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Accumulated fixed asset investment up 2.8% to RM5.4 trillion in 2022

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Overall, all economic sectors recorded positive growth except for mining and quarrying, says chief statistician Uzir Mahidin.

Chief statistician Uzir Mahidin says the growth in net capital stock is in line with the recovery of gross fixed capital formation in 2022.

Gross capital stock refers to the total value of physical assets, such as buildings, machinery, equipment, and infrastructure, owned by individuals, businesses, or the government. These assets are used to produce goods and services in the economy. Chief statistician Uzir Mahidin said the growth is in line with the recovery of gross fixed capital formation , which rebounded to grow 6.8% in 2022, after a marginal decrease of 0.8% in the previous year.

“Overall, all economic sectors recorded positive growth except for mining and quarrying, which experienced a marginal 0.02% contraction, an improvement from the previous year, which contracted 0.3%,” he said.

 

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