Services Sector In Malaysia
Inputs and the performance of the manufacturing sector in malaysia.
Services sector in malaysia. The remainder is the tradable services sector which has commercial and growth. If you wish to use a diploma or higher qualification you need to produce a copy of the transcript or a letter from the institution stating the course duration. The services sector which accounts for about 53 9 percent of malaysia s gross domestic product gdp remains a key driver of growth for the malaysian economy.
The contribution of services to gdp is on an increasing trend and by 2020 the contribution of services is targeted to reach 58 percent. At present 7 of the services sector share of gdp consists of services provided by the government. As per world trade organization eight developing countries are in the list of the world s 30 largest exporters of services and malaysia was ranked 30th in 2008.
As malaysia moves towards becoming a developed nation greater emphasis should be targeted on the development of the services sector to serve as the engine of growth to propel and sustain the economy. In the eleventh malaysia plan 2016 2020 the services sector will continue to be the primary driver of the economic growth. Gdp from services in malaysia averaged 152566 81 myr million from 2010 until 2020 reaching an all time high of 216950 myr million in the fourth quarter of 2019 and a record low of 99821 myr million in the first quarter of 2010.
The services sector has always been important to the manufacturing sector its role has likely to. Malaysia sijil pelajaran malaysia spm.
