaysia: Taxes on goods and services (current LCU) was 73.29 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Malaysia, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Malaysia recorded 73.29 billion current LCU for taxes on goods and services in 2024. That is the highest value across all 29 years on record.
That represents a change of up 17.5% on the previous year and up 122.8% over ten years.
Over the whole period, taxes on goods and services in Malaysia peaked at 73.29 billion current LCU in 2024 and was at its lowest, 12.72 billion current LCU, in 1998.
Malaysia ranks 83rd of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU) in Malaysia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 15.97 billion current LCU | — |
| 1997 | 17.61 billion current LCU | +10.3% |
| 1998 | 12.72 billion current LCU | -27.8% |
| 1999 | 14.53 billion current LCU | +14.2% |
| 2000 | 15.45 billion current LCU | +6.4% |
| 2001 | 17.92 billion current LCU | +16.0% |
| 2002 | 18.04 billion current LCU | +0.7% |
| 2003 | 16.80 billion current LCU | -6.9% |
| 2004 | 17.87 billion current LCU | +6.4% |
| 2005 | 21.58 billion current LCU | +20.7% |
| 2006 | 20.02 billion current LCU | -7.2% |
| 2007 | 21.03 billion current LCU | +5.0% |
| 2008 | 25.35 billion current LCU | +20.5% |
| 2009 | 24.86 billion current LCU | -1.9% |
| 2010 | 26.73 billion current LCU | +7.5% |
| 2011 | 28.54 billion current LCU | +6.8% |
| 2012 | 30.46 billion current LCU | +6.7% |
| 2013 | 30.97 billion current LCU | +1.7% |
| 2014 | 32.90 billion current LCU | +6.2% |
| 2015 | 49.90 billion current LCU | +51.7% |
| 2016 | 61.54 billion current LCU | +23.3% |
| 2017 | 63.16 billion current LCU | +2.6% |
| 2018 | 45.33 billion current LCU | -28.2% |
| 2019 | 48.20 billion current LCU | +6.3% |
| 2020 | 44.30 billion current LCU | -8.1% |
| 2021 | 45.22 billion current LCU | +2.1% |
| 2022 | 57.51 billion current LCU | +27.2% |
| 2023 | 62.35 billion current LCU | +8.4% |
| 2024 | 73.29 billion current LCU | +17.5% |
Malaysia compared with similar countries
- Malaysia's 73.29 billion current LCU is below the median for upper middle income countries, which is 103.35 billion current LCU, 71% of the median. (48 countries reporting)
- Malaysia's 73.29 billion current LCU is above the median for East Asia & Pacific, which is 34.13 billion current LCU, 2.1× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.20 billion current LCU | 12.72 billion current LCU | 17.61 billion current LCU | 4 |
| 2000s | 19.89 billion current LCU | 15.45 billion current LCU | 25.35 billion current LCU | 10 |
| 2010s | 41.77 billion current LCU | 26.73 billion current LCU | 63.16 billion current LCU | 10 |
| 2020s | 56.54 billion current LCU | 44.30 billion current LCU | 73.29 billion current LCU | 5 |
Countries ranked near Malaysia
More public sector data for Malaysia
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 taxes on goods and services in Malaysia?
- Taxes on goods and services in Malaysia was 73.29 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Malaysia?
- The highest recorded value was 73.29 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Malaysia?
- The lowest recorded value was 12.72 billion current LCU in 1998.
- How does Malaysia rank for taxes on goods and services?
- Malaysia ranks 83rd out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Malaysia?
- Over the last ten years it is up 122.8%. The long-run trend across the full record is volatile.
- 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.