PETALING JAYA: Malaysia’s gross fixed capital formation (GFCF) recorded a value of RM314.5 billion at constant prices in 2023 compared to RM298.2 bill...
Malaysia’s gross fixed capital formation recorded a value of RM314.5 billion at constant prices in 2023 compared to RM298.2 billion in 2022, according to the Department of Statistics, Malaysia today.
He added that all major activities showed an improvement in 2023, especially investment in fixed assets in services and manufacturing activities. The GFCF for mining & quarrying activity grew at 2.9% in 2023 compared to 1.8% in 2022. Agriculture activity grew at a slower pace of 0.4% in 2023. The marginal growth was influenced by the decrease of rubber and oil palm sub-activity at 5.4% .Structure was the largest contributor to GFCF by type of assets, accounting for 50.1% , followed by ICT equipment and other machinery & equipment, with a contribution of 28.6% , while intellectual property products contributed 12.8% .
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