Malaysia: Services value added

* indicates monthly or quarterly data series
 Malaysia

Services value added, billion USD

 Latest value 213.62
 Year 2023
 Measure billion U.S. dollars
 Data availability 1987 - 2023
 Average 94.03
 Min - Max 13.73 - 213.62
 Source The World Bank
For that indicator, we provide data for Malaysia from 1987 to 2023. The average value for Malaysia during that period was 94.03 billion U.S. dollars with a minimum of 13.73 billion U.S. dollars in 1987 and a maximum of 213.62 billion U.S. dollars in 2023. The latest value from 2023 is 213.62 billion U.S. dollars. For comparison, the world average in 2023 based on 152 countries is 258.63 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Malaysia - Services value added - Recent values chart

Historical chart
Malaysia - Services value added - historical chart - 1987-2023




Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 U.S. dollars.

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 Related indicators Latest value Reference Measure
 Share of industry 39.10 2022 percent
 Share of manufacturing 23.39 2022 percent
 Share of services 50.93 2022 percent
 Industry value added 150.60 2023 billion U.S. dollars
 Manufacturing value added 92.12 2023 billion U.S. dollars
 Services value added 213.62 2023 billion U.S. dollars
 Savings, percent of GDP 26.59 2022 percent
 Savings, in dollars 108.22 2022 billion U.S. dollars
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