The Malaysian economy grew 4.5 percent year-on-year in the second quarter of 2018, following a 5.4 percent expansion in the previous three-month period and missing market consensus of 5.2 percent. It was the weakest growth rate since the fourth quarter of 2016, as net external demand contributed negatively to GDP growth, while private consumption, investment, and government spending continued to increase at a solid pace. On a quarter-on-quarter seasonally-adjusted basis, the GDP rose by 0.3 percent in the second quarter, the smallest advance since the first quarter of 2013. GDP Annual Growth Rate in Malaysia averaged 4.80 percent from 2000 until 2018, 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.

Malaysia GDP Annual Growth Rate
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Malaysia Q2 GDP Growth Weakest in 1-1/2 Years


The Malaysian economy grew 4.5 percent year-on-year in the second quarter of 2018, following a 5.4 percent expansion in the previous three-month period and missing market consensus of 5.2 percent. It was the weakest growth rate since the fourth quarter of 2016, as net external demand contributed negatively to GDP growth, while private consumption, investment, and government spending continued to increase at a solid pace.

In the second quarter, exports went up by 2.0 percent, slower than a 3.7 percent rise in the March quarter. Imports rose at a faster 2.1 percent, recovering from a 2 percent fall in the previous three months.
 
Private expenditure increased by 8.0 percent, following a 6.9 percent rise in the previous period, driven by higher consumption of food & beverages, communication, and restaurants & hotels. Also, gross fixed capital formation expanded 2.2 percent, much faster than a 0.1 percent growth in the preceding quarter, due to a rebound in machinery & equipment; and government spending went up 3.1 percent, faster than a 0.4 percent increase in the prior three months.
 
On the production side, growth slowed for both manufacturing (4.9 percent vs 5.3 percent in Q1) and construction (4.7 percent vs 4.9 percent). In addition, the agriculture sector contracted (-2.5 percent vs 2.8 percent in Q1), as well as the mining & quarrying sector (-2.2 percente vs 0.1 percent). On the positive note, services output expanded by 6.5 percent, the same pace as in the first quarter.
 
On a quarter-on-quarter seasonally-adjusted basis, the GDP rose by 0.3 percent in the second quarter, the smallest increase since the first quarter of 2013.
  
Considering the first half of the year, the economy expanded by 4.9 percent year-on-year, compared to a 5.7 percent expansion in the same period of 2017.
 
Moving forward, economic growth is expected to remain on a steady growth path in 2018, boosted mainly by domestic demand. Meanwhile, labour market conditions and capacity expansion will continue to support robust private consumption and investment respectively. Headline inflation is expected to moderate, and the extent of the moderation would depend on the pass-through from changes in the consumption tax policy.


Department of Statistics, Malaysia | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/17/2018 8:37:35 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-14 04:00 AM GDP Growth Rate YoY 5.9% 6.2% 5.7% 5.80%
2018-05-17 04:00 AM GDP Growth Rate YoY 5.4% 5.9% 5.5% 5.7%
2018-08-17 04:00 AM GDP Growth Rate YoY 4.5% 5.4% 5.2% 5.1%
2018-11-16 04:00 AM GDP Growth Rate YoY 4.5% 5.2% 5%


Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 1.40 5.50 -5.90 percent [+]
GDP Annual Growth Rate 4.50 5.40 10.30 -6.20 percent [+]
GDP 314.50 296.54 338.06 1.90 USD Billion [+]
GDP Constant Prices 300089.00 295288.00 308078.00 130630.00 MYR Million [+]
Gross National Product 291.20 286.90 301.20 127.10 MYR Billion [+]
Gross Fixed Capital Formation 79177.00 74374.00 79177.00 27407.00 MYR Million [+]
GDP per capita 11521.45 11031.80 11521.45 1408.60 USD [+]
GDP per capita PPP 26808.16 25668.90 26808.16 10551.60 USD [+]
GDP From Agriculture 21948.00 22406.00 26690.00 19362.00 MYR Million [+]
GDP From Construction 13530.00 14093.00 14093.00 6464.00 MYR Million [+]
GDP From Manufacturing 70844.00 67342.00 70844.00 45868.00 MYR Million [+]
GDP From Mining 23832.00 25048.00 25424.00 20435.00 MYR Million [+]
GDP From Services 166028.00 161915.00 168945.00 99821.00 MYR Million [+]


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. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 5.40 10.30 -6.20 2000 - 2018 percent Quarterly
Constant 2005




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Germany 2.00 Jun/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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