Gross domestic product (GDP) of Malaysia grew 4.44 percent in 2019 and was forecast to remain around 5 percent for the medium term.
What affects GDP?
GDP is the sum of spending in a country by consumers, investors, and the government, plus net exports. High GDP growth is associated with low unemployment, because a growing economy demands a growing labor force. There are also inflationary pressures, but responsible monetary and fiscal policy can keep the inflation rate low.
GDP and development
Developmental economists focus more on GDP per capita than GDP. Looking at how much each member of the economy generates gives a general idea of the level of development, with strong correlations between this and other development indicators. If population growth is faster than GDP growth, residents in the country will be worse off, in spite of a growing economy.
Malaysia : Growth rate of the real gross domestic product (GDP) from 2016 to 2026
(compared to the previous year)
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IMF. (October 12, 2021). Malaysia : Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year) [Graph]. In Statista. Retrieved May 20, 2022, from https://www.statista.com/statistics/318977/gross-domestic-product-gdp-growth-rate-in-malaysia/
IMF. "Malaysia : Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year)." Chart. October 12, 2021. Statista. Accessed May 20, 2022. https://www.statista.com/statistics/318977/gross-domestic-product-gdp-growth-rate-in-malaysia/
IMF. (2021). Malaysia : Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year). Statista. Statista Inc.. Accessed: May 20, 2022. https://www.statista.com/statistics/318977/gross-domestic-product-gdp-growth-rate-in-malaysia/
IMF. "Malaysia : Growth Rate of The Real Gross Domestic Product (Gdp) from 2016 to 2026 (Compared to The Previous Year)." Statista, Statista Inc., 12 Oct 2021, https://www.statista.com/statistics/318977/gross-domestic-product-gdp-growth-rate-in-malaysia/
IMF, Malaysia : Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year) Statista, https://www.statista.com/statistics/318977/gross-domestic-product-gdp-growth-rate-in-malaysia/ (last visited May 20, 2022)