Malaysia’s gross capital stock, which refers to the accumulated investment in the country’s fixed assets, increased by 2.8 percent to 5.4 trillion ringgit (1.14 trillion U.S. dollars) in 2022, official data showed Thursday.
The Department of Statistics Malaysia (DOSM) said in a statement that the net capital stock (NKS), which symbolized Malaysia’s economic wealth, also grew 2.4 percent year-on-year to 3.4 trillion ringgit in 2022.
The net capital stock growth was in line with the recovery of gross fixed capital formation (GFCF), which rebounded to 6.8 percent in 2022, after a marginal decrease of 0.8 percent in the previous year.—Xinhua
