: Malaysia’s household debt by the end of 2023 stood at RM1.53 trillion, said prime minister Datuk Seri Anwar Ibrahim.
According to several reports, the total household debt for the preceding years, stood at RM1.45 trillion in 2022, RM1.38 trillion in 2021, RM1.32 trillion in 2020, RM1.25 trillion in 2019, and RM1.19 trillion in 2018. Anwar was responding to a question regarding Malaysia’s total household debt between 2018 to 2023 posed by Pang Hok Liong during the parliament.The primary drivers behind the rise of household debts were automobile and housing loans.
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