Overview - MPC

2009
• As for the finance sub-sector, TFP
grew by 3.1% and contributed 40.4%
to output growth. The contribution from
labour and capital were 29.7% and
29.9% respectively. The growth in TFP
was attributed to efficient consumer
credit activities, innovative new range of
products and services such as Islamic
financing (Figure 3.6).
Figure 3.6: Contribution to Output Growth for
Finance Sub-Sector
TFP Capital Labour
29.69%
29.94%
40.36%
CHAPTER 3
• Transport sub-sector recorded TFP
growth of 2.1% and contributed
34.1% to output growth. Labour and
capital contributed 34.3% and 31.6%
respectively. The TFP growth was due
to the competitive and value added
services offered, modernisation of
transport equipments and facilities
(Figure 3.7).
• Utilities sub-sector registered a TFP
growth of 0.7% and contributed 16.5%
to output growth while labour and
capital contributed at 43.2% and 40.3%
respectively. The improvement in TFP
growth was due to factors such as
better strategic planning and managing
of energy resources, restructuring
programme for the water supply industry
undertaken to ensure sustainability and
efficiency of the water supply, as well as
continuous investment in human capital
through learning and training (Figure 3.8).
Computed from:
- Economic Report, Ministry of Finance, Malaysia
- Economic Planning Unit, Malaysia
- Department of Statistics, Malaysia
Figure 3.7: Contribution to Output Growth for
Transport Sub-Sector
TFP Capital Labour
34.31%
31.63%
34.06%
Computed from:
- Economic Report, Ministry of Finance, Malaysia
- Economic Planning Unit, Malaysia
- Department of Statistics, Malaysia
Figure 3.8: Contribution to Output Growth for
Utilities Sub-Sector
TFP Capital Labour
16.46%
43.21%
40.32%
Computed from:
- Economic Report, Ministry of Finance, Malaysia
- Economic Planning Unit, Malaysia
- Department of Statistics, Malaysia
PRODUCTIVITY REPORT 2009 41