The share of tourism employment in retail trade in Malaysia is forecasted to experience a steady but slight increase from 34% in 2024 to 34.4% in 2028. Year-on-year variations over the next five years show an annual growth of approximately 0.1%. The compound annual growth rate (CAGR) over the forecasted period is around 0.1% per year. This indicates a gradual upward trend in the importance of tourism to the retail trade sector.
Future trends to watch for include potential boosts from tourism initiatives and changes in global travel patterns post-pandemic, which could further influence the retail trade sector’s employment share in Malaysia. Additionally, economic policies and market conditions will play a crucial role in shaping these trends.
