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2014, petroleum and natural gas accounted 8.4% of GDP

Petroleum And Natural Gas Statistics, 2012

Release Date : Wednesday 30, January 2013 1457

Overall performance

The share of the petroleum and natural gas mining industry to the Gross Domestic Product (GDP) in 2011, was 8.7 per cent (at constant 2005 prices), while the comparative figure in 2010 was 9.7 per cent. The performance of the petroleum and natural gas mining industry in Malaysia for reference year 2011 as compared to 2010 which was obtained from the Census is shown in Table 1. 

Table 1 : Principal statistics of petroleum and natural gas mining industry, 2010 and 2011

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Table 1 showed the total value of gross output in 2011 was RM109.2 billion, an increase of RM11.1 billion or 11.3 per cent from RM98.1 billion in 2010. The value of gross output is valued at ex-well unit price. The value of intermediate input also recorded an increase of 45.1 per cent in 2011. Thus, value added, which is the difference between value of gross output and intermediate input, increased by RM6.1 billion or 7.0 per cent. Total employment registered an increase of 385 employees or 3.0 per cent to record 13,304 as compared to 12,919 employees in 2010. 

The value of fixed assets owned in 2011 rose to RM146.5 billion, an increase of 3.8 per cent compared to RM141.2 billion reported in the previous year. The largest capital expenditure incurred was machinery and equipment, representing 46.6 per cent of total capital expenditure in the reference year.

 

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