Foreign affiliates contribute RM274.3bil value added to economy

KUALA LUMPUR: Nearly 3,000 foreign affiliates are operating in Malaysia, contributing a value added of RM274.3 billion in 2021, or 17.7 per cent of Malaysia’s economy, said the Department of Statistics Malaysia (DoSM).

In its statistics report on foreign affiliates in Malaysia (inward FATS) and statistics on Malaysian affiliates abroad (outward FATS) 2021, DoSM said that, in contrast, almost 2,300 Malaysian affiliates are operating abroad, generating a turnover of RM334.1 billion in 2021.