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Economy of Malaysia vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $1.16B for Saint Vincent, ranking 38/197 and 186/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Malaysia vs Saint Vincent GDP by year

Malaysia
Saint Vincent
1x
Year GDP, current $
Malaysia Saint Vincent
2024 $422,227,005,429 $1,157,207,407
2023 $399,949,418,753 $1,072,237,037
2022 $407,830,525,990 $989,188,889
2021 $373,784,553,030 $888,677,778
2020 $337,456,163,961 $864,566,667
2019 $365,177,721,022 $910,481,481
2018 $358,788,845,713 $884,329,630
2017 $319,109,094,160 $844,040,741
2016 $301,256,033,870 $814,303,704
2015 $301,355,266,965 $786,555,556
2014 $338,066,095,097 $770,900,000
2013 $323,276,235,524 $764,781,259
2012 $314,443,047,642 $730,032,593
2011 $297,951,668,675 $713,796,370
2010 $255,017,638,456 $720,447,889
2009 $202,257,453,037 $714,300,259
2008 $230,811,614,370 $732,663,259
2007 $193,549,569,478 $713,596,667
2006 $162,692,258,307 $643,501,148
2005 $143,534,405,819 $579,948,926
2004 $124,749,473,684 $549,900,185
2003 $110,202,368,421 $509,090,889
2002 $100,845,526,316 $487,763,852
2001 $92,783,947,368 $462,072,333
2000 $93,789,736,842 $427,946,037
1999 $79,148,421,053 $390,718,519
1998 $72,167,498,981 $373,618,519
1997 $100,005,323,302 $347,770,370
1996 $100,855,393,910 $331,488,889
1995 $88,705,342,903 $316,007,407
1994 $74,478,356,958 $289,437,037
1993 $66,894,966,969 $286,307,407
1992 $59,167,550,163 $277,955,556
1991 $49,143,148,094 $254,829,630
1990 $44,024,585,240 $240,366,667
1989 $38,847,965,293 $214,745,002
1988 $35,272,109,220 $200,726,713
1987 $32,181,210,158 $175,580,647
1986 $27,734,111,400 $160,846,657
1985 $31,199,633,353 $145,641,705
1984 $33,942,897,422 $135,024,988
1983 $30,347,442,111 $122,255,350
1982 $26,804,493,635 $113,759,203
1981 $25,004,285,792 $102,086,539
1980 $24,488,224,677 $82,340,340
1979 $21,213,264,962 $71,096,360
1978 $16,358,079,862 $60,844,771
1977 $13,139,488,633 $49,353,162
1976 $11,050,234,599 $32,792,845
1975 $9,298,800,799 $33,237,226
1974 $9,496,204,302 $32,923,703
1973 $7,662,902,678 $30,165,081
1972 $5,043,347,250 $27,585,805
1971 $4,244,395,956 $20,051,922
1970 $3,864,145,667 $18,450,000
1969 $3,664,552,041 $16,650,000
1968 $3,330,371,551 $15,350,000
1967 $3,188,924,677 $15,835,106
1966 $3,143,517,944 $16,099,960
1965 $2,956,337,669 $15,108,296
1964 $2,674,423,922 $14,758,296
1963 $2,510,110,348 $13,708,299
1962 $2,001,489,602 $14,524,964
1961 $1,901,856,123 $13,999,965
1960 $1,916,229,477 $13,066,634

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

GeoRank.org/economy/malaysia/saint-vincent | CC BY

GDP per capita in Malaysia vs Saint Vincent by year

Malaysia
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $11,501 $21,272
2023 $11,386 $36,467 $10,582 $19,820
2022 $11,755 $34,420 $9,694 $18,035
2021 $10,903 $29,823 $8,641 $16,201
2020 $9,958 $27,475 $8,351 $15,337
2019 $10,920 $28,934 $8,741 $15,340
2018 $10,902 $27,794 $8,428 $14,690
2017 $9,863 $26,416 $7,988 $13,575
2016 $9,477 $25,286 $7,657 $13,493
2015 $9,649 $24,526 $7,354 $12,379
2014 $11,013 $24,307 $7,169 $12,136
2013 $10,714 $23,161 $7,072 $11,625
2012 $10,601 $22,639 $6,714 $10,989
2011 $10,217 $21,324 $6,528 $10,774
2010 $8,899 $20,193 $6,552 $10,561
2009 $7,191 $18,923 $6,464 $10,869
2008 $8,372 $19,480 $6,599 $10,902
2007 $7,169 $18,617 $6,398 $10,604
2006 $6,158 $17,426 $5,745 $9,949
2005 $5,556 $16,371 $5,157 $8,986
2004 $4,939 $15,416 $4,873 $8,472
2003 $4,465 $14,387 $4,500 $7,903
2002 $4,184 $13,656 $4,303 $7,250
2001 $3,944 $13,072 $4,071 $6,768
2000 $4,084 $13,027 $3,769 $6,503
1999 $3,528 $11,980 $3,447 $6,266
1998 $3,294 $11,398 $3,301 $6,026
1997 $4,679 $12,469 $3,074 $5,726
1996 $4,837 $11,709 $2,930 $5,440
1995 $4,363 $10,720 $2,795 $5,277
1994 $3,758 $9,806 $2,563 $4,802
1993 $3,462 $9,018 $2,540 $4,769
1992 $3,141 $8,224 $2,471 $4,477
1991 $2,679 $7,583 $2,271 $4,126
1990 $2,469 $6,887 $2,150 $3,960
1989 $2,244 - $1,930 -
1988 $2,100 - $1,814 -
1987 $1,977 - $1,596 -
1986 $1,760 - $1,472 -
1985 $2,046 - $1,342 -
1984 $2,300 - $1,254 -
1983 $2,124 - $1,144 -
1982 $1,938 - $1,074 -
1981 $1,866 - $972 -
1980 $1,886 - $790 -
1979 $1,680 - $687 -
1978 $1,327 - $592 -
1977 $1,092 - $484 -
1976 $940 - $324 -
1975 $811 - $331 -
1974 $848 - $331 -
1973 $701 - $306 -
1972 $472 - $282.1 -
1971 $407 - $207 -
1970 $380 - $192.3 -
1969 $368 - $175.2 -
1968 $342 - $163.1 -
1967 $335 - $170 -
1966 $339 - $174.9 -
1965 $326 - $166.2 -
1964 $303 - $164.4 -
1963 $291.8 - $154.9 -
1962 $238.8 - $166.5 -
1961 $232.9 - $163 -
1960 $240.8 - $154.8 -

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

GeoRank.org/economy/malaysia/saint-vincent | CC BY

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Malaysia Saint Vincent
Gross domestic product
$422B
2024
$1.16B
2024
GDP rank
38/197
2024
186/197
2024
GDP growth
5.11%
2023-2024
4.06%
2023-2024
GDP per capita
$11,874
2024
$11,501
2024
GDP per capita rank
79/197
2024
81/197
2024
GDP per capita, PPP
$38,779
2024
$21,272
2024
GDP per capita PPP rank
60/197
2024
92/197
2024
Government debt
$296B
2024
$1.07B
2024
Debt-to-GDP ratio
70.1%
2024
92.7%
2024
Government debt per person
$8,322
2024
$10,659
2024
Government debt per person rank
62/185
2024
56/185
2024
Average annual personal income after taxes
$11,005
2026
$12,573
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
39.1%
2024
Consumer prices inflation
1.83%
2023-2024
3.63%
2023-2024
Central bank interest rate
2.75%
2025
n/a
Unemployment rate
3.93%
2022
18.8%
2008
Population
36512221
99237

Spending and national debt comparison by year

Malaysia
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Malaysia Saint Vincent
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 39.1% 92.7%
2023 24.9% 69.7% 38.9% 89.4%
2022 24.6% 65.5% 36.6% 86.3%
2021 24.5% 69.2% 37.2% 88.4%
2020 25% 67.7% 32.9% 80.2%
2019 23.6% 57.1% 29.2% 68.2%
2018 22.8% 55.6% 26.3% 69.4%
2017 22% 54.4% 26.6% 69%
2016 22.9% 55.8% 27.1% 79.4%
2015 24.7% 57% 27.6% 75.1%
2014 26% 55.4% 30.4% 75%
2013 27.8% 55.7% 29.4% 69.9%
2012 28.5% 53.8% 26.5% 68.1%
2011 27.1% 51.9% 29.4% 64%
2010 26.6% 51.2% 31.1% 61.1%
2009 30.9% 50.4% 31% 57.2%
2008 26.9% 39.4% 28.4% 50.3%
2007 25.9% 39.3% 27.1% 48.5%
2006 25.6% 39.7% 26.1% 44.7%
2005 24.5% 40.8% 26.7% 50.5%
2004 25.9% 42% 24.9% 58.6%
2003 28.1% 41.4% 26% 55.3%
2002 27.1% 39.5% 25.7% 53.2%
2001 28.2% 38.1% 24.4% 52%
2000 25.6% 32.5% 23.8% 54.3%
1999 24.6% 34.4% 25.2% 52.9%
1998 23.1% 33.6% 25.2% 39.5%
1997 21.2% 29.6% 26% 38.8%
1996 22.4% 32.8% 20.9% 40.7%
1995 22.6% 38.2% 19.9% 46.8%
1994 23.3% 43.7% 22.4% 52.8%
1993 24.6% 51.1% 22.3% 48.1%
1992 28.2% 59.1% 25.4% 49.6%
1991 27.4% 67.3% 25.5% 52.1%
1990 30.5% 74.1% 23.1% 53.9%
1989 - - 27.6% -
1988 - - 24.8% -
1987 - - 23.7% -
1986 - - 22.3% -
1985 - - 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/malaysia/saint-vincent | CC BY

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 92.7% in Saint Vincent, ranking 58/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Malaysia Saint Vincent
2024 -3.95% -12.9%
2023 -3.97% -12%
2022 -4.56% -9.35%
2021 -6.03% -7.19%
2020 -4.9% -5.92%
2019 -2.01% -3.45%
2018 -2.64% -1.65%
2017 -2.41% -1.56%
2016 -2.6% 0.04%
2015 -2.55% -2.01%
2014 -2.63% -2.82%
2013 -3.48% -5.81%
2012 -3.1% -1.81%
2011 -3.57% -3.5%
2010 -4.32% -3.7%
2009 -5.88% -2.85%
2008 -3.4% -1.3%
2007 -2.57% -3.07%
2006 -2.6% -3.13%
2005 -2.83% -4.3%
2004 -3.35% -2.71%
2003 -4.6% -2.51%
2002 -3.96% -2%
2001 -4.36% -1.6%
2000 -6.05% -0.82%
1999 -3% -1.93%
1998 -0.63% -1.81%
1997 4.84% -2.77%
1996 3.27% 1.57%
1995 3.1% 1.08%
1994 5.45% 0.12%
1993 3.44% -1.46%
1992 1.81% -3.25%
1991 1.6% -0.47%
1990 0.15% 1.69%
1989 - -1.92%
1988 - 0.59%
1987 - 1.1%
1986 - 2.32%
1985 - 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/malaysia/saint-vincent | 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 Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 35 years, Malaysia recorded a fiscal deficit in 27 of those years, while Saint Vincent ran a deficit in 30 years. On average, Malaysia posted an annual deficit equal to 2.07% of GDP, compared to deficit of 3% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Malaysia

Saint Vincent
1x
Year Consumer prices inflation
Malaysia Saint Vincent
2024 1.83% 3.63%
2023 2.49% 4.56%
2022 3.38% 5.66%
2021 2.48% 1.57%
2020 -1.14% -0.63%
2019 0.66% 0.91%
2018 0.88% 2.32%
2017 3.87% 2.15%
2016 2.09% -0.15%
2015 2.1% -1.73%
2014 3.14% 0.19%
2013 2.11% 0.81%
2012 1.66% 2.6%
2011 3.17% 3.19%
2010 1.62% 0.75%
2009 0.58% 0.42%
2008 5.44% 10.1%
2007 2.03% 7.24%
2006 3.61% 2.74%
2005 2.98% 3.73%
2004 1.42% 2.96%
2003 1.09% 0.21%
2002 1.81% 1.86%
2001 1.42% 0.9%
2000 1.53% 0.17%
1999 2.74% 1.01%
1998 5.27% 2.14%
1997 2.66% 0.44%

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

GeoRank.org/economy/malaysia/saint-vincent | CC BY

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 2.13% in Saint Vincent. In 2024, inflation was 1.83% in Malaysia and 3.63% in Saint Vincent.

Top exports between countries

Malaysia
Export category Export value
Machinery & equipment $4.73M
Animal & marine products $1.06M
Processed food, beverages & tobacco $365K
Raw materials & minerals $103K
Chemicals & pharma $21K
Textiles & consumer goods $21K
Miscellaneous $17K
Raw agricultural goods $7K
Saint Vincent
Export category Export value

Balance of trade

Malaysia Saint Vincent
Current account balance
$7.15B
2024
-$157M
2024
Current account balance ranking
26/190
2024
93/190
2024
Current account balance, % of GDP
+1.69%
2024
-13.5%
2024
Goods imports
$223B
2024
$445M
2024
Goods exports
$248B
2024
$59.2M
2024
Service imports
$56.4B
2024
$196M
2024
Service exports
$53.4B
2024
$366M
2024
Imports of goods and services, % of GDP
66%
2024
n/a
Exports of goods and services, % of GDP
71.3%
2024
15.3%
2025

Economic freedom indices

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

Malaysia Saint Vincent
Economic freedom 68 60
Economic freedom ranking 51/197 98/197
Property rights 62.7 65.2
Government integrity 52.9 63.3
Judicial effectiveness 63.4 76.9
Tax burden 83.5 82
Government spending 82 56.2
Fiscal health 62.5 2.8
Business freedom 79.6 67.3
Labor freedom 55.4 60.1
Monetary freedom 80.8 77.3
Trade freedom 83 58.8
Investment freedom 60 70
Financial freedom 50 40

Economic freedom comparison by year

Malaysia
Saint Vincent
1x
Year Economic freedom index
Malaysia Saint Vincent
2026 68 60
2025 67.1 60.1
2024 65.7 59.8
2023 67.3 63.5
2022 68.1 65.7
2021 74.4 66.3
2020 74.7 66.8
2019 74 65.8
2018 74.5 67.7
2017 73.8 65.2
2016 71.5 68.8
2015 70.8 68
2014 69.6 67
2013 66.1 66.7
2012 66.4 66.5
2011 66.3 66.9
2010 64.8 66.9
2009 64.6 64.3
2008 63.9 -
2007 63.8 -
2006 61.6 -
2005 61.9 -
2004 59.9 -
2003 61.1 -
2002 60.1 -
2001 60.2 -
2000 66 -
1999 68.9 -
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/saint-vincent | CC BY

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia Saint Vincent
Services, % of GDP
53.7%
2024
66.4%
2024
Industry, % of GDP
37%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
3.55%
2024
GNI, Atlas method
$414B
2024
$1.11B
2024
GNI per capita, PPP
$37,450
2024
$21,150
2024
Total reserves including gold
$116B
2024
$317M
2024
Total reserves ranking
24/177
2024
167/177
2024
Net foreign direct investment
-$2.55B
2024
-$74M
2024
Net inflows of foreign direct investment
$15.6B
2024
$139M
2024
Net outflows of foreign direct investment
$13B
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI n/a
3.84%
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/saint-vincent | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.