The adoption of the 2025 System of National Accounts (SNA) is set to enhance Malaysia’s economic growth projections through a more comprehensive statistical framework. Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin highlighted its alignment with global standards, incorporating emerging sectors like digital economy, sustainability, and green initiatives.
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Malaysia Embraces 2025 SNA, Aligning with Global Economic Standards
Malaysia, with its export-driven economy, stands to benefit from the focus on globalisation and trade. Policymakers can now identify new growth drivers and devise targeted strategies. The adoption complements the IMF’s Balance of Payments Manual update, ensuring consistency in macroeconomic statistics, critical as Malaysia progresses toward becoming a high-income nation.
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