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.