Penang Economic Indicators
By Ng Peng Zui
January 2018 STATISTICS
consultations.The economic performance of Malaysia and Penang has been strong for past six years, with an average annual growth of 5%. Penang’s gross domestic product (GDP) and GDP per capita were higher than the national figures, which is a good sign.For 2018, Penang’s economic development is projected to be positive as well. Penang consistently contributes 6% of Malaysia’s GDP, and the figure is increasing.The services sector has outperformed the manufacturing sector since 2010.TradePenang’s trade performance is increasing year by year,...
Ng Peng Zui
interned with the Economic Studies Programme at Penang Institute. His interest in observing economic and political phenomena stemmed from backpacking in India.
