Malaysia's economy was one of the most competitive in the world

About Malaysia


Malaysia's economy was one of the most competitive in the world,. In August 2017, the exchange rate value of domestic production at US$ 330 billion making the economy of Malaysia as the 4th largest in Southeast Asia. Malaysia has a newly industrialized market economy, which is relatively open and state-oriented. The Malaysian economy is highly robust and diversified with the export value of high-tech products in 2015 standing at 57.258 billion USD. Real gross domestic product (GDP) is expected to expand between 5-6 percent per annum from 2016-2020, resulting in a 7.9 percent per annum rise in gross national income (GNI) per capita. Malaysia exports the second largest volume and value of palm oil products globally after Indonesia. Kuala Lumpur has a large financial sector, and is ranked the 22nd in the world.



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