Malaysia Gdp World Bank

As for the full year 2020 the world bank forecasts the malaysian economy to decline by 3 1 earlier in april the bank lowered its gross domestic product gdp growth forecast from 4 5 to a.

Malaysia gdp world bank. In 2020 malaysia s gdp is projected to decline by 3 1 percent this year from 4 3 in 2019 mainly reflecting a sharp slowdown in economic activity during the first half of 2020. The world bank said today its 2020 economic growth forecast for malaysia as measured by real gross domestic product gdp had been lowered to a contraction of 4 9 from the previously estimated 3 1 decline following the country s sharper than expected gdp contraction in the second quarter of 2020 2q20 due to the impact of the covid 19 pandemic. The world bank group inclusive growth and sustainable finance hub in malaysia. 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.

Gdp and exports are expected to be negatively affected across the world. The gross domestic product gdp in malaysia was worth 364 70 billion us dollars in 2019 according to official data from the world bank. Malaysia from the world bank. Gdp growth annual malaysia from the world bank.

The gdp value of malaysia represents 0 30 percent of the world economy. The hub is a partnership between malaysia and the world bank. As such the world bank said it expects malaysia gdp growth to resume in 2021 at 6 9 as the outbreak eases. Linked series current lcu gdp ppp constant 2017 international gdp current lcu gdp ppp current international.

While household expenditure and business investment spending are expected to improve gradually they are likely to remain subdued throughout the year due to high levels of uncertainty. Meanwhile the imf has revised its malaysia 2020 gdp forecast to a 3 8 y o y contraction from the previously estimated 1 7 contraction as the covid 19 pandemic has had a more negative impact on global activity in the first half of 2020 1h20 than anticipated. The world bank has anticipated a larger gross domestic product gdp contraction for malaysia of 4 9 in 2020 down from 3 1 previously on the back of a sharper than expected. However on an amplified pandemic scenario the negative impulse for china would be 4 3 developing.

The world bank s base case sees a deviation from the trend rate for china s gdp by 3 7 developing countries by 2 5 and the world by 2 1.