The defence industry's contribution to Malaysia's GDP has shown a declining trend from 2013 to 2023, dropping from 0.8 units in 2013 to 0.5 units in 2023. Year-on-year variations indicate a stabilization from 2022 to 2023, with the value holding steady at 0.5 units. However, the Compound Annual Growth Rate (CAGR) for the recent five years forecasts a significant decline of 4.36%, leading to an overall negative growth rate of 20% by 2028.
Future trends to watch for include potential impacts of regional security developments, shifts in geopolitical alliances, and technological advancements within the defence sector. These factors could influence budget allocations, thereby impacting the contribution of the defence industry to Malaysia's GDP.
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