Malaysia’s GDP expanded 5.9% in Q4 2017

February 14, 2018 | By | Reply More

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PETALING JAYA: Malaysia’s economy expanded at 5.9% in the fourth quarter of 2017 (Q4 2017) as compared to 6.2% in the preceding quarter, according to Department of Statistics.

Last year, Malaysia’s economy accelerated at a faster pace with the gross domestic product (GDP) grew 5.9% (2016: 4.2%) with a value of
RM1,173.6 billion at constant prices and RM1,352.5 billion at current prices, it said in a statement today.

On a quarter-on-quarter seasonally adjusted, GDP posted a growth of 0.9%, compared with 1.8% in Q3 2017.

The department said services, manufacturing and agriculture sectors have been the anchor on the production side, with all sectors recorded positive growth except mining and quarrying.

On the expenditure side, the performance was driven mainly by private final consumption expenditure.

Meanwhile, it said exports recorded a growth of 7.1% influenced by the moderation in external environment, while imports grew at 7.4% impelled by the performance in the imports of goods and services.

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