Malaysia Country profile


January 2020

Malaysia has an impressive economic development record. Since independence in 1957, it has expanded manufacturing, services and tourism industries to complement the country’s competitive resource sector. It is a high middle-income, export-oriented economy. Relative to emerging and developing Asia, Malaysia has a stronger credit rating, higher per capita incomes and more conducive business environment. Real GDP grew on average 5.3% per year over the ten years to 2019.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2020 and 2024 as provided by the IMF. Annual GDP growth is the five-year average between 2020 and 2024. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.