Source: world bank Nominal/PPP
Summary:
Malaysia GDP Per Capita expanded from 1960 to 2024, increasing from $1.92 to $422.23 .The compound annual growth rate (CAGR) averaged 8.79% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 28.45%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
Malaysia Economic Phases (1960 - 2024)
From 1960 to 2024, Malaysia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1966) indicating robust economic expansion
- Expansion (1967–1968) indicating steady moderate growth
- High Growth (1969–1974) indicating robust economic expansion
- High Growth (1976–1980) indicating robust economic expansion
- High Growth (1982–1984) indicating robust economic expansion
- High Growth (1987–1996) indicating robust economic expansion
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1973 with an increase of 51.941%, while the largest decline was in 1998 at -27.836%.