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Malaysia GDP

Malaysia has the 33rd largest economy in the world . The gross domestic product (GDP) of Malaysia is $296.22 (USD Billion) and its growth was 4.95% from 2014 to 2015. Its highest GDP was recorded in 2014 and its average GDP in the last 10 years is $261.44 (USD Billion).

Malaysia GDP per capita is $9,766.17 (USD). However, when factoring in purchase power parity (PPP), it becomes $26,891.44 (USD), making it the 44th richest country in the world. The average GDP adjusted to PPP per capita in the last 10 years was $21,811.17 (USD).

In recent years, the economy of Malaysia has become industrialized. It is now defined as a "highly open, upper-middle economy" by the World Bank. Its growth in recent decades has earned it a place among the most affluent countries in Asia. The former Prime Minister of Malaysia, Mahathir Mohamad, has outlined a plan called "Vision 2020", which calls for Malaysia to become a self-sufficient industrialized nation by the year 2020. This could earn the country a place amongst the world's 21st largest economies.

The legal currency in Malaysia is the Malaysian ringgit. It is different into 100 sen and issued by the Bank Negara Malaysia.

Malaysia is home to a wealth of natural resources, particularly rubber and palm oil. Agriculture, forestry, and minerals (tin and petroleum) also play an important role in the economy. Over 36% of Malaysians were employed in the industrial sector in 2012. This can be mainly divided into the realms of electronics, automotive, and construction. Malaysia is also home to a large service sector, with 27 commercial banks in the country. The oil and gas industry is also important, with the national oil company, Petronas, ranked 69th in the world. Malaysia's economy can be classified as diversified.

GDP Of Malaysia Per Year

Malaysia's GDP & Other Economic Statistics

Malaysia GDP Current Previous Highest Unit
GNI per capita, PPP 26,140.00 24,860.00 26,140.00 International $
GNI, PPP 792.95 743.49 792.95 International $ Billion
GNI 287.98 326.70 326.70 USD Billion
Gross domestic savings 96.97 115.81 115.81 USD Billion
GDP per capita, PPP 26,891.44 25,732.27 26,891.44 International $
GDP per capita growth 3.47 4.44 5.67 %
GDP per capita 9,766.17 11,307.07 11,307.07 USD
GDP growth 4.95 5.99 7.43 %
GDP 296.22 338.10 338.10 USD Billion
Services, etc., value added 131.23 173.01 173.01 USD Billion
Industry, value added 115.89 135.10 135.10 USD Billion
Manufacturing, value added 67.55 77.42 77.42 USD Billion
Agriculture, value added 24.97 29.99 34.13 USD Billion
Gross fixed capital formation 77.56 87.84 87.84 USD Billion
Tax revenue 15.61 14.79 15.61 % of GDP
Source: www.worldatlas.com | World Bank

What is Gross Domestic Product (GDP)?

Gross Domestic Product (GDP) is a measure of market value of all final goods and service produced in a yearly period. This page provides the GDP of Malaysia – current values and historical information. The information was last updated 2016.

GDP Of Malaysia vs. Other Countries

Rank Country GDP (USD Billion), 2015
28 Austria 374.06
29 The United Arab Emirates 370.29
30 Egypt 330.78
31 South Africa 312.80
32 Hong Kong 309.93
33 Malaysia 296.22
34 Israel 296.08
35 Denmark 295.16
36 Singapore 292.74
37 Colombia 292.08
38 The Philippines 291.97
The GDP of Malaysia is tabulated by govermental institutions and was last updated on May 9th, 2017.