The Malaysian economy expanded 4.4 percent year-on-year in the third quarter of 2018, following a 4.5 percent expansion in the previous three-month period and below market consensus of 4.6 percent. It was the weakest growth rate since the third quarter of 2016, as net external demand contributed negatively to GDP growth, while investment, private consumption, and government spending continued to rise at a solid pace. GDP Annual Growth Rate in Malaysia averaged 4.80 percent from 2000 until 2018, 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.

Malaysia GDP Annual Growth Rate
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Malaysia Q3 GDP Growth Weakest in 2 Years


The Malaysian economy expanded 4.4 percent year-on-year in the third quarter of 2018, following a 4.5 percent expansion in the previous three-month period and below market consensus of 4.6 percent. It was the weakest growth rate since the third quarter of 2016, as net external demand contributed negatively to GDP growth, while investment, private consumption, and government spending continued to rise at a solid pace.

In the third quarter, exports went down by 0.8 percent, reversing a 2.0 percent rise in the June quarter. Imports edged up 0.1 percent, slowing from a 2.1 percent rise in the previous three months.
 
Private expenditure increased by 9.0 percent, following a 8.0 percent advance in the previous period, driven by higher consumption of food & beverages, communication, and transport and restaurants & hotels. Also, gross fixed capital formation grew 3.2 percent, faster than a 2.2 percent expansion in the preceding quarter, mainly due to a rise in machinery & equipment investment; and government spending went up 5.2 percent, faster than a 3.1 percent increase in the prior three months.
 
On the production side, growth slowed for construction (4.6 percent vs 4.7 percent in Q2). Additionally, the mining & quarrying sector contracted more than in a quarter earlier (-4.6 percent vs -2.2 percent) and the agriculture sector continued to shrink (-1.4 percent vs -2.5 percent). On the positive note, services output expanded by 7.2 percent, compared to a 6.5 percent growth in the second quarter and manufacturing output also grew faster (5.0 percent vs 4.9 percent). 

On a quarter-on-quarter seasonally-adjusted basis, the GDP advanced by 1.6 percent in the third quarter, the strongest grew since the third quarter of 2017.
  
Moving forward, economic growth is estimated to remain on a steady growth path in 2018, driven mainly by domestic demand amid the reprioritization of public sector expenditure. Meanwhile, a gradual recovery in commodity production will also provide support to GDP growth going into 2019.
 
Headline inflation is expected to rise mainly due to higher oil prices and following the impact of consumption tax policy in 2019.


Department of Statistics, Malaysia | Chusnul Ch Manan | chusnul@tradingeconomics.com
11/16/2018 12:18:33 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-17 04:00 AM GDP Growth Rate YoY 5.4% 5.9% 5.5% 5.7%
2018-08-17 04:00 AM GDP Growth Rate YoY 4.5% 5.4% 5.2% 5.1%
2018-11-16 04:00 AM GDP Growth Rate YoY 4.4% 4.5% 4.6% 5%


Malaysia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 0.30 5.50 -5.90 percent [+]
GDP Annual Growth Rate 4.40 4.50 10.30 -6.20 percent [+]
GDP 314.50 296.54 338.06 1.90 USD Billion [+]
GDP Constant Prices 311704.00 300089.00 311704.00 130630.00 MYR Million [+]
Gross National Product 300.10 291.20 301.20 127.10 MYR Billion [+]
Gross Fixed Capital Formation 76819.00 79177.00 79177.00 27407.00 MYR Million [+]
GDP per capita 11521.45 11031.80 11521.45 1408.60 USD [+]
GDP per capita PPP 26808.16 25668.90 26808.16 10551.60 USD [+]
GDP From Agriculture 25709.00 21948.00 26690.00 19362.00 MYR Million [+]
GDP From Construction 14517.00 13530.00 14517.00 6464.00 MYR Million [+]
GDP From Manufacturing 71586.00 70844.00 71586.00 45868.00 MYR Million [+]
GDP From Mining 22630.00 23832.00 25424.00 20435.00 MYR Million [+]
GDP From Services 174438.00 166028.00 174438.00 99821.00 MYR Million [+]


Malaysia GDP Annual 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. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.50 10.30 -6.20 2000 - 2018 percent Quarterly
Constant 2005




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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