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 June 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.

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Malaysia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-11 04:00 AM Q4 3.6% -4.5% 3.3% 3.5%
2022-05-13 04:00 AM Q1 5% 3.6% 4% 3.8%
2022-08-12 04:00 AM Q2 5%


Related Last Previous Unit Reference
GDP Growth Rate 3.90 4.60 percent Mar 2022
GDP Annual Growth Rate 5.00 3.60 percent Mar 2022
GDP Constant Prices 360239.00 370672.00 MYR Million Mar 2022
Gross National Product 346.60 360.50 MYR Billion Mar 2022
Gross Fixed Capital Formation 73632.00 68586.00 MYR Million Mar 2022
GDP From Services 209560.00 213263.00 MYR Million Mar 2022
GDP From Mining 24066.00 23619.00 MYR Million Mar 2022
GDP From Manufacturing 87191.00 91910.00 MYR Million Mar 2022
GDP From Construction 12922.00 12565.00 MYR Million Mar 2022
GDP From Agriculture 22604.00 24960.00 MYR Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 3.60 15.90 -17.20 2000 - 2022 percent Quarterly
Constant 2015=100, NSA

News Stream
Malaysia GDP Growth Accelerates to 5% in Q1
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%.
2022-05-13
Malaysia Q4 GDP Growth Beats Estimates
Malaysia's economy grew by 3.6% yoy in Q4 of 2021, rebounding sharply from a 4.5% contraction in Q3 and above market consensus of a 3.3% gain. There was a sharp rebound in household consumption (3.7% vs -4.2% in Q3), boosted by further easing of COVID-19 curbs and surging vaccinations. Also, trade activity was strong, with exports rising faster 14.6% (vs 11.7% in Q3). In addition, fixed investment shrank much less (-3.3% vs -10.8%). by contrast, government spending growth eased sharply (4.3% vs 8.1%). On the production side, output rebounded for services (3.2% vs -4.9%), manufacturing (9.1% vs -0.8%), and agriculture (2.8% vs -1.9%), amid a slower falls in both mining (-0.9% vs -3.6%) and construction (-12.2% vs -20.6%). On a seasonally adjusted quarterly basis, the GDP expanded 6.6%, recovering from a 3.6% drop in Q3. For the whole year of 2021, the economy advanced 3.1 percent, recovering from a 5.6 percent fall in 2020 while staying below its pre-pandemic level in 2019.
2022-02-11
Malaysia Q3 Economy Shrinks More than Expected
Malaysia's economy shrank by 4.5% yoy in Q3 of 2021, reversing from a record high growth of 16.1% in Q2 and compared with market consensus of a 1.3% drop, dragged down by strict restrictions to contain rising cases of the Delta strain, particularly in July. Both household consumption (-4.2% vs 11.7% in Q2) and fixed investment -10.8% vs 16.5%) declined sharply, while net external demand contributed negatively to the GDP as exports rose 5.1% (vs 37.4% in Q2), while imports grew at a faster 11.7% (vs 37.6% in Q2). At the same time, government spending growth slowed (8.1% vs 9.0%). On the production side, output fell for mining (-3.6% vs 13.9%), services (-4.9.4% vs 13.5%), construction (-20.6% vs 40.3%), manufacturing (-0.8% vs 26.6%), and agriculture (-1.9% vs -1.5%). Still, the economy is projected to grow between 3% to 4% this year, amid a ramped-up in vaccination drive. On a seasonally adjusted quarterly basis, the GDP contracted 3.6%, after a downwardly revised 1.9% fall in Q2.
2021-11-12