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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. Malaysia GDP Per Capita reached 11,197.665 USD in Dec 2019, compared with 11,084.302 USD in Dec 2018. Nevertheless, Motor Vehicles & Transport Equipment in Malaysia declined 3.6 per cent following the lower production of motor vehicles in Selangor, Perak and Kedah. Periodic/Annual report on Malaysia's GDP by state. 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. Search and explore the world’s largest statistical database to find data. State or Federal Territory 2019 GDP (RM Million) 2018 GDP (RM Million) 2017 GDP (RM Million) 2016 GDP (RM Million) 2015 GDP The Gross Domestic Product (GDP) in Malaysia was worth 364.70 billion US dollars in 2019, according to official data from the World Bank. No claims are made regarding the accuracy of Malaysia Economy 2020 information contained here. Growth will be supported by infrastructure projects and a rebound in private consumption. 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. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). List. Public Relation Officer This Overview is extracted from the 2019 Economic Survey of Malaysia. Six states accounted for 70.6 per cent of the national economy in 2016. The description is composed by our digital data assistant. 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. Periodic/Annual report on Malaysia's GDP by state. Fax : +603-8888 9248 Real GDP is forecast to grow by 4.5% in 2021, following a deep recession in 2020. >$1 trillion $100 bil. 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. Eight states outpaced the national growth (4.2 per cent) in 2016. 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. DataBank. Department of Statistics, Malaysia Email : mkho[at]stats.gov.my, Department of Statistics, Malaysia Map of U.S. states, the federal district, and Puerto Rico by GDP in billions USD (2019). Malaysia - GDP GDP drops at a less pronounced pace in Q3. Periodic/Annual report on Malaysia's GDP by state. Online tool for visualization and analysis. The Survey was discussed at a meeting of the Economic and Development Review Committee on 24 April 2019 and is (212) 419-8286 Malaysia’s economy experienced a commendable growth of 4.2 per cent in 2016 as compared to 5.0 per cent in the preceding year. Gross Domestic Product by state. Malaysia's total GDP was estimated at 1,177,573 million RM in 2016. 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. Archive     Tel : 03-8885 7000 India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Malaysia’s economic freedom score is 74.7, making its economy the 24th freest in the 2020 Index. Based on the Department of Statistics Malaysia’s Socioeconomic Report 2019, Melaka has been listed as one of the states with a GDP growth under the national level of 4.3 per cent. The data reached an all-time high of 11,197.665 USD in Dec 2019 and a record low of 226.979 in Dec 1961. GDP slid 2.7% year-on-year in Q3, falling at a significantly softer pace than Q2’s pandemic-induced plunge of 17.1%, amid the easing of Covid-19-associated restrictions and firming foreign demand. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. Agriculture sector in Malaysia was dominated by Sarawak, Sabah, Johor, Pahang and Perak as depicted in Chart 5. Ho Mei Kei In addition, revised quarterly statistics for 2014:Q1 through 2019:Q1, and new Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. 2) The rank that you see is the CIA reported rank, which may have the following issues: Malaysia GDP Growth Weakest in a Year Amid Global Slowdown By . 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. Construction sector was led by WP Kuala Lumpur and Selangor as shown in Table 1. The top 5 regions (others are Kuala Lumpur, Sarawak, Johor, and Pulau Pinang) account for 67.10% of it. FAQs     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. 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. WP Labuan registered 7.2 per cent followed by WP Kuala Lumpur (5.9 per cent), Johor (5.7 per cent), Pulau Pinang (5.6 per cent), Selangor (4.8 per cent), Kelantan (4.8 per cent), Sabah (4.7 per cent) and Melaka (4.5 per cent). 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. 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. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. 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. 2013 - 2017 2013 - 2017. The performance of this sector was influenced by the expansion in the Residential Buildings and Civil Engineering sub-sectors. Try our corporate solution for free! source: World Bank. 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. Malaysia Raises 2019 Growth Expectations as Investments Rise ... Malaysia expects to ease its fiscal deficit to below 3% of GDP by 2021. 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). The growth was led by Services, Manufacturing and Construction sectors. As of 2016, GDP in Selangor was 280,698 million RM that accounts for 23.84% of Malaysia's GDP. 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. 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. Malaysia’s annual gross domestic product (GDP) growth moderated to 4.3% in 2019 — the lowest level since the Global Financial Crisis in 2009. 2013 - 2017 Federal Government Administrative Centre, The Economist Intelligence Unit expects a snap election to be held in early 2021. Selangor topped the list with a share of 22.7 per cent followed by WP Kuala Lumpur (15.3 per cent), Sarawak (9.8 per cent), Johor (9.4 per cent), Pulau Pinang (6.7 per cent) and Sabah (6.7 per cent) as depicted in Chart 1. Moreover, Q3’s reading beat market analysts’ expectations of a 3.2% contraction. DEPARTMENT OF STATISTICS, MALAYSIA 62514, PUTRAJAYA Contact person: Are you sure you want to send the dataset for verification? Sabah. Block C6, Complex C, Help     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. - … GDP growth (annual %) - Malaysia from The World Bank: Data. 6 SEPTEMBER 2017 Email : info@dosm.gov.my (general enquiries) 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. 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. GDP Per Capita at national level rose from RM37,123 to RM38,887 as depicted in Table 2. WDI Tables. 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). The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. The information about original data source is available only to Professional users. Website : https://www.dosm.gov.my, Feedback     Our website uses cookies to improve your online experience. The United States Bureau of Economic Analysis (BEA) defines GDP by state as "the sum of value added from all industries in the state." - … The economic structure varies for each state. You can change your personal cookie settings through your internet browser settings. 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