FIGURE ONE MALAYSIA GDP The Gross Domestc Product GDP in Malaysia was worth

Figure one malaysia gdp the gross domestc product gdp

This preview shows page 17 - 21 out of 83 pages.

FIGURE ONE: MALAYSIA GDP The Gross Domestc Product (GDP) in Malaysia was worth 326.93 billion US dollars in 2014. The GDP value of Malaysia represents 0.53 percent of the world economy. GDP in Malaysia averaged 74.84 USD Billion from 1960 untl 2014, reaching an all-tme high of 326.93 USD Billion in 2014 and a record low of 2.42 USD Billion in 1961. GDP in Malaysia is reported by the World Bank Group. CHAPTER THREE : MACRO ANALYSIS 16 Downloaded by VirginKartika Sari Ni Putu ([email protected]) lOMoARcPSD|4097046
Image of page 17
3.21 ECONOMY CONTINUES TO EXPAND 2013 2013 2014 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 GDP 4.7 4.3 4.6 4.9 5 6 6.3 6.5 5.6 5.7 5.6 AGRICULTURE 1.9 6.7 0.1 1.3 0.1 2.1 2.6 6.7 3.4 -3.7 -4.7 MINING 1.2 -1.2 4.8 2 -0.6 3.3 -0.1 2.1 1.4 9.5 9.6 MANUFACTURING 3.4 0.6 3.7 4.3 5 6.2 7 7.3 5.3 5.4 5.6 CONSTRUCTION 10.8 13.3 9.9 10.4 10 11.8 19.3 10 9.7 8.8 9.7 SERVICES 6 6.1 5.2 6 6.5 6.6 6.8 6.4 6.5 6.6 6.4 FIGURE TWO: GDP SUPPLY SIDE % annual changes The Malaysian economy remained resilient to record a steady growth of 5.6% in the frst quarter of 2015 (Q4 2014: 5.7%), despite uncertaintes in the external environment. Growth was supported by strong domestc economic actvity, partcularly private consumpton and investment. On the supply side, the services sector sustained a growth of 6.4% (Q4 2014: 6.6%) supported mainly by wholesale and retail trade, informaton and communicaton as well as business services subsectors. Meanwhile, growth in the manufacturing sector further strengthened by 5.6% (Q4 2014: 5.4%), boosted by beter performance of export-oriented industries, partcularly the electrical and electronics (E&E) as well as transport equipment subsectors. CHAPTER THREE : MACRO ANALYSIS 17 Downloaded by VirginKartika Sari Ni Putu ([email protected]) lOMoARcPSD|4097046
Image of page 18
The constructon sector grew at a stronger pace of 9.7% (Q4 2014: 8.8%) on account of higher actvity in the non-residental and residental subsectors. Similarly, the mining and quarrying sector recorded a robust growth of 9.6% (Q4 2014: 9.5%) following higher producton of crude oil. However, the agriculture sector declined further by 4.7% (Q4 2014: -3.7%) due to lower producton of oil palm as well as forestry and logging actvites. CHAPTER THREE : MACRO ANALYSIS 18 Downloaded by VirginKartika Sari Ni Putu ([email protected]) lOMoARcPSD|4097046
Image of page 19
3.22 STRONG DOMESTIC ECONOMIC ACTIVITY 2013 2013 2014 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 GDP 4.7 4.3 4.6 4.9 5 6 6.3 6.5 5.6 5.7 5.6 DOMESTIC DEMAND 7.3 7.2 7.2 8.1 6.8 5.9 7.6 5.6 5 5.7 7.9 Consumpton 7 5.2 7.7 7.8 7 6.4 8 5.1 6.4 6.3 7.9 Investment 8.2 12.5 5.9 8.8 6.1 4.8 6.7 6.9 1.3 4.3 7.9 EXPORTS 0.3 -3.5 -5 4.2 5.1 5.1 7.9 8.7 2.6 1.9 -0.6 IMPORTS 1.7 -2.4 -1 3.8 6.9 4.2 7.8 4.5 2 2.6 1 FIGURE THREE: GDP DEMAND SIDE % annual changes Domestc demand recorded a strong growth of 7.9% (Q4 2014: 5.7%) driven by buoyant private consumpton and investment actvity, while public investment turned around. Private consumpton strengthened by 8.8% (Q4 2014: 7.6%) supported by contnued wage growth and lower infaton as well as pre-Goods and Services Tax (GST) spending. Private consumpton was also supported by increased spending especially on food and beverage as well as other daily necessites following the massive foods in the east coast. The increased private consumpton was refected in major consumpton indicators such as credit card spending, passenger car sales and imports of consumpton goods.
Image of page 20
Image of page 21

You've reached the end of your free preview.

Want to read all 83 pages?

  • Fall '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes