Malaysia Gdp Contribution By Sector

In 2015 malaysia experienced an inflation rate of 3 0 while 1 of its population was living below the poverty line. Gdp by kind of economic activity services sector accounted 56 0 per cent of gdp grew 6 9 per cent against 7 2 per cent in the preceding quarter. 2018 as a whole malaysia s economy grew at 4 7 per cent with a value of gross domestic product gdp recorded rm1 23 trillion at constant prices and rm1 43 trillion at current prices.

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Department Of Statistics Malaysia Official Portal

Gdp Decomposition By Sector Malaysia

Department Of Statistics Malaysia Official Portal

The Role Of Industrialisation In Malaysia S Economic Growth The Malaysian Developmentalist

For the year 2019 malaysia s smes gdp grew at 5 8 per cent as compared to 6 2 per cent in 2018.

Malaysia gdp contribution by sector. The gross domestic product gdp in malaysia was worth 364 70 billion us dollars in 2019 according to official data from the world bank. In 2015 malaysia s ppp gdp per capita was estimated at 26 300 20 while the nominal gdp per capita stood at 9 776 206. Despite its minor contribution to malaysia s gdp malaysia has a significant foothold in the world s agricultural sector being the world s second largest producer of palm oil in 2012 producing 18 79 million tonnes of crude palm oil on roughly 5 000 000 hectares 19 000 sq mi of land. Gdp in malaysia averaged 96 63 usd billion from 1960 until 2019 reaching an all time high of 364 70 usd billion in 2019 and a record low of 1 90 usd billion in 1961.

The gdp value of malaysia represents 0 30 percent of the world economy. Gross domestic product by state. Gdp from services in malaysia decreased to 167439 myr million in the second quarter of 2020 from 201066 myr million in the first quarter of 2020. At the same time the contribution of the financial sector to nominal gdp is expected to grow from 8 6 percent of nominal gdp in 2010 to between 10 and 12 percent by 2020.

Nevertheless the performance remained above malaysia s gdp and non smes which registered 4 3 per cent and 3 4 per cent respectively. Gdp from services in malaysia averaged 152566 81 myr million from 2010 until 2020 reaching an all time high of 216950 myr million in the fourth quarter of 2019 and a record low of 99821 myr million in the first quarter of 2010. This entry shows where production takes place in an economy. The contribution of smes to gdp increased to 38 9 per cent from 38 3 per cent in the previous year.

The distribution gives the percentage contribution of agriculture industry and services to total gdp and will total 100 percent of gdp if the data are complete. The statistics department said today malaysia s small and medium enterprises smes contribution to the country s gross domestic product gdp rose to 38 3 in 2018 from 37 8 in 2017 led by expansion in the services and manufacturing sectors and as smes exports grew. State or federal territory 2018 gdp rm million 2017 gdp current rm million 2016 gdp rm million 2015 gdp rm million 2014 gdp rm million 2013 gdp rm million. Agriculture includes farming fishing and forestry.

Industry includes mining manufacturing energy production and construction. In 2014 the service sector contributed 56 2 while the industry and agriculture sectors contributed 36 8 and 7 1 respectively. The following table is the list of the gdp of malaysian states released by the department of statistics malaysia.