Economy of Johor

Economy of Johor
CurrencyMalaysian Ringgit (RM or MYR)
Statistics
Population4.19 million (2024)[1]
GDPIncreaseRM 148.2 billion (2023[1])
GDP growth
3.4% (2022/23)
GDP per capita
IncreaseRM 41,902 (2023)[1]
0.404 (2021)[2]
0.794 (2022) high[3]
UnemploymentPositive decrease 2.4% (2022/23)[4]
Main industries
Services, manufacturing, agriculture and construction[5]
External
ExportsRM 314.06 billion (2023)[1]
Export goods
Refined petroleum, integrated circuit boards and electricity and electronics products[6]
ImportsRM 249.25 billion (2022/23)[1]
Public finances
RM 222.39 million (2020)[7]
RevenuesRM 1.804 billion (2023/24)[8]
ExpensesRM 1.799 billion (2023/24)[8]
All values, unless otherwise stated, are in US dollars.

The state of Johor is strategically located in southern Malaysia, bordering one of the regional economic powerhouses Singapore. Johor is the third-largest economy in Malaysia after Selangor and Kuala Lumpur, accounting for 9.6% of the nation's gross domestic product, valued at RM 148.2 billion in 2023.[9] The economy is primarily driven by manufacturing and service sectors, covering almost 80% of the state GDP.[10]

  1. ^ a b c d e Department of Statistics Malaysia. "Gross Domestic Product (GDP) by State, 2023". www.dosm.gov.my. Retrieved 17 August 2024.
  2. ^ Malaysia Department of Statistics. "Household Income and Expenditure: Administrative Districts | OpenDOSM". open.dosm.gov.my. Retrieved 17 August 2024.
  3. ^ "Malaysia Human Development Index (MHDI), 2022". dosm.gov.my. Retrieved 17 August 2024.
  4. ^ Government of Malaysia. "Quarterly Principal Labour Force Statistics by State | data.gov.my". data.gov.my. Retrieved 17 August 2024.
  5. ^ Hammim, Rizalman (10 September 2020). "Johor economy to contract between 3.5 and 5.5 pct in 2020 | New Straits Times". NST Online. Retrieved 17 August 2024.
  6. ^ "Johor Records Total Trade Of Rm563.31 Bln To September, Remains Country's Largest Trade Contributor". BERNAMA. 11 August 2023. Retrieved 17 August 2024.
  7. ^ "MB: Johor's debt with federal govt down to RM222.39m". www.malaymail.com. Retrieved 17 August 2024.
  8. ^ a b Tan, Ben (23 November 2023). "Johor govt tables 2024 state Budget with RM4.2m surplus". Malay Mail. Retrieved 17 August 2024.
  9. ^ "Johor to become most economically developed state in Malaysia: PM Anwar". The Straits Times. 19 April 2024. Retrieved 17 August 2024.
  10. ^ Hutchinson, Francis E; Rahman, Serina (2020). Johor: abode of development?. Singapore: ISEAS, Yusof Ishak Institute. ISBN 9789814881272. Retrieved 17 August 2024.