Foreign trade in services as a share of GDP fell 7.96% to 15.2% in Malaysia in 2021, according to the National Statistical Office.
Historically, foreign trade in services as a share of GDP in Malaysia reached an all time high of 34.1% in 1998 and an all time low of 11.1% in 1976. When compared to Malaysia's main peers, foreign trade in services as a share of GDP in Cambodia amounted to 10.2%, 114% in Singapore, 17.9% in Thailand and 6.30% in Vietnam in 2021.
Malaysia has been ranked 72nd within the group of 139 countries we follow in terms of foreign trade in services as a share of GDP, 36 places below the position seen 10 years ago.
Foreign Trade In Services (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Cambodia | % | 34.3% | 32.3% | 33.2% | 34.6% | 34.6% | ||||||||||||||||
China | % | 5.90% | 5.79% | 5.56% | 5.46% | 5.25% | ||||||||||||||||
Indonesia | % | 6.17% | 5.77% | 5.71% | 6.61% | 6.34% | ||||||||||||||||
Laos | % | 13.3% | 11.7% | 11.1% | 12.3% | 12.9% | ||||||||||||||||
Malaysia | % | 24.9% | 25.1% | 24.9% | 23.6% | 23.2% | ||||||||||||||||
Myanmar | % | 9.74% | 10.4% | 10.9% | 12.1% | 15.1% | ... | ... | ||||||||||||||
Philippines | % | 17.2% | 17.4% | 18.6% | 18.8% | 18.4% | ||||||||||||||||
Singapore | % | 102% | 97.4% | 103% | 108% | 112% | ||||||||||||||||
Thailand | % | 25.1% | 26.0% | 25.8% | 26.1% | 25.4% | ||||||||||||||||
Vietnam | % | 11.4% | 11.4% | 10.7% | 10.7% | 10.7% |