Malaysia Economic Performance 2021

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1. EMBARGO : Only to be published or disseminated at 1200 hours, Friday, 13 May 2022 DEPARTMENT OF STATISTICS MALAYSIA PRESS RELEASE MALAYSIA ECONOMIC PERFORMANCE 2021
2. Malaysia ’s economy regained its momentum in 2021, with a 3.1 per cent growth from the previous year negative 5.5 per cent. The performance was driven by the Services and Manufacturing sectors, which constituted 81.3 per cent of total Gross Domestic Product (GDP). In terms of demand, Private final consumption expenditure remained the largest component with a share of 58.8 per cent in 2021. Despite Malaysia’s gradual economic recovery in 2021, the GDP is still 2.6 per cent lower than pre-pandemic levels in 2019, with an RM37.2 billion decrease. The drop was influenced by contractions in all major economic sectors except Manufacturing, which recovered 6.6 per cent from the 2019 economic level. Malaysia’s GDP at current prices was RM1.55 trillion in 2021, while it was RM1.39 trillion at constant prices. In tandem with the overall performance, the Gross National Income per capita surged to RM46,051 from RM42,643 the previous year. The full publication of Gross Domestic Product 2015-2021 can be downloaded through eStatistik portal. For more details, please refer to the Department's portal: www.dosm.gov.my. Released By: THE OFFICE OF CHIEF STATISTICIAN MALAYSIA DEPARTMENT OF STATISTICS, MALAYSIA 13 MAY 2022 Contact person: Mohd Yusrizal Ab Razak Public Relation Officer Strategic Communication and International Division Department of Statistics, Malaysia Tel : +603-8885 7942 Fax : +603-8888 9248 Email : yusrizal.razak[at]dosm.gov.my