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Economy of Malaysia vs North Korea compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $34.9B for North Korea, ranking 38/197 and 106/197 by economy size, respectively.

Malaysia vs North Korea GDP by year

Malaysia
North Korea
1x
Year GDP, current $
Malaysia North Korea
2024 $422,227,005,429 $34,943,120,000
2023 $399,949,418,753 $32,155,360,000
2022 $407,830,525,990 $28,971,360,000
2021 $373,784,553,030 $32,301,720,000
2020 $337,456,163,961 $27,728,240,000
2019 $365,177,721,022 $28,222,880,000
2018 $358,788,845,713 $28,536,400,000
2017 $319,109,094,160 $29,105,440,000
2016 $301,256,033,870 $28,882,640,000
2015 $301,355,266,965 $30,723,030,000
2014 $338,066,095,097 $30,554,460,000
2013 $323,276,235,524 $30,588,922,000
2012 $314,443,047,642 $29,890,710,000
2011 $297,951,668,675 $29,005,020,000
2010 $255,017,638,456 $25,995,513,000
2009 $202,257,453,037 $23,356,470,000
2008 $230,811,614,370 -
2007 $193,549,569,478 -
2006 $162,692,258,307 -
2005 $143,534,405,819 -
2004 $124,749,473,684 -
2003 $110,202,368,421 -
2002 $100,845,526,316 -
2001 $92,783,947,368 -
2000 $93,789,736,842 -
1999 $79,148,421,053 -
1998 $72,167,498,981 -
1997 $100,005,323,302 -
1996 $100,855,393,910 -
1995 $88,705,342,903 -
1994 $74,478,356,958 -
1993 $66,894,966,969 -
1992 $59,167,550,163 -
1991 $49,143,148,094 -
1990 $44,024,585,240 -
1989 $38,847,965,293 -
1988 $35,272,109,220 -
1987 $32,181,210,158 -
1986 $27,734,111,400 -
1985 $31,199,633,353 -
1984 $33,942,897,422 -
1983 $30,347,442,111 -
1982 $26,804,493,635 -
1981 $25,004,285,792 -
1980 $24,488,224,677 -
1979 $21,213,264,962 -
1978 $16,358,079,862 -
1977 $13,139,488,633 -
1976 $11,050,234,599 -
1975 $9,298,800,799 -
1974 $9,496,204,302 -
1973 $7,662,902,678 -
1972 $5,043,347,250 -
1971 $4,244,395,956 -
1970 $3,864,145,667 -
1969 $3,664,552,041 -
1968 $3,330,371,551 -
1967 $3,188,924,677 -
1966 $3,143,517,944 -
1965 $2,956,337,669 -
1964 $2,674,423,922 -
1963 $2,510,110,348 -
1962 $2,001,489,602 -
1961 $1,901,856,123 -
1960 $1,916,229,477 -

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

GeoRank.org/economy/malaysia/north-korea | CC BY

GDP per capita in Malaysia vs North Korea by year

Malaysia
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $1,319 -
2023 $11,386 $36,467 $1,217 -
2022 $11,755 $34,420 $1,100 -
2021 $10,903 $29,823 $1,231 -
2020 $9,958 $27,475 $1,061 -
2019 $10,920 $28,934 $1,084 -
2018 $10,902 $27,794 $1,100 -
2017 $9,863 $26,416 $1,127 -
2016 $9,477 $25,286 $1,124 -
2015 $9,649 $24,526 $1,201 $1,700
2014 $11,013 $24,307 $1,201 $1,800
2013 $10,714 $23,161 $1,208 -
2012 $10,601 $22,639 $1,186 -
2011 $10,217 $21,324 $1,156 $1,800
2010 $8,899 $20,193 $1,040 -
2009 $7,191 $18,923 $939 $1,800
2008 $8,372 $19,480 - $1,800
2007 $7,169 $18,617 - $1,700
2006 $6,158 $17,426 - $1,800
2005 $5,556 $16,371 - $1,700
2004 $4,939 $15,416 - $1,700
2003 $4,465 $14,387 - $1,300
2002 $4,184 $13,656 - $1,000
2001 $3,944 $13,072 - -
2000 $4,084 $13,027 - $1,000
1999 $3,528 $11,980 - $1,000
1998 $3,294 $11,398 - -
1997 $4,679 $12,469 - -
1996 $4,837 $11,709 - -
1995 $4,363 $10,720 - -
1994 $3,758 $9,806 - -
1993 $3,462 $9,018 - -
1992 $3,141 $8,224 - -
1991 $2,679 $7,583 - -
1990 $2,469 $6,887 - -
1989 $2,244 - - -
1988 $2,100 - - -
1987 $1,977 - - -
1986 $1,760 - - -
1985 $2,046 - - -
1984 $2,300 - - -
1983 $2,124 - - -
1982 $1,938 - - -
1981 $1,866 - - -
1980 $1,886 - - -
1979 $1,680 - - -
1978 $1,327 - - -
1977 $1,092 - - -
1976 $940 - - -
1975 $811 - - -
1974 $848 - - -
1973 $701 - - -
1972 $472 - - -
1971 $407 - - -
1970 $380 - - -
1969 $368 - - -
1968 $342 - - -
1967 $335 - - -
1966 $339 - - -
1965 $326 - - -
1964 $303 - - -
1963 $291.8 - - -
1962 $238.8 - - -
1961 $232.9 - - -
1960 $240.8 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/malaysia/north-korea | CC BY

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while North Korea ranks 193rd at $1,700.

Economic indicators

Malaysia North Korea
Gross domestic product
$422B
2024
$34.9B
2024
GDP rank
38/197
2024
106/197
2024
GDP growth
5.11%
2023-2024
n/a
GDP per capita
$11,874
2024
$1,319
2024
GDP per capita rank
79/197
2024
168/197
2024
GDP per capita, PPP
$38,779
2024
$1,700
2015
GDP per capita PPP rank
60/197
2024
193/197
2015
Government debt
$296B
2024
n/a
Debt-to-GDP ratio
70.1%
2024
n/a
Government debt per person
$8,322
2024
n/a
Government debt per person rank
62/185
2024
n/a
Average annual personal income after taxes
$11,005
2026
$1,426
2026
Market capitalization of domestic companies
$449B
2024
n/a
Number of billionaires
19
2025
n/a
Income share by richest 10%
30.9%
2021
n/a
Income share by poorest 10%
2.3%
2021
n/a
Government expenditure, % of GDP
23.9%
2024
n/a
Consumer prices inflation
1.83%
2023-2024
n/a
Central bank interest rate
2.75%
2025
n/a
Unemployment rate
3.93%
2022
25.6%
2013
Population
36512221
26659144

Balance of trade

Malaysia North Korea
Current account balance
$7.15B
2024
n/a
Current account balance ranking
26/190
2024
n/a
Current account balance, % of GDP
+1.69%
2024
n/a
Goods imports
$223B
2024
n/a
Goods exports
$248B
2024
n/a
Service imports
$56.4B
2024
n/a
Service exports
$53.4B
2024
n/a
Imports of goods and services, % of GDP
66%
2024
n/a
Exports of goods and services, % of GDP
71.3%
2024
n/a

Economic freedom indices

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

Malaysia North Korea
Economic freedom 68 3.1
Economic freedom ranking 51/197 197/197
Property rights 62.7 16.3
Government integrity 52.9 4.3
Judicial effectiveness 63.4 6.3
Tax burden 83.5 0
Government spending 82 0
Fiscal health 62.5 0
Business freedom 79.6 5
Labor freedom 55.4 5
Monetary freedom 80.8 0
Trade freedom 83 0
Investment freedom 60 0
Financial freedom 50 0

Economic freedom comparison by year

Malaysia
North Korea
1x
Year Economic freedom index
Malaysia North Korea
2026 68 3.1
2025 67.1 3
2024 65.7 2.9
2023 67.3 2.9
2022 68.1 3
2021 74.4 5.2
2020 74.7 4.2
2019 74 5.9
2018 74.5 5.8
2017 73.8 4.9
2016 71.5 2.3
2015 70.8 1.3
2014 69.6 1
2013 66.1 1.5
2012 66.4 1
2011 66.3 1
2010 64.8 1
2009 64.6 2
2008 63.9 3
2007 63.8 3
2006 61.6 4
2005 61.9 8
2004 59.9 8.9
2003 61.1 8.9
2002 60.1 8.9
2001 60.2 8.9
2000 66 8.9
1999 68.9 8.9
1998 68.2 8.9
1997 66.8 8.9
1996 69.9 8.9
1995 71.9 8.9

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

GeoRank.org/economy/malaysia/north-korea | CC BY

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia North Korea
Services, % of GDP
53.7%
2024
n/a
Industry, % of GDP
37%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
n/a
GNI, Atlas method
$414B
2024
n/a
GNI per capita, PPP
$37,450
2024
n/a
Total reserves including gold
$116B
2024
n/a
Total reserves ranking
24/177
2024
n/a
Net foreign direct investment
-$2.55B
2024
n/a
Net inflows of foreign direct investment
$15.6B
2024
$203K
1989
Net outflows of foreign direct investment
$13B
2024
$0
2024
Poverty at national poverty lines
5.8%
2023
n/a
Gross capital formation, % of GDP
22%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.

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.