chapter 6 - Malaysia Productivity Corporation ( MPC)

productivity of the sector was impacted by the
decline in the production of crude oil due to
shutdowns of several facilities for maintenance as
well as upgrading activities to expand oil and gas
production capacity.
Regional Overview of Comparative
Productivity Performance
Although affected by the global economic
slowdown in terms of export performance,
Malaysia’s productivity had surpassed growth
recorded by most Organisation of Economic
Cooperation Development (OECD) countries.
Malaysia recorded a 4.6% productivity growth,
CHAPTER 1
ahead of Republic of Korea (2.1%), Finland
(1.9%), USA (1.2%), UK (0.5%) and Japan (-2.0%)
(Figure.1.16).
In terms of level, Malaysia’s productivity level at
USD14,217 was lower than Republic of Korea
(USD39,490), Finland (USD64,345), USA (USD92,369)
UK (USD66,906) and Japan (USD74,258) (Figure
1.16). Strong economic fundamentals coupled
with pragmatic macro economic policies and the
implementation of ETP are among the initiatives
taken by the Government to further enhance
Malaysia’s productivity level.
Among the selected Asian countries, China
recorded the highest productivity growth of
Figure 1.16: Productivity Levels and Growth of Malaysia and Selected OECD Countries, 2011
IRELAND
UNITED STATES
JAPAN
UNITED KINGDOM
FINLAND
AUSTRALIA
CANADA
KOREA
NEW ZEALAND
MALAYSIA
(14.217)
0 10 20 30 40 50 60 70 80 90 100
USD Thousand
Computed from: OECD Economic Outlook, Vol. 90 Database
: OECD Statistics
: Country Data, The Economist Intelligent Unit
(39.490)
(34.786)
(66.906)
(64.345)
(58.863)
(56.988)
(74.258)
(96.559)
(92.369)
2.85
1.19
-0.20
0.50
1.88
0.30
0.59
2.07
-0.29
4.55
Percent
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