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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 Fourth Quarter 2015

Release Date : Thursday 18, February 2016 1200

In the fourth quarter of 2015, Malaysia’s economy expanded at 4.5 per cent as compared to 4.7 per cent in the third quarter of 2015. On a quarter-on-quarter seasonally adjusted, the economy increased 1.5 per cent. 

For year 2015, Malaysia’s economy grew 5.0 per cent (2014: 6.0%) with a value added stood at RM1,062.6 billion at constant prices and RM1,156.9 billion at current prices.

 

Table 1: GDP at Constant 2010 Prices
PERCENTAGE CHANGE FROM CORRESPONDING QUARTER OF PRECEDING YEAR
  2014 2015 Q3 2014 Q4 2014  Q1 2015 Q2 2015 Q3 2015 Q4 2015
GDP 6.0 5.0 5.6 5.7 5.6 4.9 4.7 4.5
PERCENTAGE CHANGE FROM PRECEDING QUARTER
Seasonally Adjusted GDP     0.8 1.8 1.2 1.1 0.7 1.5

 

 Chart 1: GDP - Value Added and Annual Percentage Change 

 

Chart 2: Services - Value Added and Annual Percentage Change

 

Services sector expanded at a faster pace of 5.0 per cent from 4.4 per cent in the preceding quarter. The performance of Services sector was underpinned by Wholesale & Retail Trade which advanced to 6.5 per cent. Information & Communication remained resilient by posting a growth of 9.2 per cent. Meanwhile, Transportation & Storage rose to 6.0 per cent following a better momentum in freight and passenger segments.

     

Chart 3: Manufacturing - Value Added and Annual Percentage Change

 

Manufacturing sector increased further to 5.0 per cent (Q3 2015: 4.8%). As the key driver in Manufacturing, Electrical, Electronic & Optical products posted a sturdy growth at 10.5 per cent reflecting a higher momentum in consumer electronics and medical equipment products. Non-metallic Mineral products, Basic Metal & Fabricated Metal products rose to 4.7 per cent in line with an expansion in Construction sector.

     

Chart 4: Construction - Value Added and Annual Percentage Change

 

Construction sector grew 7.4 per cent (Q3 2015: 9.9%). Civil Engineering posted an impressive growth of 20.4 per cent which was mainly geared by oil & gas and transportation related projects. Furthermore, Residential Buildings improved to 5.7 per cent from 5.2 per cent in the preceding quarter.

 

Chart 5: Private Final Consumption Expenditure – Value and Annual Percentage Change

Private Final Consumption Expenditure increased 4.9 per cent (Q3 2015: 4.1%). The momentum was impelled by the better growth in consumption of transportation, food & beverages and communication.

Chart 6: GFCF – Value and Percentage Share at Constant 2010 prices

 

Gross Fixed Capital Formation (GFCF) eased to 2.8 per cent (Q3 2015: 4.2%). The moderation of GFCF was due to the decline in Machinery & Equipment (Q4 2015: -0.1%) and slower momentum in Structure at 5.1 per cent (Q3 2015: 7.0%). The momentum of GFCF was induced by Private sector which grew 5.0 per cent. Public sector slipped to a marginal growth of 0.4 per cent in this quarter.

     

Chart 7: Exports & Imports - Annual Percentage Change

 

Exports augmented to 3.7 per cent (Q3 2015: 3.2%). Imports improved to 3.6 per cent in this quarter (Q3 2015: 3.2%).

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
18 February 2016

Contact person:

Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho@stats.gov.my