The gross domestic product (GDP) in current prices in Malaysia was forecast to continuously increase between 2024 and 2029 by in total 181.6 billion U.S. dollars (+41.3 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 621.32 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that 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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Cambodia, Laos, and Timor-Leste.

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.

GDP, billion currency units in Malaysia, December, 2024 The most recent value is 502.93 billion Malaysian Ringgit as of Q4 2024, an increase compared to the previous value of 490.73 billion Malaysian Ringgit. Historically, the average for Malaysia from Q1 2007 to Q4 2024 is 305.25 billion Malaysian Ringgit. The minimum of 144.33 billion Malaysian Ringgit was recorded in Q1 2007, while the maximum of 502.93 billion Malaysian Ringgit was reached in Q4 2024. | TheGlobalEconomy.com

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.

GDP from Mining in Malaysia increased to 26178 MYR Million in the fourth quarter of 2024 from 22253 MYR Million in the third quarter of 2024. This dataset provides the latest reported value for - Malaysia Gdp From Mining - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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 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.

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

Gross National Product in Malaysia increased to 417.60 MYR Billion in the fourth quarter of 2024 from 409.10 MYR Billion in the third quarter of 2024. This dataset provides - Malaysia Gross National Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the gross domestic product (GDP) from the manufacturing sector in Malaysia reached around 366.69 billion Malaysian ringgit, an increase from around 364.12 billion Malaysian ringgit in the previous year. The GDP from manufacturing in the country has been increasing in the last decade.

GDP, billion currency units in Malaisie, décembre, 2024 Pour cet indicateur, Department of Statistics Malaysia fournit des données pour la Malaisie de Q1 2007 à Q4 2024. La valeur moyenne pour Malaisie pendant cette période était de 305.25 billion Malaysian Ringgit avec un minimum de 144.33 billion Malaysian Ringgit en Q1 2007 et un maximum de 502.93 billion Malaysian Ringgit en Q4 2024. | TheGlobalEconomy.com

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 81 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 20 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 27 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 147 billion Malaysian ringgit in tourism receipts in 2026. This is nearly twice the amount of the inbound tourism expenditure in Malaysia in 2023.

Forecast: Food and Beverage Industry Contribution to GDP in Malaysia 2024 - 2028 Discover more data with ReportLinker!

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Malaysia Gross National Product (GNP)

• Malaysia Gross National Product (GNP) was reported at 109.804 USD bn in Dec 2024.
• This records an increase from the previous number of 106.513 USD bn for Sep 2024.
• Malaysia Gross National Product (GNP) data is updated quarterly, averaging 71.882 USD bn from Mar 2000 to Dec 2024, with 100 observations.
• The data reached an all-time high of 109.804 USD bn in Dec 2024 and a record low of 20.336 USD bn in Mar 2000.

Related information about Malaysia Gross National Product (GNP) data

• Malaysia Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC converts quarterly Gross National Product into USD. The Department of Statistics provides Gross National Product in local currency based on SNA 2008 with benchmark year 2015. Federal Reserve Board average market exchange rate is used for currency conversions. Gross National Product prior to Q1 2015 is based on SNA 2008 with benchmark year 2010, prior to Q1 2010 is based on SNA 1993 with benchmark year 2005 and prior to Q1 2005 is with benchmark year 2000.

The gross domestic product (GDP) in current prices in Timor-Leste was forecast to continuously increase between 2024 and 2029 by in total 0.8 billion U.S. dollars (+40.2 percent). According to this forecast, in 2029, the GDP will have increased for the fifth consecutive year to 2.76 billion U.S. dollars. 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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Singapore, Malaysia, and Cambodia.

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.

In 2022, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at 2.4 percent of its GDP. Palm oil is one of Malaysia’s primary industries, and its main agricultural export globally.

Importance of palm oil to the Malaysian economy

Malaysia is the world’s second-largest producer and exporter of palm oil, after Indonesia. In 2022, it exported around 15 million metric tons of palm oil and palm-based products. These exports were valued at around 137 billion Malaysian ringgit. All in all, the palm oil industry contributed around 35 billion ringgit to Malaysia’s total gross domestic product.

Outlook of the palm oil industry

In recent years, concerns about the negative impact of palm oil cultivation on the environment, as well as the rise of protectionism in the global economy, has threatened Malaysia’s palm oil industry. The European Union, Malaysia’s most valuable export market, had effectively passed a law to phase out the use of palm oil in biofuels by 2030. Furthermore, unfavorable weather and the COVID-19 pandemic had led to a decrease in palm oil stockpiles and production.

To counter the volatility in global palm oil demand, Indonesia, the commodity’s largest producer and exporter, had introduced policies to increase domestic consumption through biofuels. Malaysia’s domestic consumption of palm oil, however, is but a small fraction of what it exports. It would therefore need to do more to secure a market for its palm oil.

The report covers Tourism and Hospitality Industry in Malaysia and is segmented by Type (Chain Hotels and Independent Hotels), and by Segment (Budget and Economy Hotels, Mid and Upper Mid-Scale Hotels, Luxury Hotels, and Service Apartments). The report offers market size and forecasts for the hospitality industry in Malaysia market in value (USD billion) for all the above segments.

Key information about Malaysia Foreign Direct Investment

• Malaysia Foreign Direct Investment (FDI) increased by 6.8 USD bn in Dec 2024, compared with an increase of 2.5 USD bn in the previous quarter.
• Malaysia Foreign Direct Investment: USD mn net flows data is updated quarterly, available from Mar 2005 to Dec 2024.
• The data reached an all-time high of 7.5 USD bn in Dec 2021 and a record low of -1.0 USD bn in Dec 2009.

CEIC converts quarterly Foreign Direct Investment into USD. The Department of Statistics provides Foreign Direct Investment in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Malaysia Foreign Direct Investment

• In the latest reports of Malaysia, Current Account recorded a surplus of 2.6 USD bn in Dec 2024.
• Malaysia Direct Investment Abroad expanded by 2.8 USD bn in Dec 2024.
• Its Foreign Portfolio Investment fell by 3.7 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 101.3 USD bn in Mar 2023.