Economy of Malaysia
Economy of Malaysia
Currency
1 Ringgit = 100 sen
Fiscal year
Calendar year
Trade
organisations
APEC, ASEAN, WTO
Statistics [1][2]
GDP ranking
29th
GDP
$397.5 billion (2008
est.)
GDP growth
4.6% (2008)
GDP per capita $15,700 (2008 est.)
GDP by sector agriculture: 9.7% in-
dustry: 44.6% services:
45.7% (2008 est.)
Inflation
5.8% (2008 est.)
Pop below
poverty line
3.5% (2007 est.)
Labour force
11.2 million (2008 est.)
Labour force
by occupation
agriculture: (13%), in-
dustry: (36%), services:
(51%) (2005 est.)
Unemployment 3.7% (2008 est.)
Main
industries
Peninsular Malaysia -
rubber and palm oil
processing and manu-
facturing, light manu-
facturing industry, elec-
tronics, tin mining and
smelting, logging and
processing timber
Sabah - Palm oil farm-
ing, tourism, petroleum
production, logging
Sarawak - agriculture
processing, petroleum
production and refin-
ing, logging
Trading Partners [3]
Exports
$195.7 billion f.o.b.
(2008 est.)
Main partners United States 15.6%,
Singapore 14.6%, Japan
9.1%, People’s Republic
of China 8.8%, Thailand
5%, Hong Kong 4.6%
(2007)
Imports
$156.2 billion f.o.b.
(2008 est.)
Main Partners
Japan 13%, People’s Re-
public of China 12.9%,
Singapore 11.5%, Un-
ited States 10.8%,
Taiwan 5.7%, Thailand
5.3%, South Korea
4.9%, Germany 4.6%,
Indonesia 4.2%
Public finances [4]
Public debt
42.7% of GDP (2008
est.)
Revenues
$44.32 billion (2008
est.)
Expenditures
$55.01 billion (2008
est.)
Economic aid
$31.6 million (2005)
Malaysia is a growing and relatively open
economy. In 2007, the economy of Malaysia
was the 29th largest economy in the world by
purchasing power parity with gross domestic
product for 2007 was estimated to be $357.9
billion with a growth rate of 5% to 7% since
2007[1] The Southeast Asian nation experi-
enced an economic boom and underwent rap-
id development during the late 20th century
and has a GDP per capita of $14,400, being
considered a newly
industrialized coun-
try.[2][3] On the income distribution, there
are 5.8 million households in 2007. Of that,
8.6