Manufacturing in Penang: onwards and upwards

By Tim Niklas Schoepp

January 2015 PENANG ECONOMIC OUTLOOK
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The manufacturing sector has always been crucial to Penang’s development. With 2014 being generally a successful year for the industry, the outlook of this sector this year is interesting as well as important for the state's future.In 2013, Penang's share of the manufacturing sector to the overall GDP of the state was almost equal to that of the service sector, at 47.8%. Penang shows that its manufacturers have a higher overall share towards its income than the Malaysian average.Since 2005,...

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Tim Niklas Schoepp

is a visiting analyst in Economics at Penang Institute.