Sarawak remains 4th highest contributor to Malaysia’s GDP in 2023, registers 1.2 pct growth

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By DayakDaily Team

KUCHING, July 3: Sarawak remains the fourth highest contributor to Malaysia’s Gross Domestic Product (GDP), following behind Selangor, W.P. Kuala Lumpur, and Johor.

According to the Department of Statistics Malaysia (DOSM), Sarawak registered a 1.2 per cent growth in its GDP in 2023.

By sectors, Sarawak’s services sector grew strongly by 5.4 per cent, surpassing the national services sector’s growth rate.

However, it added, Sarawak’s manufacturing sector, the second highest contributor to its economy, declined by 3.9 per cent.

“The decline was primarily due to a 4.6 per cent decrease in petroleum, chemical, rubber, and plastic products, particularly in refined petroleum products.

“This aligns with the reduction in crude oil & condensate and natural gas production of 2.3 per cent and 1.1 per cent respectively, resulting in a 1.0 per cent contraction in Sarawak’s mining and quarrying sector, thus contributing to the slower GDP growth of Sarawak in 2023,” it said in the Gross Domestic Product (GDP) By State, 2023 media statement on Tuesday (July 2).

Meanwhile, DOSM stated that Sarawak is among five states with GDP per capita values above the national level, including W.P. Kuala Lumpur, W.P. Labuan, Pulau Pinang, and Selangor.

While the national GDP per capita in 2023 was RM54,612, Sarawak recorded a higher value of RM72,411.

On a national level, DOSM said Malaysia’s economy expanded by 3.6 per cent in 2023, reaching a GDP of RM1.6 trillion.

At the state level, four states namely Selangor (5.4 per cent), Pahang (5.2 per cent), Johor (4.1 per cent), and W.P. Kuala Lumpur (3.7 per cent) surpassed the national growth rate.

Nevertheless, Selangor, W.P. Kuala Lumpur, Johor, Sarawak, and Pulau Pinang remained the primary contributors, collectively contributing 67.7 per cent to Malaysia’s economy. — DayakDaily

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