More jobs, higher wages, stronger investor confidence: Malaysia’s 5.1pc GDP growth in 2024 fuels economic momentum, says minister

Quick Summary:

KUALA LUMPUR, Feb 19 — Malaysia’s gross domestic product (GDP) growth, which reached 5.1 per cent in 2024, has provided...

He said private consumption continued to be the main contributor to GDP in 2024 at 60.7 per cent, driven by increased demand for essential goods and services.

He said that as a country that practices the policy of open economy, Malaysia is directly involved in the global supply chain and adopts a neutral approach in dealing with other countries, including the United States (US) and China, which are among the country’s main trading partners.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaGermanyNetherlandsUnited States

Topics: Malaysia economy GDP growth malaysia Amir Hamzah Azizan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 16:37:28 (4 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 26358502

View Article Analysis

About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 5 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions