Special Economic Zones in the OIC Region:
Learning from Experience
81
Data indicates that Penang currently accounts for 7% of national GDP but when the
manufacturing sector is isolated the state accounts for 14% of total manufacturing GDP
nationally.72
To examine the effect of the Penang FTZs on the Malaysia economy a number of indicators have
been examined to illustrate the economic performance of the zone in:
 Increasing GDP performance;
 Increasing export values; and
 Attracting further FDI inflows.
This analysis is presented below i an
Figure 17 - Malaysian GDP per Capita (constant $)
Source: World Bank (2017) World Bank Open Data. Available from
72 Statistics Centre Malaysia (2015) Malaysia Economic Statistics – National Accounts.
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Bayan Lepas FTZ