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Economy of Malaysia vs Russia compared: GDP & Debt

Updated on by Georank

Malaysia has a GDP of $472B compared to $2.56T for Russia, ranking 35/197 and 8/197 by economy size, respectively.

Malaysia has $334B in government debt (70.7% of GDP), compared to $440B (17.2% of GDP) in Russia.

Malaysia vs Russia GDP by year

Malaysia
Russia
1x
Year GDP, current $
Malaysia Russia
2025 $472,193,128,645 $2,561,310,169,359
2024 $422,227,005,429 $2,186,462,268,813
2023 $399,949,418,753 $2,046,284,838,151
2022 $407,830,525,990 $2,292,495,097,681
2021 $373,784,553,030 $1,829,186,719,575
2020 $337,456,163,961 $1,493,075,894,362
2019 $365,177,721,022 $1,693,115,002,708
2018 $358,788,845,713 $1,657,328,773,461
2017 $319,109,094,160 $1,574,199,360,089
2016 $301,256,033,870 $1,276,786,350,881
2015 $301,355,266,965 $1,363,482,182,198
2014 $338,066,095,097 $2,059,241,589,895
2013 $323,276,235,524 $2,292,470,078,346
2012 $314,443,047,642 $2,208,293,553,878
2011 $297,951,668,675 $2,045,922,753,398
2010 $255,017,638,456 $1,524,916,715,224
2009 $202,257,453,037 $1,222,645,900,056
2008 $230,811,614,370 $1,660,848,058,303
2007 $193,549,569,478 $1,299,703,478,482
2006 $162,692,258,307 $989,932,071,353
2005 $143,534,405,819 $764,015,973,481
2004 $124,749,473,684 $591,016,690,732
2003 $110,202,368,421 $430,347,420,185
2002 $100,845,526,316 $345,470,494,418
2001 $92,783,947,368 $306,602,070,621
2000 $93,789,736,842 $259,710,142,197
1999 $79,148,421,053 $195,907,128,351
1998 $72,167,498,981 $270,955,486,862
1997 $100,005,323,302 $404,928,954,192
1996 $100,855,393,910 $391,724,890,744
1995 $88,705,342,903 $395,537,185,735
1994 $74,478,356,958 $395,077,301,248
1993 $66,894,966,969 $435,083,713,851
1992 $59,167,550,163 $460,290,556,901
1991 $49,143,148,094 $517,962,962,963
1990 $44,024,585,240 $517,014,446,228
1989 $38,847,965,293 $506,631,299,735
1988 $35,272,109,220 $554,828,660,436
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Malaysia vs Russia by year

Malaysia
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,125 - $17,847 -
2024 $11,874 $38,779 $15,219 $47,362
2023 $11,386 $36,467 $14,227 $44,269
2022 $11,755 $34,420 $15,894 $40,939
2021 $10,903 $29,823 $12,637 $38,638
2020 $9,958 $27,475 $10,280 $31,491
2019 $10,920 $28,934 $11,640 $30,964
2018 $10,902 $27,794 $11,399 $28,629
2017 $9,863 $26,416 $10,835 $25,778
2016 $9,477 $25,286 $8,804 $24,012
2015 $9,649 $24,526 $9,427 $23,994
2014 $11,013 $24,307 $14,277 $25,688
2013 $10,714 $23,161 $15,941 $26,020
2012 $10,601 $22,639 $15,402 $24,274
2011 $10,217 $21,324 $14,305 $22,790
2010 $8,899 $20,193 $10,675 $20,490
2009 $7,191 $18,923 $8,563 $19,390
2008 $8,372 $19,480 $11,635 $20,164
2007 $7,169 $18,617 $9,101 $16,648
2006 $6,158 $17,426 $6,920 $14,912
2005 $5,556 $16,371 $5,323 $11,822
2004 $4,939 $15,416 $4,102 $10,227
2003 $4,465 $14,387 $2,975 $9,255
2002 $4,184 $13,656 $2,378 $8,037
2001 $3,944 $13,072 $2,100 $7,361
2000 $4,084 $13,027 $1,772 $6,825
1999 $3,528 $11,980 $1,331 $5,914
1998 $3,294 $11,398 $1,835 $5,465
1997 $4,679 $12,469 $2,738 $5,700
1996 $4,837 $11,709 $2,644 $5,518
1995 $4,363 $10,720 $2,666 $5,613
1994 $3,758 $9,806 $2,662 $5,734
1993 $3,462 $9,018 $2,931 $6,420
1992 $3,141 $8,224 $3,099 $6,862
1991 $2,679 $7,583 $3,490 $7,858
1990 $2,469 $6,887 $3,494 $8,028
1989 $2,244 - $3,430 -
1988 $2,100 - $3,778 -
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 (1960–2025, retrieved 2026-07-08).

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

Malaysia's GDP per capita is $13,125, ranking 78/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Russia ranks 50th at $47,362.

Economic indicators

Malaysia Russia
Gross domestic product
$472B
2025
$2.56T
2025
GDP rank
35/197
2025
8/197
2025
GDP growth
5.17%
2024-2025
1%
2024-2025
GDP per capita
$13,125
2025
$17,847
2025
GDP per capita rank
78/197
2025
68/197
2025
GDP per capita, PPP
$38,779
2024
$47,362
2024
GDP per capita PPP rank
60/197
2024
50/197
2024
Government debt
$334B
2025
$440B
2025
Debt-to-GDP ratio
70.7%
2025
17.2%
2025
Government debt per person
$9,273
2025
$3,068
2025
Government debt per person rank
62/185
2025
105/185
2025
Average annual personal income after taxes
$11,034
2026
$11,183
2026
Market capitalization of domestic companies
$487B
2025
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires
19
2026
147
2026
Income share by richest 10%
30.9%
2021
25.1%
2023
Income share by poorest 10%
2.3%
2021
3.1%
2023
Government expenditure, % of GDP
23.4%
2025
39.1%
2025
Consumer prices inflation
1.38%
2024-2025
8.7%
2024-2025
Central bank interest rate
2.75%
2025
14.5%
2026
Unemployment rate
3.9%
2022
2.13%
2025
Population
36600906
142643173

Spending and national debt comparison by year

Malaysia
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Malaysia Russia
Government spending Government debt Government spending Government debt
2025 23.4% 70.7% 39.1% 17.2%
2024 24% 69.8% 36.7% 14.8%
2023 25% 69.7% 36.1% 15.2%
2022 24.6% 65.5% 35.1% 15.1%
2021 24.5% 69.2% 34.9% 16.5%
2020 25% 67.7% 39.2% 19.2%
2019 23.6% 57.1% 33.8% 13.7%
2018 22.8% 55.6% 32.6% 13.6%
2017 22% 54.4% 34.8% 14.3%
2016 22.9% 55.8% 36.6% 14.8%
2015 24.7% 57% 35.3% 15.3%
2014 26% 55.4% 34.9% 15.1%
2013 27.8% 55.7% 34.7% 12.3%
2012 28.5% 53.8% 34% 11.2%
2011 27.1% 51.9% 33.3% 10.3%
2010 26.6% 51.2% 35.5% 10.1%
2009 30.9% 50.4% 38.6% 9.92%
2008 26.9% 39.4% 32% 7.45%
2007 25.9% 39.3% 31.9% 8.03%
2006 25.6% 39.7% 29% 9.8%
2005 24.5% 40.8% 29.5% 14.9%
2004 25.9% 42% 29.6% 20.8%
2003 28.1% 41.4% 32.6% 28.3%
2002 27.1% 39.5% 33.8% 37.6%
2001 28.2% 38.1% 31.5% 44.4%
2000 25.6% 32.5% 30.7% 55.9%
1999 24.6% 34.4% 34.3% 92.4%
1998 23.1% 33.6% 39.7% 135.2%
1997 21.2% 29.6% - 51.5%
1996 22.4% 32.8% - 51.9%
1995 22.6% 38.2% - 53.7%
1994 23.3% 43.7% - 63.5%
1993 24.6% 51.1% - 92.4%
1992 28.2% 59.1% - 116%
1991 27.4% 67.3% - -
1990 30.5% 74.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-07-08).

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

In 2025, Malaysia's government spending was $111B, accounting for 23.4% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 70.7% in Malaysia and 17.2% in Russia, ranking 56/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Russia
1x
Year Deficit/surplus, % of GDP
Malaysia Russia
2025 -3.54% -3.9%
2024 -3.45% -1.59%
2023 -4.11% -2.24%
2022 -4.56% -1.34%
2021 -6.03% 0.78%
2020 -4.9% -3.99%
2019 -2.01% 1.93%
2018 -2.64% 2.92%
2017 -2.41% -1.47%
2016 -2.6% -3.67%
2015 -2.55% -3.39%
2014 -2.63% -1.07%
2013 -3.48% -1.16%
2012 -3.1% 0.38%
2011 -3.57% 1.43%
2010 -4.32% -3.19%
2009 -5.88% -5.89%
2008 -3.4% 4.55%
2007 -2.57% 5.59%
2006 -2.6% 7.8%
2005 -2.83% 7.6%
2004 -3.35% 4.57%
2003 -4.6% 1.35%
2002 -3.96% 0.67%
2001 -4.36% 2.99%
2000 -6.05% 3.11%
1999 -3% -3.59%
1998 -0.63% -7.42%
1997 4.84% -
1996 3.27% -
1995 3.1% -
1994 5.45% -
1993 3.44% -
1992 1.81% -
1991 1.6% -
1990 0.15% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

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

In 2025, Malaysia's government deficit, the difference between spending and revenue, was $16.7B, equivalent to 3.54% of GDP. This compares to Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Malaysia recorded a fiscal deficit in 28 of those years, while Russia ran a deficit in 14 years. On average, Malaysia posted an annual deficit equal to 3.54% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Malaysia

Russia
1x
Year Consumer prices inflation
Malaysia Russia
2025 1.38% 8.7%
2024 1.83% 8.4%
2023 2.49% 5.9%
2022 3.38% 13.7%
2021 2.48% 6.7%
2020 -1.14% 3.4%
2019 0.66% 4.5%
2018 0.88% 2.9%
2017 3.87% 3.7%
2016 2.09% 7%
2015 2.1% 15.5%
2014 3.14% 7.8%
2013 2.11% 6.8%
2012 1.66% 5.1%
2011 3.17% 8.4%
2010 1.62% 6.8%
2009 0.58% 11.6%
2008 5.44% 14.1%
2007 2.03% 9%
2006 3.61% 9.7%
2005 2.98% 12.7%
2004 1.42% 10.9%
2003 1.09% 13.7%
2002 1.81% 15.8%
2001 1.42% 21.5%
2000 1.53% 20.8%
1999 2.74% 85.7%
1998 5.27% 27.7%
1997 2.66% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Malaysia has recorded an average annual inflation rate of 2.22%, compared with 13.2% in Russia. In 2025, inflation was 1.38% in Malaysia and 8.7% in Russia.

Top exports between countries

Malaysia
Export category Export value
Processed food, beverages & tobacco $248M
Machinery & equipment $239M
Chemicals & pharma $99.3M
Raw materials & minerals $82.6M
Metals $5.32M
Textiles & consumer goods $4.52M
Raw agricultural goods $487K
Miscellaneous $428K
Wood & paper products $328K
Precious metals & jewellery $276K
Russia
Export category Export value
Raw materials & minerals $1.31B
Metals $31.8M
Manufacturing & construction services $24.7M
Processed food, beverages & tobacco $22.7M
Wood & paper products $20.8M
Machinery & equipment $17.7M
Business & finance services $12.9M
Miscellaneous $9.56M
IT & IP services $6.55M
Chemicals & pharma $6.34M

Balance of trade

Malaysia Russia
Current account balance
$7.15B
2024
$43.1B
2025
Current account balance ranking
29/190
2024
14/190
2025
Current account balance, % of GDP
+1.69%
2024
+1.68%
2025
Goods imports
$223B
2024
$305B
2025
Goods exports
$248B
2024
$422B
2025
Service imports
$56.4B
2024
$94.8B
2025
Service exports
$53.4B
2024
$46.3B
2025
Imports of goods and services, % of GDP
65.4%
2025
15.5%
2025
Exports of goods and services, % of GDP
71%
2025
18.2%
2025

Economic freedom indices

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

Malaysia Russia
Economic freedom 68 50.3
Economic freedom ranking 51/197 161/197
Property rights 62.7 18.6
Government integrity 52.9 22.8
Judicial effectiveness 63.4 22.8
Tax burden 83.5 81.9
Government spending 82 61.3
Fiscal health 62.5 94.4
Business freedom 79.6 51.4
Labor freedom 55.4 59.1
Monetary freedom 80.8 61.8
Trade freedom 83 69.4
Investment freedom 60 30
Financial freedom 50 30

Economic freedom comparison by year

Malaysia
Russia
1x
Year Economic freedom index
Malaysia Russia
2026 68 50.3
2025 67.1 51.6
2024 65.7 52
2023 67.3 53.8
2022 68.1 56.1
2021 74.4 61.5
2020 74.7 61
2019 74 58.9
2018 74.5 58.2
2017 73.8 57.1
2016 71.5 50.6
2015 70.8 52.1
2014 69.6 51.9
2013 66.1 51.1
2012 66.4 50.5
2011 66.3 50.5
2010 64.8 50.3
2009 64.6 50.8
2008 63.9 49.8
2007 63.8 52.2
2006 61.6 52.4
2005 61.9 51.3
2004 59.9 52.8
2003 61.1 50.8
2002 60.1 48.7
2001 60.2 49.8
2000 66 51.8
1999 68.9 54.5
1998 68.2 52.8
1997 66.8 48.6
1996 69.9 51.6
1995 71.9 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia Russia
Services, % of GDP
54.8%
2025
58.9%
2025
Industry, % of GDP
35.7%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
8.22%
2025
3.06%
2025
GNI, Atlas method
$445B
2025
$2.33T
2025
GNI per capita, PPP
$40,070
2025
$49,220
2025
Total reserves including gold
$126B
2025
$608B
2024
Total reserves ranking
25/177
2025
6/177
2024
Net foreign direct investment
-$2.55B
2024
-$12.4B
2025
Net inflows of foreign direct investment
$15.6B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$13B
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.63%
2024
Poverty at national poverty lines
5.1%
2023
7.2%
2024
Gross capital formation, % of GDP
20.5%
2025
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.