KUALA LUMPUR: The state contributing the most to Malaysia's gross domestic product (GDP) was also the fastest growing in 2023.
Selangor contributed the lion share of GDP at 25.9 per cent, or RM406.1 billion, for 2023, according to the Department of Statistics of Malaysia (DOSM).
It also surpassed national growth, with a 5.4 per cent increase in 2023.
Malaysia's GDP moderated to 3.6 per cent in 2023.
The services sector, led the economy, grew by 6.1 per cent (2022: 13.6 [per cent), supported by wholesale & retail trade, accommodation, food & beverage, as well as utilities, transport, and information comunication technology (ICT). The manufacturing sector moderated to 2.0 per cent growth (2022: 9.0 per cent), supported by vegetable and animal oils & fats, food processing, beverages and tobacco products, as well as non-metallic products, basic metals, and fabricated metal products.
Meanwhile, the construction sector strengthened to 10.2 per cent (2022: 4.2 per cent) driven by all subsectors especially civil engineering.
Conversely, the agriculture sector contracted by 7.3 per cent (2022: -0.5 per cent) affected by the decline of the fisheries, crop and forestry and logging subsectors.
