Service imports in Malaysia
Malaysia: Service imports was 56.37 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
56.37 billion BoP, current US$
Change on year
up 8.0%
World rank
31st
of 200 countries
All-time high
56.37 billion BoP, current US$
in 2024
All-time low
698.36 million BoP, current US$
in 1974
Years of data
51
1974–2024
Service imports in Malaysia, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service imports in Malaysia is 56.37 billion BoP, current US$, measured in 2024. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 8.0% on the previous year and up 24.4% over ten years.
Over the whole period, service imports in Malaysia peaked at 56.37 billion BoP, current US$ in 2024 and was at its lowest, 698.36 million BoP, current US$, in 1974.
Malaysia ranks 31st of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports in Malaysia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 698.36 million BoP, current US$ | — |
| 1975 | 848.45 million BoP, current US$ | +21.5% |
| 1976 | 832.16 million BoP, current US$ | -1.9% |
| 1977 | 1.05 billion BoP, current US$ | +26.2% |
| 1978 | 1.36 billion BoP, current US$ | +29.4% |
| 1979 | 2.11 billion BoP, current US$ | +55.1% |
| 1980 | 2.96 billion BoP, current US$ | +40.3% |
| 1981 | 2.86 billion BoP, current US$ | -3.4% |
| 1982 | 3.27 billion BoP, current US$ | +14.5% |
| 1983 | 3.96 billion BoP, current US$ | +21.3% |
| 1984 | 4.25 billion BoP, current US$ | +7.3% |
| 1985 | 3.93 billion BoP, current US$ | -7.7% |
| 1986 | 3.58 billion BoP, current US$ | -9.0% |
| 1987 | 3.59 billion BoP, current US$ | +0.5% |
| 1988 | 4.21 billion BoP, current US$ | +17.0% |
| 1989 | 4.79 billion BoP, current US$ | +13.9% |
| 1990 | 5.48 billion BoP, current US$ | +14.5% |
| 1991 | 6.56 billion BoP, current US$ | +19.7% |
| 1992 | 7.34 billion BoP, current US$ | +11.8% |
| 1993 | 9.52 billion BoP, current US$ | +29.7% |
| 1994 | 12.05 billion BoP, current US$ | +26.7% |
| 1995 | 14.98 billion BoP, current US$ | +24.3% |
| 1996 | 17.57 billion BoP, current US$ | +17.3% |
| 1997 | 18.30 billion BoP, current US$ | +4.1% |
| 1998 | 13.13 billion BoP, current US$ | -28.3% |
| 1999 | 14.74 billion BoP, current US$ | +12.3% |
| 2000 | 16.75 billion BoP, current US$ | +13.7% |
| 2001 | 16.66 billion BoP, current US$ | -0.5% |
| 2002 | 16.45 billion BoP, current US$ | -1.3% |
| 2003 | 17.53 billion BoP, current US$ | +6.6% |
| 2004 | 19.27 billion BoP, current US$ | +9.9% |
| 2005 | 21.96 billion BoP, current US$ | +13.9% |
| 2006 | 23.65 billion BoP, current US$ | +7.7% |
| 2007 | 28.67 billion BoP, current US$ | +21.2% |
| 2008 | 30.27 billion BoP, current US$ | +5.6% |
| 2009 | 27.47 billion BoP, current US$ | -9.2% |
| 2010 | 32.64 billion BoP, current US$ | +18.8% |
| 2011 | 38.34 billion BoP, current US$ | +17.5% |
| 2012 | 43.35 billion BoP, current US$ | +13.1% |
| 2013 | 45.14 billion BoP, current US$ | +4.1% |
| 2014 | 45.32 billion BoP, current US$ | +0.4% |
| 2015 | 40.17 billion BoP, current US$ | -11.4% |
| 2016 | 40.14 billion BoP, current US$ | -0.1% |
| 2017 | 42.44 billion BoP, current US$ | +5.7% |
| 2018 | 44.60 billion BoP, current US$ | +5.1% |
| 2019 | 43.71 billion BoP, current US$ | -2.0% |
| 2020 | 33.38 billion BoP, current US$ | -23.6% |
| 2021 | 37.08 billion BoP, current US$ | +11.1% |
| 2022 | 45.24 billion BoP, current US$ | +22.0% |
| 2023 | 52.20 billion BoP, current US$ | +15.4% |
| 2024 | 56.37 billion BoP, current US$ | +8.0% |
Malaysia compared with similar countries
- Malaysia's 56.37 billion BoP, current US$ is above the median for upper middle income countries, which is 3.94 billion BoP, current US$, 14.3× the median. (57 countries reporting)
- Malaysia's 56.37 billion BoP, current US$ is above the median for East Asia & Pacific, which is 2.40 billion BoP, current US$, 23.5× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.15 billion BoP, current US$ | 698.36 million BoP, current US$ | 2.11 billion BoP, current US$ | 6 |
| 1980s | 3.74 billion BoP, current US$ | 2.86 billion BoP, current US$ | 4.79 billion BoP, current US$ | 10 |
| 1990s | 11.97 billion BoP, current US$ | 5.48 billion BoP, current US$ | 18.30 billion BoP, current US$ | 10 |
| 2000s | 21.87 billion BoP, current US$ | 16.45 billion BoP, current US$ | 30.27 billion BoP, current US$ | 10 |
| 2010s | 41.59 billion BoP, current US$ | 32.64 billion BoP, current US$ | 45.32 billion BoP, current US$ | 10 |
| 2020s | 44.85 billion BoP, current US$ | 33.38 billion BoP, current US$ | 56.37 billion BoP, current US$ | 5 |
Countries ranked near Malaysia
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 13.04 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0309 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 366.69 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.59 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 96.92 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0369 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 438.53 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 8.09 % change on previous year (2025)
Frequently asked questions
- What is service imports in Malaysia?
- Service imports in Malaysia was 56.37 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service imports recorded in Malaysia?
- The highest recorded value was 56.37 billion BoP, current US$ in 2024.
- What is the lowest service imports recorded in Malaysia?
- The lowest recorded value was 698.36 million BoP, current US$ in 1974.
- How does Malaysia rank for service imports?
- Malaysia ranks 31st out of 200 countries with data for 2024.
- Is service imports rising or falling in Malaysia?
- Over the last ten years it is up 24.4%. The long-run trend across the full record is volatile.
- Where does this Malaysia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.