Services

Annual Economic Statistics - Services Sector

Latest Release : 16 March 2023
9 November 2022
Revenue for Services Sector Third Quarter 2022 11 August 2022
Revenue for Services Sector Second Quarter 2022 12 May 2022
Revenue for Services Sector First Quarter 2022 12 May 2022
Volume Index of Services First Quarter 2022 9 February 2022
Revenue for Services Sector Fourth Quarter 2021 9 February 2022
Volume Index of Services Fourth Quarter 2021 Show all release archives
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Overview

Services sector recorded gross output value of RM1,174.5 billion in 2021 as compared to RM1,155.8 billion in 2020, an increase of 1.6 per cent. In line with the growth in gross output, the value of intermediate input also increased by RM7.5 billion to record RM516.3 billion, with annual growth of 1.5 per cent, and thus resulting a value added of RM658.3 billion for the year of 2021.

The number of persons engaged in this sector recorded an increase of 0.1 per cent to 5,517,330 persons as compared to 5,513,840 persons in 2020. Meanwhile, the salaries & wages paid in 2021 amounted to RM180.4 billion, an increase of 0.6 per cent compared to 2020, and value of fixed assets amounted to RM1,134.5 billion (2.4%) as shown in Exhibit 1.

 

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Glossary

Services are the result of a production activity that changes the conditions of the consuming units, or facilitates the exchange of products or financial assets.

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