The economic performance of Malaysia and Penang has been strong for past six years, with an average annual growth of 5%. Penang’s gross domestic product (GDP) and GDP per capita were higher than the national figures, which is a good sign.
For 2018, Penang’s economic development is projected to be positive as well. Penang consistently contributes 6% of Malaysia’s GDP, and the figure is increasing.
The services sector has outperformed the manufacturing sector since 2010.
