Chief statistician Mohd Uzir said net capital stock continued to grow at 2.9% in 2023 as against 2.4% in the previous year.
KUALA LUMPUR: Accumulated fixed asset investment, or gross capital stock, grew 3% year-on-year to RM5.60 trillion in 2023, the Statistics Department says.
Simultaneously, net capital stock or NKS, which represents the wealth of Malaysia’s economy, reached a value of RM3.50 trillion last year.
Chief statistician Datuk Seri Mohd Uzir Mahidin said the NKS continued to grow at 2.9% in 2023 as against 2.4% in the previous year.
“This NKS expansion was supported by better growth across all sectors except for agriculture, which grew at a slower pace of 0.4% from 0.6% in 2022,” he said in a statement yesterday.
In its Capital Stock Statistics 2023 report released yesterday, the Statistics Department said that the services sector was the largest contributor to NKS by economic activity at 69% in 2023.
The report said the services sector NKS grew 3.5% to reach RM2.4 trillion.
All types of assets for NKS increased last year compared to 2022, said Mohd Uzir. — Bernama
