KUALA LUMPUR, March 11 (Xinhua) -- 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.

Its chief statistician Mohd Uzir Mahidin said in a statement that the revision represents a significant advancement in ensuring that national accounts remain relevant in a rapidly evolving economic landscape.

He also noted that by incorporating emerging sectors such as the digital economy and sustainability metrics, the 2025 SNA will allow for a more precise measurement of economic activities that are increasingly significant to Malaysia's growth, including e-commerce, digital services and green initiatives.

"DOSM acknowledges the forthcoming adoption of the 2025 SNA, which is a milestone in global economic statistics. The revision, led by the United Nations and international statistical agencies, represents a significant advancement in how economies are measured," he said.

He 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. Enditem

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