4th out of 15 states in Malaysia (including two federal territories)[3]
GDP growth
6.5% (2022)[3]
GDP per capita
RM 80,857 (2022)[3]
GDP per capita rank
3rd out of 15 states in Malaysia (including two federal territories)[4]
GDP by sector
Services: 36.2%
Manufacturing: 26.3%
Mining and quarrying: 22.2%
Agriculture: 11.7%
Construction: 3.2%
(2020)[4]
Inflation (CPI)
1.9% (first quarter of 2022)[5]
Population below poverty line
Absolute poverty: 9.0% (poverty line income of RM 2,131/month)
Relative poverty: 15.2% (cutoff value RM 2,272/month)
(2019)[6]
Gini coefficient
0.387 (2019)[6]
Human Development Index
0.737 (2021)[7]
Labour force
1,440,800
Economic activity rate: 70.8%
(second quarter of 2022)[8]
Labour force by occupation
Agriculture, forestry, fishing (20.1%)
Wholesale and retail trade (13.8%)
Manufacturing (10.8%)
Construction (9.2%)
Hotel and food services (8.3%)
(2020)[9]
Unemployment
3.3% (second quarter of 2022)[8]
External
Exports
RM 100,591 million (2019)[10]
Export goods
Fossil fuels and lubricants (61.6%)
Manufactured goods (13.7%)
Animal, vegetable oils, fats (10.0%)
Machinery and transport equipment (9.1%)
Crude materials (2.2%)
(2020)[10]
Main export partners
Japan (25.8%)
Peninsular Malaysia (15.7%)
Peoples' Republic of China (11.3%)
Republic of Korea (7.3%)
Republic of China (Taiwan) (7.2%)
(2018)[11]
Imports
RM 41,120 million (2020)[12]
Import goods
Machinery and transport equipment (32.9%)
Chemicals (16.7%)
Manufactured goods (14.0%)
Food (12.5%)
Crude materials (9.0%)
(2020)[12]
Main import partners
Peninsular Malaysia (46.7%)
Peoples' Republic of China (14.3%)
Australia (5.2%)
Japan (4.4%)
Indonesia (3.8%)
(2018)[11]
FDI stock
RM 28.2 billion (2022)[13]
Public finances
Revenues
RM 13.3 billion (2023)[14]
Expenses
RM 11.5 billion (2023)[15]
Credit rating
Moody's Investors Service: A3 (stable) (2021)[16]
S&P Global Ratings: A− (stable) (2019)[17]
All values, unless otherwise stated, are in US dollars.
The economy of Sarawak is the fourth-largest of the states of Malaysia, making up 9.3% of the Malaysian gross domestic product (GDP) in 2022.[3] Meanwhile, Sarawak is home to 7.9% of the Malaysian population (2.56 million out of 32.4 million people in Malaysia) based on the 2020 census.[2][18]
Sarawak economy has traditionally heavily depended on natural resource extraction and exports, including oil and gas, timber and palm oil. These commodities still produce a significant proportion of Sarawak's gross domestic product.[19] Main trade partners of Sarawak are: Peninsular Malaysia, China, and Japan.[11]
^Ten, Marilyn (27 May 2022). "Sarawak's financial accounts accorded clean certificate for 19 consecutive years". The Borneo Post. Archived from the original on 23 June 2022. Retrieved 25 June 2022.
^ abHow Pim, Lim (16 June 2022). "Sarawak's population rises to over 2.56 mln in 2020". The Borneo Post. Archived from the original on 18 June 2022. Retrieved 25 June 2022.
^ abcdeCite error: The named reference Stats 2022 was invoked but never defined (see the help page).
^ abCite error: The named reference Sarawak 2020 was invoked but never defined (see the help page).
^Ten, Marilyn (26 May 2022). "Deputy Premier: Sarawak's economy expected to grow up to 6 pct this year". The Borneo Post. Archived from the original on 15 June 2022. Retrieved 28 June 2022.
^ ab"Household income and basic amenities survey report by state and administrative district" (PDF). Department of Statistics, Malaysia. Archived from the original (PDF) on 18 February 2022. Retrieved 28 June 2022.
^"Subnational HDI (v5.0) - Malaysia". Global Data Lab. Archived from the original on 29 June 2022. Retrieved 29 June 2022.
^ ab"Unemployment rate stabilises in Q2 22". New Sarawak Tribune. 21 November 2022. Retrieved 27 June 2023.
^"Employment by Industry". Sarawak Data. Archived from the original on 1 July 2022. Retrieved 1 July 2022.
^ ab"Sarawak Exports By Commodity Sections_2020p". Sarawak Data - State Planning Unit. Archived from the original on 30 June 2022. Retrieved 30 June 2022.
^ abcTuah, Yvonne (29 September 2019). "Enhancing access to Sarawak's trade". The Borneo Post. Archived from the original on 7 June 2021. Retrieved 19 June 2022.
^ ab"Sarawak Import By Commodity Section_December 2020". Sarawak Data - State Planing Unit. Archived from the original on 1 July 2022. Retrieved 1 July 2022.
^"Malaysia attracted RM264.6b approved investments in 2022". The Malaysian Reserve. 8 March 2023. Archived from the original on 22 March 2023. Retrieved 23 February 2024.
^"Abang Johari: Sarawak revenue for 2023 hits RM13.3 bln". The Borneo Post. 12 January 2024. Retrieved 23 February 2024.
^"Premier unveils largest Sarawak Budget of RM12.363 bln, projects RM12.749 bln revenue in 2024". DayakDaily. 20 November 2023. Retrieved 23 February 2024.
^"Moody's upgrades Sarawak's rating to stable, affirms A3 rating". The Malay Mail. 24 September 2021. Archived from the original on 29 September 2021. Retrieved 24 April 2022.
^Cite error: The named reference MIDA 2019 was invoked but never defined (see the help page).
^"Census 2020: Bumiputera population increases to almost 70pct". Malaysiakini. 14 February 2022. Archived from the original on 15 February 2022. Retrieved 2 August 2023.
^Lau, Rachel (5 May 2019). "Bolstering Sarawak's trade outlook". The Borneo Post. Archived from the original on 12 June 2021. Retrieved 19 June 2022.
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Global Information
RM 140,200 million (nominal, 2022)[3]