Malaysia Gdp Contribution By Sector 2019

The following table is the list of the gdp of malaysian states released by the department of statistics malaysia.

Malaysia gdp contribution by sector 2019. The economy of malaysia is the sixth largest in southeast asia according to the international monetary fund it it also the 39th largest economy in the world. Sme corporation malaysia said the growth in the sector s contribution to the gdp outperformed the overall gdp growth of 4 7 in 2018 with the services and manufacturing sectors continuing to be. Gross value added of tourism industries gvati has recorded a contribution of 15 9 per cent to gross domestic product gdp as compared to 15 2 per cent in 2018 amounted rm240 2 billion 2018. In 2019 the share of agriculture in malaysia s gross domestic product was around 7 28 percent industry contributed approximately 37 42 percent and the services sector contributed about 54 17.

The malaysian economy is highly robust and diversified with the export value of high tech products in 2015 standing at us 57 258 billion. State or federal territory 2019 gdp rm million 2018 gdp rm million 2017 gdp rm million 2016 gdp rm million 2015 gdp. Performance of smes gdp. This performance exceeded malaysia s gdp and non smes which registered 4 7 per cent and 3 8 per cent respectively as shown in chart 1 the contribution of smes gdp to malaysia s gdp rose to 38 3 per cent from 37 8 per cent in the previous year.

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 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. Gross domestic product by state. Slower growth in most sectors of the economy source.

Malaysia s smes gdp for year 2018 grew at 6 2 per cent as compared to 7 1 per cent in 2017. Contributions to real gdp by economic sector services and manufacturing sectors remained the key drivers of growth 4 7 4 5 1. The gdp value of malaysia represents 0 30 percent of the world economy. The tourism industry continues to maintain in a good momentum for 2019.

Malaysia has a newly industrialised market economy which is relatively open and state oriented. In 2019 gvati grew at a rate of 9 0 per cent 2018. Malaysia s economy shrank by 17 1 percent year on year in the second quarter of 2020 the first contraction since the third quarter 2009 and the steepest fall since the fourth quarter of 1998 and worse than market expectations of a 10 percent contraction reflecting the negative impact of measures taken both globally and domestically to contain the spread of the covid 19 pandemic.