Eight states outpaced the national growth (4.2 per cent) in 2016. 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. Malaysia GDP Per Capita reached 11,197.665 USD in Dec 2019, compared with 11,084.302 USD in Dec 2018. Search and explore the world’s largest statistical database to find data. 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 following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. The economic structure varies for each state. source: World Bank. DEPARTMENT OF STATISTICS, MALAYSIA - … 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. Okay to continue This statistic shows the share of economic sectors in the gross domestic product (GDP) in Malaysia from 2009 to 2019. Email : info@dosm.gov.my (general enquiries) Malaysia GDP Growth Weakest in a Year Amid Global Slowdown By . 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. 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). 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. The GDP value of Malaysia represents 0.30 percent of the world economy. All suggestions for corrections of any errors about Malaysia Economy 2020 should be addressed to the CIA or the source cited on each page. Nevertheless, Motor Vehicles & Transport Equipment in Malaysia declined 3.6 per cent following the lower production of motor vehicles in Selangor, Perak and Kedah. 6 SEPTEMBER 2017 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. Sabah. 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. GDP growth (annual %) - Malaysia from The World Bank: Data. NST pix by Asyraf Hamzah. The Manufacturing sector in Malaysia attributed by Electrical & Electronics Products in Selangor, Pulau Pinang and Johor. GDP Per Capita at national level rose from RM37,123 to RM38,887 as depicted in Table 2. Select at least one time series to view other relevant data. The size of the economy will, nevertheless, be smaller in 2021 than in 2019. Block C6, Complex C, Moreover, Q3’s reading beat market analysts’ expectations of a 3.2% contraction. 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. 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. 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. 2013 - 2017. 2) The rank that you see is the CIA reported rank, which may have the following issues: Malaysia Economic Outlook. Our website uses cookies to improve your online experience. 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 growth was led by Services, Manufacturing and Construction sectors. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. 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 information about original data source is available only to registered users. As of 2016, GDP in Selangor was 280,698 million RM that accounts for 23.84% of Malaysia's GDP. 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. The top 5 regions (others are Kuala Lumpur, Sarawak, Johor, and Pulau Pinang) account for 67.10% of it. Periodic/Annual report on Malaysia's GDP by state. The Survey was discussed at a meeting of the Economic and Development Review Committee on 24 April 2019 and is Sabah’s GDP growth recorded its worst drop last year, falling 6.7% to 1.5%, compared to 8.2% growth in 2017. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. November 17, 2020. 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. Fax : 03-8888 9248 THE OFFICE OF CHIEF STATISTICIAN MALAYSIA 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. 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. 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. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. 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. State or Federal Territory 2019 GDP (RM Million) 2018 GDP (RM Million) 2017 GDP (RM Million) 2016 GDP (RM Million) 2015 GDP Refined Petroleum and Chemicals & Chemical Products registered a firm growth as reflected in Sarawak, Terengganu and Pahang. Corporate and User Services Division Unemployment rate also rose to 5.8% last year from 5.6% 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. Are you sure you want to send the dataset for verification? 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. 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. >$1 trillion $100 bil. GDP at current prices is GDP at prices of the current reporting period Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). 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. 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 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%. Help     No claims are made regarding the accuracy of Malaysia Economy 2020 information contained here. They were placed on your computer when you launched this website. FAQs     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. Data Briefs. Malaysia Raises 2019 Growth Expectations as Investments Rise ... Malaysia expects to ease its fiscal deficit to below 3% of GDP by 2021. Agriculture sector in Malaysia was dominated by Sarawak, Sabah, Johor, Pahang and Perak as depicted in Chart 5. 2013 - 2017 Selangor is the top region by GDP in Malaysia. 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). data@dosm.gov.my (data request & enquiries) WDI Tables. Map of U.S. states, the federal district, and Puerto Rico by GDP in billions USD (2019). Periodic/Annual report on Malaysia's GDP by state. 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. For the year 2019, Malaysia’s SMEs GDP grew at 5.8 per cent as compared to 6.2 per cent in 2018. Growth will be supported by infrastructure projects and a rebound in private consumption. Manufacturing, value added (% of GDP) - Malaysia from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Malaysia's total GDP was estimated at 1,177,573 million RM in 2016. DataBank. For full-year 2018, Malaysia’s GDP growth is projected at 4.6% compared to 5.9% in 2017. 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