Malaysia's Level Of Productivity Per Worker Has Increased

KUALA TERENGGANU (Terengganu, Malaysia), March 10 (Bernama) -- The Chief Secretary to the Government,  Mohd Zuki Ali, revealed that the level of productivity per worker in Malaysia rose to RM96,692 (US$20,613)  in 2023, marking an increase from RM95,858 (US$20,435) in 2022.

He highlighted that the number of workers also saw a year-on-year increase of 2.5 per cent reaching a total of 16.3 million individuals, signifying a stable labour market and an uptick in the nation’s economic activities. 

"This also reflects a positive trajectory in the creation of new job opportunities. This achievement is the result of collaboration between all parties in the public and private sectors. These collective efforts need to be continued and strengthened to ensure that the nation's goals and objectives can be achieved,” he said in an event on Sunday.

Mohd Zuki further noted that, based on the 2023 Global Innovation Index Report, Malaysia maintained its position at 36th out of 132 countries, with an increased overall score of 40.9 compared to 38.7 in 2022. 

He mentioned that Malaysia also holds the 27th position in the 2023 World Competitiveness Ranking, which is an improvement from its 32nd spot in 2022, indicating that the country is on the right track towards achieving developed and high-income status. 

-- BERNAMA