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Economy of Malaysia vs Mauritius compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $14.9B for Mauritius, ranking 38/197 and 143/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $13.6B (91.1% of GDP) in Mauritius.

Malaysia vs Mauritius GDP by year

Malaysia
Mauritius
1x
Year GDP, current $
Malaysia Mauritius
2024 $422,227,005,429 $14,937,861,786
2023 $399,949,418,753 $14,072,212,290
2022 $407,830,525,990 $12,936,444,123
2021 $373,784,553,030 $11,622,048,697
2020 $337,456,163,961 $11,566,111,138
2019 $365,177,721,022 $14,645,235,205
2018 $358,788,845,713 $14,957,535,716
2017 $319,109,094,160 $13,896,938,315
2016 $301,256,033,870 $12,757,680,847
2015 $301,355,266,965 $12,162,211,503
2014 $338,066,095,097 $13,230,490,082
2013 $323,276,235,524 $12,434,596,541
2012 $314,443,047,642 $11,832,323,837
2011 $297,951,668,675 $11,677,718,382
2010 $255,017,638,456 $10,144,716,155
2009 $202,257,453,037 $9,264,513,545
2008 $230,811,614,370 $10,127,777,060
2007 $193,549,569,478 $8,277,442,915
2006 $162,692,258,307 $7,137,710,413
2005 $143,534,405,819 $6,576,108,447
2004 $124,749,473,684 $6,667,418,752
2003 $110,202,368,421 $5,894,873,920
2002 $100,845,526,316 $4,906,494,249
2001 $92,783,947,368 $4,675,755,867
2000 $93,789,736,842 $4,726,108,622
1999 $79,148,421,053 $4,402,193,195
1998 $72,167,498,981 $4,225,813,976
1997 $100,005,323,302 $4,243,755,308
1996 $100,855,393,910 $4,481,489,762
1995 $88,705,342,903 $4,094,741,652
1994 $74,478,356,958 $3,606,050,873
1993 $66,894,966,969 $3,307,302,126
1992 $59,167,550,163 $3,267,677,814
1991 $49,143,148,094 $2,895,354,736
1990 $44,024,585,240 $2,689,212,760
1989 $38,847,965,293 $2,211,312,823
1988 $35,272,109,220 $2,163,252,449
1987 $32,181,210,158 $1,906,174,438
1986 $27,734,111,400 $1,482,601,552
1985 $31,199,633,353 $1,090,611,325
1984 $33,942,897,422 $1,054,564,759
1983 $30,347,442,111 $1,104,956,573
1982 $26,804,493,635 $1,092,923,636
1981 $25,004,285,792 $1,157,769,444
1980 $24,488,224,677 $1,147,027,924
1979 $21,213,264,962 $1,227,446,632
1978 $16,358,079,862 $1,029,040,323
1977 $13,139,488,633 $834,722,972
1976 $11,050,234,599 $713,510,052
1975 $9,298,800,799 $673,311,287
1974 $9,496,204,302 $669,894,030
1973 $7,662,902,678 $404,285,775
1972 $5,043,347,250 $318,664,900
1971 $4,244,395,956 $251,437,338
1970 $3,864,145,667 $224,125,805
1969 $3,664,552,041 $221,553,613
1968 $3,330,371,551 $206,576,631
1967 $3,188,924,677 $238,439,291
1966 $3,143,517,944 $227,534,083
1965 $2,956,337,669 $230,024,161
1964 $2,674,423,922 $218,914,569
1963 $2,510,110,348 $253,839,558
1962 $2,001,489,602 $197,738,208
1961 $1,901,856,123 $191,757,729
1960 $1,916,229,477 $162,089,564

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/malaysia/mauritius | CC BY

GDP per capita in Malaysia vs Mauritius by year

Malaysia
GDP per capita

GDP per capita, PPP
Mauritius
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Mauritius
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $11,991 $31,840
2023 $11,386 $36,467 $11,270 $29,561
2022 $11,755 $34,420 $10,247 $26,874
2021 $10,903 $29,823 $9,178 $23,010
2020 $9,958 $27,475 $9,136 $21,622
2019 $10,920 $28,934 $11,568 $24,375
2018 $10,902 $27,794 $11,819 $23,416
2017 $9,863 $26,416 $10,987 $22,898
2016 $9,477 $25,286 $10,095 $21,952
2015 $9,649 $24,526 $9,631 $20,270
2014 $11,013 $24,307 $10,490 $19,294
2013 $10,714 $23,161 $9,877 $18,435
2012 $10,601 $22,639 $9,422 $17,259
2011 $10,217 $21,324 $9,324 $16,884
2010 $8,899 $20,193 $8,113 $15,920
2009 $7,191 $18,923 $7,427 $15,105
2008 $8,372 $19,480 $8,141 $14,569
2007 $7,169 $18,617 $6,677 $13,612
2006 $6,158 $17,426 $5,784 $12,593
2005 $5,556 $16,371 $5,354 $11,703
2004 $4,939 $15,416 $5,461 $11,216
2003 $4,465 $14,387 $4,858 $10,535
2002 $4,184 $13,656 $4,073 $9,824
2001 $3,944 $13,072 $3,909 $9,586
2000 $4,084 $13,027 $3,982 $9,143
1999 $3,528 $11,980 $3,746 $8,344
1998 $3,294 $11,398 $3,642 $8,121
1997 $4,679 $12,469 $3,696 $7,651
1996 $4,837 $11,709 $3,952 $7,206
1995 $4,363 $10,720 $3,648 $6,771
1994 $3,758 $9,806 $3,240 $6,414
1993 $3,462 $9,018 $3,014 $6,116
1992 $3,141 $8,224 $3,013 $5,753
1991 $2,679 $7,583 $2,705 $5,351
1990 $2,469 $6,887 $2,540 $5,010
1989 $2,244 - $2,103 -
1988 $2,100 - $2,074 -
1987 $1,977 - $1,840 -
1986 $1,760 - $1,442 -
1985 $2,046 - $1,069 -
1984 $2,300 - $1,042 -
1983 $2,124 - $1,103 -
1982 $1,938 - $1,101 -
1981 $1,866 - $1,181 -
1980 $1,886 - $1,187 -
1979 $1,680 - $1,292 -
1978 $1,327 - $1,102 -
1977 $1,092 - $906 -
1976 $940 - $787 -
1975 $811 - $755 -
1974 $848 - $763 -
1973 $701 - $467 -
1972 $472 - $374 -
1971 $407 - $299.6 -
1970 $380 - $271.3 -
1969 $368 - $272.7 -
1968 $342 - $258.7 -
1967 $335 - $304 -
1966 $339 - $296 -
1965 $326 - $305 -
1964 $303 - $297.3 -
1963 $291.8 - $353 -
1962 $238.8 - $282.3 -
1961 $232.9 - $281.7 -
1960 $240.8 - $238.3 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/malaysia/mauritius | CC BY

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $11,991 in Mauritius, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Mauritius ranks 71st at $31,840.

Economic indicators

Malaysia Mauritius
Gross domestic product
$422B
2024
$14.9B
2024
GDP rank
38/197
2024
143/197
2024
GDP growth
5.11%
2023-2024
4.93%
2023-2024
GDP per capita
$11,874
2024
$11,991
2024
GDP per capita rank
79/197
2024
78/197
2024
GDP per capita, PPP
$38,779
2024
$31,840
2024
GDP per capita PPP rank
60/197
2024
71/197
2024
Government debt
$296B
2024
$13.6B
2024
Debt-to-GDP ratio
70.1%
2024
91.1%
2024
Government debt per person
$8,322
2024
$10,929
2024
Government debt per person rank
62/185
2024
54/185
2024
Average annual personal income after taxes
$11,005
2026
$7,203
2026
Market capitalization of domestic companies
$449B
2024
$9.12B
2024
Number of billionaires
19
2025
n/a
Income share by richest 10%
30.9%
2021
29.9%
2017
Income share by poorest 10%
2.3%
2021
2.9%
2017
Government expenditure, % of GDP
23.9%
2024
33.7%
2024
Consumer prices inflation
1.83%
2023-2024
3.6%
2023-2024
Central bank interest rate
2.75%
2025
4.5%
2025
Unemployment rate
3.93%
2022
5.21%
2024
Population
36512221
1240121

Spending and national debt comparison by year

Malaysia
Spending

Debt
Mauritius
Spending

Debt
1x
Year % of GDP
Malaysia Mauritius
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 33.7% 91.1%
2023 24.9% 69.7% 29.9% 85.6%
2022 24.6% 65.5% 29.4% 86.9%
2021 24.5% 69.2% 30.8% 93.8%
2020 25% 67.7% 32.6% 93.4%
2019 23.6% 57.1% 27.8% 74.6%
2018 22.8% 55.6% 24.3% 64.1%
2017 22% 54.4% 24.3% 63%
2016 22.9% 55.8% 24% 64.3%
2015 24.7% 57% 24.5% 65%
2014 26% 55.4% 23% 60.6%
2013 27.8% 55.7% 24.1% 58.2%
2012 28.5% 53.8% 22.5% 55.9%
2011 27.1% 51.9% 23.7% 56.5%
2010 26.6% 51.2% 24% 56.4%
2009 30.9% 50.4% 25.2% 58.4%
2008 26.9% 39.4% 22.7% 49.4%
2007 25.9% 39.3% 21.5% 51.6%
2006 25.6% 39.7% 22.2% 59.3%
2005 24.5% 40.8% 23% 61.7%
2004 25.9% 42% 22.6% 61.1%
2003 28.1% 41.4% 23.4% 70.8%
2002 27.1% 39.5% 23.3% 66.7%
2001 28.2% 38.1% 22.4% 60.5%
2000 25.6% 32.5% 22.2% 59.7%
1999 24.6% 34.4% 27.5% -
1998 23.1% 33.6% 26.6% -
1997 21.2% 29.6% 27.5% -
1996 22.4% 32.8% 27.4% -
1995 22.6% 38.2% 27.3% -
1994 23.3% 43.7% 27.5% -
1993 24.6% 51.1% 24.5% -
1992 28.2% 59.1% 26.8% -
1991 27.4% 67.3% 27.2% -
1990 30.5% 74.1% 30.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/malaysia/mauritius | CC BY

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Mauritius spent $5.03B, or 33.7% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 91.1% in Mauritius, ranking 58/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Mauritius
1x
Year Deficit/surplus, % of GDP
Malaysia Mauritius
2024 -3.95% -7.47%
2023 -3.97% -4.7%
2022 -4.56% -3.34%
2021 -6.03% -4.45%
2020 -4.9% -10.6%
2019 -2.01% -7.53%
2018 -2.64% -2.19%
2017 -2.41% -1.66%
2016 -2.6% -2.81%
2015 -2.55% -3.59%
2014 -2.63% -3.13%
2013 -3.48% -3.4%
2012 -3.1% -1.78%
2011 -3.57% -3.09%
2010 -4.32% -3.07%
2009 -5.88% -3.41%
2008 -3.4% -2.66%
2007 -2.57% -3.09%
2006 -2.6% -4.14%
2005 -2.83% -4.44%
2004 -3.35% -4.34%
2003 -4.6% -4.82%
2002 -3.96% -5.18%
2001 -4.36% -5.53%
2000 -6.05% -4.4%
1999 -3% -
1998 -0.63% -
1997 4.84% -
1996 3.27% -
1995 3.1% -
1994 5.45% -
1993 3.44% -
1992 1.81% -
1991 1.6% -
1990 0.15% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/malaysia/mauritius | CC BY

In 2024, Malaysia's government deficit, the difference between spending and revenue, was $16.7B, equivalent to 3.95% of GDP. This compares to Mauritius' deficit of $1.12B, or 7.47% of GDP.

Over the past 25 years, Malaysia recorded a fiscal deficit in 25 of those years, while Mauritius ran a deficit in 25 years. On average, Malaysia posted an annual deficit equal to 3.69% of GDP, compared to deficit of 4.19% of GDP for Mauritius.

Inflation comparison by year

Inflation
Malaysia

Mauritius
1x
Year Consumer prices inflation
Malaysia Mauritius
2024 1.83% 3.6%
2023 2.49% 7.05%
2022 3.38% 10.8%
2021 2.48% 4.03%
2020 -1.14% 2.58%
2019 0.66% 0.41%
2018 0.88% 3.22%
2017 3.87% 3.67%
2016 2.09% 0.98%
2015 2.1% 1.29%
2014 3.14% 3.22%
2013 2.11% 3.54%
2012 1.66% 3.85%
2011 3.17% 6.52%
2010 1.62% 2.93%
2009 0.58% 2.52%
2008 5.44% 9.73%
2007 2.03% 8.83%
2006 3.61% 8.91%
2005 2.98% 4.94%
2004 1.42% 4.71%
2003 1.09% 3.92%
2002 1.81% 6.42%
2001 1.42% 5.39%
2000 1.53% 4.2%
1999 2.74% 6.91%
1998 5.27% 6.81%
1997 2.66% 6.83%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/malaysia/mauritius | CC BY

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 4.92% in Mauritius. In 2024, inflation was 1.83% in Malaysia and 3.6% in Mauritius.

Top exports between countries

Malaysia
Export category Export value
Processed food, beverages & tobacco $37.8M
Machinery & equipment $11.1M
Chemicals & pharma $9.25M
Wood & paper products $8.82M
Textiles & consumer goods $7.37M
Raw materials & minerals $3.15M
Miscellaneous $2.01M
Metals $1.5M
Animal & marine products $1.46M
Raw agricultural goods $1.01M
Mauritius
Export category Export value
Animal & marine products $1.77M
Machinery & equipment $587K
Metals $382K
Textiles & consumer goods $256K
Processed food, beverages & tobacco $171K
Miscellaneous $51K
Wood & paper products $40K
Chemicals & pharma $29K
Raw materials & minerals $7K
Precious metals & jewellery $3K

Balance of trade

Malaysia Mauritius
Current account balance
$7.15B
2024
-$1.05B
2024
Current account balance ranking
26/190
2024
126/190
2024
Current account balance, % of GDP
+1.69%
2024
-7.03%
2024
Goods imports
$223B
2024
$6.35B
2024
Goods exports
$248B
2024
$2.37B
2024
Service imports
$56.4B
2024
$2.28B
2024
Service exports
$53.4B
2024
$4.19B
2024
Imports of goods and services, % of GDP
66%
2024
78.3%
2024
Exports of goods and services, % of GDP
71.3%
2024
67.1%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Malaysia Mauritius
Economic freedom 68 73
Economic freedom ranking 51/197 26/197
Property rights 62.7 83.9
Government integrity 52.9 53.4
Judicial effectiveness 63.4 80.7
Tax burden 83.5 89.6
Government spending 82 73.8
Fiscal health 62.5 45.5
Business freedom 79.6 81.5
Labor freedom 55.4 69.6
Monetary freedom 80.8 70.7
Trade freedom 83 87
Investment freedom 60 70
Financial freedom 50 70

Economic freedom comparison by year

Malaysia
Mauritius
1x
Year Economic freedom index
Malaysia Mauritius
2026 68 73
2025 67.1 75
2024 65.7 71.5
2023 67.3 70.6
2022 68.1 70.9
2021 74.4 77
2020 74.7 74.9
2019 74 73
2018 74.5 75.1
2017 73.8 74.7
2016 71.5 74.7
2015 70.8 76.4
2014 69.6 76.5
2013 66.1 76.9
2012 66.4 77
2011 66.3 76.2
2010 64.8 76.3
2009 64.6 74.3
2008 63.9 72.6
2007 63.8 69.4
2006 61.6 67.4
2005 61.9 67.2
2004 59.9 64.3
2003 61.1 64.4
2002 60.1 67.7
2001 60.2 66.4
2000 66 67.2
1999 68.9 68.5
1998 68.2 -
1997 66.8 -
1996 69.9 -
1995 71.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/malaysia/mauritius | CC BY

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 73 for Mauritius, ranking 26/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia Mauritius
Services, % of GDP
53.7%
2024
64.4%
2024
Industry, % of GDP
37%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
4.23%
2024
GNI, Atlas method
$414B
2024
$16.2B
2024
GNI per capita, PPP
$37,450
2024
$35,100
2024
Total reserves including gold
$116B
2024
$8.51B
2024
Total reserves ranking
24/177
2024
83/177
2024
Net foreign direct investment
-$2.55B
2024
$963M
2024
Net inflows of foreign direct investment
$15.6B
2024
$681M
2024
Net outflows of foreign direct investment
$13B
2024
$38.3M
2024
Servicing debt to the IMF, % of GNI n/a
10.1%
2024
Poverty at national poverty lines
5.8%
2023
8.4%
2023
Gross capital formation, % of GDP
22%
2024
21.2%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/malaysia/mauritius | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.