Taxes on goods and services in Malaysia
Malaysia: Taxes on goods and services was 4.2% in 2024. ▼ Falling
Taxes on goods and services in Malaysia, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Malaysia is 4.2%, measured in 2024.
Compared with earlier readings it is up 11.5% on the previous year and up 26.7% over ten years.
Over the whole period, taxes on goods and services in Malaysia peaked at 6.9% in 1996 and was at its lowest, 3.3%, in 2021.
That places Malaysia 136th out of 154 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Taxes on goods and services in Malaysia, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1996 | 6.9% | — |
| 1997 | 6.7% | -2.2% |
| 1998 | 4.8% | -28.2% |
| 1999 | 5.1% | +5.9% |
| 2000 | 4.6% | -10.5% |
| 2001 | 5.3% | +16.3% |
| 2002 | 5.0% | -5.8% |
| 2003 | 4.3% | -14.3% |
| 2004 | 4.1% | -5.8% |
| 2005 | 4.4% | +8.2% |
| 2006 | 3.7% | -15.4% |
| 2007 | 3.5% | -4.4% |
| 2008 | 3.7% | +4.2% |
| 2009 | 3.9% | +5.1% |
| 2010 | 3.7% | -5.8% |
| 2011 | 3.6% | -2.3% |
| 2012 | 3.5% | -1.6% |
| 2013 | 3.4% | -3.8% |
| 2014 | 3.3% | -2.5% |
| 2015 | 4.7% | +41.9% |
| 2016 | 5.5% | +16.5% |
| 2017 | 5.1% | -6.3% |
| 2018 | 3.4% | -32.9% |
| 2019 | 3.5% | +1.4% |
| 2020 | 3.4% | -1.0% |
| 2021 | 3.3% | -5.0% |
| 2022 | 3.6% | +8.9% |
| 2023 | 3.8% | +5.4% |
| 2024 | 4.2% | +11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.9% | 4.8% | 6.9% | 4 |
| 2000s | 4.2% | 3.5% | 5.3% | 10 |
| 2010s | 4.0% | 3.3% | 5.5% | 10 |
| 2020s | 3.6% | 3.3% | 4.2% | 5 |
Countries ranked near Malaysia
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 in Malaysia?
- Taxes on goods and services in Malaysia was 4.2% 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 6.9% in 1996.
- What is the lowest taxes on goods and services recorded in Malaysia?
- The lowest recorded value was 3.3% in 2021.
- How does Malaysia rank for taxes on goods and services?
- Malaysia ranks 136th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Malaysia?
- Over the last ten years it is up 26.7%. The long-run trend across the full record is falling.
- 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 (% value added of industry and services). Statizoid updates them automatically from the source API.
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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 as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.