Malaysia GDP Annual Growth Rate  2000-2017 | Data | Chart | Calendar

Malaysian economy expanded 5.6 percent year-on-year in the first quarter of 2017, compared to a 4.5 percent growth in the previous three months and above market expectations of 4.8 percent. It was the strongest expansion since the March quarter 2015, as private consumption, investment and exports rose at faster paces and government spending rebounded. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.8 percent, higher than a downwardly revised 1.3 percent growth in the previous period. It was the fastest quarterly expansion since the third quarter 2013. GDP Annual Growth Rate in Malaysia averaged 4.75 percent from 2000 until 2017, 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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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-11 04:00 AM Q3 4.3% 4% 4.1% 3.9%
2017-02-16 04:00 AM Q4 4.5% 4.3% 4.5% 4.4%
2017-05-19 04:00 AM Q1 5.6% 4.5% 4.8% 4.7%
2017-08-18 04:00 AM Q2 5.6% 4.7%
2017-11-17 04:00 AM Q3 4.5%




Malaysia GDP Growth Strongest In 2 Years In Q1


Malaysian economy expanded 5.6 percent year-on-year in the first quarter of 2017, compared to a 4.5 percent growth in the previous three months and above market expectations of 4.8 percent. It was the strongest expansion since the March quarter 2015, as private consumption, investment and exports rose at faster paces and government spending rebounded.

In the March quarter, private consumption grew by 6.6 percent year-on-year, faster than a 6.2 percent rise in the previous quarter. Gross fixed capital formation gained 10 percent, compared to a 2.4 percent expansion in the preceding quarter. Exports rose 9.8 percent from  a 1.3 percent rise in the December quarter. Imports also went up 12.9 percent, compared to a 1.6 percent rise in the previous three months. Goverment spending rose 7.5 percent, rebounding from a 4.2 percent decline in the prior three months.

On the production side, the agriculture sector rebounded (8.3 percent), after contracting 2.5 percent in the December quarter, due to a double-digit growth in palm oil (17.7 percent from -7.2 percent in Q4). Construction sector grew by 6.5 percent (from 5.1 percent in Q4). Also, services sector went up at a faster 5.8 percent from 5.5 percent in the preceding three months, supported primarily by consumption and business related services; manufacturing (5.6 percent from 4.7 percent)  while mining sector increased at a slower pace (1.6 percent from 4.9 percent).

Moving forward, the Malaysian economy is expected to be supported by domestic demand. The economy is on track to register higher growth in 2017, compared to a 4.2 percent expansion in 2016. Exports are expected to benefit from the improvement in global growth. Regarding inflation, it is expected to moderate from the second quarter after increasing in the first quarter.

On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.8 percent, faster than a downwardly revised 1.3 percent growth in the previous period. It was the fastest quarterly expansion since the third quarter 2013. 

Department Statistics of Malaysia | Chusnul Ch Manan | chusnul@tradingeconomics.com
5/19/2017 9:09:14 AM



Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 1.30 5.50 -5.90 percent [+]
GDP Annual Growth Rate 5.60 4.50 10.30 -6.20 percent [+]
GDP 296.28 338.10 338.10 2.42 USD Billion [+]
GDP Constant Prices 280095.00 290629.00 290629.00 130630.00 MYR Million [+]
Gross National Product 274.50 285.20 285.20 127.10 MYR Billion [+]
Gross Fixed Capital Formation 74325.00 69232.00 74461.00 27407.00 MYR Million [+]
GDP per capita 10878.40 10512.14 10878.40 1407.98 USD [+]
GDP per capita PPP 25311.91 24459.71 25311.91 10451.48 USD [+]
GDP From Agriculture 21787.00 23095.00 26631.00 19362.00 MYR Million [+]
GDP From Construction 13398.00 12582.00 13398.00 6464.00 MYR Million [+]
GDP From Manufacturing 63953.00 66657.00 66657.00 45868.00 MYR Million [+]
GDP From Mining 25096.00 25456.00 25456.00 20435.00 MYR Million [+]
GDP From Services 151776.00 158824.00 158824.00 99821.00 MYR Million [+]


Malaysia GDP Annual Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 4.50 10.30 -6.20 2000 - 2017 percent Quarterly
Constant 2005



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17