Business gross operating surplus down 7%

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Malaysia’s gross operating surplus (GOS) slumped 6.9% in 2020 compared with 3.7% in 2019 – the lowest since 2009 (-12.6%).

Chief statistician Datuk Seri Mohd Uzir Mahidin said the GOS, which consists of corporate profits earned by firms, constituted 60.1% of the total economy in 2020 compared with 60.4% in the previous year.“This was followed by the manufacturing sector at 21.6%, agriculture at 10.5%, and mining and quarrying at 10% while the construction sector contributed 1.

The compensation of employees , which consisted of wages paid to employees, declined 3% in 2020, falling for the first time since the series began in 2005.

 

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