Research & Analysis

Terengganu contributes around 2.5% towards national gross domestic product (GDP). In 2019, the state’s real GDP grew at a faster pace of 3.3% (2018: 2.5%) due to broad-based growth buoyed by the services and construction sectors. Household income growth has been strong; over the 2016-2019 period, it came in at 5.8% p.a. on a compounded

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