Thursday, March 28, 2013

Malaysian household income hits RM5,000

The average monthly income of Malaysian households rose from RM4,025 in 2009 to RM5,000 in 2012, an increase of 7.2% annually. This is according to the 2012 Household Income Survey.

Household income in 2012: RM5,000 (US$1,611). Daily Express, March 28

Kuala Lumpur leads with the highest growth of 14.9% from RM5,488 in 2009 to RM8,586 (US$2,770) in 2012. But Putrajaya took the throne with zero-poverty status last year.

Perlis, Terengganu and Sabah are among the low-income states. I wonder where Kelantan stands in the table.

Average Malaysian household income in 2009 was RM4,025 (US$1,300)

TheGreenMechanics' two cents:

The overall incidence of poverty last year was 1.7% which is below the 2% target by 2015. That's good, but in Sabah the poverty incidence is still at a whooping 8.1% (down from 19.7% in 2009).

The statisticians tell us that Sabah emerged as the best performing state in poverty eradication with its poverty rate. But almost every other states are below 2% and statistics do not tell us the absolute numbers. We have the most number of poor houshold. A 8.1% poverty incidence means that we have more than 250,000 people that are categorised as poor.

Average monthly Malaysian household income hits RM5,000
As reported in Borneo Post, March 27.
The 2012 Household Income Survey found the average monthly income of Malaysian households rising from RM4,025 in 2009 to RM5,000 in 2012, an increase of 7.2% annually.

In announcing the statistics here today, Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop said the urban household monthly income increased at a rate of 6.6% a year from RM4,705 in 2009 to RM5,742 last year, while the rural household monthly income rose 6.4% annually from RM2,545 to RM3,080.

"The significant income rise was achieved with the federal government's efforts in ensuring continuous, stable and strong growth in the economy. The impact was via widespread increase in economic opportunities which generated employment with business and industrial development in various economic sectors," he said.

Nor Mohamed said all states also recorded better average monthly household incomes with Kuala Lumpur leading with the highest growth of 14.9% from RM5,488 to RM8,586.

He said this was followed by Labuan with 12% from RM4,407 to RM6,317, Perlis with 10.1% from RM2,617 to RM3,538, Terengganu 9.1% from RM3,017 to RM3,967, and Negeri Sembilan and Sabah from RM3,540 to RM4,576 and from RM3,102 to RM4,013 respectively. On the ethnic breakdown, Indians recorded the highest increase in monthly household income at 9% from RM3,999 to RM5,233, followed by the Chinese at 8% from RM5,011 to RM6,366 and Bumiputeras, 6.9% from RM3,624 to RM4,457.

There was also a significant reduction in the overall incidence of poverty from 3.8% in 2009 to 1.7% last year, with the total number of household poor plunging 52.7% from 228,400 to 108,000 in the same period.

He said the overall incidence of poverty in the urban areas contracted from 1.7% to 1% while the rural area rate was slashed to 3.4% from 8.4%.


thomas said...

Looks very rosy but the reality sucks at ground zero,spiraling inflation and booming property prices cut of more more than the increase.

tehr said...

nampak banyak juga tu
lagi bagus kiranya pendapatan mereka di hujung2 kampung juga bertambah

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