Malaysia on track for third straight year of GDP growth above 5pc, says Amir Hamzah

Detailed summary

The Malaysian economy is expected to record growth of more than five per cent for the third consecutive year, driven by consistently strong ...

PUTRAJAYA, Nov 15 — The Malaysian economy is expected to record growth of more than five per cent for the third consecutive year, driven by consistently strong economic performance, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

He said Malaysia’s gross domestic product (GDP) grew by 5.1 per cent and 5.2 per cent in 2024 and 2025, respectively, while this year’s performance is also showing the same momentum.

“Alhamdulillah, the important thing is that our GDP this year, God willing, will exceed five per cent for three consecutive years,” he told reporters at the 2026 Finance Run programme organised by the Ministry of Finance (MoF) in conjunction with National Sports Day here today.

He also shared that the preliminary estimates released by the Department of Statistics Malaysia (DOSM) indicated that the country’s economy was expected to grow by 5.3 per cent in the third quarter of 2026.

He said this when asked to comment on the third-quarter GDP performance, which DOSM is scheduled to announce on Nov 18.

The country’s GDP growth for the first nine months of 2026 has so far been reported at 5.5 per cent.

Amir Hamzah said this achievement reflected the government’s efforts through the Madani Economic framework to raise the country’s economic “ceiling,” thereby creating more economic and job opportunities for the people.

Elaborating, he said raising the ceiling was important because further economic development would create better opportunities within the country, including higher-quality jobs.

Amir Hamzah also said that raising the economic ceiling would give the government more room to strengthen the economy’s “floor” to ensure that the benefits of growth could be more widely felt by the people.

Opening of the article, excerpted from Malay Mail. To read the rest, open the article on the publisher's site.