Numbers on the Penang Economy and Labour Force
By Ng Kar Yong
January 2019 STATISTICS
Penang’s gross domestic product (GDP) and per capita GDP have been growing steadily from 2012 to 2017, with average annual growth rates of 5.9% and 6.1% respectively (Table 1). Since 2012, Penang has outperformed Malaysia in terms of economic growth, except in 2017; this was due to the strong economic performance of Selangor and KL, which boosted the overall national performance.Over these six years, Penang has consistently contributed about 6.5% to the national GDP (Table 1). In 2017 the services...
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Ng Kar Yong
is a statistician at Penang Institute who loves art and nature.
