Malaysia's economy contracted by 0.5% yoy in Q1 of 2021, after a 3.4% decline in Q4 2020 and better than market expectations of a 2.0% fall, due to the reopening of more economic activities in the wake of the Movement Control Order and following massive various stimulus packages by the government and central bank to support the recovery. Both household consumption (-1.5% vs -3.5% in Q4) and fixed investment (-3.3% vs -11.8%) shrank less. In addition, net external demand contributed positively to the GDP as both exports and imports grew 11.9% and 13.0%, respectively. At the same time, government spending accelerated (5.9% vs 2.4%). On the production side, output contracted less for mining (-5% vs -10.4%), services (-2.3% vs -4.8%), and construction (-10.4% vs -13.9%), while agriculture rebounded (0.4% vs -1%) and manufacturing sectors expanded faster (6.6% vs 3.0%). On a seasonally adjusted quarterly basis, the economy shrank by 2.7%, after a revised 1.5% drop in Q4. source: Department of Statistics, Malaysia

GDP Annual Growth Rate in Malaysia averaged 4.22 percent from 2000 until 2021, reaching an all time high of 10.30 percent in the first quarter of 2010 and a record low of -17.10 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 May of 2021.

GDP Annual Growth Rate in Malaysia is expected to be 14.00 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 3.40 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Malaysia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -3.40 10.30 -17.20 2000 - 2021 percent Quarterly
Constant 2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 04:00 AM Q2 -17.1% 0.7% -10% -9.7%
2020-11-13 04:00 AM Q3 -2.7% -17.1% -3.2% -5.0%
2021-02-11 04:00 AM Q4 -3.4% -2.6% -3.1% -2.5%
2021-05-11 04:00 AM Q1 -0.5% -3.4% -2% -1.7%
2021-08-13 04:00 AM Q2 -0.5%
2021-11-12 04:00 AM Q3


News Stream
Malaysia Economy Shrinks Less than Estimated
Malaysia's economy contracted by 0.5% yoy in Q1 of 2021, after a 3.4% decline in Q4 2020 and better than market expectations of a 2.0% fall, due to the reopening of more economic activities in the wake of the Movement Control Order and following massive various stimulus packages by the government and central bank to support the recovery. Both household consumption (-1.5% vs -3.5% in Q4) and fixed investment (-3.3% vs -11.8%) shrank less. In addition, net external demand contributed positively to the GDP as both exports and imports grew 11.9% and 13.0%, respectively. At the same time, government spending accelerated (5.9% vs 2.4%). On the production side, output contracted less for mining (-5% vs -10.4%), services (-2.3% vs -4.8%), and construction (-10.4% vs -13.9%), while agriculture rebounded (0.4% vs -1%) and manufacturing sectors expanded faster (6.6% vs 3.0%). On a seasonally adjusted quarterly basis, the economy shrank by 2.7%, after a revised 1.5% drop in Q4.
2021-05-11
Malaysia Q4 Economy Shrinks More than Expected
Malaysia's economy shrank by 3.4% yoy in Q4 of 2020, after a marginally revised 2.6% contraction in Q3 and worse than market expectations of a 3.1% fall, reflecting the negative impact of measures taken both globally and domestically to contain the spread of the COVID-19 pandemic. Both household consumption (-3.4% vs -2.1%) and fixed investment (-11.9% vs -11.6%) fell faster. In addition, net external demand contributed negatively to the GDP as both exports and imports dropped, while government spending growth eased (2.7% vs 6.9%). On the production side, output contracted more for mining, services, agriculture, and construction, while manufacturing sectors grew less. On a seasonally adjusted quarterly basis, the economy shrank by 0.3%, after a record 18.2% growth in Q3. For 2020 as a whole, the economy shrank by 5.6%, the steepest contraction since the 1998 Asian financial crisis, reversing from a 4.3% expansion in 2019.
2021-02-11
Malaysia Q3 Economy Shrinks Less than Expected
Malaysia's economy shrank by 2.7% year-on-year in the third quarter of 2020, after a 17.1% contraction in the previous quarter and better than market expectations of a 3.2% contraction, reflecting the negative impact of measures taken both globally and domestically to contain the spread of the COVID-19 pandemic. Household consumption fell 2.1% (vs -18.5% in Q2), while fixed investment plunged 11.6% (vs -28.9% in Q2). In addition, net external demand contributed negatively to the GDP as both exports and imports dropped, while government spending growth accelerated (6.9% vs 5.0%). On the production side, output contracted less for mining and quarrying, services, and construction, while manufacturing sectors rebounded sharply. Conversely, production of agriculture shrank. On a seasonally adjusted quarterly basis, the economy grew sharply by 18.2 percent, the most expansion since the series began in the second quarter 2000, rebounding from a 16.5 percent contraction in Q2.
2020-11-13
Malaysia Economy Shrinks the Most Since 1998
Malaysia's economy shrank by 17.1 percent year-on-year in the second quarter of 2020, the first contraction since the third quarter 2009, and the steepest fall since the fourth quarter of 1998 and worse than market expectations of a 10 percent contraction, reflecting the negative impact of measures taken both globally and domestically to contain the spread of the COVID-19 pandemic. Household consumption slumped 18.5% (vs 6.7% in Q1), while fixed investment plunged 28.9% (vs -4.6% in Q1). In addition, net external demand contributed negatively to the GDP as both exports and imports fell sharply, while government spending growth eased. On the production side, the services and manufacturing sectors contracted, while mining & quarrying, construction dropped at a faster rate. By contrast, production of agriculture rebounded. On a seasonally adjusted quarterly basis, the economy shrank by 16.5 percent, the most contraction since the series began in the second quarter 2000.
2020-08-14

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.