chapter 6 - Malaysia Productivity Corporation ( MPC)

PRODUCTIVITY PERFORMANCE OF MALAYSIA
PRODUCTIVITY PERFORMANCE OF
MALAYSIA
Malaysia recorded a productivity growth of 4.6%
in tandem with the 5.1% Gross Domestic Products
(GDP) growth and 0.6% increase in employment
in 2011 (Figure 1.1). The unemployment rate
declined to 3.1% from 3.3% recorded in 2010. The
productivity level improved to RM54,023 from
RM51,674 achieved in 2010.
2
Analysis of productivity growth over three year
intervals (2007-2009 and 2009-2011) showed that
Malaysia achieved higher productivity growth
during the later period (2.8%) as compared to the
earlier period (1.9%). However, over a five year
period, the growth was 3.2% (Table 1.1).
Productivity growth was broad-based across all
major economic sectors except mining which
recorded a decline in 2011. The agriculture sector
recorded the highest productivity growth of
Figure 1.1: Gross Domestic Product (GDP), Employment and Productivity Growth, 2007-2011
Percent
8.0
6.0
4.0
2.0
0
-2.0
-4.0
2007 2008 2009 2010 2011
GDP 6.48 4.81 -1.64 7.19 5.14
Employment 2.56 1.15 0.23 1.35 0.57
Productivity 3.83 3.61 -1.86 5.77 4.55
Computed from: Department of Statistics, Malaysia
Economic Report, Ministry of Finance, Malaysia
Table 1.1: Productivity and GDP Growth, 2007-2011
Year GDP Growth (%) Productivity Growth (%)
2007 – 2011 4.40 3.18
2007 – 2009 3.22 1.86
2009 – 2011 3.56 2.82
Computed from: Department of Statistics, Malaysia
Economic Report, Ministry of Finance, Malaysia
Table 1.2: Productivity Level and Growth, 2011
Economic Activities Level (RM) Growth (%)
Agriculture 29,466 6.23