Malaysia’s GNI per capita fell to US$9,850December 19, 2017 0 By WFTV
Malaysia’s Gross National Income or GNI has fallen from US$10,440 (2015) to US$9,850, an increase of 30.5% on the 2009 figure of US$7550 but a decrease over the 2015 figure.
While GNI per capital was increasing up until 2014, in recent years, it has fallen, as seen above.
While GNI per capita has been falling, living costs have been steadily rising.
Between 2010 and 2017 food and non-alcoholic beverages in Malaysia have increased in price by 30.3%.
Housing, water, and electricity bills increased by 22.6% in the same period. As a result, rising costs are eroding living standards in Malaysia, suggests the World Bank.
The number of poor families is increasing
In an article published by Asean Today, it is said that in 2014, the Selangor Islamic Religious Council registered 44,393 families as poor.
“In 2016, this number increased to 46,500. The situation is reaching a crisis point. A recent survey by Merdeka Centre found that around 15% of Malaysians are skipping meals to ensure their survival,” said the portal.
Asean Today also run an example of the type of people who are living in such dire condition.
“Suriani Aziera and her husband live off less than RM2,000 (US$490). Her husband is a lorry driver. She described her battle for survival, “on top of the money I receive from my husband’s salary, I’ll beg”. “I have been insulted for begging for food to feed my children”.
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