By Zurairi AR (TMI)
June 04, 2013
Malaysia had productivity growth of 2 per cent last year from RM57,737 in 2011 to RM58,875, according to the Productivity Report 2012/2013 released today.
According to the report by the Malaysia Productivity Corporation (MPC), Malaysia recorded a higher productivity growth rate than most advanced countries, including South Korea (0.8 per cent), Japan (0.5 per cent), the US (0.5 per cent), Finland (0.2 per cent), and even Singapore (0.03 per cent).
However, Malaysia still lagged behind other emerging economies such as China (7.4 per cent), Thailand (4.9 per cent), Indonesia (4.2 per cent), and India (3.7 per cent).