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BUSINESS • 03/07/2026 03:02 PM

Penang Economy Grows 7.3 Per Cent, Records RM130.3 Bln GDP In 2025

GEORGE TOWN, July 3 (Bernama) --  Penang's economy grew by 7.3 per cent in 2025, with its gross domestic product (GDP) rising to RM130.3 billion from RM121.4 billion in the previous year, driven by the strong performance of the manufacturing and services sectors.

The Department of Statistics Malaysia (DOSM) said in a statement that the manufacturing and services sectors continued to dominate the state's economy, contributing a combined 94 per cent to GDP, followed by the construction sector, which accounted for 3.3 per cent.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the manufacturing sector contributed 47.3 per cent to Penang's GDP in 2025, with value-added amounting to RM61.7 billion, an increase of 10 per cent compared with 4.0 per cent growth in the previous year.

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"Electrical, electronic, and optical products were the main drivers of the manufacturing sector's 12.7 per cent growth, supported by increases in the electronic components and boards, communications equipment, and consumer electronics segments.

"In addition, non-metallic mineral products, basic metals and fabricated metal products also supported the sector's expansion, growing by 8.7 per cent in 2025," he said in the statement.

Mohd Uzir said the services sector recorded a value-added of RM60.8 billion, up from RM58.4 billion in 2024, registering growth of 4.1 per cent. The sector's performance was driven by a 5.6 per cent increase in the wholesale and retail trade, food and beverage, and accommodation subsectors, as well as 2.7 per cent growth in the utilities, transportation and storage, and information and communications technology (ICT) subsectors.

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The construction sector recorded a value-added of RM4.3 billion, compared with RM3.8 billion in the previous year, contributing 3.3 per cent to the state's GDP and expanding by 13.4 per cent. This was driven by double-digit growth in the civil engineering and specialised construction activities subsectors.

The agriculture sector grew by 1.8 per cent in 2025, compared with a contraction of 0.5 per cent in 2024. This was supported by a 3.4 per cent increase in the fisheries subsector, while the mining and quarrying sector expanded by 1.1 per cent in 2025.

"In terms of GDP per capita, Penang recorded an increase of RM4,477, rising from RM76,107 to RM80,584, exceeding the national average of RM59,167," the chief statistician said.

-- BERNAMA

 

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