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Johor, Malaysia’s second-largest state and among the most developed, is known as the Southern Gateway of Malaysia due to its proximity to Singapore. Its economy was one of the fastest growing in Malaysia with a median real GDP growth of 5.8% y-o-y between 2015 – 2019. Its intrinsic strength is underpinned by its large, resilient …
Sabah, the second-largest state by land area and the third most populous, accounts for 6.2% of national GDP. Blessed with an abundance of resources, the economy has been mainly driven by the agriculture, oil and gas (O&G) and tourism sectors. Nevertheless, Sabah has in recent years pledged to focus on economic diversification strategies to ensure …
Selangor is the biggest contributor to national gross domestic product (GDP). In comparison with other states in Malaysia, Selangor’s real GDP grew at the fastest pace – at 6.8% – in 2018. The state’s superior economic growth was underpinned by a sustained expansion in key sectors, namely services (7.6%), construction (6.6%) and manufacturing (6.3%). During …
Known as the “Silicon Valley of the East” for its strong electronics and electrical (E&E) manufacturing base, Penang is the main economic driver for Northern Malaysia. It recorded the highest gross domestic product (GDP) per capita among the 13 states in Malaysia since 2014. One of the nation’s major trading hubs, Penang is among Malaysia’s …