Statistics Department: Malaysia’s net capital stock increased to RM3.28t in 2021

The DoSM said the growth of NKS was supported by the service sector at 68.2% of the overall share of economic activities, with a value of RM2.24 trillion, followed by the mining and quarrying sector contributing to 17.0% and the manufacturing sector at 11.7% percent. —Photo Reuters

Thursday 06 October 2022 13:22 MYT

KUALA LUMPUR, October 6 ― The net capital stock (NKS), which represents the wealth of the Malaysian economy, rose to RM3.28 trillion in 2021 from RM3.22 trillion in 2020, according to the Department of Malaysia Statistics (DoSM).

In the Capital Stock Statistics 2021 report released today, the DoSM said NKS growth was supported by the service sector at 68.2% of the overall share of economic activities, with a value of $2.24 trillion. RM, followed by the mining and quarrying sector contributing 17.0% and the manufacturing sector at 11.7%.

The services sector was supported by finance, insurance, real estate and business services activities with a share of 31.7%.

Transportation and warehousing and information and communication contributed 19.8%, while other services including government services, private education, private health and other private services contributed 31. 3%.

The manufacturing sector consisting of petroleum, chemicals, rubber and plastic products contributed 36.1%; electrical, electronic and optical products accounted for 33.3%, while the third largest contributor was food, beverages and tobacco products with 10.5%.

The DoSM said that in terms of asset type, structure remained the largest contributor to capital stock with a contribution of 80.7% and recording growth of 2.5%.

“Machinery and equipment was the second largest contributor with 11.0%, and other assets contributed 8.3% of total assets,” the DoSM added. ― Bernama

Sallie R. Loera