Malaysia's economy grew by 0.7 percent year-on-year in the first quarter of 2020, the weakest pace of expansion since the third quarter of 2009 and compared with market expectations of a 1.5 percent contraction, reflecting the negative impact of measures taken both globally and domestically to contain the spread of the COVID-19 pandemic. Household consumption rose at a softer 6.7 percent (vs 8.1 percent in Q4), while fixed investment tumbled 4.6 percent (vs -0.7 percent in Q4). In addition, net external demand contributed negatively to the GDP as both exports and imports fell sharply, while government spending growth accelerated. On the production side, the services and manufacturing sectors expanded at softer rates, while mining & quarrying, construction and agriculture all contracted. On a seasonally adjusted quarterly basis, the economy shrank by 2 percent, the first contraction since 2009.

GDP Annual Growth Rate in Malaysia averaged 4.72 percent from 2000 until 2020, reaching an all time high of 10.30 percent in the first quarter of 2010 and a record low of -6.20 percent in the first quarter of 2009. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Department of Statistics, Malaysia

GDP Annual Growth Rate in Malaysia is expected to be -9.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Malaysia to stand at 4.90 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 6.50 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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Malaysia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 3.60 10.30 -6.20 2000 - 2020 percent Quarterly
Constant 2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-16 04:00 AM YoY Q2 4.9% 4.5% 4.8% 4.1%
2019-11-15 04:00 AM YoY Q3 4.4% 4.9% 4.4% 4.4%
2020-02-12 04:00 AM YoY Q4 3.6% 4.4% 4.2% 4.4%
2020-05-13 04:00 AM YoY Q1 0.7% 3.6% -1.5% -2%
2020-08-12 04:00 AM YoY Q2 0.7% -9.7%
2020-11-13 04:00 AM YoY Q3 -6.4%


News Stream
Malaysia Q1 GDP Growth Rate Weakest Since 2009
Malaysia's economy grew by 0.7 percent year-on-year in the first quarter of 2020, the weakest pace of expansion since the third quarter of 2009 and compared with market expectations of a 1.5 percent contraction, reflecting the negative impact of measures taken both globally and domestically to contain the spread of the COVID-19 pandemic. Household consumption rose at a softer 6.7 percent (vs 8.1 percent in Q4), while fixed investment tumbled 4.6 percent (vs -0.7 percent in Q4). In addition, net external demand contributed negatively to the GDP as both exports and imports fell sharply, while government spending growth accelerated. On the production side, the services and manufacturing sectors expanded at softer rates, while mining & quarrying, construction and agriculture all contracted. On a seasonally adjusted quarterly basis, the economy shrank by 2 percent, the first contraction since 2009.
2020-05-13
Malaysia GDP Growth Slows to Decade Low
Malaysia's economy grew by 3.6 percent year-on-year in the fourth quarter of 2019, easing from a 4.4 percent expansion in the previous three-month period and missing market expectations of 4.2 percent. This was the weakest GDP growth rate since the third quarter of 2009 due mainly to a contraction in palm oil, crude oil and natural gas output, and a 3.1 percent fall in exports amid global trade tensions. Also, fixed investment continued to decline, while household consumption and public spending grew at faster rates. On the production side, manufacturing growth slowed services and construction sectors expanded firmly. Considering 2019 full year, the economy grew by 4.3 percent, the softest pace since 2016 and below the government's forecast of 4.7 percent.
2020-02-12
Malaysia Q3 GDP Growth Weakest in A Year
Malaysia's economy expanded 4.4 percent year-on-year in the third quarter of 2019, following a 4.9 percent growth in the previous three-month period and matching market expectations. This was the weakest GDP growth since the third quarter last year on the back of heightening global uncertainty and ongoing trade tensions. Growth was mainly driven by rises in both private consumption and government spending, with net exports contributing positively, while fixed investment contracted further. On a quarterly basis, the economy grew by 0.9 percent in the third quarter, after a 1.0 percent advance in the June quarter.
2019-11-15
Malaysia Q2 GDP Growth Strongest in Over a Year
Malaysia's economy expanded 4.9 percent year-on-year in the second quarter of 2019, following a 4.5 percent growth in the previous three-month period and beating market expectations of 4.8 percent. Private consumption and net external demand contributed positively to the GDP growth, while fixed investment continued to contract.
2019-08-16

Malaysia GDP Annual 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.