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GDP constant prices are now expressed in 2015 prices
Malaysia’s economy contracted 5.6 per cent in 2020

Gross Domestic Product Third Quarter Of 2014

Release Date : Friday 14, November 2014 1200

Malaysia’s economy remained on a steady path in this quarter by registering a growth of 5.6 per cent. For the three quarters of 2014, GDP ascended to 6.1 per cent (three quarters of 2013: 4.6%). On a quarter-on-quarter seasonally adjusted, the economy grew 0.9 per cent

Table 1: GDP at Constant 2005 Prices

GDP in current prices amounted to RM268.8 billion in this quarter, an increase of RM18.5 billion as against the third quarter of 2013. In constant 2005 prices, GDP registered a value of RM211.7 billion.

Chart 1: GDP and Annual Percentage Change

 

On the supply side, all sectors posted a positive growth driven by Services and Manufacturing sectors.

Chart 2: Services and Annual Percentage Change 
at Constant 2005 prices

 

 

Services sector rose 6.1 per cent stimulated by Wholesale & Retail Trade, Communication and Business Services. Wholesale & Retail Trade grew at 8.2 per cent supported mainly by Retail (9.4%) and Wholesale (7.9%). Communication recorded a strong growth of 9.6 per cent and Business Services increased at 7.7 per cent supported by professional
services.

Chart 3: Manufacturing and Annual Percentage Change
at Constant 2005 prices


 

 

 

Manufacturing sector posted a growth of 5.3 per cent. Electrical & Electronic products increased to 7.9 per cent which was underpinned by the sound momentum in the production of communication equipment products. Concurrently, Food, Beverages & Tobacco augmented to 8.4 per cent, largely was fuelled by the food processing and non-alcoholic beverages. The growth in Manufacturing was also induced by Transport Equipment & Other Manufactures (6.4%) and Non-metallic Mineral products, Basic Metal & Fabricated Metal products (5.2%).

Chart 4: Construction and Annual
Percentage Change

 

Construction sector remained sturdy at 9.6 per cent spearheaded by Residential and Non-Residential sub-sectors. In this quarter, Residential posted a robust growth of 18.6 per cent. Meanwhile, Non-Residential

increased 7.9 per cent and Special Trade grew to 8.5 per cent.

Chart 5: Private Final Consumption Expenditure and Annual Percentage Change 

 

On the demand side, Private Final Consumption Expenditure expanded to 6.7 per cent which was largely fuelled by the consumption on food & beverages; housing & utilities; and communication.

Chart 6: GFCF and Percentage Share
at Constant 2005 prices

 

 

Gross Fixed Capital Formation (GFCF) eased to 1.1 per cent due to the deceleration in Machinery & Equipment at 7.5 per cent. Nevertheless, Structure and Other Assets picked up to 8.3 per cent and 4.7 per cent respectively. Private Sector with a share of 67.1 per cent to GFCF grew at 6.8 per cent.

Chart 7: Exports & Imports and Annual
Percentage Change at Constant 2005 prices

 

 

 

Exports increased to 2.8 per cent and was influenced by the external demand for goods. Subsequently, Imports grew at 2.2 per cent impelled by the performance in the imports of goods and services.

Gross Domestic Product Third Quarter 2014 pdf