Malaysia's economy shrank by 3.4% yoy in Q4 of 2020, after a marginally revised 2.6% contraction in Q3 and worse than market expectations of a 3.1% fall, reflecting the negative impact of measures taken both globally and domestically to contain the spread of the COVID-19 pandemic. Both household consumption (-3.4% vs -2.1%) and fixed investment (-11.9% vs -11.6%) fell faster. In addition, net external demand contributed negatively to the GDP as both exports and imports dropped, while government spending growth eased (2.7% vs 6.9%). On the production side, output contracted more for mining, services, agriculture, and construction, while manufacturing sectors grew less. On a seasonally adjusted quarterly basis, the economy shrank by 0.3%, after a record 18.2% growth in Q3. For 2020 as a whole, the economy shrank by 5.6%, the steepest contraction since the 1998 Asian financial crisis, reversing from a 4.3% expansion in 2019. source: Department of Statistics, Malaysia
GDP Annual Growth Rate in Malaysia averaged 4.28 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 -17.10 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 April of 2021.
GDP Annual Growth Rate in Malaysia is expected to be -0.70 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 6.50 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.