Poverty Rate In Malaysia

The number of poor households has reduced by 52 7 from 228 400 to 108 000 during the same period. Income disparity in malaysia. 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.

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The department of statistics malaysia dosm today 10 july announced that malaysia s poverty line income pli has been revised the new pli is now rm2 208 based on the calculations from the 2019 methodology.

Poverty rate in malaysia. Last year the barisan nasional government was touting the fact that at 3 8 malaysia s poverty rate is the lowest among south east asian countries. 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. However malaysia stand firm of its claim while pointing that the un assertions are incorrect. The incidence of poverty in malaysia decreased substantially from 3 8 in 2009 to 1 7 in 2012.

According to one of the most recent reports by the world bank malaysia has had an inclusive economic growth rate of about 7 percent annually for the past 25 years. Malaysia poverty rate for 2011 was 8 60 a 8 1 decline from 2008. Saturday 11 jul 2020 putrajaya. Malaysia poverty rate for 2013 was 4 00 a 4 6 decline from 2011.

Malaysia s poverty line income pli has been revised from a monthly household income of rm980 to rm2 208 thus pushing up the country s poverty rate from 0 4 in 2016 to 5 6 last year. The un also stated that realistic poverty rate in malaysia is from 16 to 20. With a poverty rate of 19 5 per cent. Reduction in the incidence of poverty has reduced in both urban and rural areas.

It is the poorest state in malaysia faced with inadequate infrastructure low education levels and a high cost of living for rural folk with stagnant salaries. Since this growth has been inclusive malaysia has been successful at nearly eradicating poverty in the country. Malaysia poverty rate for 2008 was 16 70 a 2 4 increase from 2007. 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.