Poverty Rate In Malaysia 2017

Malaysia poverty rate for 2015 was 2 70 a 1 3 decline from 2013.

Poverty rate in malaysia 2017. With less than 1 of malaysian households living in extreme poverty according to the official national poverty line the government s focus has shifted toward addressing the well being of the poorest 40 of the population the bottom 40. Peninsular malaysia which west malaysia and thailand share and east malaysia which malaysia shares with the island of borneo. Throughout 2009 2012 the high increase in average household monthly income along with low inflation rate has given a significant effect to the decrease in poverty incidence. The incidence of poverty in malaysia decreased substantially from 3 8 in 2009 to 1 7 in 2012.

The economy of malaysia is the third largest in southeast asia after indonesia thailand and is the 35th largest economy in the world. Malaysia is a south asian country that consists of two noncontiguous regions. Poverty in malaysia is a controversial economic issue. Citation needed malaysia s total population is 31 million as of 2015 of which 0 6 live below the national poverty line.

This would translate into a decrease in households considered poor namely a drop from 525 743 households falling below the poverty line in 2016 to 405 441 households in 2019. Personal interviewing approach was used for a period of twelve months starting from may 2016 until april 2017. Here are 10 facts about poverty in malaysia. The department of statistics malaysia has conducted household income and basic amenities survey his ba in 2016 and 2017 to collect data on the characteristics of malaysian household particularly on income and basic amenities.

By using the new methodology malaysia s absolute poverty rate would be recorded as improving from 7 61 per cent in 2016 to 5 6 per cent in 2019. Malaysia poverty rate for 2013 was 4 00 a 4 6 decline from 2011. As a result of revisions in ppp exchange rates poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. While this nation has been able to rapidly tackle its poverty situation millions of malaysians still struggle every day.

In malaysia the poverty line income pli is set around rm860 per month. The central intelligence agency cia world factbook 2017 has reported that malaysia s poverty rate is the lowest among south east asian countries said communications and.