The Economy of Malaysia
Malaysia at a Glance
Malaysia is a multi-ethnic upper-middle-income economy in Southeast Asia that moved from rubber and tin to electronics, palm oil and services.
Malaysia is a federation of thirteen states and three federal territories, split between the Malay Peninsula and northern Borneo.
People
Its population of around 34 million includes Malays and other indigenous groups, Chinese, Indians and others.
Economy
It is a trading economy with exports of electronics, palm oil, petroleum and gas, and a growing services sector.
Position
Malaysia is richer than most of its neighbours but has struggled to reach high-income status.
Malaysia exports computer chips, cooking oil, liquefied natural gas and rubber gloves.
It has a diverse export base.
- Malaysia is a multi-ethnic federation.
- Exports are diverse.
- Services are growing.
- High-income status remains a goal.
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