Economy and Business Statistic and Financial Information Malaysia June 2010 till June 2011
Economy and Business Statistic and Financial Information Malaysia June 2010 till June 2011
Want to know how to fight against all increase of burden of your financial? Wait for the next financial article from me.
This article might help you a bit to make you wake up, a real wake up call to start do something with your money, and earn extra money from your little money from your account.
Total people at Malaysia as per 2010: 28,250, 500 people
Here is some interesting financial statistic from June 2010 till June 2011 at Malaysia (the difference of percentage is calculated from the past 1 year, which is from June/ July 2010 till June/ July 2011, not as a fix percentage for the year)
· Gross Domestic Product: + 4.0% in 2nd Quarter 2011
This mean Malaysia’s economy has grown 4% higher, thanks to the Service sector. The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy.
**GDP represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy.
· Consumer Price Index: + 3.4% in July 2011
The Consumer Price Index (CPI) for the period January to July 2011 increased by 3.1 per cent to 102.7 compared with that of 99.6 in the same period last year.
Notable increases among these main groups with high weights were:-
1. Transport (+ 5.0 per cent);
2. Food & Non-Alcoholic Beverages (+ 4.6 per cent)
3. Housing, Water, Electricity, Gas & Other Fuels (+ 1.6 per cent).
**Consumer Price Index (CPI) means a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.
· Industrial Production Index: - 0.6% in July 2011
The Industrial Production Index (IPI) in July 2011 decreased 0.6% as compared with July 2010. Meanwhile, the IPI in June 2011 was revised positive 1.3% year-on-year. The decrease in July 2011 was due to the decrease of Mining Index (7.5%). However, the index of Manufacturing and Electricity posted an increase of 1.5% and 4.6% respectively.
**Industrial Production Index (IPI) means the indicator measures the amount of output from the manufacturing, mining, electric and gas industries.
· Producer Price Index: + 10.8% in July 2011
The calculation is based on the base price for each item is the average of the prices for that particular brand for the last 12 months.
**The PPI is designed to measure the changes in the price of commodities charged by domestic producers and those paid by importers for importing goods into Malaysia
· Exports: RM59.2 bil ( + 7.1%) in July 2011
Based on product classification, the 7.1% growth (RM3.9 billion) in exports was attributed mainly to higher exports of fixed vegetable oils and fats, crude, refined or fractionated (RM1.9 billion) and gas, natural and manufactured (RM1.0 billion). These products contributed RM2.9 billion or 75.0%of total increase, year-on-year.
**Export means to send goods out of the country.
· Imports: RM49.8 bil ( + 2.9%) in July 2011
The 2.9% growth (RM1.4 billion) in imports, was contributed mostly by larger imports of cereals and cereal preparations (RM290.6 million); non-ferrous metals
(RM273.9 million); fixed vegetable oils and fats, crude, refined or fractionated
(RM219.3 million) and coal, coke and briquettes (RM218.0 million), which accounted for 71.3%or RM1.0 billion of total increase, year-on-year.
**Import means to bring or carry in from an outside source, especially to bring in (goods or materials) from a foreign country for trade or sale.
· Balance of Trade: RM9.5 bil ( + 36.1%) in July 2011
Malaysia’s external trade continued to register a surplus of RM9.5 billion in July
2011. This was the 165th consecutive month of trade surplus since November 1997. The
trade surplus grew significantly by 36.1% as compared with RM6.9 billion recorded in
the same month of 2010. On a month-on-month basis, it posted a growth of 19.8% from
RM7.9 billion.
**Trading means any buying and selling of securities, commodities, goods, or services.
· Unemployment Rate:+ 3.2% in June 2011
The unemployment rate rose 0.2 percentage point to 3.2 percent in June 2011. This increase was contributed by the rise to 400,100 persons, out of total of 12,511, 300 labour workers.
In June 2011, labour force participation rate remained at 63.9 percent compared to the previous month.
**The labor force participation rate indicates the proportion of the available "working age" population that is willing and able to work and is either employed or actively seeking employment. This means out of our people aged 15 – 64 years old, 64% of people out of this age range are working.
· Life Expectancy at Birth 2010 : 71.7 years old (male), 76.6 years old (female)
**Life expectancy is the expected (in the statistical sense) number of years of life remaining at a given age
· Household Expenditure Trend 1993/94─2009/10
i. The average monthly household expenditure rose 12.1 per cent to RM2, 190 in 2009/10 from RM1, 953 registered in 2004/05 (Chart 1).
ii. Housing, water, electricity, gas and other fuels which was the main contributor to the overall household expenditure soared by 15.1 per cent to RM495 in 2009/10 as compared to RM430 in 2004/05.
iii. This was followed by the expenditure for Food and non-alcoholic beverages which surged by 13.0 per cent to RM444 from RM393, Restaurants and hotels increased by 12.2 per cent to RM239 from RM213 and Transport was up by 4.1 per cent to RM327 from RM314.
iv. On the whole, the average monthly household expenditure soared by 88.6 per cent to RM2, 190 in 2009/10 from RM1, 161 in 1993/94. The expenditure for the four main groups indicated substantial increases that are, Housing, water, electricity, gas and other fuels (102.0%), Transport (94.6%), Restaurants and hotels (64.8%) and Food and non-alcoholic beverages (60.9%).
v. The expenditure on education increased from RM17 in 1993/94 to RM38 in 2004/05 and subsequently decreased to RM31 in 2009/10. The decrease was attributed to the lower fees for primary and secondary education since 2008.
Want to know how to fight against all increase of burden of your financial? Wait for the next financial article from me.
Done by,
piggy091385@gmail.com
Articles as references and information from:
http://www.statistics.gov.my/portal/
http://www.investopedia.com/
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