The Gross Domestic Product (GDP) in Malaysia contracted 3.60 percent in the third quarter of 2021 over the previous quarter. source: Department of Statistics, Malaysia

GDP Growth Rate in Malaysia averaged 1.06 percent from 2000 until 2021, reaching an all time high of 17.30 percent in the third quarter of 2020 and a record low of -16.10 percent in the second quarter of 2020. This page provides - Malaysia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Growth Rate in Malaysia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia GDP Growth Rate is projected to trend around 0.80 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Malaysia GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-13 04:00 AM Q2 -2.0% 2.7% 1.4%
2021-11-12 04:00 AM Q3 -3.6% -1.9% -0.3%
2022-02-11 04:00 AM Q4


Related Last Previous Unit Reference
GDP Growth Rate -3.60 -1.90 percent Sep/21
GDP Annual Growth Rate -4.50 16.10 percent Sep/21
GDP Constant Prices 335815.00 336345.00 MYR Million Sep/21
Gross National Product 329.40 331.40 MYR Billion Sep/21
Gross Fixed Capital Formation 65027.00 71450.00 MYR Million Sep/21
GDP From Services 190435.00 189890.00 MYR Million Sep/21
GDP From Mining 20934.00 23992.00 MYR Million Sep/21
GDP From Manufacturing 81907.00 81699.00 MYR Million Sep/21
GDP From Construction 11815.00 12589.00 MYR Million Sep/21
GDP From Agriculture 27464.00 24130.00 MYR Million Sep/21
Malaysia GDP 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.