KOTA KINABALU – Sabah’s gross home product (GDP) grew by 3.7 per cent in 2022, with a value-added amounting to RM81.9 billion, surpassing 2021’s RM79 billion, the Sabah state legislative meeting was advised right now.
Assistant Minister to the Chief Minister Datuk Abidin Madingkir mentioned the optimistic development was pushed by a big enhance within the companies sector, which is the principle contributor to Sabah’s GDP, at 49.5 per cent with a value-added of RM40.6 billion.
He mentioned the 8.6 per cent development within the companies sector was pushed by the improved efficiency of the principle subsectors, particularly the wholesale and retail commerce subsector, meals and beverage and lodging, adopted by the federal government service sector and the utility sector, transport and storage in addition to data and communication.
“Regardless of being the second largest contributor to Sabah’s general GDP, which is 24.8 per cent with a value-added of RM20.3 billion, the mining and quarrying sector confirmed a decline in development of 1.3 per cent in 2022, in comparison with 3.2 per cent in 2021.
“The contraction of this sector is influenced by the decline of its major sub-sector, which is crude oil and condensate, to 4.4 per cent and the pure fuel sub-sector by 8.4 per cent,” he mentioned in response to an oral query from Datuk Hassan A Gani Pg Amir (GRS-Sebatik) concerning the principle industries contributing to Sabah’s income.
Abidin added that Sabah’s agricultural sector recorded a value-added amounting to RM12.5 billion in 2022, which is a decline of 0.2 per cent.
“Nevertheless, the expansion of this sector is healthier than the two.2 per cent lower recorded in 2021. The agricultural sector is the third largest sector in Sabah with a contribution of 15.2 per cent to the general GDP of Sabah.
“The oil palm sub-sector dominates the agricultural sector in Sabah with a contribution of 9.6 per cent to Sabah’s general GDP, adopted by the fisheries sub-sector (2.5 per cent), different crops (1.3 per cent) and livestock (1.0 per cent),” he mentioned.
The manufacturing sector recorded a unfavourable development of two.5 per cent with a lower in worth added to RM5.8 billion in comparison with RM5.9 billion within the earlier yr.
“The decline on this sector is because of the contraction within the subsector of oils and fat from greens and animals, meals processing, drinks and tobacco merchandise and the subsector of wooden merchandise, furnishings, paper merchandise and printing,” Abidin mentioned.
He mentioned the development sector grew at a charge of 6.2 per cent in comparison with 7.9 per cent within the earlier yr and this sector recorded a rise of RM2.5 billion in comparison with RM2.4 billion in 2021.
“This development is supported by the constant efficiency within the development subsector, civil engineering and particular carpentry development actions,” he mentioned. – BERNAMA