Malaysia GDP Growth Rate

The Gross Domestic Product (GDP) in Malaysia expanded 2.10 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Malaysia is reported by the Department of Statistics Malaysia. GDP Growth Rate in Malaysia averaged 1.29 Percent from 2000 until 2013, 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. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.10 1.70 5.90 -7.60 0.54 | 2014/06 2000 - 2013 Percent Quarterly

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Malaysia GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-15 11:00 AM Malaysia
GDP Growth Rate QoQ
Q1 2013 -4.9% 2.9%
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%
2014-05-14 10:00 AM Malaysia
GDP Growth Rate QoQ
Q1 2014 2.1% 0.74%
2014-08-13 10:00 AM Malaysia
GDP Growth Rate QoQ
Q2 2014 0.54%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Annual Growth Rate 5.10 2013-12-31 5.00 10.30 -6.20 5.03 2014-06-30 Percent [+]
GDP Growth Rate 2.10 2013-12-31 1.70 5.90 -7.60 0.54 2014-06-30 Percent [+]
GDP Constant Prices 206334.00 2013-11-15 200542.00 206334.00 130630.00 206222.81 2014-06-30 MYR Million [+]
Gross Fixed Capital Formation 54960.00 2013-11-15 56029.00 56158.00 27407.00 58092.93 2014-06-30 MYR Million [+]
Gross National Product 190.10 2013-11-15 187.10 190.10 127.10 188.76 2014-06-30 MYR Billion [+]
GDP per capita 6764.51 2012-12-31 6512.13 6764.51 815.29 6933.34 2014-06-30 USD [+]
GDP per capita PPP 14774.64 2012-12-31 14223.40 14774.64 5063.36 15143.39 2014-06-30 USD [+]
GDP 303.53 2012-12-31 287.93 303.53 2.42 343.04 2014-06-30 USD Billion [+]
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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.

On the production side, manufacturing recorded the highest growth rate (3.8 percent), followed by construction (3.3 percent) and mining and quarrying (2.7 percent). Services increased a seasonally adjusted 1.6 percent and agriculture grew at a slower pace of 1.3 percent (Q3 2013: 5.5 percent).

On the expenditure side, only government consumption and imports expanded at a faster pace than in the previous quarter (government: +0.9 percent, from -4.7 percent in Q3; imports: 0.7 percent versus 0.6 percent in Q3 2013). Private consumption declined to 1.0 percent (Q3 2013: 2.7 percent), investment decelerated to 1.8 percent (3.9 percent in Q3 2013) and exports rose 2.5 percent (3.8 percent in Q3 2013).

Year-on-year, the GDP grew at its fastest pace in four quarters by 5.1 percent, supported by private sector demand and an improvement in exports. 

Department of Statistics, Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
2/12/2014 12:12:31 PM

RECENT RELEASES

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

Malaysian GDP Expands 1.4% QoQ in Q2
In the second quarter of 2013, Malaysian GDP grew at a seasonally adjusted 1.4 percent over the previous quarter, recovering from the first quarter's 0.4 percent contraction. Published on 2013-08-21


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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