Malaysia Gdp By Sector

The country recorded a gdp growth rate of 5 0 in 2015.

Malaysia gdp by sector. Economic performance for fourth quarter 2019. In 2014 the service sector contributed 56 2 while the industry and agriculture sectors contributed 36 8 and 7 1 respectively. The distribution gives the percentage contribution of agriculture industry and services to total gdp and will total 100 percent of gdp if the data are complete. The gross domestic product gdp in malaysia was worth 364 70 billion us dollars in 2019 according to official data from the world bank.

Agriculture includes farming fishing and forestry. The wealth of malaysia s economy in terms of fixed assets increased to rm3 2 trillion. The largest sector of the economy is services accounting for around 54 percent of gdp. This entry shows where production takes place in an economy.

Industry includes mining manufacturing energy production and construction. Treasury joint international investment position iip report by residence companies by department of statistic malaysia and bank negara malaysia. Services sector continued as the main impetus to the economic growth which increased 6 1 per cent q3 2019. Malaysia s gdp decreased at a slower pace of 2 7 per cent from the double digit decline 17 1 per cent in the second quarter of 2020.

Agriculture is now a minor sector of the malaysian economy accounting for 7 1 of malaysia s gdp in 2014 and employing 11 1 of malaysia s labour force contrasting with the 1960s when agriculture accounted for 37 of malaysia s gdp and employed 66 2 of the labour force. Gdp growth annual malaysia from the world bank. The gdp value of malaysia represents 0 30 percent of the world economy. Malaysia is a developing economy in asia which in recent years has successfully transformed from an exporter of raw materials into a diversified economy.

In 2015 malaysia s ppp gdp per capita was estimated at 26 300 20 while the nominal gdp per capita stood at 9 776 206. 4 7 with a value of rm1 42 trillion at constant prices and rm1 51 trillion at current prices. 8 in accordance to the latest sna 2008 beginning 1q 2012 publication fisim are now distributed across the various economic sector. Gdp in malaysia averaged 96 63 usd billion from 1960 until 2019 reaching an all time high of 364 70 usd billion in 2019 and a record low of 1 90 usd billion in 1961.

Friday 13 november 2020 1200 capital stock statistics 2019.