Total Supply and Use recorded at RM4.1 trillion in 2020
Malaysia’s Input-Output (I-O) Tables for 2019 and 2020 are updated tables based on the I-O Table 2015. These tables provides comprehensive information regarding the flow of goods and services in the economy. These tables portray the economic performance, the relationship between producers and consumers and interdependence between industries.
The total supply and use in the Malaysian economy in 2020 amounted to RM4,089.6 billion as compared to RM4,382.8 billion in 2019. Its annual growth rate decreased by 6.7 per cent from the previous year.
The total domestic production decreased 5.9 per cent to RM3,260.6 billion (79.7%) in 2020 from RM3,464.2 billion (79.0%) in 2019. The domestic production was driven by the Manufacturing sector with a share of 43.4 per cent (RM1,414.0 billion). The second largest contributor was the Services sector, which contributed 42.2 per cent.
Meanwhile, imports contributed 19.2 per cent with a value of RM783.2 billion, a decrease of 10.4 per cent compared to the previous year. The net taxes on products amounted to RM45.9 billion in 2020 compared to RM44.9 billion in 2019, recording an annual growth of 2.2 per cent.
Intermediate use was driven by the Manufacturing sector with a contribution of 58.8 per cent, which rose to RM1,109.7 billion in 2020, primarily supported by Electronic components and boards (RM173.1 billion), Vegetable & animal oils and fats (RM134.5 billion) and Coke and refined petroleum products sub-sectors (RM126.9 billion).
Final use was mainly contributed by Exports with a share of 39.7 per cent or RM873.5 billion, followed by Private consumption with 39.2 per cent (RM863.0 billion) and Gross fixed capital formation with 13.5 per cent (RM296.7 billion).
The Manufacturing sector recorded the highest output multiplier with 2.04 in 2020. Meanwhile, Finance & insurance sub-sector recorded the highest value added multiplier with 0.90 in 2020.
The Manufacturing sector as well as Utilities sub-sector were the key sector in 2020. These sector and sub-sectors provide the output to a wide range of industries and their influences in the economy are greater than the total average of industries in Malaysia.
The full publication of the Malaysian Input-Output Tables 2019 & 2020 can be downloaded through eStatistik Portal.
DEPARTMENT OF STATISTICS MALAYSIA
29 August 2022
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248