{"id":39440,"date":"2022-07-06T15:52:11","date_gmt":"2022-07-06T07:52:11","guid":{"rendered":"https:\/\/investpenang.gov.my\/penang-the-fastest-state-to-surpass-national-growth\/"},"modified":"2025-11-28T14:10:26","modified_gmt":"2025-11-28T06:10:26","slug":"penang-the-fastest-state-to-surpass-national-growth","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/penang-the-fastest-state-to-surpass-national-growth\/","title":{"rendered":"Penang the Fastest State to Surpass National Growth"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

Penang the Fastest State to Surpass National Growth<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

30 June 2022<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30091″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]PENANG, June 30th, 2022\u00a0\u2013<\/strong> Penang has surpassed the fastest national growth last year by 6.8%, followed by Selangor (5%), Perak (3.5%) and Kedah (3.2%).<\/p>\n

According to the Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin\u00a0(picture)<\/em>, Penang\u2019s services (47.4%) and manufacturing sector (47.3%) are the powerhouse of its GDP.<\/p>\n

In total, these sectors have contributed 94.7% to its total GDP.\u00a0<\/span><\/p>\n

Penang\u2019s service sector performance was supported by a 5.4% increase in the utilities, transport and storage, and information and communications subsectors.\u00a0\u00a0<\/span><\/p>\n

However, DoSM observed that a decline in Penang\u2019s wholesale and retail trade, food and beverage (F&B), and accommodation subsectors has led to a smaller upward momentum for the sector.<\/p>\n

Mohd Uzir believed that Penang\u2019s electrical, electronic and optical products subsector, which is the main leader in this sector, recorded an encouraging performance of 16.5% (2020: 6.4%).\u00a0<\/span><\/p>\n

Increase in the petroleum, chemical and rubber, and plastic products groups, as well as non-metallic mineral products, base metals and fabricated metal products also supported the growth of the manufacturing sector.<\/p>\n

\u201cApart from that, the construction sector contributed 2.5% while 2% was contributed by the agriculture sector, complementing the economic structure of the state of Penang.\u00a0\u00a0<\/span><\/p>\n

\u201cThe mining and quarrying sector is the smallest sector in Penang, contributing 0.1% to the state\u2019s GDP,\u201d he said in a statement today.<\/p>\n

Apart from Penang, Mohd Uzir also noted that Perak\u2019s manufacturing sector provided a lift to Perak\u2019s GDP, particularly for electrical, electronic and optical products as well as rubber glove products, which remained in demand.\u00a0<\/span><\/p>\n

Its service sector also increased by 2.4% on the back of utilities, transportation and storage, information and communication subsector (4.3%).\u00a0<\/span><\/p>\n

Terengganu\u2019s GDP was supported by its manufacturing sector, which blossomed by 9.5% following a significant increase in the production of chemical products.<\/p>\n

\u201cJohor upholds its position as the top five of Malaysia\u2019s largest economy, recorded a value added of RM131.1 billion and a growth of 2.4%.<\/p>\n

\u201cThe utilities, transportation and storage, information and communication subsector were the primary driving force, with a growth of 6.7%,\u201d Mohd Uzir commented.<\/p>\n

Johor\u2019s manufacturing sector also rebounded with a 5.5% growth, underpinned by electrical, electronic and optical products and chemical products and chemicals.<\/p>\n

On the other hand, Sarawak\u2019s manufacturing sector grew 11.2% from petroleum, chemical, rubber and plastic products which also assisted Negri Sembilan\u2019s manufacturing sector (7.2%).<\/p>\n

Melaka\u2019s motor vehicle and transport equipment segment diminished by 1.2%, due to a worldwide shortage of semiconductor chips despite a 6.7% increase in petroleum, chemical, rubber and plastic products\u00a0<\/span><\/p>\n

Meanwhile, Kelantan\u2019s and Perlis\u2019 economic growth are fuelled by the services sector whereby government services accounts for almost 40% of the sector in these two states while the same sector grew 4.8% in Perlis.<\/p>\n

Perlis showed moderate growth of 1.5%, pulled by a 6% decline in the agriculture sector due to a fall in marine fishing activities while Sabah\u2019s economy rose 1% despite declines in manufacturing and agriculture sectors.<\/p>\n

The state\u2019s manufacturing sector contracted by 1.8% due to a drop in the manufacture of vegetable and animal oils and fats, while the agriculture sector shrank by 2.4%, influenced by declines in oil palm production and aquaculture activities.\u00a0<\/span><\/p>\n

However, Sabah was supported by its services, mining and quarrying sectors.<\/p>\n

Source : The Malaysian Reserve<\/a>
\nTo read more: DOSM Media Statement<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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06<\/h2>\n
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July \u201822<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":5119,"featured_media":30091,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[219],"news_month":[224],"local_insights_alphabet":[],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39440"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/5119"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=39440"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39440\/revisions"}],"predecessor-version":[{"id":39444,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39440\/revisions\/39444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/30091"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=39440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=39440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=39440"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=39440"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=39440"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=39440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}