The telecommunication sector's contribution to Malaysia's GDP has shown a steady upward trend from 3.5 units in 2015 to 4.7 units in 2023. This represents a year-on-year increase of approximately 4.4%. Projected values suggest continuous growth, reaching 5.5 units by 2028, with a forecasted 5-year CAGR of 2.34%. The sector is expected to grow by 12.24% over the next five years.
Future trends to watch for include advancements in 5G technology and digital infrastructure, which are likely to drive further contributions to GDP. Increased investment in smart technologies and digital transformation initiatives will be critical in sustaining growth in this sector.
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