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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
