KUALA LUMPUR: The gross output value of the manufacturing sector rose to RM1.14 trillion in 2015 compared to RM836.5bil in 2010, with 6.4% compound annual growth rate (CAGR) value per annum, said Malaysia’s Statistics Department.
In a statement on Monday, the department said the gross output value in 2015 was the best achievement by sector under Economic Census 2016.
It said the electrical, electronic and optical products sub-sector was the largest contributor with RM322bil (28.2%).
Petroleum, chemical, rubber and plastic products was second largest contributing sub-sector with RM299.1bil (26.2%) followed by vegetable and animal oils and fats and food processing sub-sector recording RM199.8bil (17.5%), it said.
The Statistics Department said in line with the rapid growth in gross output, the value of intermediate input also increased by RM219bil to record RM884.8bil or CAGR of 5.9%.
“This resulted in an added value of RM257.1bil for 2015. During this period, the number of establishments recorded an increase of 9,432 or CAGR of 4.4% and the number of employees in this sector reported a 3.2% increase in CAGR with 2.12 million persons compared to 1.81 million persons in 2010,” it said.
Meanwhile, the department said, the salaries and wages paid in 2015 amounted to RM65.5bil compared to RM43.7bil in 2010.
It said in 2015, 9,546 women-owned establishments in the manufacturing sector accounted for 19.4% of the total establishments in the sector.
For women-owned establishments, the value of gross output and value added recorded were RM16.7bil and RM4.2bil respectively. A total of 86,051 persons were employed with RM2.1bil salaries and wages paid, it said. - Bernama
Get 30% off with our ads free Premium Plan!
