Malaysia to Update Economic Growth Projections with Focus on Digital Economy

Phnom Penh: Malaysia will refine its economic growth projections with the adoption of the 2025 System of National Accounts (2025 SNA) to enhance the accuracy and comprehensiveness of its statistical framework, the Department of Statistics Malaysia (DOSM) said on Tuesday.

According to Namibia Press Agency, DOSM's chief statistician Mohd Uzir Mahidin stated that the revision represents a significant advancement in ensuring that national accounts remain relevant in a rapidly evolving economic landscape. The new system will incorporate emerging sectors such as the digital economy and sustainability metrics, providing a more precise measurement of economic activities increasingly significant to Malaysia's growth, including e-commerce, digital services, and green initiatives.

Mohd Uzir highlighted that DOSM acknowledges the forthcoming adoption of the 2025 SNA, which marks a milestone in global economic statistics. This revision, led by the United Nations and international statistical agencies, represents an important step forward in how economies are measured.

He further added that Malaysia, with its export-driven economy contributing nearly 80 percent to the gross domestic product, stands to benefit significantly from the 2025 SNA's enhanced focus on globalization and cross-border trade.