2013 - 2017. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. Eight states outpaced the national growth (4.2 per cent) in 2016. Email : mkho[at]stats.gov.my, Department of Statistics, Malaysia 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. 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. 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. Contact person: 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. As of 2016, GDP in Selangor was 280,698 million RM that accounts for 23.84% of Malaysia's GDP. The Manufacturing sector in Malaysia attributed by Electrical & Electronics Products in Selangor, Pulau Pinang and Johor. - … 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). Website : https://www.dosm.gov.my, Feedback     WDI Tables. 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. This Overview is extracted from the 2019 Economic Survey of Malaysia. 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. Tel : +603-8885 7942 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. Help     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. The United States Bureau of Economic Analysis (BEA) defines GDP by state as "the sum of value added from all industries in the state." 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. The Gross Domestic Product (GDP) in Malaysia was worth 364.70 billion US dollars in 2019, according to official data from the World Bank. Sabah. Malaysia GDP Growth Weakest in a Year Amid Global Slowdown By . 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). Periodic/Annual report on Malaysia's GDP by state. 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. 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. Selangor is the top region by GDP in Malaysia. The growth was led by Services, Manufacturing and Construction sectors. Okay to continue 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. 2013 - 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. Select at least one time series to view other relevant data. Malaysia’s annual gross domestic product (GDP) growth moderated to 4.3% in 2019 — the lowest level since the Global Financial Crisis in 2009. Agriculture sector in Malaysia was dominated by Sarawak, Sabah, Johor, Pahang and Perak as depicted in Chart 5. Periodic/Annual report on Malaysia's GDP by state. THE OFFICE OF CHIEF STATISTICIAN MALAYSIA Ho Mei Kei Sabah’s GDP growth recorded its worst drop last year, falling 6.7% to 1.5%, compared to 8.2% growth in 2017. 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. 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. 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. 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 following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. Map of U.S. states, the federal district, and Puerto Rico by GDP in billions USD (2019). 62514, PUTRAJAYA Malaysia's total GDP was estimated at 1,177,573 million RM in 2016. You can change your personal cookie settings through your internet browser settings. Gross Domestic Product by state. Archive     2) The rank that you see is the CIA reported rank, which may have the following issues: Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Tel : 03-8885 7000 Growth will be supported by infrastructure projects and a rebound in private consumption. 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. CSV XML EXCEL. 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 economic structure varies for each state. (212) 419-8286 Data for the territories is from Worldbank.org. 2013 - 2017 Periodic/Annual report on Malaysia's GDP by state. 6 SEPTEMBER 2017 Six states accounted for 70.6 per cent of the national economy in 2016. However, the decline in Agriculture and moderation in Mining & Quarrying sectors weighed down the overall performance in 2016. No claims are made regarding the accuracy of Malaysia Economy 2020 information contained here. source: World Bank. Department of Statistics, Malaysia The information about original data source is available only to Professional users. For full-year 2018, Malaysia’s GDP growth is projected at 4.6% compared to 5.9% in 2017. Selected Countries and … Refined Petroleum and Chemicals & Chemical Products registered a firm growth as reflected in Sarawak, Terengganu and Pahang. Manufacturing, value added (% of GDP) - Malaysia from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). All suggestions for corrections of any errors about Malaysia Economy 2020 should be addressed to the CIA or the source cited on each page. GDP Per Capita at national level rose from RM37,123 to RM38,887 as depicted in Table 2. Data Briefs. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. 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. Federal Government Administrative Centre, This statistic shows the share of economic sectors in the gross domestic product (GDP) in Malaysia from 2009 to 2019. GDP at current prices is GDP at prices of the current reporting period 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. Public Relation Officer Real GDP is forecast to grow by 4.5% in 2021, following a deep recession in 2020. The information about original data source is available only to registered users. DEPARTMENT OF STATISTICS, 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. November 17, 2020. NST pix by Asyraf Hamzah. Our website uses cookies to improve your online experience. The GDP value of Malaysia represents 0.30 percent of the world economy. Moreover, Q3’s reading beat market analysts’ expectations of a 3.2% contraction. Find Out 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. Fax : +603-8888 9248 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. Block C6, Complex C, - … 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. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). Nevertheless, Motor Vehicles & Transport Equipment in Malaysia declined 3.6 per cent following the lower production of motor vehicles in Selangor, Perak and Kedah. 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. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. 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 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. Thematic data tables from WDI. State or Federal Territory 2019 GDP (RM Million) 2018 GDP (RM Million) 2017 GDP (RM Million) 2016 GDP (RM Million) 2015 GDP The performance of this sector was influenced by the expansion in the Residential Buildings and Civil Engineering sub-sectors. 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). Online tool for visualization and analysis. List. They were placed on your computer when you launched this website. For the year 2019, Malaysia’s SMEs GDP grew at 5.8 per cent as compared to 6.2 per cent in 2018. 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%. Nevertheless, the performance remained above Malaysia’s GDP and Non-SMEs which registered 4.3 per cent and 3.4 per cent respectively. Unemployment rate also rose to 5.8% last year from 5.6% in 2017. 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. Global Economic Trends: US Overtaken by China as a Global Trade Power. 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