Income Inequality In Malaysia Statistics

By 2014 we see that income inequality in malaysia is much lower than it is in the us and similar to the level in china but still significantly higher than the level in france.

Income inequality in malaysia statistics. As of 2016 malaysian households with an ethnic chinese head of household had the highest monthly household income in malaysia at around 8 75 thousand malaysian ringgit more than 2 5 thousand. Malaysia the source for global inequality data. In 2019 mean income in malaysia was rm7 901 while malaysia s median income recorded at rm5 873. 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.

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. Moreover mean income rose at 4 2 per cent in 2019. Kuala lumpur despite a reduction in official income inequality the absolute earnings gap between malaysia s top 20 per cent and their countrymen has nearly doubled putting more malaysians in. Household income basic amenities survey report 2019.

In the household income and basic amenities survey report 2019 released today the department of statistics malaysia s dosm figures showed income inequality calculated based on two categories gross income which is before tax and contributions to social security scheme are paid and disposable income which is after deducting tax zakat and social security scheme contributions. Piketty yang zucman 2019. Income growth and inequality 2002 2014. Between 1970 and 2014 the gini coefficient for malaysia has dropped considerably from 0 51 in 1970 to 0 401 in 2014.