01-07-2025
2024 GDP Growth By State, Johor Tops The List For The First Time
Malaysia's economic landscape in 2024 demonstrated an encouraging upward trend, with the Gross Domestic Product (GDP) expanding by a robust 5.1 percent to reach RM1.65 trillion. According to the Department of Statistics, this marks a significant acceleration from the 3.5 percent growth recorded in 2023, primarily propelled by strong performances in the Services and Manufacturing sectors. DOSM said these two sectors contributed a cumulative 82.5 percent to the national GDP value.
State Economic Performance Highlights:
For the first time, Johor led all states with the highest economic growth rate of 6.4 percent, reaching a GDP value of RM158.0 billion. Its robust performance was fueled by strong growth across Services (6.0%), Manufacturing (4.2%), and an exceptional surge in Construction (42.7%). The Agriculture sector also recovered significantly (4.2%).
Selangor remained the primary contributor to the national economy, growing by 6.3 percent to RM432.1 billion, driven by its Services (6.3%) and Manufacturing (5.1%) sectors. W.P. Kuala Lumpur, the second-highest contributor nationally, grew by 6.2 percent to RM265.8 billion, with strong performances in Services (5.5%), Construction (21.1%), and Manufacturing (4.3%).
Other states also showed notable growth: Pahang recorded a 5.7 percent growth, surpassing the national average.
recorded a 5.7 percent growth, surpassing the national average. W.P. Labuan saw its GDP strengthen by 5.4 percent.
saw its GDP strengthen by 5.4 percent. Melaka and Perak both increased by 4.4 percent.
and both increased by 4.4 percent. Negeri Sembilan grew by 4.6 percent, and Terengganu by 4.5 percent.
grew by 4.6 percent, and by 4.5 percent. Penang posted an increase of 4.8 percent, driven by the recovery in its Manufacturing sector, especially Electrical, electronic & optical products.
posted an increase of 4.8 percent, driven by the recovery in its Manufacturing sector, especially Electrical, electronic & optical products. Sarawak's economy grew by 3.9 percent, recovering across most sectors.
In terms of prosperity, five states recorded a GDP per capita value exceeding the national average of RM56,734: W.P. Kuala Lumpur (RM136,365), W.P. Labuan (RM87,003), Pulau Pinang (RM76,033), Sarawak (RM73,426), and Selangor (RM65,907). Related
