Malaysia Household Debt To Gdp 2020

Usd mn data is updated yearly available from dec 2002 to dec 2019.

Malaysia household debt to gdp 2020. Growth in non financial corporate debt was largely. Malaysia s average growth rate for the next decade is forecast to come in at 3 4 compared to a 6 4 average over the past decade weighed down by a contraction in 2020 due to the. 1300 88 5465 bnmtelelink 603 2698 8044 general line bnmtelelink bnm gov my. The data reached an all time high of 301 9 usd bn in dec 2019 and a record low of 64 0 usd bn in dec 2002.

This page provides malaysia government debt to gdp actual values historical data forecast chart. Household debt to gdp ratio was slightly higher in first half 2019. China s national debt is currently over 38 trillion over 5 trillion usd. But household debt servicing capacity remained intact supported by stable income and employment conditions.

Unfortunately these actions caused japan s debt level to skyrocket. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Ceic converts annual household debt into usd. Malaysia s household debt level remained elevated at 82 2 of gross domestic product gdp according to bank negara malaysia bnm.

Households debt to gdp in malaysia averaged 62 16 percent of gdp from 2006 until 2019 reaching an all time high of 69 80 percent of gdp in the fourth quarter of 2015 and a record low of 48 70 percent of gdp in the third quarter of 2008. Malaysia s household debt to gdp ratio is updated yearly available from dec 2002 to dec 2019. Jalan dato onn 50480 kuala lumpur malaysia. The data reached an all time high of 86 9 in dec 2015 and a record low of 60 4 in dec 2008.

The economic backdrop remains muted in q3 after gdp shrank at a record pace in q2 led by an unprecedented contraction in both investment activity and household spending due to the constraining effects of covid 19. China s national debt is currently 54 44 of its gdp a significant increase from 2014 when the national debt was at 41 54 of china s gdp. Government debt to gdp in malaysia averaged 48 60 percent from 1990 until 2018 reaching an all time high of 80 74 percent in 1990 and a record low of 31 80 percent in 1997. Malaysia recorded a government debt equivalent to 51 80 percent of the country s gross domestic product in 2018.

Malaysia s 2020 growth forecast is relatively lower compared to the asean 5 economies 5 1. Malaysia s household debt reached 301 9 usd bn in dec 2019 compared with the reported number of 294 3 usd bn in the previous year.