Description
Malaysia Real Gross Domestic Product (GDP) in US Dollars is released by the Department of Statistics Malaysia (DOSM). This indicator measures the value of all goods and services produced within Malaysia, adjusted for inflation and expressed in US dollars. It is a key indicator for assessing the economic performance and growth of Malaysia. Higher GDP figures indicate a strong performing economy, while lower figures suggest an economic slowdown.
Real GDP is calculated by adjusting Nominal GDP for inflation, using the GDP deflator. It includes the sum of consumption, investment, government spending, and net exports (exports minus imports). The figures are then converted to US dollars based on the current exchange rate.
The data is updated quarterly, with each release typically occurring a few months after the conclusion of the quarter being reported.