Malaysia GDP Annual Growth Rate 2000-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Malaysia expanded 5.60 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Malaysia averaged 4.77 percent from 2000 until 2015, 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.

      Forecast
Malaysia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.70 10.30 -6.20 2000 - 2015 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. Content for - Malaysia GDP Annual Growth Rate - was last refreshed on Saturday, July 4, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-14 04:00 AM Q3 5.6% 6.5% (R) 5.6% 6.4%
2015-02-12 04:00 AM Q4 5.8% 5.6% 5.0% 4.91%
2015-05-15 05:00 AM Q1 5.6% 5.7% (R) 5.5% 5.37%
2015-08-13 04:00 AM Q2 5.6% 5.36%
2015-11-12 04:00 AM Q3 5.03%


Malaysia GDP Growth Above Forecasts


The Malaysian economy advanced 5.6 percent year-on-year in the first quarter of 2015, moderating from a revised 5.7 percent expansion in the previous period but better than market expectations. The private sector remained the key driver of growth while exports contracted.

On the expenditure side, private consumption advanced 8.8 percent year-on-year, accelerating from a 7.6 percent growth in the last quarter of 2014. The robust expansion was mainly supported by stable labor market conditions and higher wage growth and the flood relief efforts early in the year. The front-loading of household spending prior to the implementation of the Goods and Services Tax (GST) also contributed to the growth. Public consumption expanded by 4.1 percent, advancing from a 2.5 growth in the preceding quarter, due to higher growth in supplies and services amid moderate growth in emoluments. 
 
Private investment grew by 11.7 percent, up from 11.1 percent in the December quarter. Public investment grew by 0.5 percent, rebounding from a 1.9 percent contraction in the previous period, mainly due to higher capital spending by the Federal Government.
 
Exports declined by 0.6 percent, slowing from 1.9 percent growth in the preceding quarter, due to sluggish in exports of services and moderation in exports of goods. Imports increased by 1.0 percent from a 2.6 percent rise in October to December, following a moderation in both imports of goods and services.
 
On the production side, the services sector recorded a steady growth of 6.4 percent, underpinned by growth in all sub-sectors, particularly consumption-related sub-sectors. The manufacturing sector rose 5.6  percent year-on-year, from a 5.4 percent expansion in the previous quarter, mainly driven by stronger performance in the exports-oriented industries, particularly the electronics and electrical (E&E) cluster. The construction sector was supported mainly by the non-residential and residential sub-sectors. The mining and quarrying sector grew by 9.6 percent, mainly due to higher crude oil production. Meanwhile, the agriculture sector contracted as a result of lower palm oil production, arising from flood-related disruptions.
 
Moving forward, Malaysia's GDP is expected to remain on a steady growth path with domestic demand remaining as the key driver of growth amid falling oil prices. Investment is projected to remain resilient with continued capital spending by both the private and public sectors. While private consumption is expected to moderate as households adjust to the introduction of GST, the steady rise of income and stable labor market would support household spending.
 
On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.2 percent, slowing from a revised 1.8 percent expansion in the previous three months.

Bank Negara Malaysia | Rida Husna | rida@tradingeconomics.com
5/15/2015 9:37:41 AM


Recent Releases

Malaysia GDP Beats Forecast in Q4
The Malaysian economy expanded 5.8 percent in the fourth quarter of 2014, accelerating from a 5.6 percent growth reported from July to September mainly driven by a rise in private consumption and investment.
Published on 2015-02-12

Malaysia GDP Growth Slows in Q3
The Malaysian economy expanded 5.6 percent in the third quarter of 2014, decelerating from a revised 6.5 percent growth reported from April to June, as all sectors of the economy rose at a slower pace.
Published on 2014-11-14

Malaysian GDP Growth Beats Expectations in Q1
Malaysia's economy advanced 6.2 percent year-on-year in the first three months of 2014, its fastest pace in five quarters, driven by resilient domestic demand and stronger exports.
Published on 2014-05-16

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.
Published on 2014-02-12


Malaysia GDP Last Previous Highest Lowest Unit
GDP 312.44 305.03 312.44 2.42 USD Billion [+]
GDP Growth Rate 1.20 1.80 5.90 -7.60 percent [+]
GDP Annual Growth Rate 5.60 5.70 10.30 -6.20 percent [+]
GDP Constant Prices 254386.00 265753.00 265753.00 130630.00 MYR Million [+]
Gross National Product 246.50 252.60 252.60 127.10 MYR Billion [+]
GDP per capita 6990.25 6786.19 6990.25 815.29 USD [+]
Gross Fixed Capital Formation 67610.00 65917.00 67610.00 27407.00 MYR Million [+]
GDP per capita PPP 22555.79 21897.32 22555.79 10154.87 USD [+]
Gdp From Agriculture 20689.00 23221.00 26040.00 19362.00 MYR Million [+]
Gdp From Construction 11659.00 11161.00 11659.00 6464.00 MYR Million [+]
Gdp From Manufacturing 57967.00 60762.00 60762.00 45868.00 MYR Million [+]
Gdp From Mining 24719.00 24479.00 24719.00 20435.00 MYR Million [+]
Gdp From Services 136380.00 143293.00 143293.00 99821.00 MYR Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Mar/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.50 Mar/15 2.70 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.80 -4.40 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.90 Mar/15 3.40 9.80 -5.80 percent [+]
United States 2.90 Mar/15 2.40 13.40 -4.10 percent [+]