Malaysia is a An organisation which has been formed by the joining togethe... of 13 states and three federal territories in Southeast Asia. It consists of two regions separated by the South China Sea and is bordered by Brunei, Indonesia, and Thailand. Malaysia has strategic location along Strait of Malacca and southern South China Sea. The government system is a constitutional monarchy; the chief of state is the king, and the head of government is the prime minister. Malaysia has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Malaysia is a member of the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), and the Trans-Pacific A business which is owned by two or more people, all sharing... (TPP).
The NAJIB administration is continuing efforts to boost domestic demand and reduce the economy’s dependence on exports. Nevertheless, exports – particularly of electronics, oil and gas, palm oil, and rubber – remain a significant driver of the The management of money, currency and trade of a nation. The.... Gross exports of goods and services constitute more than 80% of GDP. The oil and gas sector supplied about 29% of government revenue in 2014. As an oil and gas exporter, Malaysia has previously profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with sustained Allocation of funds or the estimation of costs for a departm... deficits, has forced Kuala Lumpur to begin to address fiscal shortfalls, through initial reductions in energy and sugar subsidies and the announcement of the 2015 implementation of a 6% goods and services A fee imposed by a government on personal or corporate incom.... Falling global oil prices in the second half of 2014 have strained government finances, shrunk Malaysia’s A bank account which can be used to make deposits, withdrawa... surplus and put downward pressure on the ringgit. The government is trying to lessen its dependence on state oil producer Petronas.
Malaysia experienced an economic boom and underwent rapid development during the late 20th century and has GDP For each person in the population. Per head. An expression o... (nominal) of US$11,062.043 in 2014, and is considered a newly industrialised country. In 2009, the PPP GDP was US$383.6 billion, about half the 2014 amount, and the PPP For each person in the population. Per head. An expression o... GDP was US$8,100, about one third the 2014 amount. In 2014, the Household Income Survey undertaken by the government indicated that there were 7 million households in Malaysia, with an average of 4.3 members in each household. The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012.
- Country ISO3 : MYS
- Country Code : 458
- Income Group : Upper Middle Income
- Lending Category : IBRD
- Region : East Asia and Pacific
- Currency Unit: Ringgit
- WTO Member : Yes
- The buying and selling or exchange of goods and services. Th... organisations : APEC, ASEAN, IOR-ARC, WTO
- world rank : 29
- Regional Ranking : 8th in the Asia–Pacific Region