Economy
Terengganu used to be Malaysia's poorest state until oil and gas were discovered off its coastline not too long ago. Terengganu's main industry now is petroleum and gas. There are huge petrochemical complexes near Paka and Kerteh, involving many joint ventures between the Malaysian national oil company, Petronas, and foreign multinationals. Tourism and fishing are also major industries in Terengganu, a state with a long coastline. Agriculture also remains important, with banana, rambutan, durian, watermelon, and various other fruits and vegetables available in season. Terengganu was traditionally famous for boat-building, with highly decorated carved wooden boats called bangau to be found in the harbor of every village and town in days not so long gone by, before electric motorboats became standard equipment for the state's fishermen.
| Income and Quality of life | 1995 | 2005 |
|---|---|---|
| GDP (RM Million) | 12,082.9 | 16,821.2 |
| GDP Per Capita (RM) | 13,636.1 | 13,642.6 |
| Average Household Income (RM) | 1,113.0 | 2,075.3 |
| Crude Birth Rate (Per Thousand) | 29.5 | 18.5 |
| Infant Mortality Rate (Per Thousand) | 10.4 | 6.5 |
| Number of Population Per Doctor | 2,803.0 | 1,930.0 |
| Number of Students Per Teacher | 17.6 | 15.1 |
| Motor Vehicles Registered (Per Thousand) | 181.0 | 212.5 |
| Number of Viewers Per TV | 11.4 | 9.0 |
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)