Okay to continue India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Growth will be supported by infrastructure projects and a rebound in private consumption. GDP Per Capita at national level rose from RM37,123 to RM38,887 as depicted in Table 2. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. They were placed on your computer when you launched this website. 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. Public Relation Officer Fax : +603-8888 9248 The description is composed by our digital data assistant. Sabah’s GDP growth recorded its worst drop last year, falling 6.7% to 1.5%, compared to 8.2% growth in 2017. THE OFFICE OF CHIEF STATISTICIAN MALAYSIA Selangor is the top region by GDP in Malaysia. 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. CSV XML EXCEL. 2013 - 2017 Real GDP is forecast to grow by 4.5% in 2021, following a deep recession in 2020. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). 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). Global Economic Trends: US Overtaken by China as a Global Trade Power. The information about original data source is available only to registered users. Refined Petroleum and Chemicals & Chemical Products registered a firm growth as reflected in Sarawak, Terengganu and Pahang. Fax : 03-8888 9248 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. 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. Periodic/Annual report on Malaysia's GDP by state. Corporate and User Services Division This statistic shows the share of economic sectors in the gross domestic product (GDP) in Malaysia from 2009 to 2019. 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. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Department of Statistics, Malaysia 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). Gross Domestic Product by state. 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. 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. Tel : 03-8885 7000 FAQs     Map of U.S. states, the federal district, and Puerto Rico by GDP in billions USD (2019). Malaysia GDP Growth Weakest in a Year Amid Global Slowdown By . Construction sector was led by WP Kuala Lumpur and Selangor as shown in Table 1. Select at least one time series to view other relevant data. The central bank is maintaining its full-year forecast of 4.3%-4.8% GDP growth for 2019… Search and explore the world’s largest statistical database to find data. Six states accounted for 70.6 per cent of the national economy in 2016. Malaysia GDP (Gross Domestic Product) was INT$896.62billion for 2019 in PPP terms. Data for the territories is from Worldbank.org. 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. 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. 2013 - 2017. Email : info@dosm.gov.my (general enquiries) Periodic/Annual report on Malaysia's GDP by state. 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. 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. Contact person: Malaysia’s economy experienced a commendable growth of 4.2 per cent in 2016 as compared to 5.0 per cent in the preceding year. GDP growth (annual %) - Malaysia from The World Bank: Data. State or Federal Territory 2019 GDP (RM Million) 2018 GDP (RM Million) 2017 GDP (RM Million) 2016 GDP (RM Million) 2015 GDP For full-year 2018, Malaysia’s GDP growth is projected at 4.6% compared to 5.9% in 2017. Malaysia Raises 2019 Growth Expectations as Investments Rise ... Malaysia expects to ease its fiscal deficit to below 3% of GDP by 2021. 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. KUALA LUMPUR: The economy expanded by 4.5% at in the first quarter of March 31, 2019 (Q1 2019), which was slightly above economists' forecast of 4.3%, underpinned by services and manufacturing. 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. Moreover, Q3’s reading beat market analysts’ expectations of a 3.2% contraction. 6 SEPTEMBER 2017 >$1 trillion $100 bil. Nevertheless, the performance remained above Malaysia’s GDP and Non-SMEs which registered 4.3 per cent and 3.4 per cent respectively. You can change your personal cookie settings through your internet browser settings. 2) The rank that you see is the CIA reported rank, which may have the following issues: 62514, PUTRAJAYA 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%. Website : https://www.dosm.gov.my, Feedback     All suggestions for corrections of any errors about Malaysia Economy 2020 should be addressed to the CIA or the source cited on each page. 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. source: World Bank. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. Nevertheless, Motor Vehicles & Transport Equipment in Malaysia declined 3.6 per cent following the lower production of motor vehicles in Selangor, Perak and Kedah. The growth was led by Services, Manufacturing and Construction sectors. 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). 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. Are you sure you want to send the dataset for verification? 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. Tel : +603-8885 7942 2013 - 2017 The GDP value of Malaysia represents 0.30 percent of the world economy. 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. 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. The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. 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). No claims are made regarding the accuracy of Malaysia Economy 2020 information contained here. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. As of 2016, GDP in Selangor was 280,698 million RM that accounts for 23.84% of Malaysia's GDP. Our website uses cookies to improve your online experience. Mass Closure of US Bank Branches | Driven by Fintech? Thematic data tables from WDI. Federal Government Administrative Centre, The top 5 regions (others are Kuala Lumpur, Sarawak, Johor, and Pulau Pinang) account for 67.10% of it. 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. Online tool for visualization and analysis. Sabah. - … Eight states outpaced the national growth (4.2 per cent) in 2016. 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. GDP at current prices is GDP at prices of the current reporting period DEPARTMENT OF STATISTICS, MALAYSIA 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. Data Briefs. Ho Mei Kei DataBank. In addition, revised quarterly statistics for 2014:Q1 through 2019:Q1, and new Malaysia Economic Outlook. The Gross Domestic Product (GDP) in Malaysia was worth 364.70 billion US dollars in 2019, according to official data from the World Bank. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Unemployment rate also rose to 5.8% last year from 5.6% in 2017. 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. However, the decline in Agriculture and moderation in Mining & Quarrying sectors weighed down the overall performance in 2016. The performance of this sector was influenced by the expansion in the Residential Buildings and Civil Engineering sub-sectors. For the year 2019, Malaysia’s SMEs GDP grew at 5.8 per cent as compared to 6.2 per cent in 2018. 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. Malaysia’s annual gross domestic product (GDP) growth moderated to 4.3% in 2019 — the lowest level since the Global Financial Crisis in 2009. (212) 419-8286 Malaysia’s economic freedom score is 74.7, making its economy the 24th freest in the 2020 Index. The information about original data source is available only to Professional users. Email : mkho[at]stats.gov.my, Department of Statistics, Malaysia The Survey was discussed at a meeting of the Economic and Development Review Committee on 24 April 2019 and is Find Out Try our corporate solution for free! NST pix by Asyraf Hamzah. Manufacturing, value added (% of GDP) - Malaysia from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). data@dosm.gov.my (data request & enquiries) 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). Malaysia GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2019, with an average number of 2,196.770 USD. Selected Countries and … Malaysia - GDP GDP drops at a less pronounced pace in Q3. - … 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. The United States Bureau of Economic Analysis (BEA) defines GDP by state as "the sum of value added from all industries in the state." Archive     November 17, 2020. List. 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. 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. 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. Block C6, Complex C, Help     The Manufacturing sector in Malaysia attributed by Electrical & Electronics Products in Selangor, Pulau Pinang and Johor. Periodic/Annual report on Malaysia's GDP by state. Malaysia's total GDP was estimated at 1,177,573 million RM in 2016. 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. Malaysia GDP Per Capita reached 11,197.665 USD in Dec 2019, compared with 11,084.302 USD in Dec 2018. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Agriculture sector in Malaysia was dominated by Sarawak, Sabah, Johor, Pahang and Perak as depicted in Chart 5. 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