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.

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.

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.

The Gross Domestic Product per capita in Malaysia was last recorded at 11868.36 US dollars in 2024. The GDP per Capita in Malaysia is equivalent to 94 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.

Malaysia GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 42.561 % in 2015. This records a decrease from the previous number of 43.496 % for 2014. Malaysia GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 48.201 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 57.188 % in 1999 and a record low of 41.657 % in 2011. Malaysia GDP: % of Manufacturing: Medium and High Tech Industry 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: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

Malaysia GDP: Growth: Final Consumption Expenditure: Household data was reported at 6.974 % in 2017. This records an increase from the previous number of 5.952 % for 2016. Malaysia GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 6.336 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 13.322 % in 1989 and a record low of -10.236 % in 1998. Malaysia GDP: Growth: Final Consumption Expenditure: Household 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 household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In 2024, the gross domestic product (GDP) in the state of Selangor was around *** billion Malaysian ringgit. Selangor is Malaysia's most populous state and contributed to approximately ** percent of the total GDP in Malaysia.

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 expanded 5.20 percent in the third 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.

Malaysia GDP: PPP:(GDP) Gross Domestic Productper Capita data was reported at 29,431.469 Intl $ in 2017. This records an increase from the previous number of 27,682.608 Intl $ for 2016. Malaysia GDP: PPP:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 14,959.387 Intl $ from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 29,431.469 Intl $ in 2017 and a record low of 6,819.886 Intl $ in 1990. Malaysia GDP: PPP:(GDP) Gross Domestic Productper Capita 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: Purchasing Power Parity. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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 international dollars based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Weighted average;

Malaysia GDP: Real: per Capita data was reported at 37,111.757 MYR in 2017. This records an increase from the previous number of 35,534.600 MYR for 2016. Malaysia GDP: Real: per Capita data is updated yearly, averaging 13,400.026 MYR from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 37,111.757 MYR in 2017 and a record low of 4,360.872 MYR in 1960. Malaysia GDP: Real: per Capita 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: Real. GDP per capita is gross domestic product divided by midyear population. 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 constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

In 2024, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at *** 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 2024, it exported around **** million metric tons of palm oil and palm-based products. These exports were valued at around ** billion Malaysian ringgit. All in all, the palm oil industry contributed around ** 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, has 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.

GDP, billion currency units in Malaysia, June, 2025 The most recent value is 488.16 billion Malaysian Ringgit as of Q2 2025, an increase compared to the previous value of 484.81 billion Malaysian Ringgit. Historically, the average for Malaysia from Q1 2007 to Q2 2025 is 310.19 billion Malaysian Ringgit. The minimum of 144.33 billion Malaysian Ringgit was recorded in Q1 2007, while the maximum of 501.47 billion Malaysian Ringgit was reached in Q4 2024. | TheGlobalEconomy.com

GDP from Services in Malaysia increased to 261383 MYR Million in the third quarter of 2025 from 250700 MYR Million in the second quarter of 2025. This dataset provides the latest reported value for - Malaysia Gdp From Services - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Manufacturing in Malaysia increased to 101310 MYR Million in the third quarter of 2025 from 96887 MYR Million in the second 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.

Malaysia GDP: Growth: Gross Value Added: Services data was reported at 5.728 % in 2016. This records an increase from the previous number of 5.519 % for 2015. Malaysia GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 7.266 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 38.448 % in 1973 and a record low of -7.481 % in 1986. Malaysia GDP: Growth: Gross Value Added: Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

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 2021, the share of currency in circulation (CIC) to the nominal gross domestic product (GDP) in Malaysia amounted to *** percent. During the period measured, the share of CIC to the nominal GDP remained between *** to ***** percent, but increased and reached its highest in 2021.

Key information about Malaysia Nominal GDP

• Malaysia Nominal GDP reached 102.2 USD bn in Dec 2022, compared with 101.7 USD bn in the previous quarter.
• Nominal GDP in Malaysia is updated quarterly, available from Mar 1991 to Dec 2022, with an average number of 42.7 USD bn.
• The data reached an all-time high of 102.2 USD bn in Dec 2022 and a record low of 11.4 USD bn in Jun 1991.

CEIC converts quarterly Nominal GDP into USD. The Department of Statistics provides Nominal GDP in local currency based on SNA 2008 with benchmark year 2015. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP 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, prior to Q1 2005 is based on SNA 1993 with benchmark year 2000 and prior to Q1 2000 is based on SNA 1968 with benchmark year 1987.


Related information about Malaysia Nominal GDP

• In the latest reports, Malaysia GDP expanded 7.0 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.8 % in Dec 2022.
• Malaysia GDP Per Capita 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.

The statistic shows gross domestic product (GDP) per capita in the ASEAN countries from 2020 to 2023, with projections up until 2030. In 2025, GDP per capita in Singapore was projected to be almost ****** U.S. dollars: more than 10 times the total of most other ASEAN countries, and almost 80 times larger than that of Myanmar.