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By the time Malaya gained independence in 1957, Penang held a population of more than half a million. [19] By 1991, Penang's population had exceeded one million, with mainland Seberang Perai overtaking Penang Island in population at the same time. [20] However, the state's population growth had begun to slow since the 1970s.
Penang's GDP per capita of RM72,586 (US$15,814) was the highest among Malaysian states, surpassing the World Bank's threshold of US$14,005 to be considered a high-income economy. [ 138 ] [ 142 ] In addition, the George Town Conurbation had a GDP worth US$13.5 billion in 2010, making it the second largest contributor of Malaysia's total GDP.
Penang Island. Penang Island is the main constituent island of the Malaysian state of Penang. It is located off the western coast of Peninsular Malaysia by the Malacca Strait, with the Penang Strait separating the island from Seberang Perai on the mainland. The 295 km 2 (114 sq mi) island makes up approximately 28% of Penang's total land mass ...
Gross Domestic Product by state. Malaysian states by GDP (nominal US$) in 2020. National GDP is 364,681 US$. The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7][8] Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 ...
List of countries by population (United Nations) This is a list of countries and other inhabited territories of the world by total population, based on estimates published by the United Nations in the 2024 revision of World Population Prospects. It presents population estimates from 1950 to the present. [2]
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons. — "Piercing the Veil", International Monetary Fund ...
George Town is the capital of the Malaysian state of Penang. It is the core city of the George Town Conurbation, Malaysia's second largest metropolitan area with a population of 2.84 million and the second highest contributor to the country's GDP. The city proper spans an area of 306 km 2 (118 sq mi) encompassing Penang Island and surrounding ...
Rank Country Population in million GDP Nominal millions of USD GDP Nominal per capita USD GDP (PPP) millions of USD GDP (PPP) per capita USD — ASEAN 685.567: 3,862,060