Malaysia's economy expanded 4.9 percent year-on-year in the second quarter of 2019, following a 4.5 percent growth in the previous three-month period and beating market expectations of 4.8 percent. Private consumption and net external demand contributed positively to the GDP growth, while fixed investment continued to contract. GDP Annual Growth Rate in Malaysia averaged 4.79 percent from 2000 until 2019, 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 4.40 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 4.20 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.

Malaysia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-16 04:00 AM GDP Growth Rate YoY Q3 4.4% 4.5% 4.6% 5%
2019-02-14 04:00 AM GDP Growth Rate YoY Q4 4.7% 4.4% 4.7% 4.6%
2019-05-16 04:00 AM GDP Growth Rate YoY Q1 4.5% 4.7% 4.3% 4.5%
2019-08-16 04:00 AM GDP Growth Rate YoY Q2 4.9% 4.5% 4.8% 4.1%
2019-11-15 04:00 AM GDP Growth Rate YoY Q3 4.9% 4.4%



Malaysia Q2 GDP Growth Strongest in Over a Year

Malaysia's economy expanded 4.9 percent year-on-year in the second quarter of 2019, following a 4.5 percent growth in the previous three-month period and beating market expectations of 4.8 percent.

Private expenditure went up by 7.8 percent in the second quarter, following a 7.6 percent gain in the previous period; and net external demand contributed positively to the GDP as exports increased 0.1 percent while imports fell 2.1 percent. On the other hand, government spending growth slowed sharply (0.3 percent vs 6.3 percent in Q1), while gross fixed capital formation continued to contract (-0.6 percent vs -3.5 percent).

On the production side, mining & quarrying activity rebounded (2.9 percent vs -2.1 percent), driven mainly by the recovery in natural gas output. In addition, output expanded at a faster pace for manufacturing (4.3 percent vs 4.2 percent), supported by better performance of the domestic-oriented industries; and construction (0.5 percent vs 0.3 percent). Meanwhile, growth slowed for both services (6.1 percent vs 6.4 percent) and agricultural sectors (4.2 percent vs 5.6 percent).

On a quarter-on-quarter seasonally-adjusted basis, the GDP grew by 1.0 percent in the second quarter, following a 1.1 percent expansion in the previous period.

Considering the first half of the year, the economy grew 4.7 percent compared with the same period of 2018. For 2019, the GDP growth is forecast to come in within the central bank's 4.3-4.8 percent target range, driven mainly by domestic demand while an escalation in global trade tensions could weigh on external demand.


Department of Statistics, Malaysia | Chusnul Ch Manan| chusnul@tradingeconomics.com
8/16/2019 10:00:32 AM



Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.10 5.50 -5.90 percent [+]
GDP Annual Growth Rate 4.90 4.50 10.30 -6.20 percent [+]
GDP 354.35 314.71 354.35 1.90 USD Billion [+]
GDP Constant Prices 348767.00 341710.00 357074.00 130630.00 MYR Million [+]
Gross National Product 347.20 335.42 349.36 127.10 MYR Billion [+]
Gross Fixed Capital Formation 86307.00 79618.00 86850.00 27407.00 MYR Million [+]
GDP per capita 12109.50 11720.70 12109.50 1354.00 USD [+]
GDP per capita PPP 28176.40 27271.90 28176.40 10556.60 USD [+]
GDP From Agriculture 24192.00 24593.00 27685.00 19362.00 MYR Million [+]
GDP From Construction 16064.00 16656.00 17207.00 6464.00 MYR Million [+]
GDP From Manufacturing 79011.00 75660.00 79327.00 45868.00 MYR Million [+]
GDP From Mining 26019.00 26111.00 27542.00 20435.00 MYR Million [+]
GDP From Services 199498.00 194836.00 204205.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 4.50 10.30 -6.20 2000 - 2019 percent Quarterly
Constant 2015=100, NSA




Country Last Previous
China 6.00 Sep/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
South Korea 2.00 Jun/19
Spain 2.00 Jun/19
Netherlands 1.80 Jun/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
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Japan 1.00 Jun/19
Russia 0.90 Jun/19
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Saudi Arabia 0.50 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Sep/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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