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Download as PDF; Printable version; ... According to a HSBC report in 2012, Malaysia is expected to become the world's 21st largest economy by 2050, with a GDP of $1. ...
This is a list of Malaysian states and federal territories sorted by their gross domestic product (GDP). [1] [2] As of 3 November 2022 Malaysian Ringgit (symbol: RM, currency code: MYR) is equivalent to 0.211 United States dollar [3] or 0.213 Euros. [4] In 2023, Selangor contributed 25.9% of Malaysia's GDP, followed by Kuala Lumpur (15.9%) and ...
The goal of the NEM, according to Najib, is to "transform the Malaysian economy to become one with high incomes and quality growth" by 2020. [ 1 ] [ 2 ] At the time of the plan's unveiling in 2010, per capita annual income in Malaysia stood at 23,100 Malaysian ringgit , approximately $7,000 in US currency ; under the plan that figure would more ...
The Department of Statistics Malaysia (DOSM; Malay: Jabatan Perangkaan Malaysia) is a government agency in Malaysia that operates under the Ministry of Economy.It is responsible for the collection and interpretation of reliable statistics related to the economy, population, society and environment of Malaysia which the government primarily uses to assess, review and implement national public ...
Malaysia has a low official unemployment rate of 3.4% as of 2024. [208] Its foreign exchange reserves are the world's 24th-largest. [209] It has a labour force of about 15 million, which is the world's 34th-largest. [210] Malaysia's large automotive industry ranks as the world's 22nd-largest by production. [211]
Launched on 21 September 2010, [1] it is a comprehensive economic transformation plan to propel Malaysia's economy into high income economy. The program will lift Malaysia's gross national income (GNI) to US$523 billion by 2020, and raise per capita income from US$6,700 to at least US$15,000, meeting the World Bank's threshold for high income nation. [2]
On August 17, Malaysian badminton player, Lee Chong Wei, won a silver medal at these Games. This was the first time since the 1996 Summer Olympics that Malaysia won a medal at an Olympic Games. [54] 20 August – The MISC vessel registered as MT Bunga Melati Dua was hijacked by a group of armed pirates in the Gulf of Aden, between Yemen and ...
One of the most significant events in the history of the Malaysian economy was the Asian financial crisis, which caused Malaysia's GDP to shrink from US$100.8 billion in 1996 to US$72.2 billion in 1998. The Malaysian economy's GDP did not recover to 1996 levels until 2003. [17] The year 1997 saw drastic changes in Malaysia.