How labour productivity in Malaysia fared in Q4 2022

By value added per hour worked, labour productivity improved by 1.9% year-on-year as the country’s economy expanded by 7%, while total hours worked went up 5% (Q3 2022: 10%).

Labour productivity in Malaysia, as expressed by value added per employment, saw a year-on-year growth of 3.6% in Q4 2022 (Q3 2022: 10.2%), according to data from the Department of Statistics Malaysia (DOSM).

This comes as total employment in the country rose by 3.2%, recording a total of 15.9mn people employed in the quarter (Q3 2022: 15.8mn people).

In terms of value added per hour worked, labour productivity improved by 1.9% year-on-year as the country’s economy expanded by 7%, while total hours worked went up 5% (Q3 2022: 10%). Total hours worked in the quarter was 9.2bn (Q3 2022: 9bn hours), the report added.

Overall, for 2022, labour productivity as expressed by value added per hour worked rebounded 1.8% with a level of RM41.7 per hour, as compared to 2021 where a 2.6% decrease was recorded, with a level of RM41.0 per hour). Meanwhile, labour productivity measured as value added per employment rose 5.4% in the year, to record value a level of RM95,628 per person as compared to 2021 (1.8%, RM90,697 per person).

The report broke down these figures by five specific sectors - agriculture, mining and quarrying, manufacturing, construction, and services, as detailed in the infographics below.

Lead image / Shutterstock

Infographics / DOSM