Finance:Income inequality in Malaysia

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Short description: Income inequality in Malaysia


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A chart of Malaysia's Income disparity, 2004.

According to the UNDP 1997 Human Development Report,[1] and the 2004 United Nations Human Development (UNHDP) report,[2] Malaysia has the highest income disparity between the rich and poor in Southeast Asia, greater than that of Philippines , Thailand, Singapore, Vietnam and Indonesia.[citation needed]

The UNHDP Report shows that the richest 10% in Malaysia control 38.4% of the economic income as compared to the poorest 10% who control only 1.7%. However, according to official statistics from the Prime Minister's Department, inequality has been decreasing steadily since 1970, with the Gini coefficient dropping to an all-time low of 0.40 in 2014.[3]

See also

  • Poverty in Malaysia

References

  1. ↑ Asian Analysis 1998 by Asean Focus Group , Professor Michael Leigh Director Institute of East Asian Studies University Malaysia, Sarawak.
  2. ↑ Speech at the Meeting between DAPSY National and Perak State Leaders In Teluk Intan by Lim Guan Eng , If the 2004 Petronas profits of RM 35.6 billion (US$9.89 billion) were distributed to the poor, Malaysia would not have wealth distribution problems.
  3. ↑ "Table 6: Gini Coefficient by Ethnic Group, Strata and State, Malaysia, 1970–2014". 2014. http://www.epu.gov.my/documents/10124/cb197b81-d86b-418b-b5e9-841f55a68914. 


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