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
|GNI per capita, PPP||26,140.00||24,860.00||26,140.00||International $|
|GNI, PPP||792.95||743.49||792.95||International $ 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|
|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|
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), 2005|