Are you sure you want to send the dataset for verification? DataBank. 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 GDP value of Malaysia represents 0.30 percent of the world economy. GDP Per Capita at national level rose from RM37,123 to RM38,887 as depicted in Table 2. Unemployment rate also rose to 5.8% last year from 5.6% in 2017. 2) The rank that you see is the CIA reported rank, which may have the following issues: Gross Domestic Product by state. World Economics makes available of worldâs most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Search and explore the world’s largest statistical database to find data. Malaysiaâs annual gross domestic product (GDP) growth moderated to 4.3% in 2019 â the lowest level since the Global Financial Crisis in 2009. 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. 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. Following Q2âs record fall in GDP, activity contracted at a much softer pace in Q3 as Covid-19 restrictions were eased in early June. Periodic/Annual report on Malaysia's GDP by state. Selected Countries and ⦠Moreover, Q3âs reading beat market analystsâ expectations of a 3.2% contraction. The economic structure varies for each state. Manufacturing, value added (% of GDP) - Malaysia from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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. For the year 2019, Malaysiaâs SMEs GDP grew at 5.8 per cent as compared to 6.2 per cent in 2018. Federal Government Administrative Centre, Contact person: 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). Tel : 03-8885 7000 - ⦠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). Select at least one time series to view other relevant data. 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. They were placed on your computer when you launched this website. Thematic data tables from WDI. Malaysia GDP (Gross Domestic Product) was INT$896.62billion for 2019 in PPP terms. Data Briefs. As of 2016, GDP in Selangor was 280,698 million RM that accounts for 23.84% of Malaysia's GDP. Selangor is the top region by GDP in Malaysia. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. This statistic shows the share of economic sectors in the gross domestic product (GDP) in Malaysia from 2009 to 2019. Periodic/Annual report on Malaysia's GDP by state. Okay to continue FAQs Malaysiaâs domestic demand is expected to cushion against challenges of moderate export growth amid increased trade protectionism and slower Chinese import demand, according to ICAEWâs latest Economic Insight: South-East Asia report.. Malaysiaâs 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. Try our corporate solution for free! 2013 - 2017 Curated by Knoemaâs data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. 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. GDP slid 2.7% year-on-year in Q3, falling at a significantly softer pace than Q2âs pandemic-induced plunge of 17.1%, amid the easing of Covid-19-associated restrictions and firming foreign demand. 6 SEPTEMBER 2017 Based on the Department of Statistics Malaysiaâs 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. Archive 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. Block C6, Complex C, 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. The Economist Intelligence Unit expects a snap election to be held in early 2021. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. 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. Department of Statistics, Malaysia Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus says the countryâs gross domestic product (GDP) grows at 4.3 per cent in 2019 from 4.7 per cent growth registered in 2018. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. Map of U.S. states, the federal district, and Puerto Rico by GDP in billions USD (2019). 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). State or Federal Territory 2019 GDP (RM Million) 2018 GDP (RM Million) 2017 GDP (RM Million) 2016 GDP (RM Million) 2015 GDP GDP growth (annual %) - Malaysia from The World Bank: Data. The countryâs 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. Data for the territories is from Worldbank.org. Mass Closure of US Bank Branches | Driven by Fintech? 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. The performance of this sector was influenced by the expansion in the Residential Buildings and Civil Engineering sub-sectors. Malaysia GDP Per Capita reached 11,197.665 USD in Dec 2019, compared with 11,084.302 USD in Dec 2018. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. Ho Mei Kei Fax : +603-8888 9248 Construction sector was led by WP Kuala Lumpur and Selangor as shown in Table 1. Help 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. The Survey was discussed at a meeting of the Economic and Development Review Committee on 24 April 2019 and is 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. - ⦠source: World Bank. Malaysia - GDP GDP drops at a less pronounced pace in Q3. You can change your personal cookie settings through your internet browser settings. Website : https://www.dosm.gov.my, Feedback 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. Real GDP is forecast to grow by 4.5% in 2021, following a deep recession in 2020. The growth was led by Services, Manufacturing and Construction sectors. Nevertheless, Motor Vehicles & Transport Equipment in Malaysia declined 3.6 per cent following the lower production of motor vehicles in Selangor, Perak and Kedah. No claims are made regarding the accuracy of Malaysia Economy 2020 information contained here. The size of the economy will, nevertheless, be smaller in 2021 than in 2019. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Malaysia GDP Growth Weakest in a Year Amid Global Slowdown By . Sabahâs GDP growth recorded its worst drop last year, falling 6.7% to 1.5%, compared to 8.2% growth in 2017. 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. 62514, PUTRAJAYA Online tool for visualization and analysis. KUALA LUMPUR: Malaysiaâs 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. Agriculture sector in Malaysia was dominated by Sarawak, Sabah, Johor, Pahang and Perak as depicted in Chart 5. 2013 - 2017. The description is composed by our digital data assistant. 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. The central bank is maintaining its full-year forecast of 4.3%-4.8% GDP growth for 2019⦠For full-year 2018, Malaysiaâs GDP growth is projected at 4.6% compared to 5.9% in 2017. 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. Fax : 03-8888 9248 Sabah. Nevertheless, the performance remained above Malaysiaâs GDP and Non-SMEs which registered 4.3 per cent and 3.4 per cent respectively. Malaysia Raises 2019 Growth Expectations as Investments Rise ... Malaysia expects to ease its fiscal deficit to below 3% of GDP by 2021. 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). The projection of 4.8% for this year implies that GDP growth will average at 4.65% in 2H2018, given that Malaysiaâs economy expanded 5.4% in 1Q2018 and 4.5% in 2Q2018, bringing 1H2018 growth to 4.9%. Due to Indiaâs high population, Indiaâs GDP per capita is $2,170 (for comparison, the U.S. is $62,794). List. DEPARTMENT OF STATISTICS, MALAYSIA Growth will be supported by infrastructure projects and a rebound in private consumption. data@dosm.gov.my (data request & enquiries) 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. Our website uses cookies to improve your online experience. (212) 419-8286 In addition, revised quarterly statistics for 2014:Q1 through 2019:Q1, and new Refined Petroleum and Chemicals & Chemical Products registered a firm growth as reflected in Sarawak, Terengganu and Pahang. CSV XML EXCEL. Find Out 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. Email : info@dosm.gov.my (general enquiries) 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. Corporate and User Services Division The Gross Domestic Product (GDP) in Malaysia was worth 364.70 billion US dollars in 2019, according to official data from the World Bank. 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). Periodic/Annual report on Malaysia's GDP by state. 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. Malaysiaâs economic freedom score is 74.7, making its economy the 24th freest in the 2020 Index. >$1 trillion $100 bil. The Manufacturing sector in Malaysia attributed by Electrical & Electronics Products in Selangor, Pulau Pinang and Johor. NST pix by Asyraf Hamzah. The top 5 regions (others are Kuala Lumpur, Sarawak, Johor, and Pulau Pinang) account for 67.10% of it. 2013 - 2017 Eight states outpaced the national growth (4.2 per cent) in 2016. November 17, 2020. Malaysia's total GDP was estimated at 1,177,573 million RM in 2016. Malaysia GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2019, with an average number of 2,196.770 USD. GDP at current prices is GDP at prices of the current reporting period Email : mkho[at]stats.gov.my, Department of Statistics, Malaysia All suggestions for corrections of any errors about Malaysia Economy 2020 should be addressed to the CIA or the source cited on each page. THE OFFICE OF CHIEF STATISTICIAN MALAYSIA 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 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. This Overview is extracted from the 2019 Economic Survey of Malaysia. However, the decline in Agriculture and moderation in Mining & Quarrying sectors weighed down the overall performance in 2016. Indiaâs GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Malaysia Economic Outlook. Tel : +603-8885 7942 WDI Tables. The information about original data source is available only to Professional users. MALAYSIAâs 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. Global Economic Trends: US Overtaken by China as a Global Trade Power. Six states accounted for 70.6 per cent of the national economy in 2016. Indiaâs 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. Public Relation Officer The information about original data source is available only to registered users. 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