Income Inequality In Malaysia Statistics

However one should not confuse relative inequality with absolute inequality.

Income inequality in malaysia statistics. The income inequality in malaysia was measured using the gini coefficient with a higher value showing higher inequality in income. This means that over the last 40 years the income inequality in malaysia has reduced and the total income is more evenly spread throughout the population. It analyses the trends of middle income households through dimensions such as labour occupation consumption wealth and debt as well as perceptions. The gini index of household incomes fell from 0 51 in 1970 to 0 40 in 2016.

Between 1970 and 2014 the gini coefficient for malaysia has dropped considerably from 0 51 in 1970 to 0 401 in 2014. Personal interviewing approach was used for a period of twelve months starting from may 2016 until april 2017. Moreover mean income rose at 4 2 per cent in 2019. Malaysia can claim more success than most countries in managing relative inequality.

Malaysia bureau chief kuala lumpur despite a reduction in official income inequality the absolute earnings gap between malaysia s top 20 per cent and their other countrymen has nearly doubled. In 2002 malaysia s inequality level was extremely high. Household income basic amenities survey report 2019. The department of statistics malaysia has conducted household income and basic amenities survey his ba in 2016 and 2017 to collect data on the characteristics of malaysian household particularly on income and basic amenities.

The squeezed middle class this report sheds light on the multiple pressures on the middle class. For developing countries as a whole average inequality has been roughly unchanged over a similar period. Idd income distribution dabase data update with new 2017 and 2018 data for most countries 10 april 2019. In 2019 mean income in malaysia was rm7 901 while malaysia s median income recorded at rm5 873.

Malaysia the source for global inequality data. In terms of growth median income in malaysia grew by 3 9 per cent per year in 2019 as compared to 6 6 per cent in 2016. When it comes to gross income the income inequality in malaysia went up with the gini coefficient value increasing from 0 399 in 2016 to 0 407 in 2019.