The Gross Domestic Product (GDP) in Malaysia expanded by 0.90 percent in the first quarter of 2023 over the previous quarter, rebounding from a downwardly revised 1.7 percent contraction in the fourth quarter of 2022, driven mainly by domestic demand. source: Department of Statistics, Malaysia

GDP Growth Rate in Malaysia averaged 1.14 percent from 2000 until 2023, reaching an all time high of 17.30 percent in the third quarter of 2020 and a record low of -16.10 percent in the second quarter of 2020. This page provides - Malaysia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

GDP Growth Rate in Malaysia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Malaysia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 04:00 AM Q4 -2.6% 1.9% 3.1%
2023-05-12 04:00 AM Q1 0.9% -1.7% 1.0%
2023-08-11 04:00 AM Q2 0.9% 2%

Related Last Previous Unit Reference
GDP Growth Rate 0.90 -1.70 percent Mar 2023
GDP Annual Growth Rate 5.60 7.10 percent Mar 2023
GDP Constant Prices 380860.00 397191.00 MYR Million Mar 2023
Gross National Product 370.30 392.90 MYR Billion Mar 2023
Gross Fixed Capital Formation 77324.00 74844.00 MYR Million Mar 2023
GDP from Services 225254.00 232808.00 MYR Million Mar 2023
GDP from Mining 24675.00 25498.00 MYR Million Mar 2023
GDP from Manufacturing 89996.00 95514.00 MYR Million Mar 2023
GDP from Construction 13906.00 13856.00 MYR Million Mar 2023
GDP from Agriculture 22816.00 25162.00 MYR Million Mar 2023

Malaysia GDP Growth Rate
Malaysia is a developing economy in Asia which, in recent years, has successfully transformed from an exporter of raw materials into a diversified economy. The largest sector of the economy is services, accounting for around 54 percent of GDP. Manufacturing sector has been growing in recent years and now accounts for 25 percent of GDP and more than 60 percent of total exports. Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent.
Actual Previous Highest Lowest Dates Unit Frequency
0.90 -1.70 17.30 -16.10 2000 - 2023 percent Quarterly