Malaysia GDP Annual Growth Rate  2000-2016 | Data | Chart | Calendar

The Malaysian economy expanded by 4.2 percent year-on-year in the March quarter of 2016, moderating from a 4.5 percent growth in the previous period but slightly above market expectations of a 4.1 percent expansion. It is the weakest growth since the first quarter of 2013 as a faster increase in private and public consumption were not sufficient enough to offset a significant slowdown in investment and a decline in exports. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.0 percent, slowing from a 1.5 percent expansion in the previous three months. GDP Annual Growth Rate in Malaysia averaged 4.75 percent from 2000 until 2016, 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. GDP Annual Growth Rate in Malaysia is reported by the Department of Statistics Malaysia.

Malaysia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.20 4.50 10.30 -6.20 2000 - 2016 percent Quarterly
Constant 2005
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. Malaysia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-13 04:00 AM Q3 4.7% 4.9% 4.7% 4.80%
2016-02-18 04:00 AM Q4 4.5% 4.7% 4.3% 4.8%
2016-05-13 04:00 AM Q1 4.2% 4.5% 4.1% 4.2%
2016-08-12 04:00 AM Q2 4.2% 4.3%
2016-11-14 04:00 AM Q3 4.1%
2017-02-15 04:00 AM Q4 4.2%

Malaysia GDP Growth Weakest in 3 Years


The Malaysian economy expanded by 4.2 percent year-on-year in the March quarter of 2016, moderating from a 4.5 percent growth in the previous period but slightly above market expectations of a 4.1 percent expansion. It is the weakest growth since the first quarter of 2013 as a faster increase in private and public consumption were not sufficient enough to offset a significant slowdown in investment and a decline in exports.

In the first quarter, private consumption grew by 5.3 percent year-on-year, faster than a 4.9 percent growth in the previous quarter, supported by continued wage and employment growth. Public consumption expanded by 3.8 percent, accelerating from  a 3.3 percent increase in the December, due to higher spending on emoluments. Gross fixed capital formation rose 0.1 percent, slowing sharply from a 2.8 percent expansion in the fourth quarter. Private investment advanced by 2.2 percent, following a 4.9 percent in the preceding quarter. The slowdown was mainly attributable to the cautious business sentiments and lower investments in the upstream mining sector. In contrast, public investment declined by 4.5 percent, after growing 0.4 percent in the December quarter, due to lower spending on fixed assets by the public corporations.  Exports decreased by 0.5 percent, reversing from a 4.0 percent growth in the fourth quarter. Imports grew by 1.3 percent, as compared to a 4.0 percent rise in the previous three months.

On the production side, agriculture sector registered a contraction (-3.8 percent from +1.5 percent in the previous quarter), as as adverse weather conditions led to lower production of palm oil. In contrast, an expansion was seen in construction sector (+7.9 percent from +7.4 percent), services (+5.1 percent from +5.0 percent, supported by  continued expansion in domestic demand) and manufacturing sector (+4.5 percent from + 5.0 percent expansion, supported by the continued expansion in both export- and domestic-oriented industries, although at a slower pace.)   A rebound was seen in mining  sector (+0.3 percent from -1.3 percent, driven by an improvement in production of natural gas).

Moving forward, Malaysia's GDP is expected to  remain on a sustained growth path of 4–4.5 percent, despite the challenging economic environment globally and domestically.  Domestic demand will continue to be the principal driver of growth, sustained primarily by private sector spending. However, domestic consumption is expected to grow at a moderate pace as households continue to adjust to the higher cost of living. Overall investment is also expected to grow at a slower pace but will remain supported by the implementation of infrastructure development projects and capital spending in the manufacturing and services sectors.

On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.0 percent, slowing from a 1.5 percent expansion in the previous three months. 

Bank Negara Malaysia l Rida Husna | rida@tradingeconomics.com
5/13/2016 5:52:12 AM

Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.50 5.90 -7.60 percent [+]
GDP Annual Growth Rate 4.20 4.50 10.30 -6.20 percent [+]
GDP 338.10 323.34 338.10 2.42 USD Billion [+]
GDP Constant Prices 265088.00 277781.00 277781.00 130630.00 MYR Million [+]
Gross National Product 260.90 273.00 273.00 127.10 MYR Billion [+]
Gross Fixed Capital Formation 67629.00 67734.00 70250.00 27407.00 MYR Million [+]
GDP per capita 7304.14 6997.73 7304.14 986.48 USD [+]
GDP per capita PPP 23578.51 22589.37 23578.51 10159.20 USD [+]
GDP From Agriculture 20052.00 23533.00 26665.00 19362.00 MYR Million [+]
GDP From Construction 12558.00 11992.00 12558.00 6464.00 MYR Million [+]
GDP From Manufacturing 60616.00 63786.00 63786.00 45868.00 MYR Million [+]
GDP From Mining 24823.00 24134.00 24823.00 20435.00 MYR Million [+]
GDP From Services 143277.00 150389.00 150389.00 99821.00 MYR Million [+]




Last
South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Congo 7.70 Dec/15
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Mar/16
Djibouti 6.70 Dec/15
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Sierra Leone 6.57 Dec/14
Tajikistan 6.50 Mar/16
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Togo 6.00 Dec/15
Benin 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Kenya 5.60 Dec/15
Bhutan 5.50 Dec/14
Vietnam 5.46 Mar/16
Mozambique 5.30 Mar/16
Panama 5.30 Dec/15
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Kosovo 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Sao Tome and Principe 4.80 Dec/14
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Sweden 4.50 Dec/15
Peru 4.40 Mar/16
Romania 4.30 Mar/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Gabon 4.20 Dec/15
Malaysia 4.20 Mar/16
Cuba 4.00 Dec/15
Fiji 4.00 Dec/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovakia 3.30 Mar/16
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Comoros 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Thailand 3.20 Mar/16
Czech Republic 3.10 Mar/16
Mongolia 3.10 Mar/16
Australia 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Georgia 2.90 Dec/15
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
Cyprus 2.70 Mar/16
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
New Zealand 2.30 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Chile 2.00 Mar/16
United Kingdom 2.00 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Latvia 1.80 Mar/16
Namibia 1.80 Dec/15
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Belgium 1.50 Mar/16
Euro Area 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Netherlands 1.40 Mar/16
Austria 1.30 Mar/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Japan 0.70 Dec/15
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Guinea 0.10 Dec/15
Ukraine 0.10 Mar/16
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Greece -1.20 Mar/16
Russia -1.20 Mar/16
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Iraq -2.10 Dec/14
Syria -2.30 Dec/11
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Burundi -4.10 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Libya -6.00 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Yemen -28.10 Dec/15