| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Malaysia Economy 2014

SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES











Malaysia Economy 2014
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 31, 2014

Economy - overview:
Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. NAJIB's Economic Transformation Program (ETP) is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy''s dependence on exports. Nevertheless, exports - particularly of electronics, oil and gas, palm oil and rubber - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with strained government finances, has forced Kuala Lumpur to begin to reduce government subsidies. The government is also trying to lessen its dependence on state oil producer Petronas. The oil and gas sector supplies about 35% of government revenue in 2011. Bank Negera Malaysia (central bank) maintains healthy foreign exchange reserves, and a well-developed regulatory regime has limited Malaysia''s exposure to riskier financial instruments and the global financial crisis. Nevertheless, Malaysia could be vulnerable to a fall in commodity prices or a general slowdown in global economic activity because exports are a major component of GDP. In order to attract increased investment, NAJIB has raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but he has encountered significant opposition, especially from Malay nationalists and other vested interests.

GDP (purchasing power parity):
$494.7 billion (2012 est.)
country comparison to the world: 30

$468.3 billion (2011 est.)
$445.4 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$300.6 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5.6% (2012 est.)
country comparison to the world: 53

5.1% (2011 est.)
7.4% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$16,800 (2012 est.)
country comparison to the world: 79

$16,200 (2011 est.)
$15,600 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
31.9% of GDP (2012 est.)
country comparison to the world: 19

34.9% of GDP (2011 est.)
34.2% of GDP (2010 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 48.9%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 13.5%
investment in fixed capital: 25.7%
investment in inventories: 0.1%
exports of goods and services: 87.1%
imports of goods and services: -75.3%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 11.4%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 40.2%
services: 48.3% (2012 est.)

Agriculture - products:
Peninsular Malaysia - palm oil, rubber, cocoa, rice; Sabah - palm oil, subsistence crops; rubber, timber; Sarawak - palm oil, rubber, timber; pepper

Industries:
Peninsular Malaysia - rubber and oil palm processing and manufacturing, petroleum and natural gas, light manufacturing, pharmaceuticals, medical technology, electronics and semi-conductors, timber processing; Sabah - logging, petroleum and natural gas production; Sarawak - agriculture processing, petroleum and natural gas production, logging

Industrial production growth rate:
3.8% (2012 est.)
country comparison to the world: 75
[see also: Industrial production growth rate country ranks ]

Labor force:
12.9 million (2012 est.)
country comparison to the world: 42
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 11.1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 36%
services: 53.5% (2012 est.)

Unemployment rate:
3% (2012 est.)
country comparison to the world: 23

3.1% (2011 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
3.8% (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 34.7% (2009 est.)

Distribution of family income - Gini index:
46.2 (2009)
country comparison to the world: 33

49.2 (1997)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $67.31 billion
[see also: Budget revenues country ranks ]
expenditures: $80.89 billion (2012 est.)

Taxes and other revenues:
22.4% of GDP (2012 est.)
country comparison to the world: 150
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-4.5% of GDP (2012 est.)
country comparison to the world: 157
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
53.3% of GDP (2012 est.)
country comparison to the world: 54

51.6% of GDP (2011 est.)
note: this figure is based on the amount of federal government debt, RM501.6 billion ($167.2 billion) in 2012; this includes Malaysian Treasury bills and other government securities, as well as loans raised externally and bonds and notes issued overseas; this figure excludes debt issued by non-financial public enterprises and guaranteed by the federal government, which was an additional $47.7 billion in 2012
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1.7% (2012 est.)
country comparison to the world: 32

3.2% (2011 est.)
note: approximately 30% of goods are price-controlled
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
3% (31 December 2011)
country comparison to the world: 107

2.83% (31 December 2010)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
4.7% (31 December 2012 est.)
country comparison to the world: 160

4.83% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$93.89 billion (31 December 2012 est.)
country comparison to the world: 36

$81.28 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$458.5 billion (31 December 2012 est.)
country comparison to the world: 23

$382.2 billion (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$412.4 billion (31 December 2012 est.)
country comparison to the world: 29

$354.6 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$414 billion (31 December 2011)
country comparison to the world: 23

$410.5 billion (31 December 2010)
$256 billion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$18.64 billion (2012 est.)
country comparison to the world: 19

$33.51 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$227.7 billion (2012 est.)
country comparison to the world: 25

$228.6 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
semiconductors and electronic equipment, palm oil, petroleum and liquefied natural gas, wood and wood products, palm oil, rubber, textiles, chemicals, solar panels

Exports - partners:
Singapore 13.6%, China 12.6%, Japan 11.8%, US 8.7%, Thailand 5.4%, Hong Kong 4.3%, India 4.2%, Australia 4.1% (2012)

Imports:
$186.9 billion (2012 est.)
country comparison to the world: 27

$179.1 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
electronics, machinery, petroleum products, plastics, vehicles, iron and steel products, chemicals

Imports - partners:
China 15.1%, Singapore 13.3%, Japan 10.3%, US 8.1%, Thailand 6%, Indonesia 5.1%, South Korea 4.1% (2012)

Reserves of foreign exchange and gold:
$139.7 billion (31 December 2012 est.)
country comparison to the world: 20

$133.6 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$98.82 billion (31 December 2012 est.)
country comparison to the world: 49

$94.47 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$132.4 billion (31 December 2012 est.)
country comparison to the world: 35

$114.6 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$120.4 billion (31 December 2012 est.)
country comparison to the world: 27

$106.2 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
ringgits (MYR) per US dollar -

3.0888 (2012 est.)
3.06 (2011 est.)
3.22 (2010 est.)
3.52 (2009)
3.33 (2008)


NOTE: 1) The information regarding Malaysia on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Malaysia Economy 2014 information contained here. All suggestions for corrections of any errors about Malaysia Economy 2014 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 06-Nov-14
Copyright © 1995- , ITA (all rights reserved).

    . Feedback