According to the Press statement of Bank Negara Malaysia (BNM) today, the real GDP expanded by 6.3% in 2007, surprisingly higher than the earlier forecast figure.
The strong growth in the 4th quarter, 7.3%, on the demand side, driven by strong consumption spending and investment activities; while on the supply side, growth was broad based with strong growth recorded in all economic sector, especially manufacturing (5.6%), agriculture (6.9%) and mining sectors (3.5%).
Malaysia GDP Growth by Sectors, at Year 2000 Prices, Annual Change (%)
|
Sectors |
2006 |
2007 |
|
Agriculture |
5.2 |
2.2 |
|
Mining |
-0.4 |
3.2 |
|
Manufacturing |
7.1 |
3.1 |
|
Construction |
-0.5 |
4.6 |
|
Services |
7.2 |
9.7 |
|
Real GDP |
5.9 |
6.3 |
Source: Department of Statistics, Malaysia.
Please refers to Bank Negara Malaysia Official site for details: www.bnm.gov.my
Filed under: General issue | Tagged: 2007, 4th quarter, GDP growth, Malaysia
