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17 February 2023. Friday
KUALA LUMPUR (Feb 17): Malaysia’s gross output expanded by RM307.6 billion or 10.6% to RM3.21 trillion in 2021, from RM2.90 trillion in 2020, said the Department of Statistics Malaysia (DOSM).
Releasing its annual economic statistics for 2021, the DOSM said the manufacturing sector remained a primary contributor with a 50.1% share, or RM1.61 trillion, of the value of gross output and a 17.4% annual percentage change.
This was followed by the services sector, which was valued at RM1.17 trillion (share: 36.6%; annual percentage change: 1.6%), and construction at RM170.8 billion (share: 5.3%; annual percentage change: -1.4%).
Meanwhile, the DOSM said intermediate input for the overall economic sectors registered a double-digit growth of 12.2% in 2021 to RM1.96 trillion, from RM1.75 trillion in the previous year.
It said the value added for all economic sectors in 2021 grew 8.1%, with an increase of RM93.8 billion to RM1.25 trillion, against RM1.16 trillion in 2020.
“The services sector, with a share of 52.6%, was the prime mover of the economy, with the value added rebounding 1.7% to RM658.2 billion in 2021, compared with RM647 billion in 2020,” it said.
The DOSM said this was followed by the manufacturing sector, with a 14.6% growth and RM355.1 billion in value added.
“The mining and quarrying sector also recorded a robust growth of 31.6%, with added value of RM125.1 billion, from 2020’s RM95 billion,” it said.
