Q4 2011 GDP

Going through the Economic and Financial Developments in the Malaysian Economy in the Fourth Quarter of 2011 downloaded from BNM website.

BNM released Q4 GDP figures last a couple of days ago. Q42011 GDP growth slowed to 5.2% vs Q3: 5.8%. Overall still sustainable.



Annual basis
2011: + 5.2% (moderate growth)
2010: +7.1% (high due to G stimulus)
2009: - 1.7%. (Sub-prime crisis)


It is interesting that BNM report does not break down GDP by the common components ie CIGXM.

Managed to find a presentation by Dr. Sukhdave Singh, Assistant Governor
Bank Negara Malaysia in Apr 2011. Overall private consumption (C) contribute 53% (2010: 44%) to GDP. Hence, private consumption is getting more and more important to GDP.


What worrying is the growth in private spending was financed by the increasing debt taken by households. House hold debt make-up of 76% of GDP.