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How Malaysia’s labour productivity rate fared in 2017



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In Q4 2017, Malaysia’s labour productivity grew 3.6% (RM85,031), as compared to the 4.1% growth (RM82,433) registered in Q3 2017, as confirmed by Department of Statistics Malaysia. The economy expanded 5.9% (Q3 2017: 6.2%) while employment rose 2.2% (Q3 2017: 2.0%).

Sectoral rates for labour productivity are given below:

  • Agriculture sector – Labour productivity growth of 4.8% (Q3 2017: 5.2%) at RM55,490. Value  added increased significantly at 10.7% (Q3 2017: 4.1%) while employment rebounded to 5.6%.
  • Mining and quarrying sector – Turned around to 4.7% (RM1,240,137) from negative growth of 8.5% in Q3. Value added at a marginal decrease of 0.5%%, while employment declined at 5%.
  • Manufacturing sector – Labour productivity increased 3.6% (Q3 2017: 5.1%) at RM115,434. Value added rose 5.4%, while employment grew slightly by 1.8% (Q3 2017: 1.7%).
  • Construction sector – Labour productivity growth of 1.4% (Q3 2017: 4.8%) at RM39,967. Value  added grew by 5.8% (Q3 2017: 6.1%) while employment rose 4.3% (Q3 2017: 1.2%).
  • Services sector – 4.7% increase (Q3 2017: 3.7%) in labour productivity. The value added registered a growth of 6.2% (Q3 2017: 6.5%) while employment grew 1.5% (Q3 2017: 2.7%).

For the full year 2017, labour productivity increased 3.6% (2016: 3.5%) with a value of RM81,039 (2016: RM78,244). In line with the expansion of value added at 5.9% (2016: 4.2%), employment increased 2.2% (2016: 0.7%).

More details are in the infographic below:

Labour-Productivity-Fourth-Quarter-2017-2

 

All images / Department of Statistics, Malaysia



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