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 BUSINESS IN PERAK |
GDP Structure
Modernization Of Perak State Economy Structure
The achievement of the modernization of Perak State economy structure has significantly involve major changes to the structure itself. Primary sector's contribution towards the total GDP has decline from 42.5 percent in 1980 to 21.8 percent in 2000 while for the secondary sector has increased from 17.5 percent to 34.8 percent in the same period. The same increment goes for the third sector from 37.4 percent to 51.5 percent and this changes has evolved Perak's economy of primary comodity and tin producing to a major industrial products manufacturer.
Comparatively, the secondary sector which is more or less dynamic has contributed 41.3 percent towards the economic growth for the period of 1980 to 2000 rather than 6.2 percent contribution by the primary sector. This restructuring accomplishment has balances out the declination of tin industries which once had become the spine of the state's economy. Furthermore, it has also encourage the shift of low-productivity sectors to better and high-yield sectors. This transformation is the proven on-going strenghtening process of the state economic's ability in the value-creation to produce the value-chain of Perak State's economic growth.
Perak Economic And Revenue Growth
Perak State has achieved siginificant economic growth and inclination of revenues with an increment of real GDP (1978 price index) from RM 4,847 million in 1980 to RM 12,637 million in 2000 at 4.9 percent per annum growth rate. Simultaneously, real income per capita (1978 price index) too increased from RM 2,780 to RM 6,224 rating at 4.1 percent growth per annum. With such increment, the state's income gap measured by the ratio of state's income per capita to national's income per capita declining from 81 percent in 1995 to 91 percent in the year 2000.
This inclination has been contributed by the simultaneous effect of medium GDP growth and slow population growth rate. Total population of Perak State gradually incerased at the rate of 0.8 percent compared to 2.6 percent of total Malaysia population growth from the period of 1980 to 2000. Such dawdling pace of is due to the massive migration of population, especially to the growth centre of Klang Valley, North and South of peninsula.
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