Malaysia: Real GDP Growth
Malaysia’s economy registered the lowest growth rate of the year 2019 in the fourth quarter: 3.59% y/y, decelerating from 4.37% y/y in the previous quarter. That was also the slowest growth rate during the last decade.
The private consumption remained robust, growing by 8.13% y/y. Government expenditure, however, recorded a more modest 1.28% y/y increase. Investment remained in a negative territory declining by 0.73% y/y in Q4 2019. Both exports and imports had also negative contributions, dropping by 3.13% y/y and 2.31% y/y, respectively.
The annual growth rate of Malaysia’s economy in the full year 2019 was 4.33%, which is less than the 4.74% growth rate, recorded in 2018. During the last decade, after the global financial crisis in 2009, Malaysia’s real GDP growth averaged around 5.3%.
Detailed data and analysis on Malaysia’s Real GDP growth can be found in the CEIC Malaysia Economy in a Snapshot – Q4 2019.