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. source: Department of Statistics, Malaysia

GDP Annual Growth Rate in Malaysia averaged 4.26 percent from 2000 until 2021, 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 January of 2022.

GDP Annual Growth Rate in Malaysia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 5.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Malaysia GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-13 04:00 AM Q2 16.1% -0.5% 14.3% 14%
2021-11-12 04:00 AM Q3 -4.5% 16.1% -1.3% -1.5%
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

News Stream
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
Malaysia Q2 GDP Annual Growth Hits Record High
Malaysia's economy advanced by 16.1% yoy in Q2 of 2021, rebounding sharply from a 0.5% contraction in Q1 and higher than market expectations of a 14.3% gain. This was the fastest growth in the economy since the series began in 2000, due to the reopening of more economic activities and a low base effect last year. Both household consumption (11.6% vs -1.5% in Q1) and fixed investment 16.5% vs -3.3%) recovered sharply. In addition, net external demand contributed positively to the GDP as both exports and imports surged 37.4% and 37.6%, respectively. Also, government spending grew faster (9.0% vs 5.9%). On the production side, output recovered for mining (13.9% vs -5%), services (13.4% vs -2.3%), construction (40.3% vs -10.4%), while manufacturing sectors expanded more (26.6% vs 6.6%). By contrast, production of agriculture fell (-1.5% vs 0.2%). On a seasonally adjusted quarterly basis, the economy shrank by 2.0%, reversing from a 2.7% rise in Q1.
2021-08-13
Malaysia Economy Shrinks Less than Estimated
Malaysia's economy contracted by 0.5% yoy in Q1 of 2021, after a 3.4% decline in Q4 2020 and better than market expectations of a 2.0% fall, due to the reopening of more economic activities in the wake of the Movement Control Order and following massive various stimulus packages by the government and central bank to support the recovery. Both household consumption (-1.5% vs -3.5% in Q4) and fixed investment (-3.3% vs -11.8%) shrank less. In addition, net external demand contributed positively to the GDP as both exports and imports grew 11.9% and 13.0%, respectively. At the same time, government spending accelerated (5.9% vs 2.4%). On the production side, output contracted less for mining (-5% vs -10.4%), services (-2.3% vs -4.8%), and construction (-10.4% vs -13.9%), while agriculture rebounded (0.4% vs -1%) and manufacturing sectors expanded faster (6.6% vs 3.0%). On a seasonally adjusted quarterly basis, the economy shrank by 2.7%, after a revised 1.5% drop in Q4.
2021-05-11

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.