Penang BN claims Chief Minister trying to confuse people about GDP

GEORGE TOWN, Oct 16 — The Penang Barisan Nasional (BN) today claimed that Penang Chief Minister Lim Guan Eng was trying to confuse the people about the state’s Gross Domestic Product (GDP).

Its Chairman Teng Chang Yeow said Lim’s statement that the Pakatan Harapan government had succeeded in moving Penang to first place in the ranking for the growth rate in the state’s per capita GDP from 2014 to 2015, was confusing.

“Do not confuse the people, do not lie. We have to understand what is the GDP per capita and the definition of GDP. The GDP is the best way to measure or indicate the economic growth of a country or region.

“It covers everything that is produced by the people and companies in a country. The GDP per capita divides the GDP figures by the number of people.

“According to the statistics from the Statistics Department, the average GDP per capita for Penang for the year 2006 to 2007 under BN was at 11th place, while from 2008 to 2014 during the time of the DAP government, it was at the bottom or 15th place,” he said in a press conference here.

Yesterday, Lim said in a statement that during the eight years the Penang DAP was in power, it succeeded in transforming the state from the bottom place it was under the BN government in 2006 to 2007, to top place in the GDP per capita growth rate in 2014 and 2015.

Teng said the Penang GDP growth rate recorded the best performance during the BN administration, even exceeding the national rate, with the highest achievement in 1994, at a rate of 14.1 per cent.

He said this was the result of BN’s planning, including producing the Penang Development Strategic Plan 1 and 2 to plan the state economic growth from 1992 to 2007.

“The Penang GDP clearly showed a drop during the administration of the Pakatan Harapan government, and was worse than the national growth rate,” he said. — Bernama





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