Malaysia Economic Forecasts

Published monthly, Asia Pacific Consensus Forecasts offers a comprehensive outlook for the Malaysian economy; covering 12 macroeconomic variables over a 2 year forecast horizon. Forecasts are provided by leading economists whose individual views are shown together with the average (mean) forecast. In addition, our analysis includes 4 years of historical data for these same variables as well as written analysis and charts. Furthermore, the publication provides Consensus Forecasts™ for the Malaysian ringgit against the US dollar in 3, 12 and 24 months time.

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Malaysia

Nominal GDP for Malaysia was RM1,545bn in 2021, down from RM1,417bn in 2020. The Malaysia population was estimated at 33.6m in 2021 according to the IMF, while China is Malaysia’s biggest trading partner.

Variables Surveyed for Malaysia

Variables covered in our monthly analysis of Malaysia include:

Gross Domestic Product
Private Consumption
Gross Fixed Investment
Manufacturing Production
Consumer Prices
Money Supply

Merchandise Exports
Merchandise Imports
Trade Balance
Current Account Balance
Interest Rates
Ringgit Currency Forecasts

Consensus Forecasts for Malaysia

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Asian Development Bank and IMF. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Asia Pacific Conensus Forecasts, September 2022

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Malaysia on topics such as:

Quarterly Forecasts
Long-Term 5 and 10 Year Forecasts
Economic Policy Evaluation
Real Interest Rates and Foreign Direct Investment
Forecast Probabilities
Forecasts of Trade and Current Account Balances

Main Data Sources for Malaysia

Department of Statistics Malaysia: The Department of Statistics, Malaysia was established in 1949 under the Statistics Ordinance 1949. It's role is the premier agency in the field of statistics towards establishing a quality, user-oriented and timely information system for the formulation of policies for national development planning and administration.
Bank Negara Malaysia: Bank Negara Malaysia, as the central bank for Malaysia, is mandated to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.

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