The Gross Domestic Product (GDP) in Malaysia expanded 4.50 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross domestic product (GDP) of Malaysia grew 5.11 percent in 2024 and was forecast to remain around 4 percent for the medium term. What affects GDP? GDP is the sum of spending in a country by consumers, investors, and the government, plus net exports. High GDP growth is associated with low unemployment, because a growing economy demands a growing labor force. There are also inflationary pressures, but responsible monetary and fiscal policy can keep the inflation rate low. GDP and development Developmental economists focus more on GDP per capita than GDP. Looking at how much each member of the economy generates gives a general idea of the level of development, with strong correlations between this and other development indicators. If population growth is faster than GDP growth, residents in the country will be worse off, in spite of a growing economy.

The Gross Domestic Product (GDP) in Malaysia was worth 421.97 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Malaysia represents 0.40 percent of the world economy. This dataset provides - Malaysia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Malaysia amounted to about 419.62 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 392.86 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 180.06 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Malaysia expanded 0.70 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Malaysia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Full Year GDP Growth in Malaysia increased to 5.10 percent in 2024 from 3.60 percent in 2023. This dataset includes a chart with historical data for Malaysia Full Year GDP Growth.

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

The gross domestic product (GDP) per capita in Malaysia amounted to about 12.54 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 10.61 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 4.28 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

GDP (current US$) in Malaysia was reported at 421972102254 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Malaysia - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Agriculture, forestry, and fishing, value added (% of GDP) in Malaysia was reported at 8.1629 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Malaysia - Agriculture, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

Tourism is one of the most important sectors in a tropical country that offers a rich landscape and cultural heritage like Malaysia. In 2023, the tourism sector directly contributed more than ** billion Malaysian ringgit to the country’s gross domestic product (GDP). Despite the severe impact of COVID-19 pandemic in 2020 and 2021, which resulted in major loss to the GDP, the tourism sector in Malaysia has shown great improvement in the past year. Increase in inbound tourism Although the number of international tourists who came to Malaysia significantly decreased when the pandemic hit, 2023 showed that the industry has almost fully recovered. In that year, Malaysia welcomed more than ** million visitors, a number that was only slightly below the number of tourists in 2019. The Malaysian Ministry of Tourism, Arts and Culture forecasted that the number of inbound tourists could surpass ** million people in 2024. Visit Malaysia 2026 With a promising outlook in the tourism sector, the Malaysian government announced the Visit Malaysia 2026 campaign to further boost the industry. Through branding and promotion on various media channels, including social media platforms, the campaign aimed to attract 35.6 million tourists and generate more than *** billion Malaysian ringgit in tourism receipts in 2026. This is nearly twice the amount of the inbound tourism expenditure in Malaysia in 2023.

GDP from Manufacturing in Malaysia increased to 96923 MYR Million in the second quarter of 2025 from 95676 MYR Million in the first quarter of 2025. This dataset provides the latest reported value for - Malaysia Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Construction in Malaysia increased to 17918 MYR Million in the second quarter of 2025 from 17760 MYR Million in the first quarter of 2025. This dataset provides the latest reported value for - Malaysia Gdp From Construction - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the average inflation rate in Malaysia from 1987 to 2024, with projections up to 2030. In 2024, the average inflation rate in Malaysia amounted to about 1.83 percent compared to the previous year. Malaysia's economy is slowly recovering The inflation rate is the annual rate of increase of a price index, normally the consumer price index over time. If the same item bought today for 1 U.S. dollar is bought again one year from now, but for 1.03 U.S. dollars, then the inflation rate is at 3 percent. Generally, a low inflation rate is sought by every country, and a rate of 3 percent, as is estimated for Malaysia in the next few years, is considered low. However, there was a slight rise in Malaysia’s inflation rate, from close to 2 percent in 2010 to a little over 3 percent in 2011. In 2012, it dropped back down to its normal rate, but future estimates predict a slight increase once again. Perhaps this increase has come from initial worries concerning the country’s slowing economy as the country’s GDP growth slowed from 7.43 percent in 2010 to 5.19 percent in 2011, or its negative budget balance in relation to GDP which was at its recent worst in 2010 at -4.66 percent. At the same time, the country’s national debt was also rising, but predictions show that this trend is reversing. Yet, the economic outlook and inflation rate still appear stable for the future of Malaysia, and the inflation rate is below the global inflation rate. Furthermore, the country’s GDP continues to rise and totaled 326.93 billion U.S. dollars in 2013.

GDP per capita growth (annual %) in Malaysia was reported at 3.8389 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Malaysia - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The population in Malaysia grew to 32.45 million people in 2020. This is in line with a steady positive trend that has been happening since at least 2016 and is forecast to continue until at least 2030, as well as with the growth rates in other ASEAN countries. Malaysian demographics As the fertility rate slowly declines, the population growth rate should slowly decline as well. However, since life expectancy is also slowly increasing, this can still fuel population growth, as we see in this statistic. In Malaysia, this is leading to a healthy age structure, with a large group of working-age people who are able to support a smaller number of old and young people. Economic effects A growing population should lead to an increasing gross domestic product (GDP), simply because more people means more consumers and workers. This is especially effective if the country is at full employment. Given the generally low level of unemployment in Malaysia, it is fairly safe to assume that this is true.

Malaysia ICT Market Size was valued at USD 24.40 Billion in 2024 and is projected to reach USD 47.7 Billion by 2032, growing at a CAGR of 10% from 2026 to 2032.

Key Market Drivers: Government-led Digital Transformation Initiatives: Malaysia's MyDIGITAL project and the 12th Malaysia Plan (12MP) are accelerating ICT adoption. The government has set up RM73 billion ($17.3 billion) for ICT-related projects within the 12MP (2021-2025). According to Malaysia's Economic Planning Unit, digital investments made through MyDIGITAL are expected to contribute 22.6% of the country's GDP by 2025, producing 500,000 new jobs in the digital sector.

Expanding Digital Infrastructure and Connectivity: The countrywide rollout of 5G networks and fiber internet is hastening digital adoption across a variety of industries. According to the Malaysian Communications and Multimedia Commission (MCMC), mobile broadband penetration will reach 142.2% in 2023.

Malaysia Construction Market size was valued at USD 49.47 Billion in 2024 and is projected to reach USD 83.07 Billion by 2032, growing at a CAGR of 8.5% from 2026 to 2032.

Malaysia Construction Market Drivers

Government Initiatives and Infrastructure Investment: The Malaysian government plays a pivotal role in the construction industry by funding major infrastructure projects. Programs such as the 12th Malaysia Plan (2021-2025) focus on large-scale public infrastructure improvements, targeting transportation networks, healthcare facilities, and affordable housing. The government’s investments in projects like the Mass Rapid Transit (MRT) and the Pan Borneo Highway reflect a strong commitment to modernizing the country's infrastructure. Moreover, these projects aim to enhance connectivity, reduce urban congestion, and create job opportunities, leading to sustained construction growth.

Urbanization and Population Growth: Malaysia’s urbanization rate is increasing steadily, with more people moving to urban areas for employment and better living conditions. This demographic shift necessitates extensive infrastructure development, including residential buildings, commercial spaces, transportation networks, and utilities. The urbanization trend, coupled with a growing middle-class population, drives demand for high-rise buildings, housing developments, and recreational facilities, creating a favorable environment for construction activities across the country.

Foreign Direct Investment (FDI) and International Partnerships: Malaysia's strategic location in Southeast Asia, along with its stable political climate, attracts significant foreign investment, especially in the construction and real estate sectors. Initiatives under the Belt and Road Initiative (BRI) have seen Chinese firms collaborate on large projects, bringing in capital and expertise. Additionally, policies promoting foreign ownership in certain property sectors have increased FDI, further energizing the construction industry. The presence of international players contributes to Malaysia’s economic development and facilitates the adoption of modern construction techniques and technologies.

Malaysia recorded a Current Account surplus of 1.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Malaysia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.