Malaysian Construction Industry Growth Rate

In real terms the malaysian construction industry registered an average annual growth rate of 10 7 during the review period 2011 2015.

Malaysian construction industry growth rate. Gdp annual growth rate in malaysia averaged 4 46 percent from 2000 until 2020 reaching an all time high of 10 30 percent in the first quarter of 2010 and a record low of 17 10 percent in the second quarter of 2020. Construction has a 4 5 projected growth rate over the next several years making construction staffing the leading industry in wage and employment growth. All sectors posted positive growth with the exception of mining quarrying. However we expect a broader pickup.

Gdp from construction in malaysia averaged 12129 98 myr million from 2010 until 2020 reaching an all time high of 17204 myr million in the third quarter of 2018 and a record low of 6464 myr million in the first quarter of 2010. In momentum point of view agriculture and mining quarrying posted a better growth while other sectors registered slower performance than the previous year. For the real estate and business service subsector it is expected to increase by 7 8 up from an estimated growth of 7 6 in 2019 supported by higher demand for construction related services with the continuation of mega projects such as east coast rail link ecrl and bandar malaysia. The industry again entered decline in 2013 after recovering from the financial crisis and posted a growth rate of 12 3.

In 2019 the malaysia economy grew at a moderate rate of 4 3 per cent as compared to 4 8 per cent in the previous year. The malaysian construction industry peaked at an annual rate of 26 0 in nominal terms in 2012 after rebounding from the downturn in 2008 and registering respective growth rates of 2 9 1 3 and 5 7 in 2009 2010 and 2011. On a seasonally adjusted quarterly basis the economy shrank by 16 5 percent the most contraction since the series began in the second quarter 2000. Monday 10 august 2020 1200 annual economic statistics 2018.

Gdp from construction in malaysia decreased to 8916 myr million in the second quarter of 2020 from 15350 myr million in the first quarter of 2020. According to the latest figures released by the government nominal growth of the malaysian construction sector hit 1 1 in 2019 but in real terms a flatline growth rate of 0 04 y o y was reported reflecting tepid construction activity throughout the year which we had called for in our previous analysis. This growth was supported by the 10th malaysia plan 2011 2015 under which the government invested heavily in infrastructure industrial parks and residential buildings. This growth was supported by the 10th malaysian plan 2011 2015 under which the government invested heavily in infrastructure industrial parks and residential buildings.

But with increased work the construction industry will have a higher employment rate than the overall economy. Manufacturing sector grow marginally higher at 4 1 in 2020.