The share of the manufacturing industry to the gross domestic product (GDP) in Malaysia in 2023 was at 23 percent. Although this was a slight decrease compared to the previous year, manufacturing was still the second largest economic sector in the country, contributing more than 366 billion Malaysian ringgit to the GDP in the same year.
Important sector for employment
As a large sector that comprises different important industries, including electrical and electronics (E&E), automotive manufacturing, as well as food manufacturing, manufacturing in Malaysia is a main source of employment. The number of people employed in the manufacturing industry has been constantly increasing in the past decade and reached around 2.8 million people in 2023.
Foreign investments in manufacturing
The manufacturing industry in Malaysia also attracts foreign investors. As of 2023, the value of approved foreign investments in manufacturing was at around 128.5 billion Malaysian ringgit, while domestic investments stood at approximately 23.5 billion Malaysian ringgit. The current government planned to further increase investments in the manufacturing sector and create thousands of new jobs with the New Industrial Master Plan 2030.
Share of the manufacturing industry to the gross domestic products (GDP) in Malaysia from 2015 to 2023
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Statistics Malaysia. (May 16, 2024). Share of the manufacturing industry to the gross domestic products (GDP) in Malaysia from 2015 to 2023 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1338643/malaysia-share-of-the-manufacturing-industry-to-the-gdp/
Statistics Malaysia. "Share of the manufacturing industry to the gross domestic products (GDP) in Malaysia from 2015 to 2023." Chart. May 16, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1338643/malaysia-share-of-the-manufacturing-industry-to-the-gdp/
Statistics Malaysia. (2024). Share of the manufacturing industry to the gross domestic products (GDP) in Malaysia from 2015 to 2023. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1338643/malaysia-share-of-the-manufacturing-industry-to-the-gdp/
Statistics Malaysia. "Share of The Manufacturing Industry to The Gross Domestic Products (Gdp) in Malaysia from 2015 to 2023." Statista, Statista Inc., 16 May 2024, https://www.statista.com/statistics/1338643/malaysia-share-of-the-manufacturing-industry-to-the-gdp/
Statistics Malaysia, Share of the manufacturing industry to the gross domestic products (GDP) in Malaysia from 2015 to 2023 Statista, https://www.statista.com/statistics/1338643/malaysia-share-of-the-manufacturing-industry-to-the-gdp/ (last visited December 03, 2024)
Share of the manufacturing industry to the gross domestic products (GDP) in Malaysia from 2015 to 2023 [Graph], Statistics Malaysia, May 16, 2024. [Online]. Available: https://www.statista.com/statistics/1338643/malaysia-share-of-the-manufacturing-industry-to-the-gdp/
