Gross savings in Malaysia
Malaysia: Gross savings was 23.4% in 2024. ▬ Flat
Gross savings in Malaysia, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Malaysia stood at 23.4%.
That represents a change of down 2.0% on the previous year and down 20.4% over ten years.
Over the whole period, gross savings in Malaysia peaked at 39.8% in 1998 and was at its lowest, 20.3%, in 1975.
Malaysia ranks 78th of 177 countries on this measure, in the middle of the range.
Gross savings in Malaysia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 24.0% | — |
| 1975 | 20.3% | -15.4% |
| 1976 | 28.1% | +38.5% |
| 1977 | 27.2% | -3.0% |
| 1978 | 27.6% | +1.3% |
| 1979 | 33.4% | +20.9% |
| 1980 | 29.3% | -12.1% |
| 1981 | 25.2% | -13.9% |
| 1982 | 23.9% | -5.2% |
| 1983 | 26.4% | +10.2% |
| 1984 | 28.6% | +8.7% |
| 1985 | 25.6% | -10.6% |
| 1986 | 25.6% | -0.0% |
| 1987 | 31.0% | +21.2% |
| 1988 | 31.7% | +2.0% |
| 1989 | 30.7% | -3.1% |
| 1990 | 30.4% | -1.0% |
| 1991 | 29.3% | -3.6% |
| 1992 | 31.7% | +8.3% |
| 1993 | 34.7% | +9.5% |
| 1994 | 35.1% | +1.1% |
| 1995 | 33.9% | -3.4% |
| 1996 | 37.0% | +9.3% |
| 1997 | 37.0% | -0.1% |
| 1998 | 39.8% | +7.6% |
| 1999 | 38.3% | -3.9% |
| 2000 | 35.9% | -6.2% |
| 2001 | 32.3% | -10.2% |
| 2002 | 32.7% | +1.5% |
| 2003 | 34.9% | +6.5% |
| 2004 | 35.1% | +0.8% |
| 2005 | 36.8% | +4.8% |
| 2006 | 38.8% | +5.4% |
| 2007 | 38.8% | -0.1% |
| 2008 | 38.5% | -0.6% |
| 2009 | 33.4% | -13.4% |
| 2010 | 33.5% | +0.3% |
| 2011 | 34.1% | +1.8% |
| 2012 | 30.9% | -9.3% |
| 2013 | 29.4% | -4.8% |
| 2014 | 29.4% | -0.2% |
| 2015 | 28.4% | -3.3% |
| 2016 | 28.4% | -0.0% |
| 2017 | 28.3% | -0.2% |
| 2018 | 26.1% | -7.8% |
| 2019 | 24.5% | -6.1% |
| 2020 | 23.8% | -3.0% |
| 2021 | 26.0% | +9.2% |
| 2022 | 26.8% | +3.0% |
| 2023 | 23.9% | -10.9% |
| 2024 | 23.4% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.8% | 20.3% | 33.4% | 6 |
| 1980s | 27.8% | 23.9% | 31.7% | 10 |
| 1990s | 34.7% | 29.3% | 39.8% | 10 |
| 2000s | 35.7% | 32.3% | 38.8% | 10 |
| 2010s | 29.3% | 24.5% | 34.1% | 10 |
| 2020s | 24.8% | 23.4% | 26.8% | 5 |
Countries ranked near Malaysia
- 75 Belgium 23.7% compare
- 76 Azerbaijan 23.5% compare
- 77 Italy 23.4% compare
- 79 French Polynesia 23.3% compare
- 80 Dominican Republic 23.3% compare
- 81 Finland 23.2% compare
More economy & growth data for Malaysia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.97 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 11,100 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 7.88 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3567 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,681 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 1 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 1.53 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 20,056 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 4.53 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Malaysia?
- Gross savings in Malaysia was 23.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Malaysia?
- The highest recorded value was 39.8% in 1998.
- What is the lowest gross savings recorded in Malaysia?
- The lowest recorded value was 20.3% in 1975.
- How does Malaysia rank for gross savings?
- Malaysia ranks 78th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Malaysia?
- Over the last ten years it is down 20.4%. The long-run trend across the full record is flat.
- Where does this Malaysia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.