Malaysia's economy advanced by 16.1% yoy in Q2 of 2021, rebounding sharply from a 0.5% contraction in Q1 and higher than market expectations of a 14.3% gain. This was the fastest growth in the economy since the series began in 2000, due to the reopening of more economic activities and a low base effect last year. Both household consumption (11.6% vs -1.5% in Q1) and fixed investment 16.5% vs -3.3%) recovered sharply. In addition, net external demand contributed positively to the GDP as both exports and imports surged 37.4% and 37.6%, respectively. Also, government spending grew faster (9.0% vs 5.9%). On the production side, output recovered for mining (13.9% vs -5%), services (13.4% vs -2.3%), construction (40.3% vs -10.4%), while manufacturing sectors expanded much more (26.6% vs 6.6%). By contrast, production of agriculture fell (-1.5% vs 0.2%). On a seasonally adjusted quarterly basis, the economy shrank by 2.0%, reversing from a 2.7% rise in Q1. source: Department of Statistics, Malaysia
GDP Annual Growth Rate in Malaysia averaged 4.36 percent from 2000 until 2021, reaching an all time high of 16.10 percent in the second quarter of 2021 and a record low of -17.20 percent in the second quarter of 2020. 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 October of 2021.
GDP Annual Growth Rate in Malaysia is expected to be -2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 5.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.