Malaysia's Economy Plunges 17.1% in Q2 2020

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Dwi Hadya Jayani 18/08/2020 13:40 WIB
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Malaysia's Economic Growth Based on Second Quarter 2020 Output
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The COVID-19 pandemic hit the global economy in the second quarter of 2020. Malaysia was one of the countries affected, experiencing a sharp economic contraction of -17.1%, its lowest since 1998. Based on expenditure, only government spending showed positive growth at 2.3%. Gross fixed capital formation (GFCF) contracted significantly by 28.9%.

The same trend was observed across economic sectors. Only the agricultural sector showed positive growth of 1%. Other sectors experienced negative growth, with the manufacturing sector contracting sharply by 44.5% and the construction sector by 20%.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Market Data

Macro update by
07 August 2026
Macro
Exchange Rates
Commodities
Employment
Name Value %
Inflasi yoy (Jul) 2,88% -0.46
Inflasi mom (Jul) -0,14% -0.58
Economic growth 5,11% +0.08
Pertumbuhan ekonomi (yoy) (Q1) 5,61% +4.08
Persentase kemiskinan (Mar) 8,07% -0.18
Gini rasio (Sem2) 0,38 0.00
Nilai Tukar USDIDR 17.916 +0.01
PDB ADHK (Q1) 3.447,70 -0.77
Neraca perdagangan (Jun) -450,50 -72.02
Ekspor Migas (Jun) 1,07 +40.52
Impor Migas (Jun) 4,56 +0.96
Ekspor (Jun) 25,46 +9.72
Impor (Jun) 25,91 +4.41
Kunjungan Wisman (Mei) 1,38 +10.69
NTP (Jul) 116,16 +1.32

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