(MENAFN) Service sector in Malaysia contributed 6% to its Gross Domestic Product (GDP) which was 6.4% at the end of the second quarter, Bank Negara Malaysia data showed, QNA reported.
Deputy Finance Minister expects the sector would contribute more to the country's economy. The government supports entrepreneurs keen to start business, particularly in the services sector, by providing various loan schemes, he said.
Malaysia's GDP ranked higher than most countries in the Asian region, including Singapore at 2.1%, South Korea 3.6%, USA 2.4%, the United Kingdom, 3.1% and Russia 1.2%. China was the only country that registered 7.5%.
The construction sector was the main contributor to Malaysia's GDP with 9.9%, followed by manufacturing (7.3%), agriculture (7.1%), private consumption (6.5%) and petroleum and mining (2.1%).
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