Gross Fixed Capital Formation (GFCF) for year 2010 to 2014 has been realigned with the rebasing of GDP to year 2010. The statistics are presented by kind of economic activity, type of assets and public & private sectors at current and constant 2010 prices.
PERFORMANCE OF GFCF
In 2014, GFCF grew by 4.8 per cent (constant prices) with a value of RM264.3 billion (Chart 1). In current terms, value of GFCF stood at RM287.5 billion.
GFCF by activity marked the Services sector remained as the significant contributor to the growth, followed by Manufacturing and Mining & Quarrying. During 2014, Private sector investment continued as the catalyst towards total investments.
Chart 1: GDP and GFCF at Constant 2010 Prices, 2010-2014
GFCF BY KIND OF ECONOMIC ACTIVITY
Table 1 shows the growth and composition of GFCF by kind of economic activity. For year 2014, acquisition of fixed assets for all activities in the economy posted a positive growth spearheaded by Services and Manufacturing.
Table 1: GFCF at Constant 2010 Prices, 2013 and 2014
Services remained as the main contributor for the growth of GFCF in 2014, amidst at a more moderate rate of 3.7 per cent (2013: 10.0%). The positive drive in Services was impelled by the Finance, Insurance, Real Estate & Business Services with a double-digit growth of 19.8 per cent (2013: 16.9%) and Wholesale & Retail Trade which rose to 8.1 per cent. On the contrary, Other Services declined 6.5 per cent as compared to 2.3 per cent registered in the previous year.
Manufacturing rose to 7.5 per cent as compared to 5.2 per cent in 2013. The better performance of Manufacturing was underpinned by the Petroleum, Chemical, Rubber and Plastic products which accelerated to 10.7 per cent (2013: 1.6%). In addition, Food, Beverages and Tobacco remained resilient with a growth of 11.1 per cent while Electrical, Electronic & Optical products and Transport Equipment moderated to 4.6 per cent (2013: 7.5%).
Agriculture posted a growth of 7.2 per cent attributed by positive momentum of Rubber & Oil Palm and Livestock & Fishing. Meanwhile, Construction rose to 8.2 per cent in 2014.
GFCF BY TYPE OF ASSETS
Structure surged to 9.9 per cent and continued as the prime mover with a share of 53.2 per cent (Chart 2). ICT Equipment and Other Machinery & Equipment grew 2.7 per cent which was propelled by expenditure on Other Machinery Equipment. Nevertheless, the contraction in Transport Equipment at 10.6 per cent (share: 10.2%) has weighed down the overall performance of GFCF.
Chart 2: GFCF by Type of Assets at Constant 2010 Prices, 2013 and 2014
GFCF BY SECTOR
The performance of Malaysia's investment was reinforced by the Private sector with a share of 63.8 per cent (2013: 60.2%). Meanwhile, the investment in Public sector contributed 36.2 per cent in 2014 (Chart 3).
Chart 3: GFCF by Sector at Constant 2010 Prices, 2013 and 2014
GFCF BY SECTOR AND KIND OF ECONOMIC ACTIVITY
Services and Manufacturing activities served as a major contributor in GFCF of Private sector as depicted in Chart 4. The share of Services has improved to 51.2 per cent as against 49.6 per cent in the preceding year. Manufacturing stood at 24.2 per cent while the other remaining activities constituted 24.5 per cent of total Private GFCF in 2014 .
GFCF of Public sector was largely dominated by Services and Mining & Quarrying with a share of 66.9 per cent and 25.8 per cent, respectively. Manufacturing as the third contributor climbed to 6.7 per cent as compared to 5.8 per cent in 2013.
Chart 4: GFCF by Sector and Kind of Economic Activity at Constant 2010 Prices, 2010–2014
Table 1 - GFCF by Kind of Economic Activity at Current Prices and Constant 2010 Prices
Table 2 - GFCF by Type of Assets at Current Prices and Constant 2010 Prices
Table 3 - GFCF by Sector and Kind of Economic Activity at Current Prices and Constant 2010 Prices
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
20 August 2015
Norrita binti Amran
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : [email protected]v.my