Malaysia's GDP grows 5.6% in 1Q


  • Economy
  • Friday, 12 May 2023

KUALA LUMPUR: Malaysia's gross domestic product (GDP) grew 5.6% in the first quarter of 2023 (1Q23), driven higher by domestic demand.

The result was above the expectation of a Reuters survey of economists, which had a median forecast of 4.8% growth for the quarter.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
GDP , services , manufacturing , construction , wholesale , retail , BNM

Next In Business News

Ancom Nylex reports higher 2Q net profit
One Gasmaster IPO oversubscribed 25.24 times ahead of ACE Market debut
Broad-based selling drags FBM KLCI below 1,700 for third straight day
Dollar extends losses as geopolitics revive 'Sell America' trade
Oil prices waver while investors eye Greenland developments
Gold scales new high past US$4,700/oz as Trump threats fuel safe-haven demand
EcoFirst appoints two new independent non-executive directors
Indonesia to ensure�c.bank independence, rupiah to rebound, finance minister says
Standard Chartered sees Malaysia’s 2026 GDP growth at 4.5%
Asian bonds draw strong foreign inflows in December

Others Also Read