Malaysia Government Debt: % of GDP

2010 - 2025 | Quarterly | % | CEIC Data

Key information about Malaysia Government Debt: % of GDP

  • Malaysia Government debt accounted for 65.3 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 66.1 % in the previous quarter.
  • Malaysia government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Dec 2025.
  • The data reached an all-time high of 66.4 % in Jun 2025 and a record low of 49.3 % in Sep 2011.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. Bank Negara Malaysia provides Government Debt in local currency. The Department of Statistics provides Nominal GDP in local currency. Nominal GDP prior to Q4 2015 is based on SNA 2008 with benchmark year 2010.


Related information about Malaysia Government Debt: % of GDP

  • In the latest reports, Malaysia National Government Debt reached 325.6 USD bn in Dec 2025.
  • The country's Nominal GDP reached 122.1 USD bn in Sep 2025.

View Malaysia's Government Debt: % of GDP from Dec 2010 to Dec 2025 in the chart:

Malaysia Government Debt: % of GDP

What was Malaysia's Government Debt: % of GDP in Dec 2025?

Malaysia Government debt accounted for 65.3 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 66.1 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
65.3 Dec 2025 66.1 Sep 2025 49.3 Sep 2011 66.4 Jun 2025 % quarterly Dec 2010 - Dec 2025

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 52.4 Sep 2025 quarterly Sep 2010 - Sep 2025
Algeria (%) 47.8 2024 yearly 1997 - 2024
Argentina (%) 73.3 Jun 2025 quarterly Dec 2004 - Jun 2025
Armenia (%) 46.8 Dec 2025 quarterly Dec 2013 - Dec 2025
Australia (%) 38.3 2024 yearly 1999 - 2024
Austria (%) 83.7 Sep 2025 quarterly Mar 2000 - Sep 2025
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 102.0 Sep 2025 quarterly Dec 2007 - Sep 2025
Bangladesh (%) 24.1 2025 yearly 2010 - 2025
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.9 Sep 2025 quarterly Dec 1980 - Sep 2025
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 18.7 2024 yearly 2007 - 2024
Botswana (%) 29.1 Sep 2025 quarterly Jun 2014 - Sep 2025
Brazil (%) 78.7 Dec 2025 quarterly Dec 2006 - Dec 2025
Bulgaria (%) 28.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Cambodia (%) 26.0 2024 yearly 2013 - 2024
Canada (%) 69.2 2025 yearly 1962 - 2025
Chile (%) 43.2 Sep 2025 quarterly Mar 2002 - Sep 2025
China (%) 28.8 Sep 2025 quarterly Mar 2014 - Sep 2025
Colombia (%) 63.8 Jun 2025 quarterly Dec 2005 - Jun 2025
Croatia (%) 57.2 Sep 2025 quarterly Dec 1995 - Sep 2025
Cyprus (%) 55.5 Dec 2025 quarterly Dec 2010 - Dec 2025
Czech Republic (%) 43.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Denmark (%) 29.6 Sep 2025 quarterly Mar 2000 - Sep 2025
Ecuador (%) 65.6 Sep 2025 quarterly Dec 2005 - Sep 2025
Egypt (%) 57.9 Sep 2025 quarterly Jun 2006 - Sep 2025
Estonia (%) 22.8 Sep 2025 quarterly Mar 2000 - Sep 2025
European Union (%) 82.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Finland (%) 86.9 Sep 2025 quarterly Mar 2000 - Sep 2025
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 34.8 Sep 2025 quarterly Mar 2006 - Sep 2025
Germany (%) 63.0 Sep 2025 quarterly Mar 2000 - Sep 2025
Ghana (%) 61.8 2024 yearly 2006 - 2024
Greece (%) 151.2 Jun 2025 quarterly Dec 1999 - Jun 2025
Hong Kong SAR, China (%) 46.1 2025 yearly 2003 - 2025
Hungary (%) 74.9 Dec 2025 quarterly Dec 1990 - Dec 2025
Iceland (%) 60.4 2024 yearly 1998 - 2024
India (%) 58.9 Sep 2025 quarterly Mar 2012 - Sep 2025
Indonesia (%) 39.2 Dec 2024 quarterly Jun 2015 - Dec 2024
Iran (%) 8.7 Jun 2025 quarterly Mar 1998 - Jun 2025
Ireland (%) 32.8 Sep 2025 quarterly Mar 2000 - Sep 2025
Israel (%) 66.5 2024 yearly 1995 - 2024
Italy (%) 137.8 Sep 2025 quarterly Dec 1995 - Sep 2025
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 202.5 Dec 2025 quarterly Jun 1982 - Dec 2025
Jordan (%) 83.2 Sep 2025 quarterly Mar 2002 - Sep 2025
Kazakhstan (%) 23.0 Dec 2024 quarterly Mar 2005 - Dec 2024
Kenya (%) 68.9 Sep 2025 quarterly Dec 2009 - Sep 2025
South Korea (%) 47.0 Jun 2025 quarterly Sep 2002 - Jun 2025
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 3.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Kyrgyzstan (%) 39.5 Dec 2025 quarterly Mar 2011 - Dec 2025
Latvia (%) 44.8 Sep 2025 quarterly Mar 2000 - Sep 2025
Lebanon (%) 23.6 2022 yearly 1998 - 2022
Lithuania (%) 39.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Luxembourg (%) 25.1 Jun 2025 quarterly Dec 1997 - Jun 2025
North Macedonia (%) 53.4 Jun 2025 quarterly Dec 2009 - Jun 2025
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.3 Dec 2025 quarterly Dec 2010 - Dec 2025
Malta (%) 46.5 Sep 2025 quarterly Mar 2000 - Sep 2025
Mauritius (%) 80.5 Dec 2025 quarterly Jun 2003 - Dec 2025
Mexico (%) 59.5 Dec 2025 quarterly Dec 2005 - Dec 2025
Moldova (%) 38.0 Jun 2025 quarterly Mar 2007 - Jun 2025
Mongolia (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
Montenegro (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Morocco (%) 71.4 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 42.4 Sep 2025 quarterly Dec 1999 - Sep 2025
New Zealand (%) 48.5 Sep 2025 quarterly Dec 2006 - Sep 2025
Nigeria (%) 36.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Norway (%) 53.2 2024 yearly 1995 - 2024
Oman (%) 35.4 2024 yearly 1990 - 2024
Pakistan (%) 68.3 2025 yearly 2000 - 2025
Palestinian Territory (%) 110.9 Sep 2025 quarterly Dec 2010 - Sep 2025
Panama (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Paraguay (%) 35.5 Sep 2025 quarterly Dec 2014 - Sep 2025
Peru (%) 30.2 Dec 2025 quarterly Mar 1999 - Dec 2025
Philippines (%) 63.2 Dec 2025 quarterly Mar 1993 - Dec 2025
Poland (%) 58.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Portugal (%) 89.6 Dec 2025 quarterly Dec 1995 - Dec 2025
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 58.9 Sep 2025 quarterly Dec 2011 - Sep 2025
Russia (%) 15.2 Sep 2025 quarterly Dec 2011 - Sep 2025
Saudi Arabia (%) 30.8 Sep 2025 quarterly Dec 2016 - Sep 2025
Serbia (%) 44.4 Dec 2025 quarterly Sep 2004 - Dec 2025
Singapore (%) 166.1 Dec 2025 quarterly Mar 1990 - Dec 2025
Slovakia (%) 62.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Slovenia (%) 67.5 Sep 2025 quarterly Dec 1999 - Sep 2025
South Africa (%) 78.9 Sep 2025 quarterly Dec 1960 - Sep 2025
Spain (%) 103.2 Sep 2025 quarterly Mar 1995 - Sep 2025
Sri Lanka (%) 93.0 Sep 2025 quarterly Mar 2014 - Sep 2025
Sweden (%) 33.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Switzerland (%) 22.2 2029 yearly 1990 - 2029
Taiwan, China (%) 26.8 2024 yearly 1996 - 2024
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 59.1 Dec 2025 quarterly Dec 1997 - Dec 2025
Tunisia (%) 81.2 2024 yearly 2016 - 2024
Turkey (%) 24.5 Sep 2025 quarterly Dec 2001 - Sep 2025
Ukraine (%) 90.3 Sep 2025 quarterly Dec 2010 - Sep 2025

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Malaysia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.4 2024 yearly 1970 - 2024
Consolidated Fiscal Balance (USD mn) -27,060.208 2024 yearly 1970 - 2024
Tax Revenue (USD mn) 18,019.868 Sep 2025 quarterly Mar 1980 - Sep 2025
Tax Revenue: % of GDP (%) 14.7 Sep 2025 quarterly Mar 1991 - Sep 2025
National Government Debt (USD mn) 325,635.1 Dec 2025 quarterly Mar 1978 - Dec 2025
Government Debt: % of GDP (%) 65.3 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (MYR bn) 599.224 2030 yearly 1990 - 2030
Forecast: Government Net Debt (MYR bn) 1,935.614 2030 yearly 1990 - 2030
Forecast: Government Revenue (MYR bn) 500.265 2030 yearly 1990 - 2030
Central Government Operations: ytd: Expenditure (MYR mn) 36,274.200 Jan 2026 monthly Mar 2000 - Jan 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.104 2028 yearly 1980 - 2028
Trade Balance (USD mn) 7,341.9 Jan 2026 monthly Jan 1990 - Jan 2026
Total Exports (USD mn) 38,600.0 Jan 2026 monthly Jan 1990 - Jan 2026
Total Exports Growth (%) 19.1 Jan 2026 monthly Jan 1991 - Jan 2026
Aluminum: Exports (USD th) 5,687,998.656 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 380,264.526 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 233,913.571 2024 yearly 1995 - 2024
Total Imports (USD mn) 31,258.1 Jan 2026 monthly Jan 1990 - Jan 2026
Total Imports Growth (%) 3.4 Jan 2026 monthly Jan 1991 - Jan 2026
Imports: Medicament (USD th) 1,906,698.415 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 665,132.470 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 5,743.199 Jan 2026 monthly Jan 1976 - Jan 2026
Total Imports from USA (USD mn) 2,118.662 Jan 2026 monthly Jan 1976 - Jan 2026
Total Exports to China (USD mn) 3,845.077 Jan 2026 monthly Jun 1976 - Jan 2026
Total Imports from China (USD mn) 8,218.292 Jan 2026 monthly Jan 1976 - Jan 2026
Exports: Value: Optical and Scientific Equipment (MYR mn) 5,775.365 Jan 2026 monthly Jan 1995 - Jan 2026
Exports: Value: Machinery, Appliances and Parts (MYR mn) 6,631.346 Jan 2026 monthly Jan 1989 - Jan 2026
Exports: Value: Electrical & Electronic Products (MYR mn) 70,526.859 Jan 2026 monthly Jan 1989 - Jan 2026
Imports: Value: Machinery, Appliances and Parts (MYR mn) 11,075.747 Jan 2026 monthly Jan 1989 - Jan 2026
Imports: Value: Optical and Scientific Equipment (MYR mn) 2,975.144 Jan 2026 monthly Jan 1995 - Jan 2026
Imports: Value: Electrical & Electronic Products (MYR mn) 49,521.933 Jan 2026 monthly Jan 1989 - Jan 2026
Import Volume Index (IVI): Total (2010=100) 232.600 Jan 2026 monthly Jan 2014 - Jan 2026
Export Volume index; sa (2010=100) 179.000 Jan 2026 monthly Jan 2012 - Jan 2026
Import Volume Index; sa (2010=100) 168.800 Jan 2026 monthly Jan 2012 - Jan 2026
Export Volume Index (EVI): Total (2010=100) 180.400 Jan 2026 monthly Jan 2014 - Jan 2026
Terms of Trade: Total (2010=100) 124.500 Jan 2026 monthly Jan 2014 - Jan 2026
Trade Balance: sa (MYR mn) 29,534.917 Jan 2026 monthly Jan 1990 - Jan 2026
Imports: Taiwan (MYR mn) 4,690.016 Mar 2019 monthly Jan 1986 - Mar 2019
Import Value Index (2015=100) 135.238 2021 yearly 1980 - 2021
Export Value Index (2015=100) 149.550 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,192.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance (USD mn) 493.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance: % of GDP (%) 0.4 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Direct Investment (USD mn) 8,209.6 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Direct Investment: % of GDP (%) 6.4 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment (USD mn) 3,381.831 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 2.6 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -452.4 Dec 2024 quarterly Mar 2002 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -3,266.665 Dec 2024 quarterly Mar 2002 - Dec 2024
External Debt (USD mn) 343,887.8 Dec 2025 quarterly Mar 2009 - Dec 2025
External Debt: % of GDP (%) 68.9 2025 yearly 2009 - 2025
External Debt: Short Term (USD mn) 146,772.8 Dec 2025 quarterly Mar 2009 - Dec 2025
External Debt: Short Term: % of GDP (%) 29.4 2025 yearly 2009 - 2025
Forecast: Current Account Balance (USD bn) 13.619 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -2,365.222 2025 yearly 2001 - 2025
BoP: Financial Acc: Other Investment (MYR mn) -12,322.202 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Secondary Income: Debit (MYR mn) 14,237.900 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Reserves Assets (MYR mn) -1,112.311 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: PI: Credit (MYR mn) 22,798.179 Dec 2025 quarterly Mar 2005 - Dec 2025
Balance of Payment (BoP): Current Account (CA) (MYR mn) 2,046.905 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc (MYR mn) 12,279.538 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Financial Derivatives (MYR mn) 1,454.189 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Portfolio Investment (MYR mn) -1,833.812 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Services: Net (MYR mn) 5,046.915 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Services: Debit (MYR mn) 69,564.333 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Secondary Income: Credit (MYR mn) 11,116.744 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Goods: Credit (MYR mn) 305,750.272 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Goods: Net (MYR mn) 23,644.847 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Direct Investment: Asset (MYR mn) -9,104.748 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Direct Investment: Liabilities (MYR mn) 34,086.111 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Primary Income (PI): Net (MYR mn) -23,523.701 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Goods: Debit (MYR mn) 282,105.425 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Secondary Income: Net (MYR mn) -3,121.156 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Portfolio Investment: Asset (MYR mn) -15,875.174 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Net Errors and Omissions (MYR mn) -13,258.536 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Capital Account (MYR mn) 44.404 Dec 2025 quarterly Mar 2006 - Dec 2025
BoP: CA: GS: Services: Credit (MYR mn) 74,611.248 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: PI: Debit (MYR mn) 46,321.880 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Direct Investment (MYR mn) 24,981.363 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Portfolio Investment: Liabilities (MYR mn) 14,041.362 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: Serv: Interest: ML Term: Total (MYR mn) 21,402.000 2023 yearly 2010 - 2023
External Debt: Serv: Repayment: ML Term: Total (MYR mn) 129,353.000 2023 yearly 2010 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Jan 2026 monthly Dec 2005 - Jan 2026
Household Debt: % of GDP (%) 84.1 2024 yearly 2002 - 2024
Non-Performing Loans (USD mn) 8,370.696 Jan 2026 monthly Dec 2005 - Jan 2026
Money Supply M1 (USD mn) 183,357.267 Jan 2026 monthly Dec 1969 - Jan 2026
Money Supply M2 (USD mn) 652,921.535 Jan 2026 monthly Dec 1969 - Jan 2026
M2 Growth (%) 3.7 Jan 2026 monthly Dec 1970 - Jan 2026
Reserve Requirement Ratio (%) 1.0 Feb 2026 monthly Jan 1959 - Feb 2026
Foreign Exchange Reserves (USD mn) 113,715.6 Jan 2026 monthly Apr 2000 - Jan 2026
Foreign Exchange Reserves: % of GDP (%) 1.000 Feb 2026 monthly Jan 1959 - Feb 2026
Foreign Exchange Reserves: Months of Import (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Gold Reserves (USD mn) 5,884.030 Jan 2026 monthly Dec 1956 - Jan 2026
Total Deposits (USD mn) 668,386.166 Jan 2026 monthly Jan 2007 - Jan 2026
Total Deposits Growth (%) 2.8 Jan 2026 monthly Jan 2008 - Jan 2026
Domestic Credit (USD mn) 752,398.7 Jan 2026 monthly Jan 1987 - Jan 2026
Domestic Credit Growth (%) 4.9 Jan 2026 monthly Jan 1988 - Jan 2026
Debt Service Ratio: Private Non-Financial Sector (%) 15.500 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 326.350 Jun 2025 quarterly Mar 2006 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 737.520 Jun 2025 quarterly Jun 1964 - Jun 2025
Household Debt (USD mn) 363,620.1 2024 yearly 2002 - 2024
Total Loans (USD mn) 599,790.836 Jan 2026 monthly Dec 1996 - Jan 2026
Total Loans Growth (%) 4.69 Jan 2026 monthly Dec 1997 - Jan 2026
Private Debt: % of Nominal GDP (%) 117.90 Dec 2025 quarterly Dec 2001 - Dec 2025
Money Supply M3 (MYR mn) 2,578,208.928 Jan 2026 monthly Jan 2013 - Jan 2026
Banking System: Demand Deposits (MYR mn) 329,103.228 Oct 2018 monthly Jan 2007 - Oct 2018
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 74.602 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 25.2 Sep 2024 quarterly Mar 2004 - Sep 2024

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