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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



Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, group discounts when you bring your team.

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