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Economics: Malaysia
Economics – Markets – Strategy
Malaysia Economic Indicators
2007f 2008f 2009f 1Q08 2Q08f 3Q08f 4Q08f 1Q09f 2Q09f
Real output and demand
GDP growth 6.3 5.1 5.8 7.1 4.8 4.2 4.1 5.3 4.6
Private consumption 11.7 7.8 5.9 11.8 7.7 5.7 5.8 4.9 5.7
Government consumption 6.4 6.9 4.0 10.5 6.3 7.1 3.7 5.0 4.3
Gross fixed capital formation 10.2 5.7 10.7 6.0 5.5 5.3 5.7 9.9 12.2
Net exports (MYRbn, 00P) 77.1 71.6 67.8 20.3 15.9 20.0 15.4 17.4 12.2
Exports 3.7 5.8 7.1 6.0 5.1 4.6 7.6 7.4 7.8
Imports 4.1 6.9 8.8 3.4 6.8 7.1 10.2 10.8 11.3
External (nominal)
Exports (MYR bn) 605 646 701 152 164 161 169 158 177
Imports (MYR bn) 505 544 581 125 135 141 143 132 145
Trade balance (MYR bn) 100 102 120 27 29 21 26 26 32
Current account bal (USD bn) 29 33 38 n.a. n.a. n.a. n.a. n.a. n.a.
% of GDP 15.5 16.1 16.9 n.a. n.a. n.a. n.a. n.a. n.a.
Foreign reserves
(USD bn, yr-end) 99 146 190 n.a. n.a. n.a. n.a. n.a. n.a.
Inflation
CPI inflation 2.0 4.5 3.3 2.6 4.0 5.8 5.6 5.1 4.1
Other
Nominal GDP (USDbn) 189 206 227 n.a. n.a. n.a. n.a. n.a. n.a.
Fiscal balance (% of GDP) -3.2 -3.5 -3.4 n.a. n.a. n.a. n.a. n.a. n.a.
- % growth, year-on-year, unless otherwise specified
MY – nominal exchange rate
MYR per USD
3.60
MY – policy rate
%, OPR
4.0
3.50
3.5
3.40
3.0
3.30
3.20
3.10
6/11/2007 10/10/2007 2/8/2008 6/10/2008
2.5
2.0
Apr-04 Apr-05 Apr-06 Apr-07 Apr-08
Sources for charts and tables are CEIC, Bloomberg and DBS Research (forecasts and data transformations)
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