Business · Malaysia Bureau
Sabah's economy posts strongest growth in six years at 5.1%
Sabah recorded its best economic performance in half a decade, with gross domestic product expanding 5.1 per cent last year, according to state leadership. The growth marks a significant recovery for the East Malaysian state's economy.
LSN Malaysia ·
Sabah's economy expanded at its fastest pace since 2018, with Chief Minister Hajiji Noor announcing the 5.1 per cent growth rate for the previous financial year. The performance represents a notable turnaround for the resource-rich state, which has faced economic headwinds in recent years.
The expansion across Sabah's key economic sectors reflects improved business conditions and stronger demand in both domestic and export markets. The state's diversified economy, which encompasses agriculture, manufacturing, tourism and services, contributed to the robust growth trajectory.
The Chief Minister's announcement underscores the state government's efforts to revitalise Sabah's economy through targeted development initiatives and policy reforms. Officials attributed the performance partly to increased investor confidence and renewed activity in traditional economic drivers.
The six-year high growth rate comes as Malaysia's economy continues its post-pandemic recovery, with regional variations depending on local economic conditions and sectoral composition. Sabah's performance suggests the state is gaining ground in the broader national economic rebound.