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Malaysia is forecasted to have a nominal GDP of nearly half a trillion US$ by the end of 2024. [25] The labour productivity of Malaysian workers is the third highest in ASEAN and significantly higher than Indonesia, Vietnam, and the Philippines. [26] Malaysia excels above similar income group peers in terms of business competitiveness and ...
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8]Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])
The economy of Sarawak is the fourth-largest of the states of Malaysia, making up 9.3% of the Malaysian gross domestic product (GDP) in 2022. [3] Meanwhile, Sarawak is home to 7.9% of the Malaysian population (2.56 million out of 32.4 million people in Malaysia) based on the 2020 census.
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 Ministry of Natural Resources and Environmental Sustainability (Malay: Kementerian Sumber Asli dan Kelestarian Alam) is a ministry of the Government of Malaysia that is responsible for natural resources, environment, climate change, land, mines, minerals, geoscience, biodiversity, wildlife, national parks, forestry, surveying, mapping and ...
The Ministry of Economy (Malay: Kementerian Ekonomi) is a ministry of the Government of Malaysia that is responsible for economy planning, statistics and socioeconomy planning. Organization [ edit ]
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]
Launched on 21 September 2010, [1] it is a comprehensive economic transformation plan to propel Malaysia's economy into high income economy. The program will lift Malaysia's gross national income (GNI) to US$523 billion by 2020, and raise per capita income from US$6,700 to at least US$15,000, meeting the World Bank's threshold for high income nation. [2]