What was the economic growth rate of Malaysia before and after the 1973 oil crisis?

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Malaysia's Economic Growth Before and After the 1973 Oil Crisis

Malaysia experienced a significant slowdown in economic growth following the 1973 oil crisis. The nation's economy, which had seen robust expansion in the preceding years, contracted in its growth rate after the global energy shock.
High Growth Prior to the Crisis

Between 1971 and 1974, Malaysia recorded an impressive average annual economic growth rate of 8.4 per cent. This period of strong economic performance was characteristic of the nation's development trajectory during the early 1970s.
Slowdown in 1975

The impact of the 1973 oil crisis, which saw oil prices quadruple, transmitted to Malaysia through increased import costs for essential goods like fuel, fertilizer, and chemicals. Consequently, the country's economic growth rate declined to 3.5 per cent in 1975.
Broader Economic Repercussions

The 1973 oil crisis led to widespread economic challenges globally, including inflation and slowed growth, often referred to as stagflation. For Malaysia, the crisis specifically manifested in higher prices for imported food and agricultural inputs, directly affecting domestic production and overall economic momentum.

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What was the economic growth rate of Malaysia before and after the 1973 oil crisis?

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