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 |
Read more about this topic: Terengganu
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)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)