Malaysia's 3Q labor productivity rose 4.2 percent on year

Source: Xinhua| 2017-11-27 14:19:35|Editor: liuxin
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KUALA LUMPUR, Nov. 27 (Xinhua) -- Malaysia's labour productivity rose 4.2 percent year-on-year to 82,456 ringgit (20,028 U.S. dollars) in the third quarter, said Malaysia's statistics department Monday.

The department's chief statistician Mohd Uzir Mahidin said according to the report on "Labor Productivity Third Quarter 2017," the growth was in tandem with the expansion of the country's gross domestic product (GDP) at 6.2 percent.

In comparison, Malaysia's labor productivity grew 4 percent to 79,693 ringgit (19,366 U.S. dollars) in the second quarter.

Among the sectors, agriculture posted the highest productivity growth of 5.2 percent in the third quarter, followed by manufacturing and construction, which increased by 5.1 percent and 4.8 percent respectively.

Meanwhile, the employment grew 2 percent in the third quarter, against 1.8 percent in the second quarter.

According to Uzir, Malaysia's labor productivity expanded from 69,031 ringgit (16,775 U.S. dollars) in 2010 to 78,244 ringgit (19,014 U.S. dollars) in 2016, with an average growth of 2.1 percent.

"Labor productivity grew at a faster rate averaging 3.5 percent during the period of 2014 to 2016, in line with the expansion of Malaysia's economy," he said.