Economy of Johor
Johor Bahru Central Business District at night. | |
| Currency | Malaysian Ringgit (RM or MYR) |
|---|---|
| Statistics | |
| Population | 4.19 million (2024) |
| GDP | RM 148.2 billion (2023) |
GDP growth | 3.4% (2022/23) |
GDP per capita | RM 41,902 (2023) |
| 0.404 (2021) | |
| 0.811 (2024) high | |
| Unemployment | 2.4% (2022/23) |
Main industries | Services, manufacturing, agriculture and construction |
| External | |
| Exports | RM 314.06 billion (2023) |
Export goods | Refined petroleum, integrated circuit boards and electricity and electronics products |
| Imports | RM 249.25 billion (2022/23) |
| Public finances | |
| RM 222.39 million (2020) | |
| Revenues | RM 1.804 billion (2023/24) |
| Expenses | RM 1.799 billion (2023/24) |
All values, unless otherwise stated, are in US dollars. | |
The state of Johor is strategically located in southern Malaysia, bordering one of the global economic powerhouses Singapore. Johor has the world's second largest artificial intelligence hub. It is the second-largest state economy in Malaysia after Selangor, as well as the largest outside of the Klang Valley. Johor has the fastest economic growth among all Malaysian states in 2024.
The economy is primarily driven by manufacturing and service sectors, covering almost 80% of the state GDP. Its gross domestic product (GDP) is valued at RM 158 billion. Johor is the second largest trade contributor in Malaysia, and has the second largest share of the country's imports, after Selangor.
As Malaysia's top investment destination, as well as one of Asia's largest data centres and transshipment hubs, Johor has attracted numerous foreign direct investment (FDI) and multinational corporations, particularly in services, manufacturing, and logistics sectors. Johor's strategic geographical location and active economic activities also place its main port of entry, Port of Tanjung Pelepas, among the 15 busiest ports in the world. The state capital, Johor Bahru, was ranked the world's 20th most attractive city for businesses, second in Malaysia after Kuala Lumpur, according to Oliver Wyman.