| |
INTRODUCTION
Malaysia’s economy registered a growth of 4.7 per cent despite the weaker external factors and global economic uncertainty in 2013 (2012: 5.6 per cent). Services and Manufacturing sectors remained as the key engine to the growth. The performance of Selangor, WP Kuala Lumpur, Johor, Sarawak and Pulau Pinang contributed 75.0 per cent to the national momentum.
whilst Utilities sub-sector spearheaded the growth of Perak (5.3 per cent). Services sector also supported the economy of Johor (4.9 per cent), Terengganu (4.6 per cent), Kedah (4.6 per cent), Kelantan (3.6 per cent), Negeri Sembilan (3.5 per cent) and Perlis (3.1 per cent).
Pulau Pinang grew 4.6 per cent driven by Manufacturing sector primarily in Electrical & Electronics products. On the other hand, Melaka recorded a growth of 1.8 per cent in this sector resulted from a con traction in Refined Petroleum sub-sector. This, along with a sharp decline in Construction sector dragged down the overall growth of Melaka to 3.2 per cent (2012: 7.2 per cent).
After experiencing a modest growth of 1.5 per cent in 2012, Sarawak expanded 4.2 per cent due to a favourable momentum in Mining & Quarrying sector. Sabah grew at 3.0 per cent aided by Services and Agriculture sectors. Nevertheless, the growth was slower than 2012 (4.2 per cent) affected by a lower production in Mining activity.
PERFORMANCE BY SECTOR, 2013
Selangor and WP Kuala Lumpur dominated the Services sector in Malaysia with a share of 50.3 per cent (Chart 2). Wholesale & Retail Trade and Finance & Insurance sub-sectors were the major contributors to the states’ economy.
Furthermore, these sub-sectors were the main catalyst to the Services sector at the national level. Thus, slowdown in Finance & Insurance sub-sector influenced the overall performance of Services sector in all states with an exception of WP Labuan.
Manufacturing sector in Malaysia posted a growth of 3.5 per cent backed by Motor Vehicles & Transport Equipment mainly in Selangor, Pahang and Melaka as well as Electrical & Electronic Products in Pulau Pinang and Negeri Sembilan. Conversely, a contraction in Refined Petroleum Products as a result of a shortfall of production in Melaka and Negeri Sembilan has weighed down the Manufacturing sector.
Slowdown in Selangor was attributable to a negative growth of Chemicals & Chemical Products. Despite the moderate growth, Selangor remained substantial in Manufacturing sector with a share of 29.7 per cent followed by Pulau Pinang (13.6 per cent) and Johor (12.6 per cent) as depicted in Chart 3.
The contribution of Agriculture sector was led by Sabah, Johor, Sarawak, Pahang and Perak with a share of 69.5 per cent as shown in Chart 4. Oil Palm showed a turnaround to record a positive growth augmented by the higher production in Sarawak, Pahang and Sabah.
Food Crops mostly in Johor, Melaka and Kelan tan propelled the Agriculture sector in Malaysia. Nevertheless, Forestry & Logging (Sarawak & Kelan tan) and Rubber (Kedah, Pahang & Negeri Sembilan) remained subdued by registering a negative growth in 2013.
Construction sector continuously maneuvered by Selangor and WP Kuala Lumpur with a share of 57.2 per cent (Table 1). These states grew by 15.4 per cent and 27.9 per cent respectively spurred by Civil Engineering especially on the ongoing infrastructure projects and Residential sub-sectors.
GDP PER CAPITA, 2013
GDP Per Capita at the national level rose from RM3 1,920 to RM32,984 (Table 2). Seven states exceeded this level which WP Kuala Lumpur topped the list with RM79,752 followed by WP Labuan (RM43,848) and Sarawak (RM4 1,1 15).
Most states recorded an increase of GDP Per Capita especially in Services based economy.
|
|
.gif)
