The population in Malaysia grew to 32.52 million people in 2019. This is in line with a steady positive trend that has been happening since at least 2016 and is forecast to continue until at least 2027, as well as with the growth rates in other ASEAN countries.
As the fertility rate slowly declines, the population growth rate should slowly decline as well. However, since life expectancy is also slowly increasing, this can still fuel population growth, as we see in this statistic. In Malaysia, this is leading to a healthy age structure, with a large group of working-age people who are able to support a smaller number of old and young people.
A growing population should lead to an increasing gross domestic product (GDP), simply because more people means more consumers and workers. This is especially effective if the country is at full employment. Given the generally low level of unemployment in Malaysia, it is fairly safe to assume that this is true.
Malaysia: Total population from 2017 to 2027
(in million inhabitants)
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IMF. (April 19, 2022). Malaysia: Total population from 2017 to 2027 (in million inhabitants) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/318725/total-population-of-malaysia/
IMF. "Malaysia: Total population from 2017 to 2027 (in million inhabitants)." Chart. April 19, 2022. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/318725/total-population-of-malaysia/
IMF. (2022). Malaysia: Total population from 2017 to 2027 (in million inhabitants). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/318725/total-population-of-malaysia/
IMF. "Malaysia: Total Population from 2017 to 2027 (in Million Inhabitants)." Statista, Statista Inc., 19 Apr 2022, https://www.statista.com/statistics/318725/total-population-of-malaysia/
IMF, Malaysia: Total population from 2017 to 2027 (in million inhabitants) Statista, https://www.statista.com/statistics/318725/total-population-of-malaysia/ (last visited June 29, 2022)