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Data Change: Malaysia - GDP(E) and GDP(O) - Re-referenced to 2015
Wednesday, 10 Jul 2019 20:22 ET
By Annie Kao, Kelli Johnson
Summary
May 2019 -- For the quarterly national accounts of Malaysia, including the expenditure and production approaches, concurrent with dissemination of results for 2019Q1, the currency reference year has been advanced from 2010 to 2015 (76 quarterly and 36 annual series 2010 to 2018, replaced with 82 quarterly from 2015).
Detail

On 6 May the source wrote, in the press release (citation):

Department of Statistics Malaysia (DOSM) has completed the rebasing of Malaysia’s Gross Domestic Product (GDP) from base year 2010 to 2015. [...] the seventh rebase exercises that have been carried out by DOSM. The rebase of GDP provides DOSM an opportunity for refining the methodology and incorporating the most recent data.

And on 16 May, in the full document (citation):

The Department of Statistics, Malaysia has rebased the National Accounts Statistics from year 2010 to 2015. Effective from the first quarter 2019 publication, the national accounts estimates in constant prices will be expressed in 2015 prices. 

In response, we have:

  1. Archived the quarterly predecessors (currency reference year 2010, 2010Q1 to 2018Q4) by renaming with an "_10" specifier, marking metadata as "discontinued", and segregating in the catalog.
  2. Created one-for-one replacements.
  3. Archived the redundant annual counterparts.
  4. Extended 16 NSA series using predecessors back to 1996Q1.
  5. Extended 6 SA series to 1996Q1.
  6. Replaced the NSA and SA supplements and identities.
  7. Refurbished the catalog.

Dataset properties:

  • Framework: UN SNA 2008
  • Classification: MSIC 2008, which is aligned with UN ISIC Rev. 4
  • Measurements: Millions of Malaysian ringgit at current prices (Mil. MYR) or constant year-2015 prices (Mil. 2015 MYR)
  • Adjustments: Not seasonally adjusted (NSA) or seasonally adjusted (SA)
  • Geo coverage: Country
  • Native frequencies: Quarterly
  • Start date: 2015Q1

The series reside in the historical catalog (Malaysia » National Accounts » by Expenditure | by Value Added » Quarterly) and include, for example: 

  • NALSGDP_10UQ.IMYS   = [DISCONTINUED] National accounts: Production approach - Gross domestic product [GDP] at purchaser prices, (Mil. MYR, NSA)
  • NACSGDPAF_10UQ.IMYS = [DISCONTINUED] Production approach - Gross domestic product - Agriculture, (Mil. 2010 MYR, NSA)
  • NACEGDP_10UQ.IMYS   = [DISCONTINUED] Expenditure approach - Gross domestic product [GDP], (Mil. 2010 MYR)
  • NALSGDPUQ.IMYS      = Production approach - Gross domestic product [GDP] at purchaser prices, (Mil. MYR, NSA)
  • NACSGDPAFUQ.IMYS    = Production approach - Gross domestic product - Agriculture, (Mil. 2015 MYR, NSA)
  • NACEGDPUQ.IMYS      = Expenditure approach - Gross domestic product [GDP], (Mil. 2015 MYR)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Please be aware that

The source reports both quarterly and annual frequencies, with the same length of history. We have discontinued our extract of 36 annual series as redundant.

Under the predecessor dataset (ref 2010) there are four subsets, in which the source reports gross capital formation or gross fixed capital formation, but never change in inventories. These are usually reported as a triplet, viz., GCF = GFCF + CI.

See also

Other
Related ReleaseNational accounts
SourceDepartment of Statistics Malaysia
FrequencyQuarterly
GeographyMalaysia
Upcoming
Release DateReference date
15 Nov 20193Q 2019