Name: Malaysia Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Malaysia's full-year economic growth was at 3.7% in 2023, below the government's projection of a 4% expansion and a sharp drop from a 22-year high of 8.7% in 2022. Full Year GDP Growth in Malaysia averaged 4.38 percent from 2006 until 2023, reaching an all time high of 8.70 percent in 2022 and a record low of -5.50 percent in 2020. source: Department of Statistics, Malaysia

Full Year GDP Growth in Malaysia is expected to reach 4.80 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Full Year GDP Growth is projected to trend around 4.30 percent in 2025 and 4.40 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	3.70	8.70	percent	Dec 2023
GDP	399.65	407.03	USD Billion	Dec 2023
GDP Growth Rate YoY	5.30	5.90	percent	Sep 2024
GDP Constant Prices	419168.00	400736.00	MYR Million	Sep 2024
GDP from Agriculture	29134.00	25222.00	MYR Million	Sep 2024
GDP from Construction	17520.00	16143.00	MYR Million	Sep 2024
GDP from Manufacturing	97432.00	93369.00	MYR Million	Sep 2024
GDP from Mining	22253.00	23808.00	MYR Million	Sep 2024
GDP from Services	247547.00	237551.00	MYR Million	Sep 2024
GDP Growth Rate	1.80	2.90	percent	Sep 2024
GDP per Capita	11691.36	11399.40	USD	Dec 2023
GDP per Capita PPP	33573.83	32735.40	USD	Dec 2023
Gross Fixed Capital Formation	89336.00	89027.00	MYR Million	Sep 2024
Gross National Product	409.00	393.70	MYR Billion	Sep 2024

Malaysia Full Year GDP Growth

Malaysia is a developing economy in Asia which, in recent years, has successfully transformed from an exporter of raw materials into a diversified economy. The largest sector of the economy is services, accounting for around 54 percent of GDP. Manufacturing sector has been growing in recent years and now accounts for 25 percent of GDP and more than 60 percent of total exports. Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent.