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Pahang economy up 5.2% in 2023

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The state records a gross domestic product value of RM64.9 billion for the year.

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Free Malaysia Today
The manufacturing sector contributed a significant percentage to Pahang’s GDP, namely 21.6% at RM14 billion in 2023. (Bernama pic)

KUANTAN:
Pahang’s economy saw growth of 5.2% in 2023, with a gross domestic product (GDP) value of RM64.9 billion, the state legislative assembly was told today.

This surpassed the 3.6% GDP growth at the national level, said Pahang investment, industry, science, technology and innovation committee chairman Mohamad Nizar Najib.

He said the manufacturing sector contributed a significant percentage to the state GDP, namely 21.6% at RM14 billion in 2023, an increase from RM13.7 billion in 2022.

“Exports of manufactured products such as chemicals and metals helped grow the state’s trade revenue. The export value in 2023 stood at RM32.7 billion based on the Pahang state socio-economic report 2023 released in 2024,” he said.

He was responding to a question from Abd Aziz Mat Kiram (BN-Batu Talam) about the main industrial sectors in the state and how they contributed to the Pahang economy.

Nizar said the manufacturing industry created thousands of job opportunities at various levels, supporting the economy of families and local communities.

“This is evidenced by the unemployment rate decreasing to 2.0% in 2023 from 2.5% in 2022,” he said.

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