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Economic Strength
Last Updated : 17/3/2017 8:34 AM
  • Malaysia offers wide range of natural resources (e.g. crude oil, natural gas, tin, timber, palm oil, rubber).
  • Malaysia’s GDP growth remained resilient at 5.6% in 2012, led by the favorable performance of the manufacturing and services sectors, and supported by robust construction activity.
  • The share of Gross National Savings (GNS) to Gross National Income (GNI) is expected to remained strong at 32.7%, contributed by high private sector savings
  • Per capita income in Malaysia shows increasing figure to RM30, 956 (USD9, 674).
  • Unemployment rate in Malaysia remained low at 3.2%.
  •  Inflation (CPI) recorded in moderate percentage at 1.9%.
  • Total trade continues to grow especially in export of manufactured goods in 2012, with 67% of total exports.

Making Transformation Happen

  • Malaysia has progressed from an economy dependent on agriculture and primary commodities to a manufacturing-based, export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries. To move the country forward, the Government has crafted a framework comprising four pillars to drive the change based on the New Economic Model (NEM) and to be achieved through Economic Transformation Plan (ETP). This is targeted for Malaysia to emerge as developed high-income nation in the 10th Malaysia Plan (2011-2015).

Continuous Economic Success

  • In 2012, Malaysia’s economy grew 5.6%, higher than the 5.1% seen in 2011 and beat the government’s targeted growth of between 5% and 5.5%. Malaysia’s GDP expanded 6.4% in the fourth quarter of 2012 from a year earlier.

High Level of Global Integration

  • Total trade in 2012 was valued at RM1.310 trillion, an increase of 8.7% from RM1.271 trillion in 2011. This was contributed by exports of RM702.19 billion and import of RM607.36 billion. Export expanded by 0.6% while import rose 8.6% compared with 2011. Malaysia recorded a trade surplus of RM94.82 billion for the year, making it the 15th consecutive year of total trade surplus achieved since 1998. For December 2012, Malaysian exports were 5.8% lower in December 2012 to RM57.27 billion compared with December 2011. Imports declined by 6.5% to RM49.03 billion while total trade declined by 6.1% from December 2011 to RM106.30 billion.

Top 10th Most Attractive Destination for FDI

  • Malaysia was listed as the world's 10th most attractive FDI destination by global management consultant A.T. Kearney in its recent FDI Confidence Index study, which collated data from more than 200 executives from 27 countries and 17 industry sectors. Malaysia was ranked 20th in 2010. The jump is a testimony of growing investors' confidence in the government's various initiatives to transform the economy into that of a high-income nation by 2020.
  • Malaysia has taken the 10th spot on the Switzerland- with an index score of 87,228.

The 12th in the Ease of Doing Business

  • Malaysia is the 12th most competitive economy in the world for doing business, according to the Ease of Doing Business Report 2013 released by the World Bank. This ranking places Malaysia 4th in Asia after Singapore, Hong Kong and South Korea.

The 14th Most Competitive in the World

  • Malaysia has earned a position among the 14 most competitive countries in the world, according to the 2012 World Competitiveness Yearbook (WCY), published by the Swiss-based Institute for Management Development (IMD). The list measures Malaysia against 58 countries. With an index score of 84.217, Malaysia is the 2nd highest-ranked Southeast Asian countries after Singapore and ranked 4th in Asia after Hong Kong, Singapore, and Taiwan.

The 25th Most Competitive Nation in the World

  • Malaysia has earned a position among the 25 most competitive countries in the world, according to the 2012-2013 Global Competitiveness Index (GCI), published by the World Bank. The list measures Malaysia against 143 countries. Malaysia is the 2nd highest-ranked Southeast Asian countries after Singapore and ranked 6h in Asia after Singapore, Hong Kong, Japan, Taiwan and South Korea.

29th Most Networked Economy 

  • Malaysia is also the world’s 29th most networked economy and the highest-ranked nation not to belong to the group of high-income countries. In the Global Information Technology Report 2012, released by the World Economic Forum (WEF), Malaysia is ranked sixth in Asia behind Singapore, Taiwan, South Korea, Hong Kong and Japan. The report praised Malaysia for its government-led effort in ICT usage, as reflect in government-related indicators such as government usage (6th), not far behind South Korea, Singapore and Taiwan.

Economic Growth Corridors

  • As a testament to the country's commitment to promoting free trade and business incentives, the government has established five economic corridors, to further develop Malaysia.
  •  The five economic growth corridors are:
    • Iskandar Malaysia in Southern Johor (IRDA);
    • Northern Corridor Economic Region (NCER);
    • East Coast Economic Region (ECER);
    • Sabah Development Corridor (SDC); and
    • Sarawak Corridor of Renewable Energy (SCORE).

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