Penang’s Manufacturing Sector in Numbers
By Ong Wooi Leng
March 2020 STATISTICS
The manufacturing sector remains a key economic driver in Penang, contributing about 43% to Penang’s economy, and consistently making up about 13% of the sector’s GDP of Malaysia.Ranked second, Penang received the largest-ever approved manufacturing investment in 2019 (Table 1). As of Q3 2019, a total of RM13.3bil investment was approved, which will create about 15,000 employments in the state.Additionally, about 91% of the entire approved investment was contributed by foreign investors as of Q3 2019, while domestic investors made...
Ong Wooi Leng
heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.
