GDP growth (annual %) - Malaysia from The World Bank: Data. KUALA LUMPUR, Feb 12 — Malaysia’s economy expanded by 3.6 per cent in the fourth quarter of 2019, dragging the full-year Gross Domestic Product (GDP) growth to 4.3 per cent, the lowest since the 2009 financial crisis amid supply disruptions in the commodity sector during the quarter. 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. Last updated: April 2020. The Economic Survey is published under the responsibility of the Secretary-General of the OECD. State or Federal Territory 2019 GDP (RM Million) 2018 GDP (RM Million) 2017 GDP (RM Million) 2016 GDP (RM Million) 2015 GDP (RM Million) The role of the mining sector, which once played a very important role in Malaysian exports, is also declining. Support from the governments of Japan and Malaysia is gratefully acknowledged. Moreover, Q3’s reading beat market analysts’ expectations of a 3.2% contraction. GDP slid 2.7% year-on-year in Q3, falling at a significantly softer pace than Q2’s pandemic-induced plunge of 17.1%, amid the easing of Covid-19-associated restrictions and firming foreign demand. Online tool for visualization and analysis. In 2014 the service sector contributed 56.2% while the industry and agriculture sectors contributed 36.8% and 7.1% respectively. KUALA LUMPUR: Malaysia’s economic growth in the fourth quarter of 2018 (4Q18) has surpassed expectations, as the country’s gross domestic product (GDP) grew 4.7% year-on-year (y-o-y). Malaysia remains the world's fourth-largest producer of cocoa. Nevertheless, the share of agriculture in the GDP declined from 29 percent in 1970 to 12 percent in 1998. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. The previous Economic Assessment of Malaysia was issued in November 2016. In 2015 Malaysia's PPP GDP per capita was estimated at $26,300.20 while the nominal GDP per capita stood at $9,776.206. Thematic data tables from WDI. Selected Countries and Economies. Notwithstanding the steady economic performance, the balance of risks to outlook remains on the downside as Malaysia has a high degree of openness. PUTRAJAYA, July 1, 2019 – Malaysia’s economy is expected to grow at 4.6 percent in 2019, according to the 20 th edition of the World Bank’s Malaysia Economic Monitor, launched today. Malaysia has the highest debt levels in the region (56.3% of GDP in 2019, IMF), with spending increasing faster than GDP. The forecast growth of the sector in 2019 … Gross Domestic Product by state. authorities. The GDP expansion of 4.7% (y-o-y) in the first half of 2019 is expected to continue for the rest of the year while improving marginally to 4.8% in 2020. Since gaining independence in 1957, Malaysia has successfully diversified its economy from one that was initially agriculture and commodity-based, to one that now plays host to robust manufacturing and service sectors, which have propelled the country to become a leading exporter of electrical appliances, electronic parts and components. “In 2019, the sector is expected to improve marginally following an increase in new planned supply in the affordable homes and industrial segments,” said the report. The cut-off date for data and information used in the Economic Survey is 25 June 2019. Malaysia - GDP GDP drops at a less pronounced pace in Q3. DataBank. Reforms to public service will help enable future growth and shared prosperity. WDI Tables. 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