This report presents statistics on the value of flood losses in Malaysia for year 2023. The data obtained from special survey that was conducted from period of January to December 2023.
The flood losses include the value of the damage for living quarters, vehicles, businesses, and industrial premises. For damage of agricultural industry and public assets & infrastructure, data from relevant government agencies were used.
2. Overall Assessment on Impact of Floods in Malaysia
In 2023, overall losses due to floods were RM755.4 million (2022: RM1,026.5 million) which equivalent 0.04 per cent (2022: 0.06 per cent) as against nominal Gross Domestic Product. Living quarters losses amounted to RM168.3 million (2022: RM157.4 million), vehicles RM22.3 million (2022: RM18.8 million), business premises RM53.2 million (2022: RM50.3 million), manufacturing RM10.3 million (2022: RM8.7 million), agriculture RM120.6 million (2022: RM154.5 million ), and public assets & infrastructure RM380.7 million (2022: RM636.8 million) as shown in Exhibit 1.
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