Malaysia Gdp Contribution By Sector

4 3 times of gdp.

Malaysia gdp contribution by sector. At the same time the contribution of the financial sector to. Industry includes mining manufacturing energy production and construction. In 2019 the share of agriculture in malaysia s gross domestic product was around 7 28 percent industry contributed approximately 37 42 percent and the services sector contributed about 54 17. The gdp value of malaysia represents 0 30 percent of the world economy.

The following table is the list of the gdp of malaysian states released by the department of statistics malaysia. For the year 2019 malaysia s smes gdp grew at 5 8 per cent as compared to 6 2 per cent in 2018. Despite its minor contribution to malaysia s gdp malaysia has a significant foothold in the world s agricultural sector being the world s second largest producer of palm oil in 2012 producing 18 79 million tonnes of crude palm oil on roughly 5 000 000 hectares 19 000 sq mi of land. The gross domestic product gdp of malaysia grew 4 4 per cent in the third quarter of 2019 after recording a growth of 4 9 per cent during the second quarter of 2019.

The gross domestic product gdp in malaysia was worth 364 70 billion us dollars in 2019 according to official data from the world bank. In a statement today the department said smes 2018 gdp stood at rm521 7 billion versus the country s total gdp of rm1 36. State or federal territory 2018 gdp rm million 2017 gdp current rm million 2016 gdp rm million 2015 gdp rm million 2014 gdp rm million 2013 gdp rm million. Services manufacturing and agriculture sectors were the main drivers of the economy growth for the third quarter 2019.

Gdp from services in malaysia averaged 152566 81 myr million from 2010 until 2020 reaching an all time high of 216950 myr million in the fourth quarter of 2019 and a record low of 99821 myr million in the first quarter of 2010. Agriculture includes farming fishing and forestry. Based on the rate of growth of the economy projected for the next decade it is envisaged that the financial system will grow at an annual rate of 8 11 increasing the depth of the financial system to six times times of gross domestic product gdp in 2020 2010. Gross domestic product by state.

This entry shows where production takes place in an economy. Gdp from services in malaysia decreased to 167439 myr million in the second quarter of 2020 from 201066 myr million in the first quarter of 2020. The distribution gives the percentage contribution of agriculture industry and services to total gdp and will total 100 percent of gdp if the data are complete. Nevertheless the performance remained above malaysia s gdp and non smes which registered 4 3 per cent and 3 4 per cent respectively.