Gross domestic product (GDP) of Malaysia grew 3.56 percent in 2023 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 expanded 5 percent in the fourth quarter of 2024 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.

The Gross Domestic Product (GDP) in Malaysia was worth 399.65 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Malaysia represents 0.38 percent of the world economy. This dataset provides - Malaysia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the real gross domestic product (GDP) in the Philippines grew by approximately 5.55 percent, marking the highest growth rate in Southeast Asia. In comparison, Singapore's real GDP growth rate dropped to less than 1.1 percent. Most Southeast Asian economies are projected to see an increase in their real GDP growth rates in 2025 compared to 2023, except for Laos and Myanmar. 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 11 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 rate for 2023 was 3.68%, a 4.97% decline from 2022.

• Malaysia gdp growth rate for 2022 was 8.65%, a 5.35% increase from 2021.
• Malaysia gdp growth rate for 2021 was 3.30%, a 8.75% increase from 2020.
• Malaysia gdp growth rate for 2020 was -5.46%, a 9.87% decline from 2019.

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.

GDP from Manufacturing in Malaysia increased to 99420 MYR Million in the fourth quarter of 2024 from 97422 MYR Million in the third quarter of 2024. 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.

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 248.16 billion Malaysian ringgit to the gross domestic product (GDP), an increase of around nine billion Malaysian ringgit compared to the previous year. The era of e-commerce A 2023 survey showed that around 25 percent of Malaysian respondents would the e-commerce market value in Malaysia has increased by around 12 billion Malaysian ringgit. Which platform leads the Malaysian market? In 2024, Shopee dominated the share of Singaporean e-commerce giant, Sea Limited. Nine years later, Shopee became the leading e-commerce player in the Southeast Asian market. In 2022, the

GDP from Construction in Malaysia decreased to 17369 MYR Million in the fourth quarter of 2024 from 17520 MYR Million in the third quarter of 2024. 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.

Malaysia BTS: Current: Transportation: Gross Revenue: Same data was reported at 37.500 % in Dec 2024. This records an increase from the previous number of 25.806 % for Sep 2024. Malaysia BTS: Current: Transportation: Gross Revenue: Same data is updated quarterly, averaging 34.800 % from Dec 2009 (Median) to Dec 2024, with 58 observations. The data reached an all-time high of 65.200 % in Mar 2022 and a record low of 7.400 % in Mar 2023. Malaysia BTS: Current: Transportation: Gross Revenue: Same data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Malaysia – Table MY.S009: Business Tendency Survey: Actual: By Industry.

In 2023, the gross domestic product (GDP) in the state of Selangor was around 406 billion Malaysian ringgit. Selangor is Malaysia's most populous state, and contributed to

Consumer Spending in Malaysia decreased to 253105 MYR Million in the fourth quarter of 2024 from 258519 MYR Million in the third quarter of 2024. This dataset provides - Malaysia Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pertumbuhan PDB Riil Malaysia dilaporkan sebesar 7.0 % pada 2022-12. Rekor ini turun dibanding sebelumnya yaitu 14.2 % untuk 2022-09. Data Pertumbuhan PDB Riil Malaysia diperbarui triwulanan, dengan rata-rata 5.0 % dari 2001-03 sampai 2022-12, dengan 88 observasi. Data ini mencapai angka tertinggi sebesar 15.9 % pada 2021-06 dan rekor terendah sebesar -17.1 % pada 2020-06. Data Pertumbuhan PDB Riil Malaysia tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Real GDP: Y-o-Y Growth: Quarterly: Asia.

In 2023, the gross domestic product (GDP) from the services industry in Malaysia was the highest compared to the other sectors, at around 928 billion Malaysian ringgit. The services sector includes utilities, retail and trade, and food industry. The manufacturing sector was the second highest with a GDP contribution of more than 366 billion Malaysian ringgit in the same year.

The Oil and Gas Industry in Malaysia size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 1.40 % during the forecasts periods.Malaysia's oil and gas sector is a pivotal driver of the country's economy, marked by substantial production and export activities. Positioned as one of Southeast Asia's largest producers of oil and natural gas, Malaysia boasts extensive reserves situated both offshore in the South China Sea and onshore in Peninsular Malaysia and Sabah. The industry is primarily dominated by Petroliam Nasional Berhad (PETRONAS), Malaysia's national oil company, which holds a central role in exploration, production, refining, and distribution operations. Since the discovery of its initial oil fields in the early 20th century, Malaysia's oil and gas industry has undergone significant evolution. The development of major offshore fields such as Tapis and Dulang has elevated Malaysia's stature as a prominent global exporter of liquefied natural gas (LNG) and a critical supplier of petroleum products across regional markets. PETRONAS manages an advanced infrastructure network encompassing offshore platforms, pipelines, and liquefaction facilities, catering to both domestic energy demands and international export requirements. Industry challenges encompass fluctuating global oil prices, ongoing investments needed to maintain aging infrastructure, and environmental considerations associated with offshore drilling activities and emissions. Nevertheless, Malaysia continues to attract foreign investments through competitive fiscal policies, technological innovations, and strategic collaborations with multinational oil corporations. The sector significantly contributes to Malaysia's GDP, employment rates, and government revenues, underscoring its indispensable role in the country's economic development and energy security strategies. Recent developments include: January 2023: A consortium of JGC Corporation and Samsung Heavy Industries (SHI) secured an engineering, procurement, construction, and commissioning (EPCC) contract with Petronas for Malaysia's first nearshore floating LNG facility project. The planned facility is set to become the world's first nearshore floating LNG facility. It has a minimum production capacity of 2 million tonnes of LNG annually and is scheduled for completion in 2027., December 2022: Petronas announced the oil and gas discovery at the Nahara well in Block SK 306. Petronas Carigali, a wholly owned subsidiary of Petronas, is the operator of the block, with 100 percent participating interest in its Production Sharing Contract (PSC).. Key drivers for this market are: 4., Surging Demand For Refined Petroleum Products4.; Significant Untapped Petroleum Reserves in the Sedimentary Basins. Potential restraints include: 4., High Volatility of Crude Oil Prices. Notable trends are: Midstream Sector is Expected to Have Significant Market Share.

The Gross Domestic Product per capita in Malaysia was last recorded at 11429.59 US dollars in 2023. The GDP per Capita in Malaysia is equivalent to 91 percent of the world's average. This dataset provides the latest reported value for - Malaysia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Value added in manufacturing growth of Malaysia sank by 91.28% from 8.1 % in 2022 to 0.7 % in 2023. Since the 37.76% jump in 2017, value added in manufacturing growth plummeted by 88.32% in 2023.

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.

Inflation Rate in Malaysia decreased to 1.50 percent in February from 1.70 percent in January of 2025. This dataset provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Malaysia Domestic Credit Growth

• Malaysia Domestic Credit increased 4.3 % YoY in Jan 2025, compared with an increase of 4.5 % YoY in the previous month
• Malaysia Domestic Credit Growth YoY data is updated monthly
• It averaged 8.6 %, available from Jan 1988 to Jan 2025
• The data reached an all-time high of 33.3 % in Jun 1997 and a record low of -6.1 % in Apr 1999

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. Domestic Credit is calculated as the sum of Net Claims on Government and Claims on Private Sector. Bank Negara Malaysia provides Domestic Credit in local currency. Since January 2014, Domestic Credit is based on the new taxonomy aligned to IFRS. Domestic Credit prior to January 2014 is based on taxonomy in 1999.


Further information about Malaysia Domestic Credit Growth

• In the latest reports, Malaysia Domestic Credit reached 634.4 USD bn in Jan 2025
• Money Supply M2 in Malaysia increased to 556.9 USD bn YoY in Jan 2025
• Malaysia Foreign Exchange Reserves was measured at 108.1 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 6.3 Months of Import in May 2023
• The country's Non Performing Loans Ratio stood at 1.5 % in Jan 2025, compared with the ratio of 1.4 % in the previous month
• Household Debt of Malaysia reached 84.2 % in Dec 2023, accounting for 84.2 % of the country's Nominal GDP

In 2023, the gross domestic product (GDP) from retail trade in Malaysia amounted to approximately 155 billion Malaysian ringgit. This was an increase of around 12 billion Malaysian ringgit from the previous year. In general, the GDP from retail trade in the country has been increasing.