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Malaysia Debt to GDP Ratio

Malaysia's government debt to GDP reached an estimated 70.4% in 2024, an all-time high. This increase follows 69.8% in 2023 and is attributed to pandemic-related spending, persistent fiscal deficits, past financial mismanagement and obligations from Private Finance Initiatives and GLCs. Malaysia's record low government debt to GDP was 50% in 2017 and record high was 70.4% in 2024.

Yearly Historical Data (2013-2024)

(in %)
Year Debt to GDP Ratio
2024 70.4%
2023 69.8%
2022 61.1%
2021 63.4%
2020 62.1%
2019 52.5%
2018 51.2%
2017 50%
2016 51.9%
2015 53.6%
2014 52.7%
2013 53%
Malaysia Debt to GDP Ratio : Definition
Malaysia's government debt to GDP shows the ratio of the country's total government debt to its gross domestic product. It's calculated by dividing total government debt by GDP, then multiplying by 100 to express it as a percentage. A lower percentage generally indicates better fiscal health.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 1.7% 1.5% Dec'24
Interest Rate 2.75% 2.75% Sep'25
Private Credit (% GDP) 116.17% 117.17% 2024