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In early 2020, the Malaysian economy was severely afflicted by the COVID-19 pandemic that eventually expanded to the rest of the world, causing an economic shutdown and downturn in the country, the worst since 2008. [citation needed] In early December 2020 during the pandemic, Fitch Ratings downgraded the country's rating from A− to BBB+ ...
As of 2010, Malaysians make up 0.4% of the world's total population, having relied upon immigration for population growth and social development.Approximately 30% of current Malaysians are first- or second-generation immigrants, and 20 percent of Malaysian residents in the 2000s were not born in Malaysian soil.
Malaysian Malays (Malay: Orang Melayu Malaysia, Jawi: ملايو مليسيا ) are Malaysians of Malay ethnicity whose ancestry originates wholly or partly in the Malay world. According to the 2023 population estimate, with a total population of 17.6 million, Malaysian Malays form 57.9% of Malaysia's demographics, the largest ethnic group ...
Malaysia is a relatively open state-oriented and newly industrialised market economy. [206] It has the world's 36th-largest economy by nominal GDP and the 31st-largest by PPP. In 2017, the large service sector contributed to 53.6% of total GDP, the industrial sector 37.6%, and the small agricultural sector roughly 8.8%. [207]
Malaysian Chinese remain the business sector's dominant players; equity ownership doubled from 22.8 percent in 1969 to 45.5 percent in 1990, and nearly all of Malaysia's richest people are Chinese. [134] Since Malaysian Chinese manage the country's economy, most (75.8 percent in 1991) live in urban areas. [135]
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 Encyclopedia of Malaysia is a multi-volume encyclopedia about Malaysia. Each volume deals with a single subject area and is composed of thematic, double-page spreads. Over 400 authors, mainly Malaysians, have contributed to the series. The patron of The Encyclopedia of Malaysia is Mahathir Mohamad.
Malaysians in Singapore refers to citizens of Malaysia or Singaporean citizens of Malaysian origin residing in Singapore.According to the United Nations Department of Economic and Social Affairs, the community had a population of 1,132,924 in 2020, making them the world's largest Malaysian diaspora community. [1]