Selangor leads 2023 economic growth, contributing 25.9% to GDP

Selangor leads 2023 economic growth, contributing 25.9% to GDP

Malaysia recorded a gross domestic product growth of 3.6 % in 2023.

Four states, including Selangor, have surpassed the national growth rate, with Selangor growing by 5.4%.
PETALING JAYA:
Selangor led in economic growth last year, contributing 25.9% to the country’s gross domestic product (GDP), said the statistics department.

In a statement, chief statistician Uzir Mahidin said this was followed by the Federal Territory of Kuala Lumpur (15.9%), Johor (9.5%), Sarawak (9.1%), Penang (7.4%) and Sabah (5.3%).

“These six states contributed 73% to the national economy in 2023 versus 72.9% in 2022.

“The Malaysian economy grew by a moderate 3.6% in 2023; all states recorded encouraging positive growth,” he said during an online presentation and question and answer session for “GDP by state, 2023”.

He said four states surpassed the national growth rate: Selangor grew by 5.4%, Pahang by 5.2%, Johor by 4.1%, and the Federal Territory of Kuala Lumpur by 3.7%.

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