Goods and services expense in Malaysia
Malaysia: Goods and services expense was 37.67 billion current LCU in 2024. ▲ Rising
Goods and services expense in Malaysia, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Malaysia is 37.67 billion current LCU, measured in 2024. That is the highest value across all 29 years on record.
That represents a change of up 4.9% on the previous year and up 10.0% over ten years.
Over the whole period, goods and services expense in Malaysia peaked at 37.67 billion current LCU in 2024 and was at its lowest, 5.79 billion current LCU, in 1998.
Malaysia ranks 75th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.09 billion current LCU | 5.79 billion current LCU | 8.44 billion current LCU | 4 |
| 2000s | 17.65 billion current LCU | 8.64 billion current LCU | 26.37 billion current LCU | 10 |
| 2010s | 32.08 billion current LCU | 23.84 billion current LCU | 36.37 billion current LCU | 10 |
| 2020s | 32.50 billion current LCU | 24.92 billion current LCU | 37.67 billion current LCU | 5 |
Countries ranked near Malaysia
More public sector data for Malaysia
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Tax revenue 12.4% (2024)
- Taxes on income, profits and capital gains 47.6% (2024)
- Taxes on goods and services 22.6% (2024)
- Net investment in nonfinancial assets 4.4% (2024)
- Net lending (+) / net borrowing (-) -4.1% (2024)
- Interest payments 15.6% (2024)
- Grants and other revenue 26.0% (2024)
- Interest payments 14.9% (2023)
- Other taxes 2.3% (2024)
Frequently asked questions
- What is goods and services expense in Malaysia?
- Goods and services expense in Malaysia was 37.67 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Malaysia?
- The highest recorded value was 37.67 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Malaysia?
- The lowest recorded value was 5.79 billion current LCU in 1998.
- How does Malaysia rank for goods and services expense?
- Malaysia ranks 75th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Malaysia?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is rising.
- 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.