Malaysia Economic Growth 2018

The malaysian economy registered a growth of 4 7 during the final quarter of 2018 bringing the total gdp for the year to 4 7 according to bank negara malaysia today. Malaysia s economy is expected to grow at a slower pace of 4 7 in 2018 from 5 9 last year according to allianz group. Overall the malaysian economy recorded a respectable growth of 4 7 in 2018 chart 1 2 demonstrating considerable resilience in the face of multiple headwinds.

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Department Of Statistics Malaysia Official Portal

Malaysia Gdp Q4 2018

Department Of Statistics Malaysia Official Portal

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The malaysian economy accelerated in the final quarter of 2018 posting growth of 4 7 over the same quarter a year earlier q3.

Malaysia economic growth 2018. While malaysia s economic growth remains resilient it began to moderate to 4 4 in the third quarter of 2018. Compared to the previous quarter the economy expanded 1 4 in the fourth quarter. Gdp growth annual malaysia. For the year 2019 malaysia s smes gdp grew at 5 8 per cent as compared to 6 2 per cent in 2018.

World bank national accounts data and oecd national accounts data files. The malaysian economy demonstrated resilience in the face of multiple headwinds recording a respectable growth of 4 7 in 2018. A 6 balance of payments a 7 gross exports a 8 gross imports a 9 malaysia s trading. Private investment increased due to a higher volume of capital spending in the manufacturing and services sectors.

Lastly on 6 november the government presented its draft 2021 budget of myr 322 5 billion about usd 78 billion the largest in the country s history based on a 6 5 7 5 gdp growth rate and a lower fiscal deficit of 5 4 of gdp. A 1 gross domestic product by kind of economic activity at constant 2010 prices a 2 growth in manufacturing production 2015 100 a 3 services sector performance at constant 2010 prices a 4 gni by demand aggregates a 5 savings investment gap. The result which came in above market expectations was driven by a stronger performance from the external sector and robust private consumption. For the year 2018 malaysia s economy grew 4 7 per cent at 2015 constant prices as compared to 5 7 per cent in 2017.

All sectors posted a positive growth with the exception of mining quarrying. Private consumption was the main driver of economic growth due to the zeroization of the goods and services tax. Services and manufacturing sectors served as the main contributors to the economy with a combined share of 79 1 per cent. Nevertheless the performance remained above malaysia s gdp and non smes which registered 4 3 per cent and 3 4 per cent respectively.