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The average household income of Malaysia increased by 69.6% to RM8,479 a month, compared to RM5,000 in 2012. [49] According to a HSBC report in 2012, Malaysia is expected to become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
Peninsular Malaysia makes up 132,090 square kilometres (51,000 sq mi), [1] or almost 40% of the country's land area, while East Malaysia covers 198,847 square kilometres (76,780 sq mi), or 60%. From the total land area, 1,200 square kilometres (460 sq mi) or 0.37% is made up of water such as lakes, rivers, or other internal waters.
It was the first economic plan for the whole of Malaysia—Sabah and Sarawak included—as opposed to just Malaya, which previous economic plans (such as the Second Malayan Five Year Plan) had confined themselves to. The plan's objectives were to promote the welfare of all citizens, and improve the living conditions in rural areas, particularly ...
Rural area. Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader concerns than agricultural economics which focus more on food systems. [1] Rural development [2] and finance [3] attempt to solve larger challenges within rural economics.
t. e. The Government Transformation Programme (GTP) is an effort by Malaysia's Government to address seven key areas concerning the people of the country. The programme was unveiled on 28 January, 2010, by Prime Minister Najib Razak, and is expected to contribute in making the country a developed and high-income nation as per its Vision 2020. [1]
Rural area. In general, a rural area or a countryside is a geographic area that is located outside towns and cities. [1] Typical rural areas have a low population density and small settlements. Agricultural areas and areas with forestry are typically described as rural, as well as other areas lacking substantial development.
t. e. Rural development is the process of improving the quality of life and economic well-being of people living in rural areas, often relatively isolated and sparsely populated areas. [1] Often, rural regions have experienced rural poverty, poverty greater than urban or suburban economic regions due to lack of access to economic activities ...
The climate of Malaysia produces the proper conditions for the production of exotic produce. It is located on a peninsula in Southeast Asia. This area is very rarely affected by hurricanes or drought. [2] Malaysia maintains a humidity level around ninety percent because of its location close to the equator. The weather stays hot and humid all ...