Malaysia's economy shrank by 16.5 percent quarter-on-quarter in the June quarter of 2020, the most contraction since the series began in the second quarter 2000, after a 2 percent contraction in the previous quarter. source: Department of Statistics, Malaysia

GDP Growth Rate in Malaysia averaged 0.94 percent from 2000 until 2020, reaching an all time high of 5.50 percent in the third quarter of 2002 and a record low of -16.50 percent in the second quarter of 2020. This page provides - Malaysia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

GDP Growth Rate in Malaysia is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Malaysia to stand at 1.00 in 12 months time. In the long-term, the Malaysia GDP Growth Rate is projected to trend around 1.00 percent in 2021, according to our econometric models.

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Malaysia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-16.50 -2.00 5.50 -16.50 2000 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-15 04:00 AM Q3 0.9% 1.0% 1.1%
2020-02-12 04:00 AM Q4 0.6% 0.9% 1.1%
2020-05-13 04:00 AM Q1 -2% 0.6% -2.7%
2020-08-14 04:00 AM Q2 -16.5% -2% -4.6%
2020-11-13 04:00 AM Q3 -16.5% 6.5%

Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -16.50 -2.00 5.50 -16.50 percent [+]
GDP Annual Growth Rate -17.10 0.70 10.30 -17.10 percent [+]
GDP 364.70 358.58 364.70 1.90 USD Billion [+]
GDP Constant Prices 289564.00 344155.00 370128.00 130630.00 MYR Million [+]
Gross National Product 289.20 341.50 359.54 127.10 MYR Billion [+]
Gross Fixed Capital Formation 61337.00 75982.00 86871.00 27407.00 MYR Million [+]
GDP per capita 12478.20 12120.10 12478.20 1354.00 USD [+]
GDP per capita PPP 28350.60 27536.90 28350.60 10308.00 USD [+]
GDP From Agriculture 24527.00 22503.00 28030.00 19362.00 MYR Million [+]
GDP From Construction 8916.00 15350.00 17204.00 6464.00 MYR Million [+]
GDP From Manufacturing 64512.00 76745.00 81740.00 45868.00 MYR Million [+]
GDP From Mining 20891.00 25255.00 27542.00 20435.00 MYR Million [+]
GDP From Services 167439.00 201066.00 216950.00 99821.00 MYR Million [+]


Malaysia GDP Growth Rate
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.