How does Q2 2025 GDP growth compare to Q2 2024?

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Q2 2025 GDP Growth Was Slower Than Q2 2024

The Malaysian economy expanded by 4.4 per cent in the second quarter of 2025 (2Q 2025). This represents a deceleration compared to the 5.9 per cent growth recorded in the second quarter of 2024 (2Q 2024).
Economic Expansion in 2Q 2025

In the second quarter of 2025, Malaysia's Gross Domestic Product (GDP) grew by 4.4 per cent. This growth was primarily driven by robust domestic demand, with household spending showing an increase. The overall expansion for the first half of 2025 also stood at 4.4 per cent.
Comparison with Previous Year

The economic performance in 2Q 2025 showed a notable difference from the same period in the previous year. In 2Q 2024, the country's economy had experienced a more significant expansion of 5.9 per cent.
Analyst Interpretation of GDP Data

Analysts noted that the 2Q 2025 GDP growth of 4.4 per cent was marginally above the consensus forecast of 4.3 per cent from institutions like UOB Kay Hian, Maybank Investment Bank, Hong Leong Investment Bank, and Bank Muamalat. However, it was slightly below the 4.5 per cent advance estimate released in the preceding month.
Domestic Demand as a Growth Driver

The resilience of the domestic economy was highlighted, particularly through key domestic demand drivers. Private consumption rose from RM257.65 billion in 1Q 2025 to RM263.18 billion in 2Q 2025. Concurrently, gross fixed capital formation increased from RM91.67 billion to RM97.67 billion within the same timeframe. These components are considered fundamental to domestic growth.

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How does Q2 2025 GDP growth compare to Q2 2024?

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