The Malaysian economy grew at an average rate of 2.3% between 2008 and 2018. Each year over the past decade has seen erratic GDP growth, with large declines in growth in 2009 (-14.2%) and 2015 (-14.1%) respectively. In 2018 the GDP growth rate was at 8.4%.
The GDP Deflator rate has seen trends similar to the IPI growth rate. The GDP Deflator rate in 2018 was 2.9%.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 4.3% p.a. in a low scenario to 4.8% p.a. in a high scenario. Accordingly, the industry in Malaysia is expected to achieve revenues of between $781m to $797m by 2023.
Published: 2020
Report Data: 2019
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