Economy of Malaysia

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Actually the economy of the Malaysia is state oriented and is newly industrialized market economy. The country of Malaysia has one of the best records in Asia with having a GDP which is growing with an annual average of 6.5 percent from the years 1957 to 2005. In the year of 2010, the GDP of per capita was US $414.400 billion and in the year 2010, Malaysia was considered as the third largest economy in the Asia and was having 29th largest economy in the world. In the year 1970, the economy of Malaysia began transition which was towards a more multi sector economy.

 

In the 1980s the industrial sector led the Malaysian growth and the very high levels of the investment played a very important role in this. After the Asian Financial Crisis in the year 1997, the economy of Malaysia recovered to its height. Actually the international trade that includes Malacca shipping route is the best key sectors for the Malaysian economy. Malaysia is also an exporter of the agricultural and natural resources and is also the most valuable exporter of the petroleum. A time came when Malaysia was the largest producer in the world of the Tin, palm oil and rubber.

 

For more information about Study in Malaysia please visit here:
http://study.result.pk/study-abroad/study-malaysia/

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