Gross Domestic Product — Value Standard Local Currency, annual growth in Malaysia

Malaysia: Gross Domestic Product — Value Standard Local Currency, annual growth was 5.94 % change on previous year in 2024. ◆ Volatile

Latest (2024)
5.94 % change on previous year
Change on year
up 239.9%
World rank
134th
of 218 countries
All-time high
31.67 % change on previous year
in 1973
All-time low
-7.58 % change on previous year
in 1986
Years of data
54
1971–2024

Gross Domestic Product — Value Standard Local Currency, annual growth in Malaysia, 1971–2024

-100102030197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for gross domestic product — value standard local currency, annual growth in Malaysia is 5.94 % change on previous year, measured in 2024.

The figure is up 239.9% on the previous year and down 31.2% over ten years.

Over the whole period, gross domestic product — value standard local currency, annual growth in Malaysia peaked at 31.67 % change on previous year in 1973 and was at its lowest, -7.58 % change on previous year, in 1986.

Malaysia ranks 134th of 218 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value Standard Local Currency, annual growth in Malaysia, year by year

Annual values for Gross Domestic Product — Value Standard Local Currency, annual growth rate in Malaysia, 1971 to 2024.
Year % change on previous year Change
1971 9.52 % change on previous year
1972 9.76 % change on previous year +2.6%
1973 31.67 % change on previous year +224.3%
1974 22.09 % change on previous year -30.3%
1975 -2.3 % change on previous year -110.4%
1976 25.76 % change on previous year -1219.5%
1977 15.15 % change on previous year -41.2%
1978 17.15 % change on previous year +13.2%
1979 22.54 % change on previous year +31.4%
1980 14.83 % change on previous year -34.2%
1981 8.08 % change on previous year -45.5%
1982 8.65 % change on previous year +7.2%
1983 12.53 % change on previous year +44.8%
1984 12.93 % change on previous year +3.1%
1985 -2.61 % change on previous year -120.2%
1986 -7.58 % change on previous year +190.1%
1987 13.26 % change on previous year -274.8%
1988 13.92 % change on previous year +5.0%
1989 13.93 % change on previous year +0.1%
1990 13.16 % change on previous year -5.5%
1991 13.47 % change on previous year +2.4%
1992 11.51 % change on previous year -14.5%
1993 14.28 % change on previous year +24.0%
1994 13.51 % change on previous year -5.4%
1995 13.82 % change on previous year +2.3%
1996 14.05 % change on previous year +1.7%
1997 11.06 % change on previous year -21.3%
1998 0.5138 % change on previous year -95.4%
1999 6.19 % change on previous year +1103.8%
2000 18.5 % change on previous year +199.0%
2001 -1.07 % change on previous year -105.8%
2002 8.69 % change on previous year -910.2%
2003 9.28 % change on previous year +6.8%
2004 13.2 % change on previous year +42.3%
2005 14.67 % change on previous year +11.1%
2006 9.79 % change on previous year -33.3%
2007 11.49 % change on previous year +17.4%
2008 15.72 % change on previous year +36.9%
2009 -7.42 % change on previous year -147.2%
2010 15.23 % change on previous year -305.4%
2011 10.99 % change on previous year -27.8%
2012 6.53 % change on previous year -40.6%
2013 4.88 % change on previous year -25.3%
2014 8.62 % change on previous year +76.8%
2015 6.37 % change on previous year -26.1%
2016 6.18 % change on previous year -3.0%
2017 9.81 % change on previous year +58.7%
2018 5.5 % change on previous year -44.0%
2019 4.49 % change on previous year -18.4%
2020 -6.23 % change on previous year -238.8%
2021 9.19 % change on previous year -247.6%
2022 15.65 % change on previous year +70.3%
2023 1.75 % change on previous year -88.8%
2024 5.94 % change on previous year +239.9%

Biggest year-on-year movements

Years where Gross Domestic Product — Value Standard Local Currency, annual growth in Malaysia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1976 +1219.5% -2.3 % change on previous year 25.76 % change on previous year
1999 +1103.8% 0.5138 % change on previous year 6.19 % change on previous year
2002 +910.2% -1.07 % change on previous year 8.69 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 16.81 % change on previous year -2.3 % change on previous year 31.67 % change on previous year 9
1980s 8.79 % change on previous year -7.58 % change on previous year 14.83 % change on previous year 10
1990s 11.16 % change on previous year 0.5138 % change on previous year 14.28 % change on previous year 10
2000s 9.28 % change on previous year -7.42 % change on previous year 18.5 % change on previous year 10
2010s 7.86 % change on previous year 4.49 % change on previous year 15.23 % change on previous year 10
2020s 5.26 % change on previous year -6.23 % change on previous year 15.65 % change on previous year 5

Countries ranked near Malaysia

  1. 131 Indonesia 5.97 % change on previous year compare
  2. 132 Turkmenistan 5.96 % change on previous year compare
  3. 133 Cayman Islands 5.95 % change on previous year compare
  4. 135 Maldives 5.85 % change on previous year compare
  5. 136 Slovakia 5.78 % change on previous year compare
  6. 137 North Macedonia 5.7 % change on previous year compare

See the full ranking of 218 places →

More economy & growth data for Malaysia

All data for Malaysia →

Frequently asked questions

What is gross domestic product — value standard local currency, annual growth in Malaysia?
Gross domestic product — value standard local currency, annual growth in Malaysia was 5.94 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gross domestic product — value standard local currency, annual growth recorded in Malaysia?
The highest recorded value was 31.67 % change on previous year in 1973.
What is the lowest gross domestic product — value standard local currency, annual growth recorded in Malaysia?
The lowest recorded value was -7.58 % change on previous year in 1986.
How does Malaysia rank for gross domestic product — value standard local currency, annual growth?
Malaysia ranks 134th out of 218 countries with data for 2024.
Is gross domestic product — value standard local currency, annual growth rising or falling in Malaysia?
Over the last ten years it is down 31.2%. The long-run trend across the full record is volatile.
Where does this Malaysia data come from?
The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value Standard Local Currency, annual growth in Malaysia. Statizoid, drawing on Statizoid (derived). Retrieved 19 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-standard-local-currency-annual-growth-rate/malaysia/

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How this figure is calculated

The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Gross Domestic Product — Value Standard Local Currency, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
218 places, 10,731 data points, 1971–2024
Last refreshed

The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.