Overview 2019 Malaysia Gdp By Sector 2019

This overview is extracted from the 2019 economic survey of malaysia.

Overview 2019 malaysia gdp by sector 2019. Department of statistics malaysia services manufacturing agriculture mining construction chart 7. 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. The gdp value of malaysia represents 0 30 percent of the world economy. 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.

Department of statistics malaysia services manufacturing agriculture. How our economy will fare in 2020 malaysian economy to grow 4 8 in 2020 vs 4 7 in 2019. 2019 chapter 3 54. 4 7 with a value of rm1 42 trillion at constant prices and rm1 51 trillion at current prices.

The survey was discussed at a meeting of the economic and development review committee on 24 april 2019 and is published on the responsibility of the secretary general of the oecd. 4q 2018 1q 2019 source. Overall year 2019 malaysia s economy registered a growth of 4 3 per cent 2018. Revenue and grants totaled 10 3 of gdp through december 2019 below the target of 12 2 of gdp.

Following q2 s unprecedented gdp drop early data points to a slowdown in recovery towards end q3. After rebounding in july industrial production eased markedly in august while the manufacturing pmi fell deeper into contractionary territory in september as lingering covid 19 disruptions reduced. Net capital stock which portrays the wealth of malaysia s economy increased to rm3 1 trillion and registered a growth of 4 2 per cent. Malaysia s economic performance expanded to 5 9 per cent in 2017 as compared to 4 2 per cent in 2016.

The gross domestic product gdp in malaysia was worth 364 70 billion us dollars in 2019 according to official data from the world bank. Real gross domestic product gdp growth for 2020 was projected in september 2019 at 4 8 due to an expectation of the second consecutive year of strong harvests offset by continuing political uncertainty weighing on business activity and investment. For about 55 of gdp the growth in the services sector is projected to grow 6 3 and 5 9 in 2018 and 2019 respectively reflecting expansion across all subsectors as the sector has diversified over the years. Malaysia has a newly industrialised market economy which is relatively open and state oriented.

The malaysian economy is highly robust and diversified with the export value of high tech products in 2015 standing at us 57 258 billion. Economic performance for fourth quarter 2019. Growth by sector 6 4 4 2 5 6 2 1 0 3 6 4 2 0 2 4 6 8 10 annual change slower growth in most sectors of the economy source. Against the backdrop of heightening external headwinds domestic demand is expected to spearhead growth increase by 4 8 in 2020 after registering a 4.