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. 2014-04-24

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

TO

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%
[+]

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 [+]
[+]


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.


RELATED NEWS

Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Malaysian Trade Surplus Widens To Highest in Nearly 2 Years  
Trade surplus in Malaysia increased to MYR 10.4 billion in February of 2014, up from MYR 8.2 billion a year earlier. Exports expanded at a double-digit 12.3 percent on the year due to a strong rise in electronic sales, liquefied natural gas products and machinery. Imports increased 9.5 percent.
Malaysian Inflation Rate Rises Further in February  
Malaysian annual inflation rate accelerated for the sixth consecutive month to 3.5 percent, the highest in 32 months, due to higher housing utilities and transport cost.
Malaysia Trade Surplus Widens 94% in January over a Year Earlier  
In the first month of 2014, Malaysian trade deficit increased to MYR 6.4 billion from MYR 3.2 billion a year earlier due to higher trade with China and the European Union.
Malaysian Central Bank Leaves Benchmark Rate on Hold at 3%  
In its March 6th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent as widely expected, reiterating that a slowdown in domestic spending will contain the inflation rate.
Malaysia Inflation Rate Edges Up to 27-Month High  
In January of 2014, Malaysian annual inflation rate accelerated for the fifth consecutive month to 3.4 percent, the highest rate since October of 2011, due to higher food, transport and electricity prices.
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.
Malaysia GDP Expands 5.1% in Q4 2013  
In the fourth quarter of 2013, Malaysian economy accelerated to an annual growth rate of 5.1 percent, the fastest pace in the last four quarters, supported by private sector demand and an improvement in exports.
Malaysian Trade Surplus Shrinks Slightly in December  
In December of 2013, Malaysian trade surplus decreased slightly top MYR 9.47 billion, from MYR 9.7 billion in November. Yet, compared with the same month last year, the surplus widened from MYR 8.46 billion, as exports surged 14.4 percent.
Malaysia Monetary Policy Unchanged in January  
In its January 29th, 2014 meeting, Bank Negara Malaysia decided to leave the overnight policy rate unchanged at 3 percent, saying that inflationary pressures are expected to be tempered by a slow down in domestic demand.
MORE RELATED NEWS

LATEST NEWS

South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News