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.

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Malaysia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-13 04:00 AM Q1 5% 3.6% 4% 3.8%
2022-08-12 04:00 AM Q2 8.9% 5% 6.7% 7%
2022-11-11 04:00 AM Q3 8.9%


Related Last Previous Unit Reference
GDP Growth Rate 3.50 3.80 percent Jun 2022
GDP Annual Growth Rate 8.90 5.00 percent Jun 2022
GDP Constant Prices 366180.00 360239.00 MYR Million Jun 2022
Gross National Product 358.70 346.60 MYR Billion Jun 2022
Gross Fixed Capital Formation 75511.00 73632.00 MYR Million Jun 2022
GDP from Services 212812.00 209560.00 MYR Million Jun 2022
GDP from Mining 23531.00 24066.00 MYR Million Jun 2022
GDP from Manufacturing 89153.00 87191.00 MYR Million Jun 2022
GDP from Construction 12929.00 12922.00 MYR Million Jun 2022
GDP from Agriculture 23472.00 22604.00 MYR Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.90 5.00 15.90 -17.10 2000 - 2022 percent Quarterly
Constant 2015=100, NSA

News Stream
Malaysia Q2 GDP Growth Strongest in a Year
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.
2022-08-12
Malaysia GDP Growth Accelerates to 5% in Q1
Malaysia's economy expanded by 5.0% yoy in Q1 of 2022, accelerating from a 3.6% gain in Q4 and beating market consensus of a 4% rise, supported by improving domestic demand as economic activity continued to normalize with the easing of COVID-19 restrictions. Household consumption rose faster (5.5% vs 3.7% in Q4), amid a strong pickup in government spending (6.7% vs 1.6%), and an increase in fixed investment (0.2% vs -3.0%). Meanwhile, net external trade contributed negatively to the GDP, as exports rose 8% while imports grew 11.1%. On the production side, output grew further for services (6.5% vs 3.2%), manufacturing (6.6% vs 9.1%) and agriculture (0.2% vs 2.8%). By contrast, output fell for mining (-1.1% vs -0.6%); construction (-6.2% vs -12.2%). On a seasonally adjusted quarterly basis, the GDP grew 3.9%, slowing from a downwardly revised 4.6% rise in Q4. For 2022, the central bank maintained its GDP outlook at 5.3%-6.3% with inflation projected to average between 2.2% and 3.2%.
2022-05-13
Malaysia Q4 GDP Growth Beats Estimates
Malaysia's economy grew by 3.6% yoy in Q4 of 2021, rebounding sharply from a 4.5% contraction in Q3 and above market consensus of a 3.3% gain. There was a sharp rebound in household consumption (3.7% vs -4.2% in Q3), boosted by further easing of COVID-19 curbs and surging vaccinations. Also, trade activity was strong, with exports rising faster 14.6% (vs 11.7% in Q3). In addition, fixed investment shrank much less (-3.3% vs -10.8%). by contrast, government spending growth eased sharply (4.3% vs 8.1%). On the production side, output rebounded for services (3.2% vs -4.9%), manufacturing (9.1% vs -0.8%), and agriculture (2.8% vs -1.9%), amid a slower falls in both mining (-0.9% vs -3.6%) and construction (-12.2% vs -20.6%). On a seasonally adjusted quarterly basis, the GDP expanded 6.6%, recovering from a 3.6% drop in Q3. For the whole year of 2021, the economy advanced 3.1 percent, recovering from a 5.6 percent fall in 2020 while staying below its pre-pandemic level in 2019.
2022-02-11