Msmes’ Contribution To Gdp Grew 5 Pct In 2023, With Value Added Of Rm613.1 Bln — Dosm
The contribution to the gross domestic product (GDP) by micro, small and medium enterprises (MSMEs) grew by 5.0 per cent in 2023, with a value added of RM613.1 billion and contributing 39.1 per cent to Malaysia’s economy, according to the Department of Statistics Malaysia (DoSM). The MSMEs’ growth has surpassed Malaysia’s GDP growth of 3.6 per cent in 2023. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the services and manufacturing sectors are the main contributors, which comprise 84.8 per cent of the MSMEs’ GDP. ‘The agriculture sector contributed 9.1 per cent to MSMEs’ GDP, followed by the construction