Malaysia’s labour productivity grew 2.1% in 2019

In the first quarter of 2020 (1Q20), Malaysia posted GDP growth of 0.7%, and a further decline can be expected in the second quarter of 2020 due to the unintended economic consequences of the COVID-19 pandemic..

KUALA LUMPUR: Malaysia recorded a labour productivity growth of 2.1% to RM93,973 in 2019 from RM92,018 in 2018, contributing to the country’s gross domestic product (GDP) gowth of 4.3% in 2019, says Malaysia Productivity Corp (MPC).

In terms of labour productivity by value-added per hour, the MPC in its National Productivity Report 2020 said growth was 2.2% in 2019 compared with 3.4% in 2018.