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Malaysia
Economic
Highlights
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May 2008
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Economic Growth Rate -
GDP |
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In the first
quarter of 2008, Malaysia economic remained resilient
with the real GDP registered a growth of 7.1%.
All major sectors of the
economy registered positive growth. On the supply side,
the Services sector continued to be the main catalyst to
the growth, followed by the Manufacturing sector which
recorded 8.0% and 6.9% respectively. 
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Balance of Payments - Current
Account |
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The
Current Account Surplus for the period of the
last three months of 2007 was RM26.2billion, as compared to
RM29.5 billion in the third quarter.
The Estimated Current Account
Surplus is RM98.3 billion* for the year
2008.
*Central Bank of Malaysia
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Net
International Reserves |
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The net international reserves for the
month of April 2008 recorded an increase of 25.4% to RM396.6
billion. The value for the same month in 2007 was RM316.2
billion. |
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Exports, Imports and Balance of Trade |
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Labour Force, Employment and Unemployment |
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Year 2002 |
Q1 |
Q2 |
Q3 |
Q4 |
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Total Labour Force ('000) |
10,046.5 |
9,901.8 |
9,882.8
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9,809.9 |
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Unemployment ('000) |
375.1 |
381.0 |
314.6 |
313.1 |
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% of Labour Force |
3.7 |
3.8 |
3.2 |
3.2 |
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Year 2003 |
Q1 |
Q2 |
Q3 |
Q4 |
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Total Labour Force ('000) |
10,258.9 |
10,167.0 |
10,337.6 |
10,280.8 |
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Unemployment ('000) |
388.3 |
409.8 |
351.0 |
328.3 |
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% of Labour Force |
3.8 |
4.0 |
3.4 |
3.2 |
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Year 2004 |
Q1 |
Q2 |
Q3 |
Q4 |
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Total Labour Force ('000) |
10,307.3 |
10,402.9 |
10,414.2 |
10,486.6 |
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Unemployment ('000) |
387.3 |
386.3 |
356.9 |
349.7 |
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% of Labour Force |
3.8 |
3.7 |
3.4 |
3.3 |
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Year 2005 |
Q1 |
Q2 |
Q3 |
Q4 |
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Total Labour Force ('000) |
10,307.3 |
10,541.7 |
10,498.6 |
10,398.3 |
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Unemployment ('000) |
363.5 |
326.1 |
397.6 |
400.2 |
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% of Labour Force |
3.5 |
3.1 |
3.8 |
3.8 |
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Year 2006 |
Q1 |
Q2 |
Q3 |
Q4 |
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Total Labour Force ('000) |
10,555.7 |
10,686.4 |
- |
- |
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Unemployment ('000) |
399.8 |
359.2 |
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- |
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% of Labour Force |
3.8 |
3.4 |
- |
- |
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Year 2007 |
Q1 |
Q2 |
Q3 |
Q4 |
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Total Labour Force ('000) |
10,826.7 |
10,970.6 |
10,967.9 |
10,999.0 |
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Unemployment ('000) |
365.4 |
369.4 |
340.6 |
333.4 |
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% of Labour Force |
3.4 |
3.4 |
3.1 |
3.0 |
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Industrial Production Index (2000=100) |
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The
Industrial Production Index (IPI)
for the first
quarter of 2008 continued to strengthen at 5.6% to 138.4
points compared to 131.0 points in the corresponding quarter
of 2007.
All components that posted
gains namely Manufacturing 6.4%, Electricity 4.5%, and
3.7% in Mining.
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Consumer Price Index (2005=100) |
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The
Consumer Price Index (CPI) for January-April
2008 added 2.7% to 107.9 points compared to 105.1 points for
the same period in year 2007.
Notable among these
increases are those main components with high weights
namely Food & Non-Alcoholic Beverages (4.7%), Housing,
Water, Electricity, Gas & Other Fuels (1.4%) and
Transport (0.9%).
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Producer Price Index (2000=100) |
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The
Producer Price Index for January - April
2008 added 10.0% to 140.3 points compared to 127.5 points
for the same period in 2007.
The expansion was in line with the positive change in
Mineral Fuel/Lubricants & Related Materials component at
33.2%. Minor components such as Animal & Vegetable Oils
& Fats registered highest percentage change of 58.7%. |
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Exchange Rate of the Malaysian Ringgit |
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Currency |
2003 |
2004 |
2005 |
2006 |
2007 |
2008* |
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U.S.
Dollar |
3.8000 |
3.8000 |
3.7871 |
3.6682 |
3.4367 |
3.2098 |
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Pound
Sterling |
6.2106 |
6.9652 |
6.8939 |
6.7555 |
6.8795 |
6.3523 |
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Singapore Dollar |
2.1814 |
2.2487 |
2.2759 |
2.3087 |
2.2814 |
2.2965 |
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* Jan-Apr 2008
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- Production of
crude
oil
for January - April 2008 registered a increase of 5.5%
to 85.53 million barrels compared with the production in
the same period of pervious year at 81.06 million
barrels.
- The average price of
crude oil
per barrel in January-April 2008 increased by 49.2% to
RM103.08 per barrel for the same period of previous
year.
- Price recorded for April
2008 was US$105.67per barrel.
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Data Source:
Department of Statistics, Malaysia (May 2008) |
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MacroEconomic Indicators  |
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GDP |
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2008 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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7.1 |
- |
- |
- |
- |
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2007 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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5.5 |
5.7 |
6.7 |
7.3 |
6.3 |
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2006 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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6.0 |
6.1 |
6.0 |
5.7 |
5.8 |
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2005 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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6.2 |
4.4 |
5.3 |
5.2 |
5.3 |
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2004 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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7.8 |
8.4 |
6.7 |
5.8 |
6.8 |
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2003 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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4.6 |
4.6 |
5.3 |
6.6 |
5.8 |
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2002 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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1.3 |
4.1 |
5.8
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5.6 |
4.4 |
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2001 |
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Q1 |
Q2 |
Q3 |
Q4 |
Year |
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3.0 |
0.4 |
-0.9 |
-0.5 |
0.3 |
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GNI & National Savings |
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Year |
GNI
(RM Million) |
Per Capita
GNI
(RM) |
Gross National Savings
(% of GNI) |
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