Selangor topped the list with a share of 22.7 per cent followed by WP Kuala Lumpur (15.3 per cent), Sarawak (9.8 per cent), Johor (9.4 per cent), Pulau Pinang (6.7 per cent) and Sabah (6.7 per cent) as depicted in Chart 1. As of 2016, GDP in Selangor was 280,698 million RM that accounts for 23.84% of Malaysia's GDP. The projection of 4.8% for this year implies that GDP growth will average at 4.65% in 2H2018, given that Malaysia’s economy expanded 5.4% in 1Q2018 and 4.5% in 2Q2018, bringing 1H2018 growth to 4.9%. The Economist Intelligence Unit expects a snap election to be held in early 2021. Try our corporate solution for free! Help     Nevertheless, Motor Vehicles & Transport Equipment in Malaysia declined 3.6 per cent following the lower production of motor vehicles in Selangor, Perak and Kedah. India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. Agriculture sector in Malaysia was dominated by Sarawak, Sabah, Johor, Pahang and Perak as depicted in Chart 5. Tel : +603-8885 7942 Malaysia GDP Per Capita reached 11,197.665 USD in Dec 2019, compared with 11,084.302 USD in Dec 2018. Manufacturing sector was mainly contributed by Selangor with a share of 28.9 per cent followed by Pulau Pinang and Johor with 12.9 per cent and 12.6 per cent respectively as portrayed in Chart 4. Following Q2’s record fall in GDP, activity contracted at a much softer pace in Q3 as Covid-19 restrictions were eased in early June. You can change your personal cookie settings through your internet browser settings. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). Equal importance of both Services and Manufacturing sectors could be seen in Pulau Pinang, Melaka, Negeri Sembilan, Terengganu and Johor as shown in Chart 2. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. November 17, 2020. Malaysia’s economy experienced a commendable growth of 4.2 per cent in 2016 as compared to 5.0 per cent in the preceding year. This statistic shows the share of economic sectors in the gross domestic product (GDP) in Malaysia from 2009 to 2019. Periodic/Annual report on Malaysia's GDP by state. GDP Growth by State in Malaysia Malaysia Though Malaysia growth fluctuated substantially in recent years, it tended to increase through 2013 - 2017 period ending at 5.9 % in 2017. Online tool for visualization and analysis. The dominance of Services sector was observed in WP Kuala Lumpur (87.7 per cent), WP Labuan (76.2 per cent), Kelantan (66.4 per cent), Perlis (64.3 per cent), Perak (60.9 per cent), Selangor (60.1 per cent) and Kedah (54.5 per cent). KUALA LUMPUR: Malaysia’s economy is going strong and the gross domestic product (GDP) is expected to expand a further 4.9 per cent in 2019, albeit a decline in inflationary pressure. - … The GDP value of Malaysia represents 0.30 percent of the world economy. Malaysia’s economic freedom score is 74.7, making its economy the 24th freest in the 2020 Index. Periodic/Annual report on Malaysia's GDP by state. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Map of U.S. states, the federal district, and Puerto Rico by GDP in billions USD (2019). However, the decline in Agriculture and moderation in Mining & Quarrying sectors weighed down the overall performance in 2016. Find Out data@dosm.gov.my (data request & enquiries) Email : mkho[at]stats.gov.my, Department of Statistics, Malaysia DataBank. For the year 2019, Malaysia’s SMEs GDP grew at 5.8 per cent as compared to 6.2 per cent in 2018. 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