chapter 6 - Malaysia Productivity Corporation ( MPC)

PRODUCTIVITY PERFORMANCE OF THE SERVICES SECTOR
Figure 6.3: Productivity Growth of Services Sector, 2007-2011
Computed from: Department of Statistics, Malaysia
Economic Report, Ministry of Finance, Malaysia
among the sub-sectors with productivity levels
valued at RM214,991. Its growth was attributed
mainly to favourable property transactions and
shared services and outsourcing (SSO) activities.
The finance sub-sector achieved a productivity
growth of 4.3% to a level RM100,664 from RM96,497
in 2010. The sub-sector had benefited from active
lending activity and growing bancassurance and
takaful business as well as Malaysian Government’s
decision to require all foreign workers in the country
100
Percent
12.0
10.0
8.0
6.0
4.0
2.0
0
-2.0
-4.0
2007 2008 2009 2010 2011
Services 7.32 5.42 1.99 4.89 4.92
Utilities 2.05 0.76 -0.77 5.50 2.60
Wholesale and retail 10.09 9.80 1.42 5.28 5.60
Accom. and restaurant 4.63 3.91 0.59 3.89 4.12
Transport and storage 6.05 2.41 -3.29 5.76 4.28
Communication 10.14 10.57 6.44 6.71 5.76
Finance and insurance 9.35 6.50 4.40 4.78 4.32
Real estate and business services 3.10 0.22 4.09 5.99 5.03
Other Services 2.69 3.14 2.39 1.67 4.30
to have medical insurance coverage effective from
1 January 2011.
Total Factor Productivity
During the period 2002-2011, the services
sector registered a TFP growth of 3.3%. This
growth contributed 55.1% to output growth
while capital and labour contributed 14.1% and
30.8% respectively. Wholesale and retail trade
services recorded the highest TFP growth of