Malaysia's economy grew 5.1% in 2024, exceeding the government's 4%–5% target and accelerating from a downwardly revised 3.6% in 2023. According to the central bank, growth was driven by stronger household spending, supported by favorable labor market conditions, policy measures, and healthy household balance sheets. Investment growth also picked up, fueled by strong investment approvals and progress on multi-year projects in both the private and public sectors. Externally, economic expansion was supported by recovering exports amid steady global growth, the ongoing tech upcycle, and increased tourist arrivals and spending. source: Department of Statistics, Malaysia
Full Year GDP Growth in Malaysia increased to 5.10 percent in 2024 from 3.60 percent in 2023. Full Year GDP Growth in Malaysia averaged 4.42 percent from 2006 until 2024, reaching an all time high of 8.90 percent in 2022 and a record low of -5.50 percent in 2020. This page includes a chart with historical data for Malaysia Full Year GDP Growth. Malaysia Full Year GDP Growth - values, historical data and charts - was last updated on September of 2025.
Full Year GDP Growth in Malaysia increased to 5.10 percent in 2024 from 3.60 percent in 2023. Full Year GDP Growth in Malaysia is expected to reach 4.60 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Full Year GDP Growth is projected to trend around 4.40 percent in 2026 and 4.70 percent in 2027, according to our econometric models.