Malaysia Gdp

Malaysia's GDP: Growth and Economic Strength

Overview

According to the World Bank's national accounts data and the OECD's National Accounts data files, Malaysia's Gross Domestic Product (GDP) was valued at 399.65 billion US dollars in 2023.

Substantial Increase

Malaysia's GDP has experienced significant growth in recent years. In 2022, the GDP stood at 407.03 billion US dollars, marking an 8.88% increase from the previous year. This growth trend continued in 2021, with a 10.78% increase compared to 2020.

This economic expansion has positioned Malaysia as the sixth largest economy in Southeast Asia and the 36th largest in the world based on nominal GDP.

Conclusion

Malaysia's impressive GDP growth is a testament to the country's strong economy and favorable business environment. The steady rise in GDP indicates a positive outlook for the future of Malaysia's economy, promising continued prosperity and development for its citizens.