On November 15, 2024, Malaysia reported a 5.3% increase in its gross domestic product (GDP) for the third quarter compared to the same period last year. This growth aligns with both the advance estimate and the median forecast from a Bloomberg News survey of analysts.
Sequentially, the economy expanded by 1.8% from the previous quarter, indicating robust performance driven by a surge in investments and heightened domestic spending, as confirmed by the central bank and the statistics department.