🇲🇾 Malaysia
Public Sector Debt · 2026
Total Debt
75.2%
of GDP
Global Rank
#52
of 192
S&P Rating
A-
Credit rating
SOE Debt
+4.7%
1 categories
Where the Debt Sits
Central Government
Central Government: 62.9%Subnational: 7.6%Energy SOEs: 4.7%
Who Holds This Debt
Holder Breakdown
Domestic 78%
Foreign 22%
Domestic: 78%Foreign: 22%
Currency Denomination
Local 97%
Local currency: 97%Foreign currency: 3%
Full Debt Breakdown
Central Government62.9% of GDP
Central GovernmentIMF WEO — General Government Debt
62.9%Subnational / Regional7.6% of GDP
SubnationalIMF WEO — General Government Debt
7.6%Energy SOEs4.7% of GDP
PetronasPetronas Integrated Report 2024Gearing ratio 19.6%. Well-managed, investment-grade.
4.7%Total Corporate Debt88.5% of GDP
Nonfinancial corporate debt (total)BIS Credit Statistics Q3 2025Petronas, Tenaga, Telekom. SOE/GLC portion ~15-20%.
88.5%Household Debt69.9% of GDP
Household debtBIS Credit Statistics Q3 2025High for an emerging economy. Housing + auto loans.
69.9%Unfunded Pension Liabilities30.0% of GDP
Civil service pension unfunded (est.)OECD Pensions Asia/Pacific 2024; KWAPEPF (private) fully funded. Civil service DB (KWAP) has gap.
30.0%All Layers Total263.6%
Credit Ratings
S&P
A-
Moody's
A3
Fitch
BBB+
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202670.5% GDP
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