Economy
The economy of Selangor is constituted by a progressive market economy. The core sectors of Selangor's economy are commerce and agriculture.
Selangor is the richest state in the country in terms of gross domestic product (GDP) per capita (PPP). On 27 August 2005, Selangor was officially declared the first developed state in Malaysia by the then state government. Selangor has a recorded highest Human Development Index among the states in Malaysia.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)