Malaysia



About Malaysia

Malaysia's economy was one of the most competitive in the world,. In August 2017, the exchange rate value of domestic production at US$ 330 billion making the economy of Malaysia as the 4th largest in Southeast Asia. Malaysia has a newly industrialized market economy, which is relatively open and state-oriented. The Malaysian economy is highly robust and diversified with the export value of high-tech products in 2015 standing at 57.258 billion USD. Real gross domestic product (GDP) is expected to expand between 5-6 percent per annum from 2016-2020, resulting in a 7.9 percent per annum rise in gross national income (GNI) per capita. Malaysia exports the second largest volume and value of palm oil products globally after Indonesia. Kuala Lumpur has a large financial sector, and is ranked the 22nd in the world.

Malaysia  with a population of over 30 million, Malaysia is the 44th most populous country. Malaysia is the 66th largest country by total land area, of 329,613 km2 . Malaysia is ranked 19th in the world for its quality roads, quality of port infrastructure and quality of air transport infrastructure and ranked 39th in quality of electricity supply. Its telecommunications network is second only to Singapore's in Southeast Asia, with 4.7 million fixed-line subscribers and more than 30 million cellular subscribers. The country has seven international ports, the major one being the Port Klang and have plans to construct more airports in the east Malaysian state of Sarawak. Malaysia holds proven oil reserves of 4 billion barrels, the fourth-highest reserves in Asia-Pacific after China, India, and Vietnam.

Malaysia has been benefiting from the transparent and predictable trading environment provided by the WTO which contributes towards Malaysia's economic growth and development.