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Economy of Malaysia vs Slovakia compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $141B for Slovakia, ranking 38/197 and 61/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Malaysia vs Slovakia GDP by year

Malaysia
Slovakia
1x
Year GDP, current $
Malaysia Slovakia
2024 $422,227,005,429 $140,934,076,532
2023 $399,949,418,753 $133,578,518,424
2022 $407,830,525,990 $115,792,972,358
2021 $373,784,553,030 $120,511,265,913
2020 $337,456,163,961 $107,732,602,896
2019 $365,177,721,022 $105,843,498,304
2018 $358,788,845,713 $106,611,673,365
2017 $319,109,094,160 $95,978,130,735
2016 $301,256,033,870 $90,347,173,229
2015 $301,355,266,965 $89,178,548,717
2014 $338,066,095,097 $101,713,075,599
2013 $323,276,235,524 $99,134,277,850
2012 $314,443,047,642 $94,724,394,278
2011 $297,951,668,675 $99,705,104,723
2010 $255,017,638,456 $91,112,160,801
2009 $202,257,453,037 $89,342,984,698
2008 $230,811,614,370 $100,830,060,553
2007 $193,549,569,478 $86,587,749,518
2006 $162,692,258,307 $70,751,813,443
2005 $143,534,405,819 $62,547,753,148
2004 $124,749,473,684 $57,215,475,076
2003 $110,202,368,421 $46,616,149,117
2002 $100,845,526,316 $35,243,658,399
2001 $92,783,947,368 $30,726,659,551
2000 $93,789,736,842 $29,215,726,005
1999 $79,148,421,053 $30,496,272,225
1998 $72,167,498,981 $29,976,207,629
1997 $100,005,323,302 $27,844,628,979
1996 $100,855,393,910 $28,197,790,875
1995 $88,705,342,903 $26,180,022,222
1994 $74,478,356,958 $20,428,139,756
1993 $66,894,966,969 $16,737,973,764
1992 $59,167,550,163 $15,699,327,209
1991 $49,143,148,094 $14,459,924,589
1990 $44,024,585,240 $12,915,046,978
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/slovakia | CC BY

GDP per capita in Malaysia vs Slovakia by year

Malaysia
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $25,993 $48,132
2023 $11,386 $36,467 $24,615 $45,974
2022 $11,755 $34,420 $21,318 $41,562
2021 $10,903 $29,823 $22,123 $38,346
2020 $9,958 $27,475 $19,735 $35,328
2019 $10,920 $28,934 $19,406 $33,986
2018 $10,902 $27,794 $19,573 $31,510
2017 $9,863 $26,416 $17,646 $30,246
2016 $9,477 $25,286 $16,636 $29,868
2015 $9,649 $24,526 $16,442 $30,148
2014 $11,013 $24,307 $18,771 $29,108
2013 $10,714 $23,161 $18,313 $28,075
2012 $10,601 $22,639 $17,517 $27,023
2011 $10,217 $21,324 $18,469 $26,202
2010 $8,899 $20,193 $16,899 $25,382
2009 $7,191 $18,923 $16,587 $23,077
2008 $8,372 $19,480 $18,744 $23,714
2007 $7,169 $18,617 $16,110 $21,232
2006 $6,158 $17,426 $13,168 $18,906
2005 $5,556 $16,371 $11,642 $16,570
2004 $4,939 $15,416 $10,650 $15,166
2003 $4,465 $14,387 $8,675 $14,088
2002 $4,184 $13,656 $6,555 $13,292
2001 $3,944 $13,072 $5,712 $12,367
2000 $4,084 $13,027 $5,422 $11,370
1999 $3,528 $11,980 $5,652 $10,726
1998 $3,294 $11,398 $5,561 $10,666
1997 $4,679 $12,469 $5,172 $10,137
1996 $4,837 $11,709 $5,248 $9,500
1995 $4,363 $10,720 $4,883 $8,812
1994 $3,758 $9,806 $3,821 $8,178
1993 $3,462 $9,018 $3,143 $7,569
1992 $3,141 $8,224 $2,959 $7,270
1991 $2,679 $7,583 $2,727 $7,623
1990 $2,469 $6,887 $2,437 $8,638
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).

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

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Slovakia ranks 49th at $48,132.

Economic indicators

Malaysia Slovakia
Gross domestic product
$422B
2024
$141B
2024
GDP rank
38/197
2024
61/197
2024
GDP growth
5.11%
2023-2024
1.94%
2023-2024
GDP per capita
$11,874
2024
$25,993
2024
GDP per capita rank
79/197
2024
47/197
2024
GDP per capita, PPP
$38,779
2024
$48,132
2024
GDP per capita PPP rank
60/197
2024
49/197
2024
Government debt
$296B
2024
$80.7B
2024
Debt-to-GDP ratio
70.1%
2024
57.2%
2024
Government debt per person
$8,322
2024
$14,876
2024
Government debt per person rank
62/185
2024
40/185
2024
Average annual personal income after taxes
$11,005
2026
$17,983
2026
Market capitalization of domestic companies
$449B
2024
$5.38B
2014
Number of billionaires
19
2025
2
2025
Income share by richest 10%
30.9%
2021
18.8%
2023
Income share by poorest 10%
2.3%
2021
3.3%
2023
Government expenditure, % of GDP
23.9%
2024
47.1%
2024
Consumer prices inflation
1.83%
2023-2024
2.76%
2023-2024
Central bank interest rate
2.75%
2025
n/a
Unemployment rate
3.93%
2022
5.34%
2024
Population
36512221
5359438

Spending and national debt comparison by year

Malaysia
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Malaysia Slovakia
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 47.1% 57.2%
2023 24.9% 69.7% 48% 55.6%
2022 24.6% 65.5% 43% 57.7%
2021 24.5% 69.2% 44.9% 60.2%
2020 25% 67.7% 44.5% 58.4%
2019 23.6% 57.1% 40.6% 48%
2018 22.8% 55.6% 39.7% 49.3%
2017 22% 54.4% 39.8% 51.4%
2016 22.9% 55.8% 40.9% 52.1%
2015 24.7% 57% 44.1% 51.6%
2014 26% 55.4% 42% 53.4%
2013 27.8% 55.7% 41.1% 54.6%
2012 28.5% 53.8% 40% 51.7%
2011 27.1% 51.9% 40.8% 43.3%
2010 26.6% 51.2% 41% 40.7%
2009 30.9% 50.4% 43.2% 36.4%
2008 26.9% 39.4% 36.5% 28.6%
2007 25.9% 39.3% 35.9% 30.4%
2006 25.6% 39.7% 38.2% 31.5%
2005 24.5% 40.8% 39.1% 35%
2004 25.9% 42% 38.4% 42%
2003 28.1% 41.4% 40% 43.6%
2002 27.1% 39.5% 46% 45.6%
2001 28.2% 38.1% 46.2% 51.4%
2000 25.6% 32.5% 53.2% 50.6%
1999 24.6% 34.4% 48.4% 47.1%
1998 23.1% 33.6% 46.2% 33.9%
1997 21.2% 29.6% 48.6% 32.8%
1996 22.4% 32.8% 52.8% 30.3%
1995 22.6% 38.2% 47.8% 21.3%
1994 23.3% 43.7% - -
1993 24.6% 51.1% - -
1992 28.2% 59.1% - -
1991 27.4% 67.3% - -
1990 30.5% 74.1% - -

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

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

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 57.2% in Slovakia, ranking 58/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Slovakia
1x
Year Deficit/surplus, % of GDP
Malaysia Slovakia
2024 -3.95% -5.27%
2023 -3.97% -5.15%
2022 -4.56% -1.16%
2021 -6.03% -5.09%
2020 -4.9% -5.3%
2019 -2.01% -1.21%
2018 -2.64% -1.01%
2017 -2.41% -0.98%
2016 -2.6% -2.59%
2015 -2.55% -2.78%
2014 -2.63% -3.25%
2013 -3.48% -2.86%
2012 -3.1% -4.37%
2011 -3.57% -4.36%
2010 -4.32% -7.44%
2009 -5.88% -8.18%
2008 -3.4% -2.54%
2007 -2.57% -2.26%
2006 -2.6% -3.57%
2005 -2.83% -2.86%
2004 -3.35% -2.36%
2003 -4.6% -2.28%
2002 -3.96% -8.35%
2001 -4.36% -7.74%
2000 -6.05% -12.7%
1999 -3% -7.25%
1998 -0.63% -5.37%
1997 4.84% -6.24%
1996 3.27% -9.72%
1995 3.1% -3.43%
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/slovakia | 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 Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Malaysia recorded a fiscal deficit in 27 of those years, while Slovakia ran a deficit in 30 years. On average, Malaysia posted an annual deficit equal to 2.83% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Malaysia

Slovakia
1x
Year Consumer prices inflation
Malaysia Slovakia
2024 1.83% 2.76%
2023 2.49% 10.5%
2022 3.38% 12.8%
2021 2.48% 3.15%
2020 -1.14% 1.94%
2019 0.66% 2.66%
2018 0.88% 2.51%
2017 3.87% 1.31%
2016 2.09% -0.52%
2015 2.1% -0.33%
2014 3.14% -0.08%
2013 2.11% 1.4%
2012 1.66% 3.61%
2011 3.17% 3.92%
2010 1.62% 0.96%
2009 0.58% 1.62%
2008 5.44% 4.6%
2007 2.03% 2.76%
2006 3.61% 4.48%
2005 2.98% 2.71%
2004 1.42% 7.55%
2003 1.09% 8.55%
2002 1.81% 3.13%
2001 1.42% 7.33%
2000 1.53% 12%
1999 2.74% 10.6%
1998 5.27% 6.67%
1997 2.66% 6.14%

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

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

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 4.45% in Slovakia. In 2024, inflation was 1.83% in Malaysia and 2.76% in Slovakia.

Top exports between countries

Malaysia
Export category Export value
Machinery & equipment $176M
Raw materials & minerals $6.53M
Metals $5.15M
Processed food, beverages & tobacco $5.13M
Chemicals & pharma $1.46M
Textiles & consumer goods $1.33M
Miscellaneous $581K
Wood & paper products $29K
Precious metals & jewellery $7K
Slovakia
Export category Export value
Machinery & equipment $33.8M
Chemicals & pharma $2.75M
Textiles & consumer goods $2.15M
Raw materials & minerals $1.21M
Transport & tourism services $961K
Metals $736K
Business & finance services $473K
IT & IP services $355K
Processed food, beverages & tobacco $235K
Wood & paper products $143K

Balance of trade

Malaysia Slovakia
Current account balance
$7.15B
2024
-$6.5B
2024
Current account balance ranking
26/190
2024
171/190
2024
Current account balance, % of GDP
+1.69%
2024
-4.61%
2024
Goods imports
$223B
2024
$107B
2024
Goods exports
$248B
2024
$106B
2024
Service imports
$56.4B
2024
$13.2B
2024
Service exports
$53.4B
2024
$13.9B
2024
Imports of goods and services, % of GDP
66%
2024
85.7%
2024
Exports of goods and services, % of GDP
71.3%
2024
85.5%
2024

Economic freedom indices

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

Malaysia Slovakia
Economic freedom 68 67.7
Economic freedom ranking 51/197 54/197
Property rights 62.7 82.6
Government integrity 52.9 57.2
Judicial effectiveness 63.4 70.5
Tax burden 83.5 75.4
Government spending 82 36.4
Fiscal health 62.5 69.6
Business freedom 79.6 71.1
Labor freedom 55.4 55.1
Monetary freedom 80.8 69.7
Trade freedom 83 79.4
Investment freedom 60 75
Financial freedom 50 70

Economic freedom comparison by year

Malaysia
Slovakia
1x
Year Economic freedom index
Malaysia Slovakia
2026 68 67.7
2025 67.1 68.4
2024 65.7 68.1
2023 67.3 69
2022 68.1 69.7
2021 74.4 66.3
2020 74.7 66.8
2019 74 65
2018 74.5 65.3
2017 73.8 65.7
2016 71.5 66.6
2015 70.8 67.2
2014 69.6 66.4
2013 66.1 68.7
2012 66.4 67
2011 66.3 69.5
2010 64.8 69.7
2009 64.6 69.4
2008 63.9 70
2007 63.8 69.6
2006 61.6 69.8
2005 61.9 66.8
2004 59.9 64.6
2003 61.1 59
2002 60.1 59.8
2001 60.2 58.5
2000 66 53.8
1999 68.9 54.2
1998 68.2 57.5
1997 66.8 55.5
1996 69.9 57.6
1995 71.9 60.4

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

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia Slovakia
Services, % of GDP
53.7%
2024
60%
2024
Industry, % of GDP
37%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
1.58%
2024
GNI, Atlas method
$414B
2024
$128B
2024
GNI per capita, PPP
$37,450
2024
$47,040
2024
Total reserves including gold
$116B
2024
$14.5B
2024
Total reserves ranking
24/177
2024
68/177
2024
Net foreign direct investment
-$2.55B
2024
-$2.77B
2024
Net inflows of foreign direct investment
$15.6B
2024
$5.01B
2024
Net outflows of foreign direct investment
$13B
2024
$2.24B
2024
Poverty at national poverty lines
5.8%
2023
13.7%
2021
Gross capital formation, % of GDP
22%
2024
20.1%
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/slovakia | 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 (2021–2024, 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.

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.