Malaysia’s financial services drive growth, up 10.6pc from 2015 to 2022, with financial establishments doubling during this period, says Stats Dept

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Malaysia’s financial services drive growth, up 10.6pc from 2015 to 2022, with financial establishments doubling during this period, says Stats Dept
MalaysiaMalaysia EconomyDepartment Of Statistics Malaysia DOSM
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KUALA LUMPUR, Aug 1 — Malaysia’s financial services achieved a 10.6 per cent combined annual growth from 2015 to 2022, said the Department of Statistics Malaysia (DoSM). The...

Malaysia ’s financial services drive growth, up 10.6pc from 2015 to 2022, with financial establishments doubling during this period, says Stats Dept

It said that in 2022, other financial service activities and activities auxiliary to financial services recorded the highest number of establishments with 26,633, contributing 82.6 per cent. “Monetary intermediation activities were the main contributor to the gross output value, accounting for RM87.9 billion .

“Monetary intermediation activities contributed the highest value-added compared to other activities, which amounted to RM64.8 billion .

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