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The economy of Malaysia is an emerging and developing, upper-middle income, highly industrialised, mixed economy.It ranks the 36th largest in the world in terms of nominal GDP, however, when measured by purchasing power parity, its GDP climbs to the 30th largest.
10 January – The opening of Malacca Al-Quran Museum in Malacca City, Malacca. [6] 12 January – The KLCI passed the 1,500 mark for the first time in history, reaching 1,516.22 points. 12 January – Tenggaroh state assemblyman S. Krishnasamy was assassinated in Johor Bahru. [7] 5–13 January – The cycling race 2008 Jelajah Malaysia was ...
Nominal GDP IMF 2024 [1]; World rank Country GDP (US$ millions) GDP per capita (nominal) 1 16 Indonesia: 1,475,690 5,509 2 26 Thailand: 548,890 7,557 3 31 Singapore
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 ...
This included a New Economic Model, subsidy reforms, international free trade agreements and stimulus packages. However, in the later stages of his administration, Malaysia experienced an economic downturn and a depreciation of the Malaysian Ringgit due to the 1Malaysia Development Berhad scandal (1MDB).
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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.
The state of Johor is strategically located in southern Malaysia, bordering one of the global economic powerhouses Singapore.Johor is the third-largest economy in Malaysia after Selangor and Kuala Lumpur, as well as the largest outside the Klang Valley, accounting for 9.6% of the nation's gross domestic product (GDP), valued at RM 148.2 billion in 2023. [9]