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. source: Department of Statistics, Malaysia

GDP Annual Growth Rate in Malaysia averaged 4.37 percent from 2000 until 2020, 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 December of 2020.

GDP Annual Growth Rate in Malaysia is expected to be 1.50 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 4.50 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 4.50 percent in 2021, according to our econometric models.

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Malaysia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -17.10 10.30 -17.10 2000 - 2020 percent Quarterly
Constant 2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-12 04:00 AM YoY Q4 3.6% 4.4% 4.2% 4.4%
2020-05-13 04:00 AM YoY Q1 0.7% 3.6% -1.5% -2%
2020-08-14 04:00 AM YoY Q2 -17.1% 0.7% -10% -9.7%
2020-11-13 04:00 AM YoY Q3 -2.7% -17.1% -3.2% -5.0%
2021-02-11 04:00 AM YoY Q4 -2.7% 1.5%
2021-05-11 04:00 AM YoY Q1
2021-08-13 04:00 AM YoY Q2
2021-11-12 04:00 AM YoY Q3


News Stream
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 Q1 GDP Growth Rate Weakest Since 2009
Malaysia's economy grew by 0.7 percent year-on-year in the first quarter of 2020, the weakest pace of expansion since the third quarter of 2009 and compared with market expectations of a 1.5 percent contraction, reflecting the negative impact of measures taken both globally and domestically to contain the spread of the COVID-19 pandemic. Household consumption rose at a softer 6.7 percent (vs 8.1 percent in Q4), while fixed investment tumbled 4.6 percent (vs -0.7 percent in Q4). In addition, net external demand contributed negatively to the GDP as both exports and imports fell sharply, while government spending growth accelerated. On the production side, the services and manufacturing sectors expanded at softer rates, while mining & quarrying, construction and agriculture all contracted. On a seasonally adjusted quarterly basis, the economy shrank by 2 percent, the first contraction since 2009.
2020-05-13
Malaysia GDP Growth Slows to Decade Low
Malaysia's economy grew by 3.6 percent year-on-year in the fourth quarter of 2019, easing from a 4.4 percent expansion in the previous three-month period and missing market expectations of 4.2 percent. This was the weakest GDP growth rate since the third quarter of 2009 due mainly to a contraction in palm oil, crude oil and natural gas output, and a 3.1 percent fall in exports amid global trade tensions. Also, fixed investment continued to decline, while household consumption and public spending grew at faster rates. On the production side, manufacturing growth slowed services and construction sectors expanded firmly. Considering 2019 full year, the economy grew by 4.3 percent, the softest pace since 2016 and below the government's forecast of 4.7 percent.
2020-02-12

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.