The figure represents each state's contribution to Malaysia's GDP, measured in 2005 prices from smallest to biggest. Close to 40% of Malaysia's GDP comes from Greater Kuala Lumpur (GKL), the region inclusive of Selangor and KL. It is no surprise then that one of the 12 key economic areas of focus in Malaysia's transformation program (see here) is GKL. Seven states contribute less than 5% each (the ones in red). The ones in orange contribute between 5 and 10%. A later post will show how these states compare on a per capita basis.
Data are from The Department of Statistics, Malaysia (DOSM)
Malaysia at a Crossroads: Diagnosing Constraints to High-Income Status In 2008, Malaysia was recognized by the Growth Commission – a distinguished panel comprising 2 Nobel Prize Winning Economists and other leading development practitioners – as one of thirteen countries that sustained high growth in the post-war period. The 30-year stretch that caught the attention of the Growth Commission was between 1967 and 1997 when Malaysia grew at an average of 7.3% per year. This long stretch of growth was interrupted by periods of external shocks including the Volcker shock of 1986, the Asian Financial crisis in 1997/8, later the so-called Dot Com Bubble of 2001, and more recently the Global Financial Crisis of 2008. Despite these shocks, Malaysia remained resilient - formally earning the title "Upper Middle Income Country" in 1992. (See summary figure that breaks down the country's per capita growth story). As...
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