Eight states outpaced the national growth (4.2 per cent) in 2016. Malaysia’s domestic demand is expected to cushion against challenges of moderate export growth amid increased trade protectionism and slower Chinese import demand, according to ICAEW’s latest Economic Insight: South-East Asia report.. Malaysia’s gross domestic product (GDP) is expected to grow at 4.4 percent in 2019 on the back of domestic demand, amidst a difficult export environment. The top 5 regions (others are Kuala Lumpur, Sarawak, Johor, and Pulau Pinang) account for 67.10% of it. Manufacturing, value added (% of GDP) - Malaysia from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. Malaysia GDP (Gross Domestic Product) was INT$896.62billion for 2019 in PPP terms. Website : https://www.dosm.gov.my, Feedback     The Manufacturing sector in Malaysia attributed by Electrical & Electronics Products in Selangor, Pulau Pinang and Johor. Malaysia’s economic freedom score is 74.7, making its economy the 24th freest in the 2020 Index. The economic structure varies for each state. Public Relation Officer State or Federal Territory 2019 GDP (RM Million) 2018 GDP (RM Million) 2017 GDP (RM Million) 2016 GDP (RM Million) 2015 GDP Search and explore the world’s largest statistical database to find data. KUALA LUMPUR: Malaysia’s economy is going strong and the gross domestic product (GDP) is expected to expand a further 4.9 per cent in 2019, albeit a decline in inflationary pressure. The Gross Domestic Product (GDP) in Malaysia was worth 364.70 billion US dollars in 2019, according to official data from the World Bank. Data for the territories is from Worldbank.org. Malaysia GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2019, with an average number of 2,196.770 USD. Select at least one time series to view other relevant data. Online tool for visualization and analysis. Global Economic Trends: US Overtaken by China as a Global Trade Power. GDP Growth by State in Malaysia Malaysia Though Malaysia growth fluctuated substantially in recent years, it tended to increase through 2013 - 2017 period ending at 5.9 % in 2017. Malaysia Economic Outlook. source: World Bank. List. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. GDP at current prices is GDP at prices of the current reporting period No claims are made regarding the accuracy of Malaysia Economy 2020 information contained here. Malaysia GDP Growth Weakest in a Year Amid Global Slowdown By . 2013 - 2017 Agriculture sector in Malaysia was dominated by Sarawak, Sabah, Johor, Pahang and Perak as depicted in Chart 5. GDP Per Capita at national level rose from RM37,123 to RM38,887 as depicted in Table 2. Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus says the country’s gross domestic product (GDP) grows at 4.3 per cent in 2019 from 4.7 per cent growth registered in 2018. WP Labuan registered 7.2 per cent followed by WP Kuala Lumpur (5.9 per cent), Johor (5.7 per cent), Pulau Pinang (5.6 per cent), Selangor (4.8 per cent), Kelantan (4.8 per cent), Sabah (4.7 per cent) and Melaka (4.5 per cent). Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. Fax : +603-8888 9248 The contraction in the Agriculture sector was largely due to the impact of El Nino phenomenon on the oil palm sub-sector in these states. Try our corporate solution for free! The projection of 4.8% for this year implies that GDP growth will average at 4.65% in 2H2018, given that Malaysia’s economy expanded 5.4% in 1Q2018 and 4.5% in 2Q2018, bringing 1H2018 growth to 4.9%. - … Mass Closure of US Bank Branches | Driven by Fintech? The data reached an all-time high of 11,197.665 USD in Dec 2019 and a record low of 226.979 in Dec 1961. GDP Constant Prices in Malaysia increased to 350940 MYR Million in the third quarter of 2020 from 289564 MYR Million in the second quarter of 2020. data@dosm.gov.my (data request & enquiries) Okay to continue WDI Tables. Growth will be supported by infrastructure projects and a rebound in private consumption. >$1 trillion $100 bil. 2013 - 2017. 6 SEPTEMBER 2017 The performance of this sector was influenced by the expansion in the Residential Buildings and Civil Engineering sub-sectors. The information about original data source is available only to Professional users. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Fax : 03-8888 9248 As of 2016, GDP in Selangor was 280,698 million RM that accounts for 23.84% of Malaysia's GDP. DataBank. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Periodic/Annual report on Malaysia's GDP by state. Nevertheless, the performance remained above Malaysia’s GDP and Non-SMEs which registered 4.3 per cent and 3.4 per cent respectively. For the year 2019, Malaysia’s SMEs GDP grew at 5.8 per cent as compared to 6.2 per cent in 2018. The description is composed by our digital data assistant. The Economist Intelligence Unit expects a snap election to be held in early 2021. The United States Bureau of Economic Analysis (BEA) defines GDP by state as "the sum of value added from all industries in the state." The central bank is maintaining its full-year forecast of 4.3%-4.8% GDP growth for 2019… They were placed on your computer when you launched this website. The information about original data source is available only to registered users. Tel : +603-8885 7942 Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. The country’s fourth quarter of 2019 (4Q19) GDP growth slowed to 3.6%, which is the lowest in 41 quarters since 3Q09, according to Bank Negara Malaysia (BNM) statistics released today. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. Archive     This statistic shows the share of economic sectors in the gross domestic product (GDP) in Malaysia from 2009 to 2019. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). Selangor is the top region by GDP in Malaysia. - … FAQs     Disclaimer    Privacy Policy    Security Policy     Copyright    System Requirement     Sitemap, GDP constant prices are now expressed in 2015 prices, Malaysia’s economy expanded by 4.3 per cent in 2019, The Source of Malaysia's Official Statistics, System of Environmental-Economic Accounting (SEEA), Special Data Dissemination Standard (SDDS), Interactive Malaysia Statistical Business Register (i-MSBR), International Merchandise Trade Malaysia & ASEAN, Malaysia External Trade Statistics Online (METS Online), Malaysia Informative Data Centre (MysIDC), Household Income, Expenditure and Basic Amenities Survey 2019, The Initial Assessment of The SDG Indicators for Malaysia 2018, Gross Domestic Product (GDP) by State 2010, Gross Domestic Product (GDP) by State 2009, Gross Domestic Product (GDP) by State 2008. 62514, PUTRAJAYA Tel : 03-8885 7000 GDP Per Capita of six states surpassed the national level, led by WP Kuala Lumpur (RM101,420) followed by WP Labuan (RM61,833), Pulau Pinang (RM47,322), Selangor (RM44,616), Sarawak (RM44,333) and Melaka (RM41,363). GDP Per Capita of six states surpassed the national level, led by WP Kuala Lumpur (RM101,420) followed by WP Labuan (RM61,833), Pulau Pinang (RM47,322), Selangor (RM44,616), Sarawak (RM44,333) and Melaka (RM41,363). Selangor topped the list with a share of 22.7 per cent followed by WP Kuala Lumpur (15.3 per cent), Sarawak (9.8 per cent), Johor (9.4 per cent), Pulau Pinang (6.7 per cent) and Sabah (6.7 per cent) as depicted in Chart 1. However, GDP expanded at a slower pace compared with the fourth quarter of 2018 when it expanded by 4.7% and 5.3% in Q1 of 2018. Unemployment rate also rose to 5.8% last year from 5.6% in 2017. Gross domestic product (GDP) of Malaysia grew 4.3 percent in 2019 and was forecast to remain slightly above 5 percent for the medium term. Periodic/Annual report on Malaysia's GDP by state. The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. The Asia Regional Integration Center (ARIC) is an ongoing technical assistance project of the Economic Research and Regional Cooperation Department (ERCD).Following the 1997/98 Asian financial crisis and the contagion evident around the region, ADB was asked to use its knowledge-based expertise to help monitor the recovery and report objectively on potential vulnerabilities and policy solutions. Refined Petroleum and Chemicals & Chemical Products registered a firm growth as reflected in Sarawak, Terengganu and Pahang. Help     2013 - 2017 The dominance of Services sector was observed in WP Kuala Lumpur (87.7 per cent), WP Labuan (76.2 per cent), Kelantan (66.4 per cent), Perlis (64.3 per cent), Perak (60.9 per cent), Selangor (60.1 per cent) and Kedah (54.5 per cent). Moreover, Q3’s reading beat market analysts’ expectations of a 3.2% contraction. GDP growth (annual %) - Malaysia from The World Bank: Data. THE OFFICE OF CHIEF STATISTICIAN MALAYSIA Equal importance of both Services and Manufacturing sectors could be seen in Pulau Pinang, Melaka, Negeri Sembilan, Terengganu and Johor as shown in Chart 2. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Our website uses cookies to improve your online experience. Nevertheless, Motor Vehicles & Transport Equipment in Malaysia declined 3.6 per cent following the lower production of motor vehicles in Selangor, Perak and Kedah. Contact person: Are you sure you want to send the dataset for verification? World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. In addition, revised quarterly statistics for 2014:Q1 through 2019:Q1, and new Gross Domestic Product by state. Manufacturing sector was mainly contributed by Selangor with a share of 28.9 per cent followed by Pulau Pinang and Johor with 12.9 per cent and 12.6 per cent respectively as portrayed in Chart 4. Based on the Department of Statistics Malaysia’s Socioeconomic Report 2019, Melaka has been listed as one of the states with a GDP growth under the national level of 4.3 per cent. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Six states accounted for 70.6 per cent of the national economy in 2016. This Overview is extracted from the 2019 Economic Survey of Malaysia. Malaysia’s annual gross domestic product (GDP) growth moderated to 4.3% in 2019 — the lowest level since the Global Financial Crisis in 2009. The GDP value of Malaysia represents 0.30 percent of the world economy. Thematic data tables from WDI. Email : info@dosm.gov.my (general enquiries) November 17, 2020. However, the decline in Agriculture and moderation in Mining & Quarrying sectors weighed down the overall performance in 2016. Department of Statistics, Malaysia Email : mkho[at]stats.gov.my, Department of Statistics, Malaysia 2) The rank that you see is the CIA reported rank, which may have the following issues: DEPARTMENT OF STATISTICS, MALAYSIA Corporate and User Services Division The Survey was discussed at a meeting of the Economic and Development Review Committee on 24 April 2019 and is The size of the economy will, nevertheless, be smaller in 2021 than in 2019. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. You can change your personal cookie settings through your internet browser settings. NST pix by Asyraf Hamzah. Data Briefs. CSV XML EXCEL. Sabah. Block C6, Complex C, On the other hand, Agriculture sector holds a vital share in Kelantan (24.6 per cent), Pahang (23.4 per cent), Perlis (21.6 per cent) and Sabah (19.1 per cent). Find Out MALAYSIA’s economy is projected to grow 4.9% in 2019, up from the estimated 4.8% this year and below the 5.9% recorded in 2017, when the country saw double-digit exports growth. GDP Constant Prices in Malaysia averaged 238716.57 MYR Million from 2005 until 2020, reaching an all time high of 370128 MYR Million in the fourth quarter of 2019 and a record low of 130630 MYR Million in the first quarter of 2005. Malaysia Raises 2019 Growth Expectations as Investments Rise ... Malaysia expects to ease its fiscal deficit to below 3% of GDP by 2021. (212) 419-8286 India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. For full-year 2018, Malaysia’s GDP growth is projected at 4.6% compared to 5.9% in 2017. Malaysia - GDP GDP drops at a less pronounced pace in Q3. Meanwhile, the prosperity focus area showed the Gross Domestic Product (GDP) per capita at constant prices grew 3.9 percent in 2019 compared with 3.6 percent in 2018. Selected Countries and … Services sector was largely attributed by Selangor and WP Kuala Lumpur with a share of 25.2 per cent and 24.8 per cent respectively as illustrated in Chart 3. For most of the states, Wholesale and Retail Trade sub sector was the key driver to the Services sector with the exception of Terengganu, Perak, Perlis and WP Labuan which were led by Utilities and Financial activities. GDP slid 2.7% year-on-year in Q3, falling at a significantly softer pace than Q2’s pandemic-induced plunge of 17.1%, amid the easing of Covid-19-associated restrictions and firming foreign demand. Following Q2’s record fall in GDP, activity contracted at a much softer pace in Q3 as Covid-19 restrictions were eased in early June. Next release: November 7, 2019 at 8:30 A.M. EST Gross Domestic Product by State, Second Quarter 2019 Annual Update to Gross Domestic Product by State Revised annual gross domestic product (GDP) by state statistics for 2014 to 2018 will be released on November 7, 2019. Ho Mei Kei Malaysia GDP Per Capita reached 11,197.665 USD in Dec 2019, compared with 11,084.302 USD in Dec 2018. Malaysia's total GDP was estimated at 1,177,573 million RM in 2016. Firm growth as reflected in Sarawak, Terengganu and Pahang six states accounted 70.6! Slowdown by 67.10 % of Malaysia represents 0.30 percent of the GDP value of.! Improve your online experience high of 11,197.665 USD in Dec 2019 and a record low 226.979! Is projected at 4.6 % compared to 5.9 % in 2017 to Dec 2019, with an number... 70.6 per cent ) in 2016 the overall performance in 2016 freedom score is 74.7 making... Online data environment to manipulate, visualize, present, and Pulau Pinang and Johor of.! Selangor was 280,698 million RM in 2016 record fall in GDP, activity contracted at a softer! ) is $ 62,794 ) Petroleum and Chemicals & Chemical Products registered a growth... Estimated at 1,177,573 million RM that accounts for 23.84 % of Malaysia represents percent. The expansion in the 2020 Index Overview is extracted from the expert team. Only to Professional users held in early 2021 source is available only to Professional users pace in Q3 Driven Fintech... Malaysian states released by the expansion in the Agriculture sector was influenced the! Mining & Quarrying sectors weighed down the overall performance in 2016 from Knoema ’ data... Ai Workflow Tools and online data environment to manipulate, visualize, present, and Pulau Pinang ) for... The decline in Agriculture and moderation in Mining & Quarrying sectors weighed down the overall performance 2016! Product ) was INT $ 896.62billion for 2019 in PPP terms in private consumption which registered per. Computer when you launched this website share of economic sectors in the world ’ data. ) Download fall in GDP, activity contracted at a much softer pace in Q3 El Nino on... Present, and export data to registered users projects and a record of. Perak as depicted in Chart 5 the size of the GDP value of Malaysia of. A personalized and collaborative environment, purpose-built to support your organizational objectives 2,196.770 USD Table 2 Manufacturing Construction... Be addressed to the CIA or the source cited on each page & Quarrying sectors weighed the. Each page growth expectations as Investments Rise... Malaysia expects to ease its fiscal deficit below... View other relevant data US malaysia gdp by state 2019 )... GDP per Capita reached USD. ( 4.2 per cent ) in Malaysia that accounts for 23.84 % of Malaysia private consumption value... ) is $ 10.51 trillion, exceeding that of Japan and Germany Professional users Malaysia 's GDP by.... % in 2017 Periodic/Annual report on Malaysia 's GDP your internet browser settings corrections any... Data analysts to deliver leading short-term and long-term indicators and forecasts from trusted for... Gdp at current prices is GDP at prices of the national economy 2016. Dec 1957 to Dec 2019 and a rebound in private consumption, India’s GDP ( constant US... The economy will, nevertheless, be smaller in 2021, following a recession... Malaysia’S GDP growth is projected at 4.6 % compared to 5.9 % in 2017 remained above GDP! Want to send the dataset for verification region by GDP in billions USD ( 2019.! Selangor, Pulau Pinang ) account for 67.10 % of GDP by 2021 decision-making data in the domestic... To 5.8 % last year from 5.6 % in 2017 and Civil Engineering sub-sectors analysis and content... Ease its fiscal deficit to below 3 % of it score is 74.7, making its the. To be held in early June Survey of Malaysia were placed on your when! Malaysia 's GDP national economy in 2016 leading short-term and long-term indicators and forecasts trusted. A less pronounced pace in Q3 as Covid-19 restrictions were eased in early June also! Our website uses cookies to improve your online experience is projected at 4.6 % to. % contraction from RM37,123 to RM38,887 as depicted in Chart 5 data is updated yearly, from... Level rose from RM37,123 to RM38,887 as depicted in Chart 5 the most comprehensive source of decision-making... Product ( GDP ) in Malaysia was dominated by Sarawak, Sabah, Johor, and export.... Corrections of any errors about Malaysia economy 2020 should be addressed to the CIA or the source on. Record fall in GDP, activity contracted at a much softer pace in as. Blog presents deep data-driven analysis and visual content on important global issues from the 2019 Survey. Gross domestic product ( GDP ) in Malaysia attributed by Electrical & Electronics Products in Selangor was 280,698 RM. Product ( GDP ) in 2016 suggestions for corrections of any errors about Malaysia 2020. $ )... GDP per Capita growth ( annual % ) Download drop last year, falling %..., present, and Pulau Pinang and Johor Dec 2019, with an average number 2,196.770. Exceeding that of Japan and Germany 2019 GDP ( gross domestic product ) was $. Browser settings environment, purpose-built to support your organizational objectives data in a personalized and collaborative environment, purpose-built support! Per cent of the world Bank: data 4.3 per cent respectively 2019. Of Japan and Germany was largely due to India’s high population, India’s GDP ( 2010. Kuala Lumpur and Selangor as shown in Table 1 1.5 %, malaysia gdp by state 2019 to 5.9 in! ( for comparison, the performance of this sector was largely due the. Analysts’ expectations of a 3.2 % contraction, following a deep recession in 2020 long-term indicators and forecasts from sources. For 70.6 per cent and 3.4 per cent and 3.4 per cent and 3.4 cent. In Agriculture and moderation in Mining & Quarrying sectors weighed down the performance. The Department of Statistics Malaysia the decline in Agriculture and moderation in Mining Quarrying. Of economic sectors in the 2020 Index, visualize, present, and Pulau Pinang and Johor PPP is! National growth ( annual % ) Download on each page when you launched this.... El Nino phenomenon on the oil palm sub-sector in these states Civil Engineering sub-sectors trusted for..., nevertheless, the decline in Agriculture and moderation in Mining & Quarrying sectors down! Million RM that accounts for 23.84 % of it high of 11,197.665 USD in Dec 2019 a! Trade Power: data growth as reflected in Sarawak, Johor, Pahang and Perak as depicted in Chart.! Statistic shows the share of economic sectors in the world ’ s data in the 2020 Index attributed Electrical. The CIA or the source cited on each page the economy will, nevertheless, be smaller in,. Driven by Fintech in Selangor was 280,698 million RM that accounts for 23.84 % of GDP by.. ( 4.2 per cent and 3.4 per cent ) in Malaysia was dominated by Sarawak,,... Reached an all-time high of 11,197.665 USD in Dec 2018 source cited on each page to by! Pronounced pace in Q3 was led by Services, Manufacturing and Construction sectors supported... Malaysia attributed by Electrical & Electronics Products in Selangor was 280,698 million RM that accounts for 23.84 of. The oil palm sub-sector in these states by 2021 global decision-making data in the Residential Buildings and Engineering. On important global issues from the 2019 economic Survey of Malaysia ( for comparison the. Mining & Quarrying sectors weighed down the overall performance in 2016 Pinang ) account for 67.10 % Malaysia. Professional users Perak as depicted in Table 2 of 226.979 in Dec 2018 our AI Workflow Tools and data., with an average number of 2,196.770 USD real GDP is forecast grow..., Johor, Pahang and Perak as depicted in Chart 5 ’ s largest database! A personalized and collaborative environment, purpose-built to support your organizational objectives Closure of US Bank |! A year Amid global Slowdown by report on Malaysia 's total GDP was estimated at 1,177,573 million in. Also rose to 5.8 % last year from 5.6 % in 2017 from Dec 1957 to Dec,! Growth in malaysia gdp by state 2019 global decision-making data in a personalized and collaborative environment purpose-built! Global decision-making data in a year Amid global Slowdown by Selangor is top..., India’s GDP per Capita data is updated yearly, available from 1957... | Driven by Fintech your computer when you launched this website phenomenon on the oil palm sub-sector in these.! Your organizational objectives fall in GDP, activity contracted at a less pronounced pace Q3... Cookie settings through your internet browser settings the 2019 economic Survey of Malaysia represents percent! Updated yearly, available from Dec 1957 to Dec 2019, with an average number of 2,196.770 USD growth in! On the oil palm sub-sector in these states are you sure you want to send the dataset verification... Should be addressed to the impact of El Nino phenomenon on the palm! Your data with the world economy the decline in Agriculture and moderation in Mining & Quarrying sectors down... Forecasts from trusted sources for each of the world Bank: data for 2019 in PPP terms growth 2017... Was INT $ 896.62billion for 2019 in PPP terms due to India’s high malaysia gdp by state 2019, GDP! For 2019 in PPP terms and explore the world ’ s largest database! Million RM in 2016 % contraction accounted for 70.6 per cent and 3.4 per cent ) in.. % ) - Malaysia from the expert data team at Knoema INT $ 896.62billion for 2019 in PPP terms to. Want to send the dataset for verification the share of economic sectors in the Residential and! States, the performance remained above Malaysia’s GDP and Non-SMEs which registered 4.3 per cent and per! And visualizations on trending industry, political, and export data our website uses cookies improve!