Malaysia's Economy...

Economy - overview:
Malaysia, a middle-income country, has transformed itself since the 1970s 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, medical technology, and pharmaceuticals. The NAJIB administration also is continuing efforts to boost domestic demand and to wean the economy off of its dependence on exports. Nevertheless, exports - particularly of electronics - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with strained government finances, has forced Kuala Lumpur to reduce government subsidies. The government is also trying to lessen its dependence on state oil producer Petronas, which supplies at least 40% of government revenue. The central bank maintains healthy foreign exchange reserves and its well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments and the global financial crisis. Nevertheless, decreasing worldwide demand for consumer goods hurt Malaysia's exports and economic growth in 2009, although both showed signs of recovery in 2010. In order to attract increased investment, NAJIB has also sought to revise the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but he has encountered significant opposition, especially from Malay nationalists.
GDP (purchasing power parity):
$416.4 billion (2010 est.)
country comparison to the world: 30

$388.8 billion (2009 est.)

$395.5 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$219 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
7.1% (2010 est.)
country comparison to the world: 18

-1.7% (2009 est.)

4.7% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$14,700 (2010 est.)
country comparison to the world: 78

$14,000 (2009 est.)

$14,500 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 9.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 41.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 49.3% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
11.62 million (2009 est.)
country comparison to the world: 45
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 13%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 36%
[see also: Labor force - by occupation - industry country ranks ]
services: 51% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
3.5% (2010 est.)
country comparison to the world: 28

3.7% (2009 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
5.1% (2002 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 28.5% (2005 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
46.1 (2002)
country comparison to the world: 36

49.2 (1997)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
20.1% of GDP (2009 est.)
country comparison to the world: 85
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $49.69 billion
[see also: Budget - revenues country ranks ]
expenditures: $62.91 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
52.6% of GDP (2010 est.)
country comparison to the world: 48

53.3% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
1.8% (2010 est.)
country comparison to the world: 50

0.6% (2009 est.)
note: approximately 30% of goods are price-controlled
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1% (31 December 2009)

NA% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
5.08% (31 December 2009 est.)
country comparison to the world: 136

6.08% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$69.03 billion (31 December 2010 est)

$57 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$337.6 billion (31 December 2010 est.)

$280.7 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$314.7 billion (31 December 2010 est.)
country comparison to the world: 33

$265.2 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$256 billion (31 December 2009)
country comparison to the world: 26

$187.1 billion (31 December 2008)

$325.7 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

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

Industries:
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

Industrial production growth rate:
8.5% (2009 est.)
country comparison to the world: 22
[see also: Industrial production growth rate country ranks ]

Electricity - production:
103.2 billion kWh (2007 est.)
country comparison to the world: 32
[see also: Electricity - production country ranks ]

Electricity - consumption:
99.25 billion kWh (2007 est.)
country comparison to the world: 30
[see also: Electricity - consumption country ranks ]

Electricity - exports:
2.268 billion kWh (2007 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
693,700 bbl/day (2009 est.)
country comparison to the world: 27
[see also: Oil - production country ranks ]

Oil - consumption:
536,000 bbl/day (2009 est.)
country comparison to the world: 31
[see also: Oil - consumption country ranks ]

Oil - exports:
511,900 bbl/day (2007 est.)
country comparison to the world: 30
[see also: Oil - exports country ranks ]

Oil - imports:
314,600 bbl/day (2007 est.)
country comparison to the world: 35
[see also: Oil - imports country ranks ]

Oil - proved reserves:
2.9 billion bbl (1 January 2010 est.)
country comparison to the world: 32
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
57.3 billion cu m (2008 est.)
country comparison to the world: 17
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
26.27 billion cu m (2008 est.)
country comparison to the world: 30
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
31.03 billion cu m (2008 est.)
country comparison to the world: 8
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 98 [see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
2.35 trillion cu m (1 January 2010 est.)
country comparison to the world: 16
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$34.83 billion (2010 est.)
country comparison to the world: 13

$34.08 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$192.8 billion (2010 est.)
country comparison to the world: 25

$157.5 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
electronic equipment, petroleum and liquefied natural gas, wood and wood products, palm oil, rubber, textiles, chemicals

Exports - partners:
Singapore 13.9%, China 12.2%, US 10.9%, Japan 9.8%, Thailand 5.4%, Hong Kong 5.2% (2009)

Imports:
$149.2 billion (2010 est.)
country comparison to the world: 29

$117.3 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
electronics, machinery, petroleum products, plastics, vehicles, iron and steel products, chemicals

Imports - partners:
China 13.9%, Japan 12.5%, US 11.2%, Singapore 11.1%, Thailand 6%, Indonesia 5.3% (2009)

Reserves of foreign exchange and gold:
$104.1 billion (31 December 2010 est.)
country comparison to the world: 14

$96.71 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$62.82 billion (31 December 2010 est.)
country comparison to the world: 47

$58.79 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$77.44 billion (31 December 2010 est.)
country comparison to the world: 43

$74.64 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$82.65 billion (31 December 2010 est.)
country comparison to the world: 27

$75.62 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
ringgits (MYR) per US dollar - 3.2182 (2010), 3.5246 (2009), 3.33 (2008), 3.46 (2007), 3.6683 (2006)

~ From the report aboved, are we satisfied enough with Malaysia's economy?
~ Why Malaysia is not in the list of 10 of development country although Malaysia is more richer than Indonesia? Is it something wrong with Malaysia's economy?