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GNI 2016 at current price reached RM1.2 trillion
Malaysia’s economy remained resilient at 5.8% in second quarter of 2017

Gross Domestic Product Third Quarter of 2015

Release Date : Friday 13, November 2015 1200

Malaysia’s economy grew 4.7 per cent in the third quarter of 2015 (Q2 2015: 4.9%). The quarter-on-quarter seasonally adjusted Gross Domestic Product (GDP) increased 0.7 per cent from 1.1 per cent in the preceding quarter. 

For the three quarters of 2015, GDP posted a growth of 5.1 per cent with a value of RM853.0 billion at current and RM784.9 billion at constant prices.
 

Table 1: GDP at Constant 2010 Prices
PERCENTAGE CHANGE FROM CORRESPONDING QUARTER OF PRECEDING YEAR
  Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
GDP 6.3 6.5 5.6 5.7 5.6 4.9 4.7
PERCENTAGE CHANGE FROM PRECEDING QUARTER
Seasonally Adjusted GDP 1.4 1.6 0.8 1.8 1.2 1.1 0.7

 

 Chart 1: GDP - Value Added and Annual Percentage Change 

 

Chart 2: Services - Value Added and Annual Percentage Change

 

Services sector grew 4.4 per cent as compared with 5.0 per cent in second quarter of 2015. Wholesale & Retail Trade continued to drive the Services sector by registering a growth of 5.7 per cent. The sturdy momentum in data communication activities has spurred Information & Communication sub-sector to increase 9.5 per cent. Meanwhile, Business Services augmented to 7.6 per cent boosted by the better performance in professional activities.

     

Chart 3: Manufacturing - Value Added and Annual Percentage Change

 

Manufacturing sector rose to 4.8 per cent from 4.2 per cent in the preceding quarter. The better performance of Manufacturing sector was underpinned by Electrical, Electronic & Optical products (10.3%), particularly in manufacture of consumer electronics, printed circuit boards and computer peripheral equipment. Petroleum, Chemical, Rubber & Plastic products (share: 31.0%) continued to support Manufacturing sector by registering a growth of 2.4 per cent.

     

Chart 4: Mining & Quarrying - Value Added and Annual Percentage Change

 

Mining and Quarrying sector which accounted for 8.3 per cent of Malaysia's economy, eased to 5.3 per cent (Q2 2015: 6.0%). The moderation was largely due to the lower production of crude oil despite a rebound in production of natural gas and condensate.

 

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

Private Final Consumption Expenditure posted a growth of 4.1 per cent (Q2 2015: 6.4%). The growth was underpinned by consumption on food & beverages, transportation and communication.

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

 

Gross Fixed Capital Formation (GFCF) grew at a higher rate of 4.2 per cent from 0.5 per cent in second quarter of 2015. The growth of GFCF was stimulated by Structure (7.0%) which was in line with the performance of the Construction sector. Private sector (share: 67.4%) rose to 5.5 per cent and Public sector rebounded to 1.8 per cent (Q2 2015: -8.0%).

     

Chart 7: Exports & Imports - Annual Percentage Change

 

Exports posted a growth of 3.2 per cent, reversing from 3.7 per cent decline in the second quarter of 2015. Imports turned around to 3.2 per cent from negative 2.8 per cent.

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
13 November 2015

Contact person:

Norrita binti Amran
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : [email protected]

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