Flood Impact

Special Report on Impact of Floods in Malaysia, 2023

Latest Release : 11 March 2024
23 February 2023
Special Report on Impact of Floods in Malaysia 28 January 2022
Special Report on Impact of Floods in Malaysia 2021 Show all release archives
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Overview

 1.  Introduction

 

This report presents statistics on the value of flood losses in Malaysia for year 2023. The data obtained from special survey that was conducted from period of January to December 2023.

The flood losses include the value of the damage for living quarters, vehicles, businesses, and industrial premises. For damage of agricultural industry and public assets & infrastructure, data from relevant government agencies were used.

 

2. Overall Assessment on Impact of Floods in Malaysia

 

In 2023, overall losses due to floods were RM755.4 million (2022: RM1,026.5 million) which equivalent 0.04 per cent (2022: 0.06 per cent) as against nominal Gross Domestic Product. Living quarters losses amounted to RM168.3 million (2022: RM157.4 million), vehicles RM22.3 million (2022: RM18.8 million), business premises RM53.2 million (2022: RM50.3 million), manufacturing RM10.3 million (2022: RM8.7 million), agriculture RM120.6 million (2022: RM154.5 million ), and public assets & infrastructure RM380.7 million (2022: RM636.8 million) as shown in Exhibit 1.

 

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