Malaysia: Economic growth: the rate of change of real GDP: The latest value from 2024 is 5.11 percent, an increase from 3.56 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Malaysia from 1961 to 2024 is 6.07 percent. The minimum value, -7.36 percent, was reached in 1998 while the maximum of 11.7 percent was recorded in 1973.

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.

Malaysia economic growth for 2023 was 399.71 billion US dollars, a 1.94% decline from 2022.

<ul style='margin-top:20px;'>

<li>Malaysia economic growth for 2022 was <strong>407.61 billion US dollars</strong>, a <strong>9.05% increase</strong> from 2021.</li>
<li>Malaysia economic growth for 2021 was <strong>373.78 billion US dollars</strong>, a <strong>10.77% increase</strong> from 2020.</li>
<li>Malaysia economic growth for 2020 was <strong>337.46 billion US dollars</strong>, a <strong>7.59% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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.

The latest data from show economic growth of 4.4 percent, which is a decrease from the rate of growth of 4.9 percent in the previous quarter and
an increase compared to the growth rate of 4.2 percent in the same quarter last year. The economic growth time series for Malaysia cover the period...

Key information about Malaysia Real GDP Growth

• The Gross Domestic Product (GDP) in Malaysia expanded 7.0 % YoY in Dec 2022, following a growth of 14.2 % in the previous quarter.
• Real GDP Growth YoY data in Malaysia is updated quarterly, available from Mar 2001 to Dec 2022, with an average rate of 5.0 %.
• The data reached an all-time high of 15.9 % in Jun 2021 and a record low of -17.1 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Department of Statistics provides Real GDP in local currency at 2015 prices, based on SNA 2008. Real GDP Growth prior to Q1 2016 is calculated from Real GDP at 2010 prices based on SNA 2008, prior to Q1 2011 is calculated from Real GDP at 2005 prices and prior to Q1 2006 is from Real GDP at 2000 prices, both based on SNA 1993.


Related information about Malaysia Real GDP Growth

• In the latest reports, Nominal GDP of Malaysia reached 102.2 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.8 % in Dec 2022.
• GDP Per Capita in Malaysia reached 11,452.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at 26.9 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 20.7 % in Dec 2022.
• Public Consumption accounted for 13.4 % in Dec 2022.
• Private Consumption accounted for 56.7 % in Dec 2022.

Economic growth, quarterly in Malaysia, March, 2025 The most recent value is 0.7 percent as of Q1 2025, an increase compared to the previous value of -0.2 percent. Historically, the average for Malaysia from Q1 2013 to Q1 2025 is 1.06 percent. The minimum of -14.7 percent was recorded in Q2 2020, while the maximum of 18.2 percent was reached in Q3 2020. | TheGlobalEconomy.com

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.

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 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.

Malaysia GDP: Growth data was reported at 5.902 % in 2017. This records an increase from the previous number of 4.220 % for 2016. Malaysia GDP: Growth data is updated yearly, averaging 6.654 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 11.701 % in 1973 and a record low of -7.359 % in 1998. Malaysia GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Malaysia – Table MY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Historical dataset showing Malaysia economic growth by year from 1960 to 2023.

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.

Malaysia GDP: Growth: Final Consumption Expenditure: General Government data was reported at 5.443 % in 2017. This records an increase from the previous number of 0.921 % for 2016. Malaysia GDP: Growth: Final Consumption Expenditure: General Government data is updated yearly, averaging 6.062 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 25.101 % in 1980 and a record low of -8.893 % in 1998. Malaysia GDP: Growth: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Malaysia – Table MY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

As online shopping is becoming more common among Malaysian consumers, the e-commerce market also has a larger impact on the country’s economy. In 2023, e-commerce contributed ****** billion Malaysian ringgit to the gross domestic product (GDP), an increase of around **** billion Malaysian ringgit compared to the previous year. The era of e-commerce A 2023 survey showed that around ** percent of Malaysian respondents would make online purchases at least once a month, while ** percent claimed they shopped online once a week. E-commerce has gained traction in Malaysia, especially in the aftermath of COVID-19 and the Movement Control Order (MCO), during which most businesses and physical stores were closed. Since then, the e-commerce market value in Malaysia has increased by around ** billion Malaysian ringgit. Which platform leads the Malaysian market? In 2024, Shopee dominated the share of traffic of e-commerce platforms in Malaysia, with a ** percent share. The platform was first launched in 2015, by Singaporean e-commerce giant, Sea Limited. Nine years later, Shopee became the leading e-commerce player in the Southeast Asian market. In 2023, the Shopee app was downloaded more than *** million times in Malaysia.

Malaysia: Economic growth: the rate of change of real GDP: Dünya Bankası göstergesi için Malaysia hakkında 1961 - 2024 arası bilgi. Malaysia için bu döneme ait ortalama değer yüzde 6.07 percent con un mínimo de -7.36 percent en 1998 y un máximo de 11.7 percent en 1973.

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 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.

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.