In 2020, Malaysia’s economy contracted by 5.6 per cent from a growth of 4.4 per cent in the preceding year due to the  restrictions on economic activity resulting from the containment measures in response to COVID-19 pandemic.

The last seen declined of Malaysia’s economic was in 2009 (-1.5%), and the economy downturn of 5.6 per cent (2020) was the lowest after 1998 (-7.4%).

All the five main economic sectors registered a contraction parallel with a highly challenging domestic operating environment and lower global demand.

In 2020, Malaysia’s GDP in current prices stood at RM1.42 trillion, while in constant 2015 prices, it has amounted to RM1.34 trillion. Following the weakened domestic economic activities and the external sector, Gross National Income per capita has deteriorated to RM42,503 from RM45,311 recorded in 2019.

The full publication of  Gross Domestic Product 2015-2020 can be downloaded through eStatistik portal.

 

Released By:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
 DrUzir_Mahidin    Dr_Uzir

#myHariBulan# #myBulan# #myTahun#

 

Contact person:

Mohd Yusrizal Ab Razak 
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : yusrizal.razak[at]dosm.gov.my