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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 First Quarter Of 2015

Release Date : Friday 15, May 2015 1200

The statistics presented are using GDP base year 2010.

Malaysia’s economy remained resilient in first quarter of 2015 by registering a growth of  5.6 per cent. GDP in current prices amounted to RM277.2 billion in this quarter. In constant 2010 prices, GDP registered a value of RM254.4 billion.

On a quarter-on-quarter seasonally adjusted, the economy grew at 1.2 per cent.

 

Table 1: GDP at Constant 2010 prices

PERCENTAGE CHANGE FROM CORRESPONDING QUARTER OF PRECEDING YEAR
  Q114 Q214 Q314 Q414 Q115
GDP 6.3 6.5 5.6 5.7 5.6
PERCENTAGE CHANGE FROM PRECEDING QUARTER
Seasonally Adjusted GDP 1.4 1.6 0.8 1.8 1.2

 

 Chart 1: GDP - Value Added and Annual Percentage Change 
 

 

Chart 2: Services - Value Added and Annual Percentage Change
 

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Services sector recorded a steady growth of 6.4 per cent. The growth was mainly led by Wholesale & Retail Trade largely spearheaded by Retail (10.7%) and Wholesale (9.6%). Information & Communication remained robust by posting a growth of 9.6 per cent, supported by telecommunication and computer services. Real Estate & Business Services grew at 7.6 per cent  backed by professional activities.

 

     

Chart 3: Manufacturing - Value Added and Annual Percentage Change
 

 

Manufacturing sector rose to 5.6 per cent from 5.4 per cent in the previous quarter. The growth was driven by Electrical, Electronic & Optical products (9.3%), impelled by production of domestic oriented industries such as consumer electronics and communication equipment. Petroleum, Chemical, Rubber & Plastic products picked-up to 4.6 per cent and Transport Equipment, Other Manufacturing & Repair registered a better growth of 6.7 per cent.

 

     

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

 

Mining and Quarrying sector posted a strong growth of 9.6 per cent. The growth was primarily reflected by a double-digit increase in the production of crude oil. On the contrary, production of natural gas declined in this quarter.

 

 

 

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

On the demand side, Private Final Consumption Expenditure elevated to 8.8 per cent (Q4 2014: 7.6%). Household consumption was high on food & beverages, transport and communication.

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

 

Gross Fixed Capital Formation (GFCF) ascended to 7.9 per cent (Q4 2014: 4.3%) which was induced by the robust performance of Structure (9.9%) and a rebound in Machinery & Equipment (5.8%). The expansion in GFCF was spearheaded by Private sector (share: 68.5%) with a growth of 11.7 per cent.

 

Chart 7: Exports & Imports - Annual  Percentage Change
 

 

Exports declined at 0.6 per cent due to the sluggish performance in the exports of services and moderation in exports of goods. Meanwhile, Imports eased to 1.0 per cent following a moderation in both imports of goods and services.

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
15 May 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 : norrita.amran@stats.gov.my