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Sunday, February 19, 2017

Income Distribution in Malaysia

I always wonder what is the income distribution in Malaysia.
We always heard from the news that many EPF account holder do not earn enough to retire comfortably.

Malaysia has about 31.4 million people in 2017.
There are 30.7 million people in 2014.

According to the Economic Planningg Unit (EPU), about 45% of the population is earning at least RM5000 household income in 2014. That is not a very bad income. In 2004, there was only 16.8% of the population earning at least RM5000. Quite a huge improvement in 10 years.

The mean monthly household income of the top 20% by ethnic in 2014 is as below:
Bumiputera: RM12630
Chinese: RM17981
Indians: RM14605
Others: RM14732

The mean monthly household income of the middle 40% by ethnic in 2014 is as below:
Bumiputera: RM5190
Chinese: RM7049
Indians: RM5646
Others: RM5510

The mean monthly household income of the bottom 40% by ethnic in 2014 is as below:
Bumiputera: RM2367
Chinese: RM3127
Indians: RM2672
Others: RM2234

The top 7 mean monthly household income by state in Malaysia in 2014 is as below:
Wilayah Persekutuan Kuala Lumpur: RM7620
Putrajaya: RM7512
Selangor: RM6214
Johor: RM5197
Melaka: RM5029
Pulau Pinang: RM4702
Negeri Sembilan: RM4128

Resources:
http://www.epu.gov.my/en/socio-economic/household-income-poverty
http://www.epu.gov.my/en/malaysian-economy-figures
http://www.mhdr.my/page/205/The-Malaysian-Insider:-Growth,-income-distribution-and-poverty-in-Malaysia/
http://www.ukm.my/news/archive/tahun-2014/june-2014/call-for-the-rich-to-be-taxed-more-to-reduce-income-disparity/

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