Macroeconomic Outlook Report: Malaysia

Macroeconomic Outlook Report: Malaysia

Summary

Mining, manufacturing and utilities activities contributed 36.3% to the gross value added (GVA) in 2023, followed by wholesale, retail and hotels (20.0%) and financial intermediation, real estate and business activities (10.2%). In nominal terms, the three segments are expected to grow by 7.6%, 8.2%, and 7.3%, respectively, in 2024.

Four major cities comprised 76% of the country’s population in 2023 and 43.2% of the Malaysia GDP in 2023, according to GlobalData.

The FBMKLCI index has been on an upward trend. As of May 01, 2024, the index stood at 1,576 compared to 1,480.9 on May 01, 2023.

Scope

• As part of Budget 2024 in October 2023, the country allocated MYR11.8 billion ($2.6 billion) for 33 high-priority flood mitigation projects and MYR1.1 billion ($241.2 million) to address water supply issues.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.