KUALA LUMPUR – Datuk Seri Najib Tun Razak today launched the Services Sector Blueprint and Logistics and Trade Facilitation Masterplan, which outlined the strategic steps to optimise the sector’s contribution to the nation’s economy.
The Prime Minister said the services sector was the main driver of the economy and key generator of job opportunities in the country and contributed 55 per cent to the gross domestic product (GDP) in 2014 and provided eight million jobs.
“In 2020, the sector’s contribution to the GDP is expected to increase to 58 per cent, with growth of 6.7 per cent annually for the 2016 to 2020 period,” he said in his speech at the launch of the blueprint in Parliament today.
He said the export of services had also increased by six per cent per year and accounted for 15 per cent of the country’s total exports.
He said the services sector productivity still had room to grow when compared to countries with the same level of economy as Malaysia. – BERNAMA