Malaysia GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

Units In

5.3

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
16.1 Jun 2021	-17.2 Jun 2020	4.44 %	2000-2024	N/A

Malaysia is a developing economy in Asia which, in recent years, has successfully transformed from an exporter of raw materials into a diversified economy. The largest sector of the economy is services, accounting for around 54 percent of GDP. Manufacturing sector has been growing in recent years and now accounts for 25 percent of GDP and more than 60 percent of total exports. Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent.

Latest Updates

Malaysia’s economy expanded 4.4% year-on-year in Q1 2025, easing from 5% growth in the previous quarter, according to preliminary estimates. This marks the slowest pace of expansion in a year, driven by softer growth in services (5.2% vs 5.4% in Q4), construction (14.5% vs 20.7%), and manufacturing (4.2% vs 4.4%). At the same time, mining and quarrying output declined more sharply (-4.9% vs -0.9%), due to reduced production of crude oil, condensate, and natural gas. Meanwhile, agriculture rebounded (0.7% vs -0.5%), supported by stronger performance in fishing and other sub-sectors. On a quarterly basis, the economy contracted by 3.7%, following 2.7% growth in Q4.