The agriculture industry's contribution to Malaysia's GDP in 2023 was 8.0%. Based on forecasted data, the contribution will remain relatively stable through 2024 (7.9%), 2025 (7.9%), and then slightly decrease to 7.8% from 2026 to 2028.
Year-on-year variations indicate a minimal decline in the contribution to GDP, suggesting a marginal shift from 8.0% in 2023 to 7.8% in 2028. Over the last two years, this represents a decrease of 2.5%. The Compound Annual Growth Rate (CAGR) over the next five years (2024-2028) shows an average annual decline of approximately 0.5%.
Future trends to watch for include the impact of technological advancements in agriculture, shifts towards sustainable and eco-friendly farming practices, and potential fluctuations in global commodity prices. Additionally, government policies and investment in the agricultural sector could significantly influence future contributions to Malaysia's GDP.
