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Malaysia, a middle-income country, has transformed itself from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. NAJIB's Economic Transformation Program (ETP) is a series of projects and policy measures intended to accelerate the country's economic growth.

Malaysia could be vulnerable to a fall in commodity prices or a general slowdown in global economic activity because exports are a major component of GDP. In September 2013, NAJIB launched the new Bumiputra Economic Empowerment Program (BEEP), policies that favour and advance the economic condition of ethnic Malays.

Malaysia assumed the Chairmanship of ASEAN in January 2015. As a result, India-ASEAN Summit as well as East Asia Summit meeting will be held in Malaysia in 2015



At a Glance:



Country Name















Kuala Lumpur



Government type



Constitutional monarchy and parliamentary democracy


Administrative divisions



13 states ( negeri-negeri, singular- negeri) Johor, Kedah, Kelantan, Melaka, Negeri Sembilan, Pahang, Perak, Perlis, Pulau Pinang, Sabah, Sarawak, Selangor, Terengganu; and 1 federal territory ( Wilayah Persekutuan) with three components, city of Kuala Lumpur, Labuan and Putrajaya.



National Holidays



Independence Day 31 August; Malaysia Day 16 September



Fiscal year



Calendar Year






Ringgit (MYR)






Tuanku ABDUL HALIM Mu’adzam Shah (since 13 December 2011)



Prime Minister



Mohamed NAJIB bin Abdul Razak (since 3 April 2009)






30,513,848 (July 2015 est.)



Net migration rate



-0.33 migrant(s)/1,000 population



GDP (purchasing power parity)



$746.1 billion (2014 est.)



GDP- composition by sector



agriculture: 9.3%

industry: 34.7%

services: 56% (2014 est.)



Agriculture- Products



Peninsular Malaysia - palm oil, rubber, cocoa, rice; Sabah - palm oil, subsistence crops; rubber, timber; Sarawak - palm oil, rubber, timber, pepper






Peninsular Malaysia-rubber and oil palm processing and manufacturing, light manufacturing, pharmaceuticals, medical technology, electronics, tin mining and smelting, logging, timber processing; Sabah- logging, petroleum production; Sarawak-  agriculture processing,  petroleum production and  refining, logging.



Major Exports



Semiconductors and electronic equipment, palm oil, petroleum and liquefied natural gas, wood and wood products, palm oil, rubber, textiles, chemicals, solar panels



Major Exports- Partners



China 14.2%, Singapore 13.9%, Japan 10.9%, US 8.2%, Thailand 5.4%, Indonesia 4.5%, Hong Kong 4.2% (2013)



Major Exports- Partners



Electronics, machinery, petroleum products, plastics, vehicles, iron and steel products, chemicals.



Major Import- Partners



China 17%, Singapore 13.2%, Japan 8.5%, US 7.6%, Thailand 5.9%, South Korea 4.6%, Indonesia 4.3% (2013)



Natural resources



Tin, petroleum, timber, copper, iron ore, natural gas,  bauxite







Bahasa Malaysia (Official), English, Chinese  Cantonese, Mandarin, Hokkien, Hakka, Hainan, (Foochow), Tamil, Telegu, Malayalam, Punjabi, Thai


note: in East Malaysia there are several indigenous

 languages; most  widely spoken are Iban and Kadazan



Ethnic groups



Malay 50.1%, Chinese 22.6%, indigenous 11.8%, Indian 6.7%, other 0.7%, non-citizens 8.2% (2010 est.)






Tropical; annual southwest (April to October) and northeast (October to February) monsoons






Southeastern Asia, peninsula bordering Thailand and northern one- third of the island of Borneo, bordering’  Indonesia, Brunei and the South China Sea, south of Vietnam