Malaysia's economy expanded 4.4 percent year-on-year in the third quarter of 2019, following a 4.9 percent growth in the previous three-month period and matching market expectations. This was the weakest GDP growth since the third quarter last year on the back of heightening global uncertainty and ongoing trade tensions. Growth was mainly driven by rises in both private consumption and government spending, with net exports contributing positively, while fixed investment contracted further. On a quarterly basis, the economy grew by 0.9 percent in the third quarter, after a 1.0 percent advance in the June quarter.
GDP Annual Growth Rate in Malaysia averaged 4.79 percent from 2000 until 2019, 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. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Department of Statistics, Malaysia
GDP Annual Growth Rate in Malaysia is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Malaysia to stand at 4.40 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.