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Economy of Malaysia vs Ukraine compared: GDP & Debt

Updated on by Georank

Malaysia has a GDP of $472B compared to $214B for Ukraine, ranking 35/197 and 57/197 by economy size, respectively.

Malaysia has $334B in government debt (70.7% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

Malaysia vs Ukraine GDP by year

Malaysia
Ukraine
1x
Year GDP, current $
Malaysia Ukraine
2025 $472,193,128,645 $214,233,312,784
2024 $422,227,005,429 $190,833,835,445
2023 $399,949,418,753 $181,221,517,869
2022 $407,830,525,990 $161,989,520,721
2021 $373,784,553,030 $199,765,859,571
2020 $337,456,163,961 $156,617,722,013
2019 $365,177,721,022 $153,883,047,510
2018 $358,788,845,713 $130,891,088,294
2017 $319,109,094,160 $112,090,505,082
2016 $301,256,033,870 $93,355,869,404
2015 $301,355,266,965 $91,030,967,789
2014 $338,066,095,097 $133,503,871,862
2013 $323,276,235,524 $190,498,811,460
2012 $314,443,047,642 $182,591,753,828
2011 $297,951,668,675 $169,333,835,202
2010 $255,017,638,456 $141,209,170,427
2009 $202,257,453,037 $121,552,153,444
2008 $230,811,614,370 $188,110,390,660
2007 $193,549,569,478 $148,733,861,386
2006 $162,692,258,307 $111,884,752,475
2005 $143,534,405,819 $89,238,865,119
2004 $124,749,473,684 $67,220,154,164
2003 $110,202,368,421 $52,010,355,753
2002 $100,845,526,316 $43,956,163,612
2001 $92,783,947,368 $39,309,580,983
2000 $93,789,736,842 $32,375,083,935
1999 $79,148,421,053 $31,580,639,554
1998 $72,167,498,981 $41,882,523,345
1997 $100,005,323,302 $50,151,531,592
1996 $100,855,393,910 $44,558,831,005
1995 $88,705,342,903 $48,213,856,469
1994 $74,478,356,958 $52,549,580,265
1993 $66,894,966,969 $65,648,559,903
1992 $59,167,550,163 $73,945,908,384
1991 $49,143,148,094 $77,350,733,982
1990 $44,024,585,240 $81,393,558,423
1989 $38,847,965,293 $82,709,161,099
1988 $35,272,109,220 $74,703,517,903
1987 $32,181,210,158 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Malaysia vs Ukraine by year

Malaysia
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,125 - $5,496 -
2024 $11,874 $38,779 $5,040 $18,549
2023 $11,386 $36,467 $4,803 $17,665
2022 $11,755 $34,420 $3,946 $14,770
2021 $10,903 $29,823 $4,510 $17,846
2020 $9,958 $27,475 $3,505 $15,541
2019 $10,920 $28,934 $3,423 $14,217
2018 $10,902 $27,794 $2,895 $12,555
2017 $9,863 $26,416 $2,467 $11,536
2016 $9,477 $25,286 $2,047 $10,865
2015 $9,649 $24,526 $1,988 $9,922
2014 $11,013 $24,307 $2,904 $10,494
2013 $10,714 $23,161 $4,130 $10,904
2012 $10,601 $22,639 $3,951 $9,552
2011 $10,217 $21,324 $3,657 $9,127
2010 $8,899 $20,193 $3,040 $8,453
2009 $7,191 $18,923 $2,607 $7,995
2008 $8,372 $19,480 $4,018 $9,324
2007 $7,169 $18,617 $3,160 $8,900
2006 $6,158 $17,426 $2,366 $7,971
2005 $5,556 $16,371 $1,875 $7,142
2004 $4,939 $15,416 $1,401 $6,663
2003 $4,465 $14,387 $1,076 $5,764
2002 $4,184 $13,656 $903 $5,123
2001 $3,944 $13,072 $800 $4,747
2000 $4,084 $13,027 $653 $4,228
1999 $3,528 $11,980 $632 $3,871
1998 $3,294 $11,398 $831 $3,794
1997 $4,679 $12,469 $987 $3,794
1996 $4,837 $11,709 $870 $3,812
1995 $4,363 $10,720 $933 $4,124
1994 $3,758 $9,806 $1,009 $4,565
1993 $3,462 $9,018 $1,254 $5,766
1992 $3,141 $8,224 $1,413 $6,568
1991 $2,679 $7,583 $1,483 $7,148
1990 $2,469 $6,887 $1,564 $7,591
1989 $2,244 - $1,593 -
1988 $2,100 - $1,444 -
1987 $1,977 - $1,244 -
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/ukraine | CC BY

Malaysia's GDP per capita is $13,125, ranking 78/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Ukraine ranks 101st at $18,549.

Economic indicators

Malaysia Ukraine
Gross domestic product
$472B
2025
$214B
2025
GDP rank
35/197
2025
57/197
2025
GDP growth
5.17%
2024-2025
1.82%
2024-2025
GDP per capita
$13,125
2025
$5,496
2025
GDP per capita rank
78/197
2025
118/197
2025
GDP per capita, PPP
$38,779
2024
$18,549
2024
GDP per capita PPP rank
60/197
2024
101/197
2024
Government debt
$334B
2025
$233B
2025
Debt-to-GDP ratio
70.7%
2025
108.7%
2025
Government debt per person
$9,273
2025
$5,977
2025
Government debt per person rank
62/185
2025
76/185
2025
Average annual personal income after taxes
$11,034
2026
$5,580
2026
Market capitalization of domestic companies
$487B
2025
$4.42B
2018
Number of billionaires
19
2026
7
2026
Income share by richest 10%
30.9%
2021
21.7%
2020
Income share by poorest 10%
2.3%
2021
4.3%
2020
Government expenditure, % of GDP
23.4%
2025
74.5%
2025
Consumer prices inflation
1.38%
2024-2025
12.7%
2024-2025
Central bank interest rate
2.75%
2025
15.5%
2025
Unemployment rate
3.9%
2022
9.83%
2021
Population
36600906
40408451

Spending and national debt comparison by year

Malaysia
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Malaysia Ukraine
Government spending Government debt Government spending Government debt
2025 23.4% 70.7% 74.5% 108.7%
2024 24% 69.8% 71.2% 89.7%
2023 25% 69.7% 73.4% 81.2%
2022 24.6% 65.5% 65.4% 77.7%
2021 24.5% 69.2% 40.5% 48.9%
2020 25% 67.7% 45.6% 60.5%
2019 23.6% 57.1% 41.5% 50.5%
2018 22.8% 55.6% 41.9% 60.4%
2017 22% 54.4% 41.7% 71.6%
2016 22.9% 55.8% 40.8% 79.5%
2015 24.7% 57% 43% 79.3%
2014 26% 55.4% 44.8% 70.3%
2013 27.8% 55.7% 46.3% 39%
2012 28.5% 53.8% 47.1% 36.1%
2011 27.1% 51.9% 44% 35.5%
2010 26.6% 51.2% 47.3% 39.1%
2009 30.9% 50.4% 46.8% 34.1%
2008 26.9% 39.4% 45.4% 19.7%
2007 25.9% 39.3% 42.1% 11.8%
2006 25.6% 39.7% 42.9% 14.3%
2005 24.5% 40.8% 42.6% 17.1%
2004 25.9% 42% 40.1% 23.9%
2003 28.1% 41.4% 37.5% 28.3%
2002 27.1% 39.5% 36.5% 32.3%
2001 28.2% 38.1% 35.3% 35.3%
2000 25.6% 32.5% 35.4% 43.7%
1999 24.6% 34.4% 26.7% 61%
1998 23.1% 33.6% 38.4% 48.1%
1997 21.2% 29.6% 42.2% 29.9%
1996 22.4% 32.8% 38.2% 24.4%
1995 22.6% 38.2% 42.7% 30.2%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-07-08).

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

In 2025, Malaysia's government spending was $111B, accounting for 23.4% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 70.7% in Malaysia and 108.7% in Ukraine, ranking 56/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Ukraine
1x
Year Deficit/surplus, % of GDP
Malaysia Ukraine
2025 -3.54% -23.3%
2024 -3.45% -17.2%
2023 -4.11% -19.3%
2022 -4.56% -15.6%
2021 -6.03% -3.97%
2020 -4.9% -5.92%
2019 -2.01% -2.08%
2018 -2.64% -2.12%
2017 -2.41% -2.36%
2016 -2.6% -2.46%
2015 -2.55% -1.16%
2014 -2.63% -4.46%
2013 -3.48% -4.6%
2012 -3.1% -4.15%
2011 -3.57% -2.66%
2010 -4.32% -5.56%
2009 -5.88% -6.04%
2008 -3.4% -3.02%
2007 -2.57% -1.89%
2006 -2.6% -1.31%
2005 -2.83% -2.19%
2004 -3.35% -4.25%
2003 -4.6% -0.86%
2002 -3.96% -1.77%
2001 -4.36% -2.92%
2000 -6.05% -3.18%
1999 -3% 5.12%
1998 -0.63% -2.78%
1997 4.84% -5.56%
1996 3.27% -3.2%
1995 3.1% -4.88%
1994 5.45% -
1993 3.44% -
1992 1.81% -
1991 1.6% -
1990 0.15% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/malaysia/ukraine | 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 Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, Malaysia recorded a fiscal deficit in 28 of those years, while Ukraine ran a deficit in 30 years. On average, Malaysia posted an annual deficit equal to 2.84% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
Malaysia

Ukraine
1x
Year Consumer prices inflation
Malaysia Ukraine
2025 1.38% 12.7%
2024 1.83% 6.5%
2023 2.49% 12.9%
2022 3.38% 20.2%
2021 2.48% 9.4%
2020 -1.14% 2.7%
2019 0.66% 7.9%
2018 0.88% 10.9%
2017 3.87% 14.4%
2016 2.09% 13.9%
2015 2.1% 48.7%
2014 3.14% 12.1%
2013 2.11% -0.3%
2012 1.66% 0.6%
2011 3.17% 8%
2010 1.62% 9.4%
2009 0.58% 15.9%
2008 5.44% 25.2%
2007 2.03% 12.8%
2006 3.61% 9.1%
2005 2.98% 13.5%
2004 1.42% 9%
2003 1.09% 5.2%
2002 1.81% 0.8%
2001 1.42% 12%
2000 1.53% 28.2%
1999 2.74% 22.7%
1998 5.27% 10.6%
1997 2.66% 15.9%

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/ukraine | CC BY

Over the past 29 years, Malaysia has recorded an average annual inflation rate of 2.22%, compared with 12.8% in Ukraine. In 2025, inflation was 1.38% in Malaysia and 12.7% in Ukraine.

Top exports between countries

Malaysia
Export category Export value
Processed food, beverages & tobacco $15.1M
Chemicals & pharma $3.56M
Machinery & equipment $3.48M
Weapons & explosives $3.4M
Metals $2.29M
Raw materials & minerals $1.35M
Textiles & consumer goods $530K
Raw agricultural goods $68K
Animal & marine products $53K
Wood & paper products $51K
Ukraine
Export category Export value
Raw agricultural goods $53.9M
Processed food, beverages & tobacco $53.4M
Animal & marine products $1.27M
Metals $1.05M
Wood & paper products $1M
Chemicals & pharma $779K
Machinery & equipment $486K
Raw materials & minerals $289K
Textiles & consumer goods $114K

Balance of trade

Malaysia Ukraine
Current account balance
$7.15B
2024
-$15.2B
2024
Current account balance ranking
29/190
2024
180/190
2024
Current account balance, % of GDP
+1.69%
2024
-7.96%
2024
Goods imports
$223B
2024
$72.3B
2024
Goods exports
$248B
2024
$39.3B
2024
Service imports
$56.4B
2024
$23.1B
2024
Service exports
$53.4B
2024
$17.3B
2024
Imports of goods and services, % of GDP
65.4%
2025
51.8%
2025
Exports of goods and services, % of GDP
71%
2025
25.3%
2025

Economic freedom indices

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

Malaysia Ukraine
Economic freedom 68 54.1
Economic freedom ranking 51/197 135/197
Property rights 62.7 21.6
Government integrity 52.9 35
Judicial effectiveness 63.4 28.2
Tax burden 83.5 83.7
Government spending 82 0
Fiscal health 62.5 3.9
Business freedom 79.6 57.4
Labor freedom 55.4 46.9
Monetary freedom 80.8 65.7
Trade freedom 83 73
Investment freedom 60 35
Financial freedom 50 30

Economic freedom comparison by year

Malaysia
Ukraine
1x
Year Economic freedom index
Malaysia Ukraine
2026 68 -
2025 67.1 -
2024 65.7 -
2023 67.3 -
2022 68.1 54.1
2021 74.4 56.2
2020 74.7 54.9
2019 74 52.3
2018 74.5 51.9
2017 73.8 48.1
2016 71.5 46.8
2015 70.8 46.9
2014 69.6 49.3
2013 66.1 46.3
2012 66.4 46.1
2011 66.3 45.8
2010 64.8 46.4
2009 64.6 48.8
2008 63.9 51
2007 63.8 51.5
2006 61.6 54.4
2005 61.9 55.8
2004 59.9 53.7
2003 61.1 51.1
2002 60.1 48.2
2001 60.2 48.5
2000 66 47.8
1999 68.9 43.7
1998 68.2 40.4
1997 66.8 43.5
1996 69.9 40.6
1995 71.9 39.9

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

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia Ukraine
Services, % of GDP
54.8%
2025
61%
2025
Industry, % of GDP
35.7%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
8.22%
2025
7.57%
2025
GNI, Atlas method
$445B
2025
$201B
2025
GNI per capita, PPP
$40,070
2025
$18,750
2025
Total reserves including gold
$126B
2025
$57.3B
2025
Total reserves ranking
25/177
2025
43/177
2025
Net foreign direct investment
-$2.55B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$15.6B
2024
$4.02B
2024
Net outflows of foreign direct investment
$13B
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.4%
2024
Poverty at national poverty lines
5.1%
2023
23.2%
2020
Gross capital formation, % of GDP
20.5%
2025
20.8%
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/ukraine | 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, 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.