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. GDP Annual Growth Rate in Malaysia averaged 4.79 percent from 2000 until 2019, 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. source: Department of Statistics, Malaysia

GDP Annual Growth Rate in Malaysia is expected to be 4.10 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 4.40 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.

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Malaysia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.90 10.30 -6.20 2000 - 2019 percent Quarterly
Constant 2015=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 04:00 AM GDP Growth Rate YoY Q4 4.7% 4.4% 4.7% 4.6%
2019-05-16 04:00 AM GDP Growth Rate YoY Q1 4.5% 4.7% 4.3% 4.5%
2019-08-16 04:00 AM GDP Growth Rate YoY Q2 4.9% 4.5% 4.8% 4.1%
2019-11-15 04:00 AM GDP Growth Rate YoY Q3 4.4% 4.9% 4.4% 4.4%
2020-02-12 04:00 AM GDP Growth Rate YoY Q4 4.4% 4.4%


News Stream
2019-08-16
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.

2019-05-16
Malaysia GDP Growth Above Expectations in Q1
The Malaysian economy advanced 4.5 percent year-on-year in the first quarter of 2019, following a 4.7 percent expansion in the previous three-month period but beating market expectations of 4.3 percent. Growth was mainly supported by private consumption, government spending and net external demand while fixed investment contracted. On the industry side, a recovery in the agricultural sector led the expansion, while growth in other major sectors slowed. From reference first quarter 2019, the index has been rebased from 2010 to base year 2015.

2019-02-14
Malaysian Economy Expands 4.7% in Q4
The Malaysian economy advanced 4.7 percent year-on-year in the fourth quarter of 2018, following a 4.4 percent expansion in the previous three-month period and matching market expectations. It was the strongest growth rate since the first quarter of the year, as net external demand contributed positively to GDP growth, while private consumption, government spending, and investment slowed. For 2018 as a whole, the economy grew 4.7 percent, compared to a 5.9 percent expansion in 2017.


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.

Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 1.00 5.50 -5.90 percent [+]
GDP Annual Growth Rate 4.40 4.90 10.30 -6.20 percent [+]
GDP 354.35 314.71 354.35 1.90 USD Billion [+]
GDP Constant Prices 360136.00 348767.00 360136.00 130630.00 MYR Million [+]
Gross National Product 352.70 347.20 352.70 127.10 MYR Billion [+]
Gross Fixed Capital Formation 82144.00 86307.00 86850.00 27407.00 MYR Million [+]
GDP per capita 12109.50 11720.70 12109.50 1354.00 USD [+]
GDP per capita PPP 28176.40 27271.90 28176.40 10556.60 USD [+]
GDP From Agriculture 28029.00 24192.00 28029.00 19362.00 MYR Million [+]
GDP From Construction 16950.00 16064.00 17207.00 6464.00 MYR Million [+]
GDP From Manufacturing 79938.00 79011.00 79938.00 45868.00 MYR Million [+]
GDP From Mining 23003.00 26019.00 27542.00 20435.00 MYR Million [+]
GDP From Services 208165.00 199498.00 208165.00 99821.00 MYR Million [+]