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. 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.

GDP Annual Growth Rate in Malaysia is expected to be 4.20 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 3.70 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.

Malaysia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 4.4% 4.5% 4.6% 5%
2019-02-14 04:00 AM GDP Growth Rate YoY 4.7% 4.4% 4.7% 4.6%
2019-05-16 04:00 AM GDP Growth Rate YoY 4.7% 4.2%
2019-08-16 04:00 AM GDP Growth Rate YoY 4.1%
2019-11-15 04:00 AM GDP Growth Rate YoY 3.8%



Malaysia GDP Growth Rises to 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.

In the fourth quarter, exports increased by 1.3 percent, rebounding from a 0.8 percent fall in the September quarter and imports edged up 0.2 percent, accelerating from a 0.1 percent rise in the previous three months.
 
Private expenditure went up by 8.5 percent, easing from a 9.0 percent advance in the previous period, driven by consumption of food & beverages, communication, and transport and restaurants & hotels. Also, gross fixed capital formation rose 0.3 percent, slower than a 3.2 percent gain in the preceding quarter, mainly due to a decline in machinery & equipment investment; and government spending rose 4.0 percent, softer than a 5.2 percent increase in the prior three months.
 
On the production side, growth slowed for services (6.9 percent vs 7.2 percent in Q3); manufacturing (4.7 percent vs 5.0 percent) and construction (2.6 percent vs 4.6 percent). On the other hand, agricultural activity shrank less (-0.4 percent vs -1.4 percent) and mining & quarrying output rebounded (0.5 percent vs -4.6 percent).

For 2018 as a whole, the economy grew 4.7 percent, compared to a 5.9 percent expansion in 2017.

On a quarter-on-quarter seasonally-adjusted basis, the GDP advanced by 1.4 percent in the fourth quarter, following a 1.6 percent expansion in the previous quarter.
  
Moving forward, economic growth is estimated to remain on a steady growth path in 2019, driven mainly by domestic demand amid continuing fiscal rationalization while external sector is likely to soften with moderating global demand.
 
Headline inflation is expected to average moderately higher. The impact of consumption tax policy on headline inflation in 2019 will start to lapse towards the end of the year.


Department of Statistics, Malaysia l Chusnul Ch Manan| chusnul@tradingeconomics.com
2/14/2019 11:38:07 AM



Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 1.60 5.50 -5.90 percent [+]
GDP Annual Growth Rate 4.70 4.40 10.30 -6.20 percent [+]
GDP 314.50 296.54 338.06 1.90 USD Billion [+]
GDP Constant Prices 322596.00 311704.00 322596.00 130630.00 MYR Million [+]
Gross National Product 313.30 300.10 313.30 127.10 MYR Billion [+]
Gross Fixed Capital Formation 72420.00 76819.00 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 25482.00 25709.00 26690.00 19362.00 MYR Million [+]
GDP From Construction 13695.00 14517.00 14517.00 6464.00 MYR Million [+]
GDP From Manufacturing 73565.00 71586.00 73565.00 45868.00 MYR Million [+]
GDP From Mining 25461.00 22630.00 25461.00 20435.00 MYR Million [+]
GDP From Services 180577.00 174438.00 180577.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.40 10.30 -6.20 2000 - 2018 percent Quarterly
Constant 2005




Country Last Previous
India 6.60 Dec/18
China 6.40 Dec/18
Indonesia 5.18 Dec/18
South Korea 3.10 Dec/18
United States 3.10 Dec/18
Saudi Arabia 2.50 Sep/18
Spain 2.40 Dec/18
Australia 2.30 Dec/18
Netherlands 2.00 Dec/18
Singapore 1.90 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Russia 1.50 Sep/18
Switzerland 1.40 Dec/18
United Kingdom 1.30 Dec/18
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 0.90 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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