Skip to content

Economy of Malaysia vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $552B for the United Arab Emirates, ranking 38/197 and 27/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Malaysia vs United Arab Emirates GDP by year

Malaysia
United Arab Emirates
1x
Year GDP, current $
Malaysia UAE
2024 $422,227,005,429 $552,324,846,835
2023 $399,949,418,753 $522,622,191,967
2022 $407,830,525,990 $511,403,403,676
2021 $373,784,553,030 $422,441,388,700
2020 $337,456,163,961 $357,161,878,829
2019 $365,177,721,022 $433,926,208,305
2018 $358,788,845,713 $440,560,108,918
2017 $319,109,094,160 $403,365,010,211
2016 $301,256,033,870 $381,717,086,453
2015 $301,355,266,965 $381,973,042,886
2014 $338,066,095,097 $424,935,874,745
2013 $323,276,235,524 $409,632,675,289
2012 $314,443,047,642 $392,793,464,942
2011 $297,951,668,675 $368,881,143,635
2010 $255,017,638,456 $307,736,419,333
2009 $202,257,453,037 $253,547,358,747
2008 $230,811,614,370 $315,474,615,739
2007 $193,549,569,478 $257,916,133,424
2006 $162,692,258,307 $222,116,541,865
2005 $143,534,405,819 $180,617,467,965
2004 $124,749,473,684 $147,824,370,320
2003 $110,202,368,421 $124,346,358,067
2002 $100,845,526,316 $109,816,201,498
2001 $92,783,947,368 $103,311,640,572
2000 $93,789,736,842 $104,337,372,362
1999 $79,148,421,053 $84,445,473,111
1998 $72,167,498,981 $75,674,336,283
1997 $100,005,323,302 $78,839,008,445
1996 $100,855,393,910 $73,571,233,996
1995 $88,705,342,903 $65,743,666,576
1994 $74,478,356,958 $59,305,093,980
1993 $66,894,966,969 $55,625,170,253
1992 $59,167,550,163 $54,239,171,888
1991 $49,143,148,094 $51,552,165,622
1990 $44,024,585,240 $50,701,443,748
1989 $38,847,965,293 $41,464,995,914
1988 $35,272,109,220 $36,275,674,203
1987 $32,181,210,158 $36,384,908,744
1986 $27,734,111,400 $33,943,612,095
1985 $31,199,633,353 $40,603,650,232
1984 $33,942,897,422 $41,807,954,236
1983 $30,347,442,111 $42,803,323,345
1982 $26,804,493,635 $46,622,718,605
1981 $25,004,285,792 $49,333,424,135
1980 $24,488,224,677 $43,599,160,050
1979 $21,213,264,962 $31,225,659,621
1978 $16,358,079,862 $23,775,764,225
1977 $13,139,488,633 $24,871,775,165
1976 $11,050,234,599 $19,213,158,779
1975 $9,298,800,799 $14,720,728,249
1974 $9,496,204,302 $11,651,505,689
1973 $7,662,902,678 $4,231,243,616
1972 $5,043,347,250 $1,415,086,929
1971 $4,244,395,956 $939,893,600
1970 $3,864,145,667 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in Malaysia vs United Arab Emirates by year

Malaysia
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $50,274 $79,229
2023 $11,386 $36,467 $49,851 $77,955
2022 $11,755 $34,420 $50,760 $75,072
2021 $10,903 $29,823 $44,119 $68,580
2020 $9,958 $27,475 $37,992 $66,791
2019 $10,920 $28,934 $45,939 $79,816
2018 $10,902 $27,794 $47,135 $77,446
2017 $9,863 $26,416 $43,734 $70,282
2016 $9,477 $25,286 $42,721 $69,987
2015 $9,649 $24,526 $44,910 $73,986
2014 $11,013 $24,307 $52,725 $87,478
2013 $10,714 $23,161 $53,247 $87,526
2012 $10,601 $22,639 $53,142 $89,198
2011 $10,217 $21,324 $51,922 $89,665
2010 $8,899 $20,193 $44,795 $85,120
2009 $7,191 $18,923 $37,803 $84,780
2008 $8,372 $19,480 $50,054 $94,628
2007 $7,169 $18,617 $45,855 $100,813
2006 $6,158 $17,426 $44,343 $106,814
2005 $5,556 $16,371 $38,719 $101,301
2004 $4,939 $15,416 $33,377 $98,661
2003 $4,465 $14,387 $29,660 $92,636
2002 $4,184 $13,656 $27,754 $88,467
2001 $3,944 $13,072 $27,745 $90,370
2000 $4,084 $13,027 $29,866 $92,899
1999 $3,528 $11,980 $25,856 $87,658
1998 $3,294 $11,398 $24,889 $90,229
1997 $4,679 $12,469 $27,983 $96,009
1996 $4,837 $11,709 $28,323 $94,620
1995 $4,363 $10,720 $27,003 $93,702
1994 $3,758 $9,806 $25,473 $89,959
1993 $3,462 $9,018 $25,033 $86,330
1992 $3,141 $8,224 $25,648 $87,509
1991 $2,679 $7,583 $25,691 $87,250
1990 $2,469 $6,887 $26,710 $88,455
1989 $2,244 - $23,167 -
1988 $2,100 - $21,570 -
1987 $1,977 - $23,113 -
1986 $1,760 - $23,132 -
1985 $2,046 - $29,468 -
1984 $2,300 - $32,012 -
1983 $2,124 - $34,650 -
1982 $1,938 - $39,972 -
1981 $1,866 - $44,854 -
1980 $1,886 - $42,925 -
1979 $1,680 - $34,238 -
1978 $1,327 - $29,379 -
1977 $1,092 - $35,020 -
1976 $940 - $31,197 -
1975 $811 - $27,117 -
1974 $848 - $23,823 -
1973 $701 - $9,696 -
1972 $472 - $3,675 -
1971 $407 - $2,805 -
1970 $380 - $2,394 -
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/united-arab-emirates | CC BY

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Malaysia UAE
Gross domestic product
$422B
2024
$552B
2024
GDP rank
38/197
2024
27/197
2024
GDP growth
5.11%
2023-2024
3.99%
2023-2024
GDP per capita
$11,874
2024
$50,274
2024
GDP per capita rank
79/197
2024
24/197
2024
GDP per capita, PPP
$38,779
2024
$79,229
2024
GDP per capita PPP rank
60/197
2024
16/197
2024
Government debt
$296B
2024
$193B
2024
Debt-to-GDP ratio
70.1%
2024
34.9%
2024
Government debt per person
$8,322
2024
$17,568
2024
Government debt per person rank
62/185
2024
36/185
2024
Average annual personal income after taxes
$11,005
2026
$40,522
2026
Market capitalization of domestic companies
$449B
2024
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires
19
2025
6
2025
Income share by richest 10%
30.9%
2021
20.5%
2018
Income share by poorest 10%
2.3%
2021
2.8%
2018
Government expenditure, % of GDP
23.9%
2024
21.4%
2024
Consumer prices inflation
1.83%
2023-2024
1.7%
2023-2024
Central bank interest rate
2.75%
2025
3.65%
2025
Unemployment rate
3.93%
2022
1.88%
2024
Population
36512221
11686438

Spending and national debt comparison by year

Malaysia
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Malaysia UAE
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 21.4% 34.9%
2023 24.9% 69.7% 22.7% 31.9%
2022 24.6% 65.5% 22.7% 31.5%
2021 24.5% 69.2% 25.9% 35.7%
2020 25% 67.7% 30.5% 30.1%
2019 23.6% 57.1% 27.4% 25.8%
2018 22.8% 55.6% 25.9% 20.7%
2017 22% 54.4% 27.2% 21.2%
2016 22.9% 55.8% 31.7% 18.6%
2015 24.7% 57% 26.4% 15.6%
2014 26% 55.4% 31.4% 13.5%
2013 27.8% 55.7% 28.9% 15.3%
2012 28.5% 53.8% 27.8% 20.2%
2011 27.1% 51.9% 29.6% 20.4%
2010 26.6% 51.2% 30.4% 18.3%
2009 30.9% 50.4% 35% 21.1%
2008 26.9% 39.4% 22% 8.95%
2007 25.9% 39.3% 17.7% 8.89%
2006 25.6% 39.7% 15.6% 5.05%
2005 24.5% 40.8% 15.7% 4.48%
2004 25.9% 42% 17.7% 4.08%
2003 28.1% 41.4% 20% 3.33%
2002 27.1% 39.5% 21.3% 3.43%
2001 28.2% 38.1% 25.2% 2.69%
2000 25.6% 32.5% 21.8% 3.12%
1999 24.6% 34.4% 24.3% 4.73%
1998 23.1% 33.6% 25.8% 4.18%
1997 21.2% 29.6% 22.6% 2.86%
1996 22.4% 32.8% 27.6% 3.48%
1995 22.6% 38.2% 26.1% 5.06%
1994 23.3% 43.7% 30.1% 5.58%
1993 24.6% 51.1% 31.5% 6.01%
1992 28.2% 59.1% 29.6% 5.31%
1991 27.4% 67.3% 36% 4.97%
1990 30.5% 74.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20).

GeoRank.org/economy/malaysia/united-arab-emirates | CC BY

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 34.9% in the United Arab Emirates, ranking 58/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Malaysia UAE
2024 -3.95% 6.41%
2023 -3.97% 5.82%
2022 -4.56% 9.8%
2021 -6.03% 3.96%
2020 -4.9% -2.42%
2019 -2.01% 2.5%
2018 -2.64% 3.65%
2017 -2.41% -0.16%
2016 -2.6% -2.95%
2015 -2.55% -6.35%
2014 -2.63% 1.74%
2013 -3.48% 7.99%
2012 -3.1% 8.59%
2011 -3.57% 5.05%
2010 -4.32% 0.52%
2009 -5.88% -6.13%
2008 -3.4% 17.6%
2007 -2.57% 17.1%
2006 -2.6% 20.2%
2005 -2.83% 16%
2004 -3.35% 6.4%
2003 -4.6% 2.35%
2002 -3.96% -1.24%
2001 -4.36% 1.21%
2000 -6.05% 10.7%
1999 -3% 1.31%
1998 -0.63% 1%
1997 4.84% 6.71%
1996 3.27% 0.92%
1995 3.1% 3.58%
1994 5.45% -1.78%
1993 3.44% -2.89%
1992 1.81% 3.34%
1991 1.6% 3.89%
1990 0.15% -

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

GeoRank.org/economy/malaysia/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Malaysia recorded a fiscal deficit in 27 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Malaysia posted an annual deficit equal to 2.13% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Malaysia

United Arab Emirates
1x
Year Consumer prices inflation
Malaysia UAE
2024 1.83% 1.7%
2023 2.49% 1.6%
2022 3.38% 4.8%
2021 2.48% -0.1%
2020 -1.14% -2.1%
2019 0.66% -1.9%
2018 0.88% 3.1%
2017 3.87% 2%
2016 2.09% 1.6%
2015 2.1% 4.1%
2014 3.14% 2.3%
2013 2.11% 1.1%
2012 1.66% 0.7%
2011 3.17% 0.9%
2010 1.62% 0.9%
2009 0.58% -4.7%
2008 5.44% 12.3%
2007 2.03% 11.1%
2006 3.61% 9.3%
2005 2.98% 6.2%
2004 1.42% 5%
2003 1.09% 3.1%
2002 1.81% 2.9%
2001 1.42% 2.8%
2000 1.53% 1.3%
1999 2.74% 2.1%
1998 5.27% 2%
1997 2.66% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/malaysia/united-arab-emirates | CC BY

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 1.83% in Malaysia and 1.7% in the United Arab Emirates.

Top exports between countries

Malaysia
Export category Export value
Precious metals & jewellery $909M
Machinery & equipment $879M
Processed food, beverages & tobacco $420M
Raw materials & minerals $342M
Chemicals & pharma $228M
Textiles & consumer goods $117M
Miscellaneous $105M
Metals $94.6M
Wood & paper products $71.2M
Animal & marine products $12.9M
UAE
Export category Export value
Precious metals & jewellery $809M
Machinery & equipment $381M
Metals $248M
Raw materials & minerals $203M
Chemicals & pharma $160M
Processed food, beverages & tobacco $59.6M
Textiles & consumer goods $21.9M
Raw agricultural goods $15.8M
Wood & paper products $6.49M
Animal & marine products $3.54M

Balance of trade

Malaysia UAE
Current account balance
$7.15B
2024
$80B
2024
Current account balance ranking
26/190
2024
9/190
2024
Current account balance, % of GDP
+1.69%
2024
+14.5%
2024
Goods imports
$223B
2024
$400B
2024
Goods exports
$248B
2024
$467B
2024
Service imports
$56.4B
2024
$117B
2024
Service exports
$53.4B
2024
$181B
2024
Imports of goods and services, % of GDP
66%
2024
92.2%
2023
Exports of goods and services, % of GDP
71.3%
2024
106.8%
2023

Economic freedom indices

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

Malaysia UAE
Economic freedom 68 71.9
Economic freedom ranking 51/197 29/197
Property rights 62.7 62.9
Government integrity 52.9 65.3
Judicial effectiveness 63.4 34.4
Tax burden 83.5 99.9
Government spending 82 85.1
Fiscal health 62.5 97.6
Business freedom 79.6 84.5
Labor freedom 55.4 63.2
Monetary freedom 80.8 81.2
Trade freedom 83 78.6
Investment freedom 60 50
Financial freedom 50 60

Economic freedom comparison by year

Malaysia
United Arab Emirates
1x
Year Economic freedom index
Malaysia UAE
2026 68 71.9
2025 67.1 71.6
2024 65.7 71.1
2023 67.3 70.9
2022 68.1 70.2
2021 74.4 76.9
2020 74.7 76.2
2019 74 77.6
2018 74.5 77.6
2017 73.8 76.9
2016 71.5 72.6
2015 70.8 72.4
2014 69.6 71.4
2013 66.1 71.1
2012 66.4 69.3
2011 66.3 67.8
2010 64.8 67.3
2009 64.6 64.7
2008 63.9 62.6
2007 63.8 62.6
2006 61.6 62.2
2005 61.9 65.2
2004 59.9 67.2
2003 61.1 73.4
2002 60.1 73.6
2001 60.2 74.9
2000 66 74.2
1999 68.9 71.5
1998 68.2 72.2
1997 66.8 71.9
1996 69.9 71.6
1995 71.9 -

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

GeoRank.org/economy/malaysia/united-arab-emirates | CC BY

The Economic Freedom Index for Malaysia is 68, ranking 51/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malaysia UAE
Services, % of GDP
53.7%
2024
54.9%
2024
Industry, % of GDP
37%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
0.77%
2024
GNI, Atlas method
$414B
2024
$566B
2024
GNI per capita, PPP
$37,450
2024
$81,530
2024
Total reserves including gold
$116B
2024
$238B
2024
Total reserves ranking
24/177
2024
14/177
2024
Net foreign direct investment
-$2.55B
2024
$31.5B
2024
Net inflows of foreign direct investment
$15.6B
2024
$45.6B
2024
Net outflows of foreign direct investment
$13B
2024
$77.2B
2024
Poverty at national poverty lines
5.8%
2023
19.5%
2020
Gross capital formation, % of GDP
22%
2024
26.6%
2023

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/united-arab-emirates | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.