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Malaysia gdp for 2020 was $337.46B, a 7.59% decline from 2019. Malaysia gdp for 2019 was $365.18B, a 1.78% increase from 2018. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
20 Jun 2023 · Against this backdrop, Malaysia’s economic growth is set to reach 4% in 2023, surpassing the average growth of 3.1% observed during the previous five years (2018-22), forecasts GlobalData, a leading data and analytics company.
Over the past 50 years, Malaysia has successfully reduced extreme poverty and promoted shared prosperity. Its goal is to attain high-income and developed nation status while ensuring that shared prosperity is sustainable.
The Malaysian Economy in Figures 2022. Prepared by the Economic Planning Unit, Prime Minister’s Department. Phone : 03-8000 8000 Website : www.epu.gov.my. Background on Malaysia. Malaysia covers an area of 330,241 square kilometers and lies entirely in the equatorial zone, with the average daily temperature throughout Malaysia is 26.7 C.
The economy of Malaysia is the fifth largest in Southeast Asia and the 36th largest in the world in terms of nominal GDP. When measured by purchasing power parity, its GDP climbs to the 30th largest. Malaysia is forecasted to have a nominal GDP nearly half a trillion US$ by the end of 2024. [22]
16 Feb 2024 · 16 Feb 2024. The economy grew by 3% in the fourth quarter. The Malaysian economy expanded by 3% in the fourth quarter of 2023 (3Q 2023: 3.3%; 2Q 2023: 2.9%). Household spending remained supported by improving labour market conditions and easing cost pressures.
GDP growth (annual %) - Malaysia. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0.
