Sabah’s economic performance fell by 9.5 pct in 2020

Sabah’s economic performance fell by 9.5 pct in 2020. [Newspaper] (2021)


Sabah’s economic performance saw a further decline of 9.5 per cent in 2020 compared to the 0.7 per cent decrease recorded the previous year. Sabah Statistics Director Zainol Jamil said that the drop was caused by the poor growth of each of the economic sectors in the state. “Overall, Sabah contributed 5.8 percent to the Malaysian economy during the said year,” he told reporters in a virtual press conference on Sabah’s 2020 Socioeconomic Report here on Thursday.
Zainol revealed that the services sector recorded value added of RM36.5 billion in 2020, which saw a 7.4 decrease compared to the 5.4 drop recorded in 2019. He further disclosed that wholesale and retail trade; accommodation and food and beverage sub-sectors; transport and storage; as well as real estate and business services sub-sectors had all contributed to the decline in the services sector.

Item Type: Newspaper
Keywords: Economic Growth, Gross Domestic Product (GDP), Sabah
Taxonomy: By Subject > Business & Management > Economics
Local Content Hub: Subjects > Business & Management
Depositing User: Asrizam Awang Aman
Date Deposited: 13 Jan 2022 03:21
Last Modified: 13 Jan 2022 03:21
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