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Malaysia’s household income still growing but at a slower pace - MARC


Average monthly household income rose by 6.2% per year on a compounded annual growth rate basis between 2014 and 2016. - Reuters pic

Average monthly household income rose by 6.2% per year on a compounded annual growth rate basis between 2014 and 2016. - Reuters pic

KUALA LUMPUR: The country’s average monthly household income as well as the median monthly household income (the middle value) continued to grow in 2016, said Malaysian Rating Corp Bhd (MARC), but at a slower pace compared with the Statistics Department’s previous survey (2012-2014).

The rating agency said in a statement that based on the Statistics Department’s latest household income and basic amenities survey (2016), Malaysia’s average and median household incomes benefitted from the relatively resilient domestic economy.

   

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