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MEF Academy Events
 03Managing Team Dynamics3-4 August 2021
 04Managing Workplace Misconduct – Effective Disciplinary Process & Domestic Inquiry Procedures4-5 August 2021
 10Domestic Inquiry10-11 August 2021
 18Implementing Cost-cutting Measures18-19 August 2021

Key Statistics
Type of Statistics to view:      

2017 2018 2019 2020e 2021f
Key Indicators*   
Population (million)32.032.432.432.733.1
Real GDP (% Growth) - 7.5
Per Capita Income (RM)41,09342,62745,21243,35046,101
GDP Per Capita (USD)9,96511,07711,19310,19311,378
CPI (2010 = 100)119.5120.7121.5N/AN/A
CPI (% Growth)
Labour Indicators*   
Labour Force ('000)14,952.615,280.315.581.615,737.415,910.5
Labour Force Particpation Rate (%)68.068.368.768.4N/A
Employment ('000)14,476.814,776.015,073.415,021.1N/A
Unemployment Rate (%)
Labour Productivity3.82.32.1-8.4N/A
Foreign Workers ('000)1,797.42,015.81,999.61,678.9N/A
No. of Collective Agreements signed26929429881N/A
Collective Agreements signed
(workers covered, thousands)
Average Salary Increase**
Executive (%)5.554.88%5.15%4.82%4.59%
Non Executive (%)5.444.88%4.96%4.79%4.57%
Average Bonus Granted**
Executive (months)
Non Executive (months)1.811.951.671.651.57
Source: * Data compiled from Economic Outlook 2021, Ministry of Finance Malaysia
             ** MEF Salary Surveys for Executives & Non Executives

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