Malaysia - Nominal Gross Domestic Product

Malaysia: Nominal Gross Domestic Product

Mnemonic GDP.IMYS
Unit Mil. MYR, NSA
Adjustments Not Seasonally Adjusted
Quarterly 3.85 %
Data 2019 Q4 396,239
2019 Q3 381,534

Series Information

Source Department of Statistics Malaysia
Release National accounts
Frequency Quarterly
Start Date 3/31/1996
End Date 12/31/2019

Malaysia: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 Q4 55,357 41,327 Mil. MYR, NSA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2019 Q4 84,169 86,592 Mil. MYR, NSA Quarterly
Nominal Gross Domestic Product 2019 Q4 396,239 381,534 Mil. MYR, NSA Quarterly
Private Consumption 2019 Q4 232,104 236,100 Mil. MYR, NSA Quarterly
Real Fixed Investment (gross fixed capital formation) 2019 Q4 80,297 82,144 Mil. 2015 MYR, NSA Quarterly
Real Government Consumption 2019 Q4 54,425 40,557 Mil. 2015 MYR, NSA Quarterly
Real Gross Domestic Product 2019 Q4 369,878 360,136 Mil. 2015 MYR, NSA Quarterly
Real Private Consumption 2019 Q4 214,608 217,902 Mil. 2015 MYR, NSA Quarterly
Investment 2017 344,369,000,000 318,285,000,000 NCU Annual
Real Investment 2017 298,783,000,000 281,316,000,000 NCU Annual

Release Information

For Malaysia, GDP measures the value generated by all resident units engaged in productive activity before deduction of provisions for the consumption of fixed capital.

classified according to MSIC 2008 and follows SNA 2008. Data are disseminated in millions of Ringgit on GDP at current prices and constant 2010 prices, compiled by both the expenditure method and the production method.

The source writes:

Changes in conceptual treatment and methodology (2010 base year GDP)

The changes in conceptual treatment and methodology is based on recommendation by the SNA and BPM6 particularly in:

1. Implementation on treatment of Goods for Processing from Abroad (GFP) and Manufacturing Services (MS)

The 2008 SNA and BPM6 recommends that exports and imports should be recorded on a change of ownership principle. That is, flows of goods between the country owning the goods and the country providing the processing services should not be recorded as imports and exports of goods. Instead the fee paid to the processing unit should be recorded as the import of processing services by the country owning the goods and an export of processing services by the country providing it. In terms of recording an output of an establishment that is involved in GFP, if the establishment has no economic ownership of the goods being processed, thus the value of the output should be fees it received in processing the product and not the value of the whole product. As a result of GFP implementation, the value of net exports of goods and services was revised downward. Simultaneously, the Manufacturing sector was also affected particularly in electrical and electronic industry (2008 SNA).

2. Refinement in methodology of COFC for Government Services and Government Consumption

Consumption of fixed capital or depreciation is the decline in the current value of the stock of fixed assets owned and used by a producer as a result of physical deterioration, normal obsolescence or normal accidental damage during the course of the accounting period. As recommended by SNA, the Perpetual Inventory Method (PIM) was applied in measuring the COFC for rebasing of government services and government consumption.