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Malaysia’s GDP rises more than expected in Q4

by ChemOrbis Editorial Team -
  • 16/02/2017 (12:55)
According to the data released by the Department of Statistics, the rise in Malaysia’s GDP in the fourth quarter of 2016 exceeded the expectations.

The data showed that the country’s GDP increased by 4.5% year-on-year in Q4 after climbing by 4.3% in Q3 and slightly beat the economists’ estimates of a rise of 4.4%. This was the second month in a row that the country posted a quarterly growth.

The largest contribution to the growth came from the service sector which grew by 5.5%. This was followed by a growth in the mining and quarrying by 4.9%. However, the growth in agriculture was down by 2.4%. In terms of expenditure, private consumption was up by 6.2%.

The country’s GDP was also up by 1.4% quarter-on-quarter.

In addition, Malaysia’s trade surplus reached MYR12.2 billion in Q4 from MYR 6 billion in Q3, the data showed.
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