, Malaysia

Malaysia GDP rose 5.9% in 2017

This was highly driven by private sector demands.

The Central Bank of Malaysia reported that the country’s GDP increased from 4.2% in 2016 to 5.9% last year.

According to the Central Bank, the increase was mainly due to high private consumption, increasing by 7% in Q4 for the year because of growth in employment and wages, as well as high private investments, which rose to 9.2% because of positive business sentiments and strong investment intentions.

Meanwhile, services and manufacturing sectors drove growth on the supply side during the fourth quarter last year.

Further, headline inflation eased from 2.1% in 2016 to 3.7% in 2017, which was due to lower prices in housing, water, electricity and gas, and transport categories.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!