Domestic demand fuels 5% growth in 4Q24


Bank Negara said that growth in the domestic front was attributed to stronger household spending, healthy labour market conditions and policy measures supporting households.

PETALING JAYA: Real gross domestic product (GDP) expanded by 5% in the fourth quarter of 2024 (4Q24), driven mainly by domestic demand.

This took the country’s full-year growth to 5.1%, compared with the 3.6% expansion in 2023, on the back of continued robust domestic demand and exports.

Save 30% and win Bosch appliances! More Info

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

US meat exports at risk as China lets registrations lapse
FBM KLCI paces higher as region gets lift from China's prospects
Lower plant utilisation weighs on PetChem's prospects
Hospitals, insurers unlikely to be impacted by higher GP fees
HHRG shareholder calls for removal of entire board
Foreign funds dump RM1.34bil in Bursa Malaysia equities
Ringgit opens higher as US govt shutdown averted
Bursa Malaysia follows through on recovery
Trading ideas: KJTS, TT Vision, MAG, Topmix, Catcha, FSBM, HHRG, Pertama, Compugates
Potential US gold monetisation boost

Others Also Read