Malaysia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Malaysia expanded 5.10 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Malaysia is reported by the Department of Statistics Malaysia. GDP Annual Growth Rate in Malaysia averaged 4.65 Percent from 2000 until 2013, reaching an all time high of 10.30 Percent in the first quarter of 2010 and a record low of -6.20 Percent in the first quarter of 2009. 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. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.10 5.00 10.30 -6.20 5.03 | 2014/06 2000 - 2013 Percent Quarterly
Constant 2005

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Malaysia GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-15 10:00 AM Malaysia
GDP Growth Rate YoY
Q1 2013 4.1% 6.5% (R) 4.8%
2013-08-21 11:00 AM Malaysia
GDP Growth Rate YoY
Q2 2013 4.3% 4.1% 4.45% 2.16%
2013-11-15 10:00 AM Malaysia
GDP Growth Rate YoY
Q3 2013 5.0% 4.4% (R) 4.8% 4.71%
2014-02-12 10:00 AM Malaysia
GDP Growth Rate YoY
Q4 2013 5.1% 5.0% 4.8% 4%
2014-05-14 10:00 AM Malaysia
GDP Growth Rate YoY
Q1 2014 5.1% 3.99%
2014-08-13 10:00 AM Malaysia
GDP Growth Rate YoY
Q2 2014 5.03%
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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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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.

Private consumption growth remained high in the fourth quarter, although the pace of expansion moderated (7.3 percent from 8.2 percent in the previous quarter). Household spending continued to be supported by stable employment conditions and sustained wage growth, especially in the domestic-oriented sectors. Growth in public consumption moderated to 5.1 percent (Q3 2013: 7.8 percent), reflecting lower government spending on emoluments.  

Gross fixed capital formation grew by 5.8 percent (Q3 2013: 8.6 percent), led by robust private sector capital spending amidst a contraction in public investment growth. Growth in private investment improved to 16.5 percent (Q3 2013: 15.2 percent), on account of higher capital spending in the services and manufacturing sectors. Public investment declined by 2.7 percent (Q3 2013: -1.3 percent), reflecting moderating capital spending by the public enterprises amid a smaller contraction in Federal Government development expenditure. 

Both exports and imports grew at a faster pace (2.9 percent and 4.4 percent, respectively), largely reflecting the improvement in the global economy and the sustained expansion of domestic demand respectively. 

On the supply side, all sectors posted positive growth rates, except mining and quarrying (-1.5 percent), due to lower production of rubber, palm oil and crude oil.

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 2.1 percent (1.7 percent in the previous three-month period). For the year 2013, the GDPgrew by 4.7 percent.


Bank Negara Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
2/12/2014 10:58:22 AM

RECENT RELEASES

Malaysian GDP Growth Beats Estimates in Q3
In the third quarter of 2013, Malaysian economy advanced 5 percent over a year earlier, outpacing the second quarter growth of 4.4 percent. The economy accelerated for the third consecutive quarter, led by higher production in services, manufacturing and construction. Published on 2013-11-15

Malaysian Economy Expands 4.3% YoY in Q2
In the second quarter of 2013, Malaysian GDP grew at 4.3 percent year-on-year, up from 4.1 percent in the previous quarter. While private consumption continues to be supported by stable employment conditions and sustained wage growth, exports shrank for the fourth consecutive quarter, hurt by weak global demand. Published on 2013-08-21


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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