The land transport industry's contribution to Malaysia's GDP has shown fluctuations from 2013 to 2023, experiencing slight increases from 0.8 in 2013 to 1 in 2023. Notably, variations occurred in 2020 and 2021 with declines to 0.8 and 0.7 respectively, followed by recovery to 0.9 in 2022. A year-on-year analysis indicates a positive growth of 11.11% from 2021 to 2022 and 11.11% from 2022 to 2023. The last five years have maintained an average annual growth rate (CAGR) of 1.92%, with a forecasted overall increase of 10% by 2028.
Future trends to watch for include technological advancements in transport infrastructure, governmental policies impacting the sector, and potential economic shifts that may influence GDP contributions. Significant focus on sustainability and green transport solutions may also drive changes in industry dynamics.
