Penang Economic Indicators

By Ng Peng Zui

January 2018 STATISTICS
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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,...

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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.