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Economy of Malaysia vs Slovenia compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $73B for Slovenia, ranking 38/197 and 86/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Malaysia vs Slovenia GDP by year

Malaysia
Slovenia
1x
Year GDP, current $
Malaysia Slovenia
2024 $422,227,005,429 $72,972,015,197
2023 $399,949,418,753 $69,255,264,238
2022 $407,830,525,990 $59,899,117,741
2021 $373,784,553,030 $61,540,813,362
2020 $337,456,163,961 $53,384,760,135
2019 $365,177,721,022 $53,909,922,736
2018 $358,788,845,713 $53,689,067,640
2017 $319,109,094,160 $48,153,200,135
2016 $301,256,033,870 $44,290,685,824
2015 $301,355,266,965 $42,709,468,275
2014 $338,066,095,097 $49,514,466,380
2013 $323,276,235,524 $47,867,056,859
2012 $314,443,047,642 $46,167,053,954
2011 $297,951,668,675 $51,199,194,599
2010 $255,017,638,456 $47,793,117,241
2009 $202,257,453,037 $49,975,540,955
2008 $230,811,614,370 $55,509,332,322
2007 $193,549,569,478 $47,880,266,543
2006 $162,692,258,307 $39,260,368,837
2005 $143,534,405,819 $35,947,936,824
2004 $124,749,473,684 $34,156,553,313
2003 $110,202,368,421 $29,360,575,032
2002 $100,845,526,316 $23,214,593,516
2001 $92,783,947,368 $20,668,868,707
2000 $93,789,736,842 $20,159,190,702
1999 $79,148,421,053 $22,609,669,084
1998 $72,167,498,981 $22,058,635,314
1997 $100,005,323,302 $20,726,878,752
1996 $100,855,393,910 $21,470,699,363
1995 $88,705,342,903 $21,367,422,159
1994 $74,478,356,958 $16,400,767,070
1993 $66,894,966,969 $14,449,298,372
1992 $59,167,550,163 $14,277,261,541
1991 $49,143,148,094 $14,454,495,059
1990 $44,024,585,240 $19,832,029,087
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/slovenia | CC BY

GDP per capita in Malaysia vs Slovenia by year

Malaysia
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $34,301 $57,186
2023 $11,386 $36,467 $32,660 $56,064
2022 $11,755 $34,420 $28,360 $52,347
2021 $10,903 $29,823 $29,193 $45,914
2020 $9,958 $27,475 $25,392 $41,767
2019 $10,920 $28,934 $25,814 $42,373
2018 $10,902 $27,794 $25,888 $38,620
2017 $9,863 $26,416 $23,303 $36,180
2016 $9,477 $25,286 $21,448 $33,575
2015 $9,649 $24,526 $20,697 $31,336
2014 $11,013 $24,307 $24,013 $30,572
2013 $10,714 $23,161 $23,237 $29,634
2012 $10,601 $22,639 $22,442 $28,787
2011 $10,217 $21,324 $24,941 $28,716
2010 $8,899 $20,193 $23,330 $27,579
2009 $7,191 $18,923 $24,502 $27,229
2008 $8,372 $19,480 $27,462 $29,461
2007 $7,169 $18,617 $23,725 $27,468
2006 $6,158 $17,426 $19,563 $25,571
2005 $5,556 $16,371 $17,970 $23,682
2004 $4,939 $15,416 $17,104 $22,588
2003 $4,465 $14,387 $14,712 $20,916
2002 $4,184 $13,656 $11,639 $20,004
2001 $3,944 $13,072 $10,376 $18,763
2000 $4,084 $13,027 $10,136 $17,892
1999 $3,528 $11,980 $11,401 $17,007
1998 $3,294 $11,398 $11,132 $15,994
1997 $4,679 $12,469 $10,437 $15,257
1996 $4,837 $11,709 $10,797 $14,284
1995 $4,363 $10,720 $10,738 $13,637
1994 $3,758 $9,806 $8,244 $13,975
1993 $3,462 $9,018 $7,255 $12,976
1992 $3,141 $8,224 $7,151 $12,296
1991 $2,679 $7,583 $7,229 $12,698
1990 $2,469 $6,887 $9,925 $13,491
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/slovenia | CC BY

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Slovenia ranks 37th at $57,186.

Economic indicators

Malaysia Slovenia
Gross domestic product
$422B
2024
$73B
2024
GDP rank
38/197
2024
86/197
2024
GDP growth
5.11%
2023-2024
1.73%
2023-2024
GDP per capita
$11,874
2024
$34,301
2024
GDP per capita rank
79/197
2024
34/197
2024
GDP per capita, PPP
$38,779
2024
$57,186
2024
GDP per capita PPP rank
60/197
2024
37/197
2024
Government debt
$296B
2024
$48.6B
2024
Debt-to-GDP ratio
70.1%
2024
66.6%
2024
Government debt per person
$8,322
2024
$22,842
2024
Government debt per person rank
62/185
2024
29/185
2024
Average annual personal income after taxes
$11,005
2026
$22,215
2026
Market capitalization of domestic companies
$449B
2024
$11.4B
2024
Number of billionaires
19
2025
n/a
Income share by richest 10%
30.9%
2021
20.6%
2023
Income share by poorest 10%
2.3%
2021
4.1%
2023
Government expenditure, % of GDP
23.9%
2024
46.5%
2024
Consumer prices inflation
1.83%
2023-2024
1.97%
2023-2024
Central bank interest rate
2.75%
2025
n/a
Unemployment rate
3.93%
2022
3.7%
2024
Population
36512221
2124138

Spending and national debt comparison by year

Malaysia
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Malaysia Slovenia
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 46.5% 66.6%
2023 24.9% 69.7% 46.4% 68.3%
2022 24.6% 65.5% 47.7% 72.8%
2021 24.5% 69.2% 49.9% 74.8%
2020 25% 67.7% 51.8% 80.2%
2019 23.6% 57.1% 43.8% 66%
2018 22.8% 55.6% 44.1% 71%
2017 22% 54.4% 44.6% 74.9%
2016 22.9% 55.8% 46.9% 79.4%
2015 24.7% 57% 49.5% 83.4%
2014 26% 55.4% 50.6% 81.1%
2013 27.8% 55.7% 57.7% 70.8%
2012 28.5% 53.8% 50% 54.1%
2011 27.1% 51.9% 51.4% 46.8%
2010 26.6% 51.2% 50.7% 38.6%
2009 30.9% 50.4% 50% 34.9%
2008 26.9% 39.4% 45.2% 21.9%
2007 25.9% 39.3% 43.5% 22.9%
2006 25.6% 39.7% 45.7% 26.2%
2005 24.5% 40.8% 46.7% 26.6%
2004 25.9% 42% 46.9% 27.1%
2003 28.1% 41.4% 47.6% 27%
2002 27.1% 39.5% 47.8% 27.7%
2001 28.2% 38.1% 49.2% 26.3%
2000 25.6% 32.5% 47.8% 26.1%
1999 24.6% 34.4% 47.2% 23.8%
1998 23.1% 33.6% 46.4% 22.8%
1997 21.2% 29.6% 45.4% 22.1%
1996 22.4% 32.8% 45.2% 21.6%
1995 22.6% 38.2% 53% 18.2%
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/slovenia | CC BY

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 66.6% in Slovenia, ranking 58/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Slovenia
1x
Year Deficit/surplus, % of GDP
Malaysia Slovenia
2024 -3.95% -0.93%
2023 -3.97% -2.59%
2022 -4.56% -3.02%
2021 -6.03% -4.61%
2020 -4.9% -7.68%
2019 -2.01% 0.68%
2018 -2.64% 0.9%
2017 -2.41% 0.05%
2016 -2.6% -2%
2015 -2.55% -2.84%
2014 -2.63% -4.53%
2013 -3.48% -11.2%
2012 -3.1% -4.2%
2011 -3.57% -6.69%
2010 -4.32% -5.56%
2009 -5.88% -5.87%
2008 -3.4% -1.44%
2007 -2.57% -0.08%
2006 -2.6% -1.26%
2005 -2.83% -1.38%
2004 -3.35% -1.98%
2003 -4.6% -2.66%
2002 -3.96% -2.47%
2001 -4.36% -4.58%
2000 -6.05% -3.77%
1999 -3% -3.04%
1998 -0.63% -2.39%
1997 4.84% -2.37%
1996 3.27% -1.16%
1995 3.1% -8.19%
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/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Malaysia recorded a fiscal deficit in 27 of those years, while Slovenia ran a deficit in 27 years. On average, Malaysia posted an annual deficit equal to 2.83% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Malaysia

Slovenia
1x
Year Consumer prices inflation
Malaysia Slovenia
2024 1.83% 1.97%
2023 2.49% 7.45%
2022 3.38% 8.83%
2021 2.48% 1.92%
2020 -1.14% -0.05%
2019 0.66% 1.63%
2018 0.88% 1.74%
2017 3.87% 1.43%
2016 2.09% -0.05%
2015 2.1% -0.53%
2014 3.14% 0.2%
2013 2.11% 1.77%
2012 1.66% 2.6%
2011 3.17% 1.8%
2010 1.62% 1.8%
2009 0.58% 0.84%
2008 5.44% 5.65%
2007 2.03% 3.66%
2006 3.61% 2.46%
2005 2.98% 2.45%
2004 1.42% 3.59%
2003 1.09% 5.54%
2002 1.81% 7.48%
2001 1.42% 8.38%
2000 1.53% 8.91%
1999 2.74% 6.16%
1998 5.27% 7.89%
1997 2.66% 8.36%

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

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

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 3.71% in Slovenia. In 2024, inflation was 1.83% in Malaysia and 1.97% in Slovenia.

Top exports between countries

Malaysia
Export category Export value
Machinery & equipment $43.8M
Metals $39.2M
Raw materials & minerals $25M
Textiles & consumer goods $7.82M
Chemicals & pharma $3.32M
Processed food, beverages & tobacco $808K
Miscellaneous $412K
Wood & paper products $243K
Precious metals & jewellery $102K
Slovenia
Export category Export value
Chemicals & pharma $16.4M
Machinery & equipment $10.5M
Textiles & consumer goods $3.5M
Metals $3.05M
Raw materials & minerals $1.7M
Business & finance services $1.04M
Transport & tourism services $569K
Wood & paper products $534K
IT & IP services $345K
Processed food, beverages & tobacco $146K

Balance of trade

Malaysia Slovenia
Current account balance
$7.15B
2024
$3.32B
2024
Current account balance ranking
26/190
2024
37/190
2024
Current account balance, % of GDP
+1.69%
2024
+4.55%
2024
Goods imports
$223B
2024
$45.2B
2024
Goods exports
$248B
2024
$45.6B
2024
Service imports
$56.4B
2024
$9.52B
2024
Service exports
$53.4B
2024
$13.6B
2024
Imports of goods and services, % of GDP
66%
2024
74.7%
2024
Exports of goods and services, % of GDP
71.3%
2024
80.9%
2024

Economic freedom indices

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

Malaysia Slovenia
Economic freedom 68 69.7
Economic freedom ranking 51/197 40/197
Property rights 62.7 87.6
Government integrity 52.9 66.1
Judicial effectiveness 63.4 91.6
Tax burden 83.5 55.5
Government spending 82 34.1
Fiscal health 62.5 83.5
Business freedom 79.6 78.7
Labor freedom 55.4 62.7
Monetary freedom 80.8 77.5
Trade freedom 83 79.4
Investment freedom 60 70
Financial freedom 50 50

Economic freedom comparison by year

Malaysia
Slovenia
1x
Year Economic freedom index
Malaysia Slovenia
2026 68 69.7
2025 67.1 68.3
2024 65.7 65.9
2023 67.3 68.5
2022 68.1 70.5
2021 74.4 68.3
2020 74.7 67.8
2019 74 65.5
2018 74.5 64.8
2017 73.8 59.2
2016 71.5 60.6
2015 70.8 60.3
2014 69.6 62.7
2013 66.1 61.7
2012 66.4 62.9
2011 66.3 64.6
2010 64.8 64.7
2009 64.6 62.9
2008 63.9 60.2
2007 63.8 59.6
2006 61.6 61.9
2005 61.9 59.6
2004 59.9 59.2
2003 61.1 57.7
2002 60.1 57.8
2001 60.2 61.8
2000 66 58.3
1999 68.9 61.3
1998 68.2 60.7
1997 66.8 55.6
1996 69.9 50.4
1995 71.9 -

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

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia Slovenia
Services, % of GDP
53.7%
2024
57.9%
2024
Industry, % of GDP
37%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
1.54%
2024
GNI, Atlas method
$414B
2024
$67.6B
2024
GNI per capita, PPP
$37,450
2024
$56,520
2024
Total reserves including gold
$116B
2024
$2.83B
2024
Total reserves ranking
24/177
2024
118/177
2024
Net foreign direct investment
-$2.55B
2024
-$405M
2024
Net inflows of foreign direct investment
$15.6B
2024
$1.87B
2024
Net outflows of foreign direct investment
$13B
2024
$1.46B
2024
Poverty at national poverty lines
5.8%
2023
12.7%
2022
Gross capital formation, % of GDP
22%
2024
21.5%
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/slovenia | 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 (2023–2024, 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.