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 the year, the state posted the second-highest amount of investments in Malaysia, after Johor. The state raked in a total of RM18.9 billion of approved investments in manufacturing. About 57% of the investments were foreign while the rest were domestic. In the first nine months of 2019, Selangor saw a total of 232 approved manufacturing projects worth RM16.4 billion.