Malaysia's economy expanded by 5.0% yoy in Q1 of 2022, accelerating from a 3.6% gain in Q4 and beating market consensus of a 4% rise, supported by improving domestic demand as economic activity continued to normalize with the easing of COVID-19 restrictions. Household consumption rose faster (5.5% vs 3.7% in Q4), amid a strong pickup in government spending (6.7% vs 1.6%), and an increase in fixed investment (0.2% vs -3.0%). Meanwhile, net external trade contributed negatively to the GDP, as exports rose 8% while imports grew 11.1%. On the production side, output grew further for services (6.5% vs 3.2%), manufacturing (6.6% vs 9.1%) and agriculture (0.2% vs 2.8%). By contrast, output fell for mining (-1.1% vs -0.6%); construction (-6.2% vs -12.2%). On a seasonally adjusted quarterly basis, the GDP grew 3.9%, slowing from a downwardly revised 4.6% rise in Q4. For 2022, the central bank maintained its GDP outlook at 5.3%-6.3% with inflation projected to average between 2.2% and 3.2%. source: Department of Statistics, Malaysia
GDP Annual Growth Rate in Malaysia averaged 4.26 percent from 2000 until 2022, 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 May of 2022.
GDP Annual Growth Rate in Malaysia is expected to be 5.90 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 4.80 percent in 2023 and 4.30 percent in 2024, according to our econometric models.