Malaysia's economy advanced by 8.9% yoy in Q2 of 2022, accelerating sharply from a 5.0% growth in Q1 and easily beating market consensus of a 6.7% rise. It was the strongest GDP growth since Q2 2021, mainly boosted by domestic demand as the economy re-emerged from COVID curbs. Household consumption picked up strongly (18.3% vs 5.5% in Q1), as did fixed investment (5.8% vs 0.2%). Meantime, government spending moderated notably (2.6% vs 6.7%, while net external trade contributed negatively as exports rose 10.4% while imports gained 14%. On the production side, output accelerated for both services (12.0% vs 6.5%) and manufacturing (9.2% vs 6.6%), while those of construction rebounded (2.4% vs -6.2%). Meantime, activity continued to fall for both mining (-0.5% vs -1.1%) and agriculture (-2.4% vs 0.1%). On a seasonally adjusted quarterly basis, the GDP expanded 3.5%, following a downwardly revised 3.8% gain in Q1. Considering H1 2022, the economy grew by 6.9% yoy. source: Department of Statistics, Malaysia
GDP Annual Growth Rate in Malaysia averaged 4.31 percent from 2000 until 2022, reaching an all time high of 15.90 percent in the second quarter of 2021 and a record low of -17.20 percent in the second quarter of 2020. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
GDP Annual Growth Rate in Malaysia is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 4.80 percent in 2023 and 4.30 percent in 2024, according to our econometric models.