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The economy of Malaysia is the fifth largest in Southeast Asia and the 36th largest in the world in terms of nominal GDP. When measured by purchasing power parity, its GDP climbs to the 30th largest. Malaysia is forecasted to have a nominal GDP nearly half a trillion US$ by the end of 2024. [22]
- Economic history of Malaysia
From 1988 to 1997, the Malaysian economy experienced a...
- Malaysia
The head of government is the prime minister . After...
- Economic history of Malaysia
From 1988 to 1997, the Malaysian economy experienced a period of broad diversification and sustained rapid growth averaging 9% annually. By 1999, nominal per capita GDP had reached $3,238. New foreign and domestic investment played a significant role in the transformation of Malaysia's economy.
The head of government is the prime minister . After independence, the gross domestic product (GDP) grew at an average rate of 6.5% per year for almost 50 years. The country's economy has traditionally been driven by its natural resources but is expanding into commerce, tourism, and medical tourism.
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) )
2 days ago · Malaysia’s economy has been transformed since 1970 from one based primarily on the export of raw materials (rubber and tin) to one that is among the strongest, most diversified, and fastest-growing in Southeast Asia.
As COVID-19 restrictions eased and global demand rose, Malaysia’s GDP rebounded, growing by 3.1% in 2021 following a 5.6% contraction in 2020. Although the delta COVID-19 variant and rising prices dampened demand at the beginning of the year, all components had recovered strongly by the fourth quarter.
Socio-economic Statistics consist of four main sub-topics that contain economic-related information from the statistical angle and others. The four sub-topics are Malaysian Economy in Figures, Latest Economic Indicators, Economic Statistics and Social Security Network.
