Tuesday, 24 April 2012
Average Malaysian household disposable income by decile (in USD)
Source: Euromonitor International 2011
Note: Deciles are calculated by ranking all of the households in a country by disposable income level, from the lowest to the highest earning. The ranking is then split into 10 equal sized groups of households. Decile 1 refers to the lowest earning 10%, while decile 10 refers to the highest earnings10% of household.
According to Euromonitor, Malaysia’s income distribution is highly unequal being one of the highest in Southeast Asia with purchasing power concentrated among the high income individuals. The disposable income of the richest 10% (as per graph below) grew faster than that of the poorest 10% of households at a CAGR of 6.5% vs 4.7% respectively. Euromonitor expects the disparity in absolute amount to widen by 36 times by 2015.
Attachment: AEON CO. - A resilient play.pdf