Malaysia’s 2023 economic snapshot: 3.6pc growth, record tourist arrivals and investment surge, says DOSM

Department Of Statistics Malaysia DOSM News

Malaysia’s 2023 economic snapshot: 3.6pc growth, record tourist arrivals and investment surge, says DOSM
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PUTRAJAYA, Aug 2 — Malaysia has demonstrated commendable economic resilience, achieving a gross domestic product growth of 3.6 per cent in 2023, said the Department of Statistics...

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Why rare earth elements could be a game-changer for Malaysia’s economy — Tham Siew Yean and Neo Hui Yun RebeccaChief statistician Datuk Seri Mohd Uzir Mahidin said Malaysia saw an influx of 20.1 million tourists in 2023. — Picture by FIrdaus LatifPUTRAJAYA, Aug 2 — Malaysia has demonstrated commendable economic resilience, achieving a gross domestic product growth of 3.6 per cent in 2023, said the Department of Statistics Malaysia .

The chief statistician said Malaysia experienced a notable influx of tourist arrivals in 2023, indicating a substantial recovery to 20.1 million tourists compared to 10.1 million tourists in 2022 when global travel restrictions were more stringent due to the pandemic. “The influx of capital not only strengthened Malaysia’s economic resilience but also elevated its competitiveness in the global market.

He said Pulau Pinang, Johor, and Selangor continued to lead as Malaysia’s top exporting states, contributing 31.4 per cent, 20.3 per cent, and 17.7 per cent, respectively, to national exports.

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