Malaysia's GDP changed from approximately $26B 757M in 1980 to $445B 519M in 2024, showing an overall 1565.1% sharply increased during the period.
The lowest GDP was recorded in 1980 at $26B 757M, and the highest in 2024 at $445B 519M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.6%.
For comparison, the average annual growth rate of Singapore was 9.0%, and that of Indonesia was 6.3%.
Malaysia GDP from 1980 to 2024
The total market value of goods and services produced annually in Malaysia.
Overview of Malaysia's GDP (1980–2024)
The Gross Domestic Product (GDP) of Malaysia recorded a 1565.1% sharply increased from 1980 to 2024.
The average GDP during this period was $174B 511M, and the median was $109B 846M.
GDP fluctuated within a range of $418B 762M, with a standard deviation of $134B 121M.
The average annual change was $9B 793M.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $26B 757M
- Highest GDP: 2024, $445B 519M
- Most Recent GDP: 2024, $445B 519M
Notable Annual GDP Changes
- 2010: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Malaysia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $365B 178M → $337B 456M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $202B 732M → $211B 847M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $102B 149M → $101B 54M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $109B 116M → $78B 639M
- Outcome: sharply declined
Key Economic Indicators of Malaysia (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 7.444 % | $ 26B 757M | $ 46B 349M | $ 1,926.96 | $ 3,337.92 | 29.35 % | 13M 885K people | -0.994 % | 0 % |
1981 | 6.942 % | $ 27B 321M | $ 54B 256M | $ 1,920.13 | $ 3,813.15 | 29.01 % | 14M 229K people | -9.037 % | 0 % |
1982 | 5.941 % | $ 29B 278M | $ 61B 31M | $ 2,006.48 | $ 4,182.53 | 29.25 % | 14M 592K people | -12.246 % | 0 % |
1983 | 6.25 % | $ 32B 744M | $ 67B 384M | $ 2,189.55 | $ 4,505.79 | 28.90 % | 14M 955K people | -10.634 % | 0 % |
1984 | 7.762 % | $ 37B 87M | $ 75B 236M | $ 2,419.50 | $ 4,908.23 | 28.31 % | 15M 328K people | -4.467 % | 0 % |
1985 | -0.876 % | $ 34B 90M | $ 76B 935M | $ 2,154.46 | $ 4,862.25 | 23.45 % | 15M 823K people | -1.76 % | 0 % |
1986 | 1.153 % | $ 30B 303M | $ 79B 389M | $ 1,864.03 | $ 4,883.39 | 23.38 % | 16M 257K people | -0.335 % | 0 % |
1987 | 5.389 % | $ 34B 529M | $ 85B 740M | $ 2,070.01 | $ 5,140.07 | 28.85 % | 16M 681K people | 7.459 % | 0 % |
1988 | 9.938 % | $ 37B 845M | $ 97B 585M | $ 2,213.87 | $ 5,708.57 | 28.58 % | 17M 94K people | 4.934 % | 0 % |
1989 | 9.06 % | $ 41B 678M | $ 110B 599M | $ 2,380.51 | $ 6,316.98 | 26.55 % | 17M 508K people | 0.755 % | 0 % |
1990 | 9.007 % | $ 47B 245M | $ 125B 73M | $ 2,586.28 | $ 6,846.77 | 28.22 % | 18M 267K people | -1.841 % | 3.002 % |
1991 | 9.547 % | $ 53B 519M | $ 141B 648M | $ 2,885.57 | $ 7,637.19 | 26.79 % | 18M 547K people | -7.816 % | 4.999 % |
1992 | 8.886 % | $ 64B 427M | $ 157B 750M | $ 3,378.91 | $ 8,273.26 | 29.04 % | 19M 68K people | -3.364 % | 4.08 % |
1993 | 9.896 % | $ 72B 857M | $ 177B 470M | $ 3,716.92 | $ 9,053.88 | 31.75 % | 19M 602K people | -4.105 % | 5.746 % |
1994 | 9.211 % | $ 81B 156M | $ 197B 956M | $ 4,029.27 | $ 9,828.16 | 30.89 % | 20M 142K people | -5.57 % | 6.755 % |
1995 | 9.83 % | $ 96B 606M | $ 221B 972M | $ 4,671.08 | $ 10,732.73 | 34.59 % | 20M 682K people | -8.947 % | 5.298 % |
1996 | 10.002 % | $ 109B 846M | $ 248B 645M | $ 5,175.90 | $ 11,716.03 | 37.90 % | 21M 223K people | -4.062 % | 5.152 % |
1997 | 7.327 % | $ 109B 116M | $ 271B 464M | $ 5,012.38 | $ 12,470.11 | 37.94 % | 21M 769K people | -5.439 % | 6.407 % |
1998 | -7.359 % | $ 78B 639M | $ 254B 316M | $ 3,521.12 | $ 11,387.18 | 41.66 % | 22M 334K people | 12.117 % | 1.055 % |
1999 | 6.131 % | $ 86B 203M | $ 273B 726M | $ 3,762.77 | $ 11,948.19 | 40.28 % | 22M 910K people | 14.621 % | -1.456 % |