Malaysia's GDP grows 5.6% in 1Q


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

Malaysia's property sector to shift to fundamental- driven growth - Knight Frank
Semico Capital achieves 80% premium over IPO price, raises RM23.2mil
Asia stocks climb as Nikkei jumps to record, earnings loom
Australian, New Zealand dollars rise on yen outflows, weak greenback
Amanda Lacaze to retire as Lynas CEO, MD
Japan's Nikkei hits all-time high on Wall Street rally, snap election bets
Ringgit extends gains against US$ at opening
FBM KLCI hits 1,700 as banks surge to record levels
Trading ideas: Sunway, IJM, TM, Lianson Fleet, HE, Vantris, IGB, Favelle Favco, AnwaBiru, Rexit, Melati Ehsan
S&P 500, Dow hit closing record highs; Walmart, tech climb

Others Also Read