Malaysia GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Malaysia GDP from 1980 to 2024

The total market value of goods and services produced annually in Malaysia.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 26B 757M
    $ 1,926.96
    $ 3,337.92
    $ 46B 349M
    7.444 %
    -0.994 %
    29.35 %
    0 %
    13M 885K people
    1981
    $ 27B 321M
    $ 1,920.13
    $ 3,813.15
    $ 54B 256M
    6.942 %
    -9.037 %
    29.01 %
    0 %
    14M 229K people
    1982
    $ 29B 278M
    $ 2,006.48
    $ 4,182.53
    $ 61B 31M
    5.941 %
    -12.246 %
    29.25 %
    0 %
    14M 592K people
    1983
    $ 32B 744M
    $ 2,189.55
    $ 4,505.79
    $ 67B 384M
    6.25 %
    -10.634 %
    28.90 %
    0 %
    14M 955K people
    1984
    $ 37B 87M
    $ 2,419.50
    $ 4,908.23
    $ 75B 236M
    7.762 %
    -4.467 %
    28.31 %
    0 %
    15M 328K people
    1985
    $ 34B 90M
    $ 2,154.46
    $ 4,862.25
    $ 76B 935M
    -0.876 %
    -1.76 %
    23.45 %
    0 %
    15M 823K people
    1986
    $ 30B 303M
    $ 1,864.03
    $ 4,883.39
    $ 79B 389M
    1.153 %
    -0.335 %
    23.38 %
    0 %
    16M 257K people
    1987
    $ 34B 529M
    $ 2,070.01
    $ 5,140.07
    $ 85B 740M
    5.389 %
    7.459 %
    28.85 %
    0 %
    16M 681K people
    1988
    $ 37B 845M
    $ 2,213.87
    $ 5,708.57
    $ 97B 585M
    9.938 %
    4.934 %
    28.58 %
    0 %
    17M 94K people
    1989
    $ 41B 678M
    $ 2,380.51
    $ 6,316.98
    $ 110B 599M
    9.06 %
    0.755 %
    26.55 %
    0 %
    17M 508K people
    1990
    $ 47B 245M
    $ 2,586.28
    $ 6,846.77
    $ 125B 73M
    9.007 %
    -1.841 %
    28.22 %
    3.002 %
    18M 267K people
    1991
    $ 53B 519M
    $ 2,885.57
    $ 7,637.19
    $ 141B 648M
    9.547 %
    -7.816 %
    26.79 %
    4.999 %
    18M 547K people
    1992
    $ 64B 427M
    $ 3,378.91
    $ 8,273.26
    $ 157B 750M
    8.886 %
    -3.364 %
    29.04 %
    4.08 %
    19M 68K people
    1993
    $ 72B 857M
    $ 3,716.92
    $ 9,053.88
    $ 177B 470M
    9.896 %
    -4.105 %
    31.75 %
    5.746 %
    19M 602K people
    1994
    $ 81B 156M
    $ 4,029.27
    $ 9,828.16
    $ 197B 956M
    9.211 %
    -5.57 %
    30.89 %
    6.755 %
    20M 142K people
    1995
    $ 96B 606M
    $ 4,671.08
    $ 10,732.73
    $ 221B 972M
    9.83 %
    -8.947 %
    34.59 %
    5.298 %
    20M 682K people
    1996
    $ 109B 846M
    $ 5,175.90
    $ 11,716.03
    $ 248B 645M
    10.002 %
    -4.062 %
    37.90 %
    5.152 %
    21M 223K people
    1997
    $ 109B 116M
    $ 5,012.38
    $ 12,470.11
    $ 271B 464M
    7.327 %
    -5.439 %
    37.94 %
    6.407 %
    21M 769K people
    1998
    $ 78B 639M
    $ 3,521.12
    $ 11,387.18
    $ 254B 316M
    -7.359 %
    12.117 %
    41.66 %
    1.055 %
    22M 334K people
    1999
    $ 86B 203M
    $ 3,762.77
    $ 11,948.19
    $ 273B 726M
    6.131 %
    14.621 %
    40.28 %
    -1.456 %
    22M 910K people