Malaysia GDP Growth Rate

The Gross Domestic Product (GDP) in Malaysia expanded 0.80 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Malaysia averaged 1.28 Percent from 2000 until 2014, reaching an all time high of 5.90 Percent in the third quarter of 2009 and a record low of -7.60 Percent in the first quarter of 2009. GDP Growth Rate in Malaysia is reported by the Department of Statistics Malaysia.


Malaysia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.90 5.90 -7.60 2000 - 2014 Percent Quarterly
Malaysia is a rapidly developing economy in Asia. Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. The Government of Malaysia is continuing efforts to boost domestic demand to wean the economy off of its dependence on exports. Nevertheless, exports - particularly of electronics - remain a significant driver of the economy. This page provides - Malaysia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Malaysia GDP Advances 0.8% QoQ in Q1

Malaysian economy advanced a seasonally adjusted 0.8 percent quarter-on-quarter in the first three months of 2014, decelerating from a 1.9 percent expansion in the previous quarter.

The Q1 quarter-on-quarter growth rate is the lowest in the last five quarters, but compares with a 0.3 percent contraction in the first three months of 2013.

Year-on-year, the GDP expanded 6.2 percent from January to March, higher than a 5.1 percent increase in the last three months of 2013, driven by a recovery in exports.

In March, Bank Negara Malaysia said the GDP may rise 4.5 percent to 5.5 percent in 2014, up from 4.7 percent in 2013. The central bank expects growth to remain anchored by domestic demand, with additional support from the improvement in the external environment. It expects exports to benefit from the recovery in the advanced economies while private domestic demand is expected to remain the key driver of the overall growth. 

At its May 8th meeting, the central bank held the overnight policy rate at 3 percent for an 18th straight meeting, but signaled it may need to tighten monetary policy in the near future to curb financial imbalances like rising household debt.

Bank Negara Malaysia | Joana Taborda |
5/16/2014 12:53:09 PM

Recent Releases

Malaysian GDP Accelerates in Q4 2013
In the last quarter of 2013, Malaysian economy expanded at a faster pace of 2.1 percent over the previous quarter, up from 1.7 percent in the previous three-month period. Full 2013 growth rate decelerated to 4.7 percent, from 5.6 percent in 2012. Published on 2014-02-12

Malaysian Economy Grows 1.7% QoQ in Q3
In the third quarter of 2013, Malaysian GDP growth accelerated to a quarter-on-quarter seasonally adjusted 1.7 percent, up from 1.4 percent in the previous period. The significant improvement in private investment coupled with the turnaround in net exports also supported the momentum of the economy. Published on 2013-11-15

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-21 11:00 AM Malaysia
GDP Growth Rate QoQ
Q2 2013 1.4% -0.4% (R) 3.1% -4.36%
2013-11-15 10:00 AM Malaysia
GDP Growth Rate QoQ
Q3 2013 1.7% 1.4% 2.06%
2014-02-12 10:00 AM Malaysia
GDP Growth Rate QoQ
Q4 2013 2.1% 1.7% 1.35%
2014-05-16 11:00 AM Malaysia
GDP Growth Rate QoQ
Q1 2014 0.8% 1.9% (R) -0.1% 1.54%
2014-08-15 11:00 AM Malaysia
GDP Growth Rate QoQ
Q2 2014 0.8% 0.54%

GDP Last Previous Highest Lowest Unit
GDP 312.44 305.03 312.44 2.42 USD Billion [+]
GDP Growth Rate 0.80 1.90 5.90 -7.60 Percent [+]
GDP Annual Growth Rate 6.20 5.10 10.30 -6.20 Percent [+]
GDP Constant Prices 198641.00 206678.00 206678.00 130630.00 MYR Million [+]
Gross National Product 186.70 190.10 190.10 127.10 MYR Billion [+]
GDP per capita 6990.25 6786.19 6990.25 815.29 USD [+]
Gross Fixed Capital Formation 53974.00 55030.00 56158.00 27407.00 MYR Million [+]
GDP per capita PPP 14774.64 14223.40 14774.64 5063.36 USD [+]

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