Malaysia GDP Annual Growth Rate 2000-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Malaysia expanded 5.60 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Malaysia averaged 4.68 Percent from 2000 until 2014, 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

Actual Previous Highest Lowest Dates Unit Frequency
5.60 6.50 10.30 -6.20 2000 - 2014 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 Sunday, November 23, 2014.

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.

The manufacturing sector expanded 5.3 percent year-on-year, following a 7.3 percent growth in the second quarter, as domestic-oriented activities weakened. The services sector grew 6.1 percent, slightly down from a 6.2 percent expansion in the second quarter. The agriculture sector grew 4.0 percent after registering a strong performance of 7.1 percent in the preceding quarter. The slowdown in agriculture was attributed to a weaker output of palm oil and rubber. The mining sector shrank 1.4 percent from a 2.1 percent expansion in the previous quarter, due to lower production of natural gas and condensates.

On the expenditure side, private investment decelerated by 6.8 percent year-on-year, after registering a 12.1 percent growth in the second quarter, mainly due to a decline in spending on machinery and equipment, particularly in the transportation segment. Public investment declined further by 8.9 percent,  following a 3.3 percent contraction in the previous quarter, mainly attributed to the near completion of few projects by public enterprises and the continued contraction in the government expenditure. Public consumption expanded 5.3 percent, reversing from a 0.5 percent decline in April to June quarter, as government spending increased. Private consumption expanded 6.7 percent, following a 6.5 percent expansion in the June quarter, supported by stable labor market and continued wage growth.

Going forward, Malaysia's GDP is expected to remain on a steady growth path between 5.5 to 6.0 percent this year, driven by resilient domestic demand amid moderate exports. For 2015, the economy is projected to expand by 5.0 to 6.0 percent.  

Bank Negara Malaysia l Rida l
11/14/2014 8:41:21 AM

Recent Releases

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

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-16 11:00 AM
GDP Growth Rate YoY  Q1 2014
6.2% 5.1% 5.5% 5.69%
2014-08-15 07:30 AM
GDP Growth Rate YoY  Q2 2014
6.4% 6.2% 5.8% 5.03%
2014-11-14 04:00 AM
GDP Growth Rate YoY  Q3 2014
5.6% 6.5% (R) 5.6% 6.4%

Malaysia GDP Last Previous Highest Lowest Unit
GDP 312.44 305.03 312.44 2.42 USD Billion [+]
GDP Growth Rate 0.90 1.90 5.90 -7.60 percent [+]
GDP Annual Growth Rate 5.60 6.50 10.30 -6.20 percent [+]
GDP Constant Prices 211738.00 205778.00 211738.00 130630.00 MYR Million [+]
Gross National Product 195.70 191.60 195.70 127.10 MYR Billion [+]
GDP per capita 6990.25 6786.19 6990.25 815.29 USD [+]
Gross Fixed Capital Formation 56663.00 60033.00 60033.00 27407.00 MYR Million [+]
GDP per capita PPP 22555.79 21897.32 22555.79 10154.87 USD [+]