Agriculture Sector In Malaysia From The Year 2017 To 2018

Kementerian pertanian dan industri makanan abbreviated mafi is a ministry of the government of malaysia that is responsible for agriculture agro based industry agritourism livestock veterinary services fisheries quarantine inspection agricultural research agricultural development agricultural marketing pineapple industry.

Agriculture sector in malaysia from the year 2017 to 2018. For the year 2018 the current account surplus reached rm33 5bil contributed by a. The ministry of agriculture and food industries malay. Supported by stronger than expected export growth malaysia s total trade in 2018 remained resilient expanding by 5 9 to rm1 876 trillion compared with rm1 771 trillion in 2017. Employment in agriculture of total employment modeled ilo estimate from the world bank.

However despite strong performances in most sectors imbalances in the property market could pose a risk to economic growth heading into 2018. Meanwhile the agriculture sector took a sharp plunge in 2018 dropping by 0 4 from a growth of 7 2 in 2017. Rice production output of the agriculture sector in japan 2009 2018 consumer price index cpi of rice in canada 2012 2019 production volume of palay in the philippines 2011 2019. Data source is cia factbook.

Oil palm was the major contributor to the gdp of agriculture sector in 2018 at 37 9 per cent followed by other agriculture 25 1 livestock 14 9 fishing 12 5 forestry logging 6 9 and rubber 2 8. Countries by gdp sector composition as of 2017. Agriculture is now a minor sector of the malaysian economy accounting for 7 1 of malaysia s gdp in 2014 and employing 11 1 of malaysia s labour force contrasting with the 1960s when agriculture accounted for 37 of malaysia s gdp and employed 66 2 of the labour force. Despite the uncertainties in the global environment exports rose by 6 7 to reach a value of rm998 01.

Malaysia s economy gained momentum throughout the year according to the latest quarterly bulletin issued by the central bank bank negara malaysia bnm. Gdp expanded by 6 2 year on year y o y. Largest trade surplus since 2012 as exports reached almost rm1 trillion in 2018. Data learn how the world bank group is helping countries with covid 19 coronavirus.

Agriculture industry and services sector is the largest sector of 9 15 and 201 countries respectively. In 2019 a total of 42 agricultural commodities was covered and 24 of them recorded self sufficiency ratio ssr more than 100 per cent.