Economy of Malaysia

The [[economy]] of [[Malaysia]]<!-- DO NOT BOLD, see [[WP:SDE]] --> is an [[Developing country|emerging and developing]], [[List of countries by GNI (nominal) per capita|upper-middle income]], highly [[industrialized|industrialised]], [[mixed economy]]. It ranks the [[List of countries by GDP (nominal)|36th largest]] in the world in terms of [[nominal GDP]], however, when measured by purchasing power parity, its GDP climbs to the [[List of countries by GDP (PPP)|30th largest]]. Malaysia is forecasted to have a nominal GDP of nearly half a trillion [[US$]] by the end of 2024. <ref>{{Cite web |title=Report for Selected Countries and Subjects |url=https://www.imf.org/en/Publications/WEO/weo-database/2022/April/weo-report?c=512,914,612,171,614,311,213,911,314,193,122,912,313,419,513,316,913,124,339,638,514,218,963,616,223,516,918,748,618,624,522,622,156,626,628,228,924,233,632,636,634,238,662,960,423,935,128,611,321,243,248,469,253,642,643,939,734,644,819,172,132,646,648,915,134,652,174,328,258,656,654,336,263,268,532,944,176,534,536,429,433,178,436,136,343,158,439,916,664,826,542,967,443,917,544,941,446,666,668,672,946,137,546,674,676,548,556,678,181,867,682,684,273,868,921,948,943,686,688,518,728,836,558,138,196,278,692,694,962,142,449,564,565,283,853,288,293,566,964,182,359,453,968,922,714,862,135,716,456,722,942,718,724,576,936,961,813,726,199,733,184,524,361,362,364,732,366,144,146,463,528,923,738,578,537,742,866,369,744,186,925,869,746,926,466,112,111,298,927,846,299,582,487,474,754,698,&s=NGDPD,&sy=2022&ey=2022&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |access-date=2022-05-18 |website=IMF |language=en |archive-date=21 May 2022 |archive-url=https://web.archive.org/web/20220521132129/https://www.imf.org/en/Publications/WEO/weo-database/2022/April/weo-report?c=512,914,612,171,614,311,213,911,314,193,122,912,313,419,513,316,913,124,339,638,514,218,963,616,223,516,918,748,618,624,522,622,156,626,628,228,924,233,632,636,634,238,662,960,423,935,128,611,321,243,248,469,253,642,643,939,734,644,819,172,132,646,648,915,134,652,174,328,258,656,654,336,263,268,532,944,176,534,536,429,433,178,436,136,343,158,439,916,664,826,542,967,443,917,544,941,446,666,668,672,946,137,546,674,676,548,556,678,181,867,682,684,273,868,921,948,943,686,688,518,728,836,558,138,196,278,692,694,962,142,449,564,565,283,853,288,293,566,964,182,359,453,968,922,714,862,135,716,456,722,942,718,724,576,936,961,813,726,199,733,184,524,361,362,364,732,366,144,146,463,528,923,738,578,537,742,866,369,744,186,925,869,746,926,466,112,111,298,927,846,299,582,487,474,754,698,&s=NGDPD,&sy=2022&ey=2022&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |url-status=live }}</ref> The [[labour productivity]] of Malaysian workers is the 62nd highest in the world and significantly higher than [[China]], [[Indonesia]], [[Vietnam]], and the [[Philippines]].<ref>{{Cite web|title=Regional Study on Labour Productivity|url=https://ilostat.ilo.org/topics/labour-productivity/}}</ref>

The [[economy]] of [[Malaysia]]<!-- DO NOT BOLD, see [[WP:SDE]] --> is an [[Developing country|emerging and developing]], [[List of countries by GNI (nominal) per capita|upper-middle income]], highly [[industrialized|industrialised]], [[mixed economy]]. It ranks the [[List of countries by GDP (nominal)|36th largest]] in the world in terms of [[nominal GDP]], however, when measured by purchasing power parity, its GDP climbs to the [[List of countries by GDP (PPP)|30th largest]]. Malaysia is forecasted to have a nominal GDP of nearly half a trillion [[US$]] by the end of 2024. <ref>{{Cite web |title=Report for Selected Countries and Subjects |url=https://www.imf.org/en/Publications/WEO/weo-database/2022/April/weo-report?c=512,914,612,171,614,311,213,911,314,193,122,912,313,419,513,316,913,124,339,638,514,218,963,616,223,516,918,748,618,624,522,622,156,626,628,228,924,233,632,636,634,238,662,960,423,935,128,611,321,243,248,469,253,642,643,939,734,644,819,172,132,646,648,915,134,652,174,328,258,656,654,336,263,268,532,944,176,534,536,429,433,178,436,136,343,158,439,916,664,826,542,967,443,917,544,941,446,666,668,672,946,137,546,674,676,548,556,678,181,867,682,684,273,868,921,948,943,686,688,518,728,836,558,138,196,278,692,694,962,142,449,564,565,283,853,288,293,566,964,182,359,453,968,922,714,862,135,716,456,722,942,718,724,576,936,961,813,726,199,733,184,524,361,362,364,732,366,144,146,463,528,923,738,578,537,742,866,369,744,186,925,869,746,926,466,112,111,298,927,846,299,582,487,474,754,698,&s=NGDPD,&sy=2022&ey=2022&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |access-date=2022-05-18 |website=IMF |language=en |archive-date=21 May 2022 |archive-url=https://web.archive.org/web/20220521132129/https://www.imf.org/en/Publications/WEO/weo-database/2022/April/weo-report?c=512,914,612,171,614,311,213,911,314,193,122,912,313,419,513,316,913,124,339,638,514,218,963,616,223,516,918,748,618,624,522,622,156,626,628,228,924,233,632,636,634,238,662,960,423,935,128,611,321,243,248,469,253,642,643,939,734,644,819,172,132,646,648,915,134,652,174,328,258,656,654,336,263,268,532,944,176,534,536,429,433,178,436,136,343,158,439,916,664,826,542,967,443,917,544,941,446,666,668,672,946,137,546,674,676,548,556,678,181,867,682,684,273,868,921,948,943,686,688,518,728,836,558,138,196,278,692,694,962,142,449,564,565,283,853,288,293,566,964,182,359,453,968,922,714,862,135,716,456,722,942,718,724,576,936,961,813,726,199,733,184,524,361,362,364,732,366,144,146,463,528,923,738,578,537,742,866,369,744,186,925,869,746,926,466,112,111,298,927,846,299,582,487,474,754,698,&s=NGDPD,&sy=2022&ey=2022&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |url-status=live }}</ref> The [[labour productivity]] of Malaysian workers is the 62nd highest in the world and significantly higher than [[China]], [[Indonesia]], [[Vietnam]], and the [[Philippines]].<ref>{{Cite web|title=Regional Study on Labour Productivity|url=https://ilostat.ilo.org/topics/labour-productivity/}}</ref>

Malaysia excels above similar income group peers in terms of business competitiveness and innovation. [[Global Competitiveness Report]] 2025 ranks Malaysia economy as the 23rd most competitive country economy in the world and 2nd most competitive country in Southeast Asia after [[Singapore]]<ref>{{cite web|url=https://www.imd.org/centers/world-competitiveness-center/rankings/world-competitiveness/|title=The Global Competitiveness Report 2024|accessdate=2022-06-09|website=IMD World Competitiveness Center|language=en|archive-date=6 October 2023|archive-url=https://web.archive.org/web/20231006153740/https://www.imd.org/centers/world-competitiveness-center/rankings/world-competitiveness|url-status=live}}</ref> while [[Global Innovation Index]] 2024 ranks Malaysia as the 33rd most innovative nation globally.<ref>{{cite web|url=https://www.wipo.int/web-publications/global-innovation-index-2024/en/|title=Global Innovation Index 2024|accessdate=2024-09-28|website=World Intellectual Property Organization (WIPO)|language=en}}</ref>

Malaysia excels above similar income group peers in terms of business competitiveness and innovation. [[Global Competitiveness Report]] 2025 ranks Malaysia economy as the 23rd most competitive country economy in the world and 2nd most competitive country in Southeast Asia after [[Singapore]]<ref>{{cite web|url=https://www.imd.org/centers/world-competitiveness-center/rankings/world-competitiveness/|title=The Global Competitiveness Report 2024|accessdate=2022-06-09|website=IMD World Competitiveness Center|language=en|archive-date=6 October 2023|archive-url=https://web.archive.org/web/20231006153740/https://www.imd.org/centers/world-competitiveness-center/rankings/world-competitiveness|url-status=live}}</ref> while [[Global Innovation Index]] 2024 ranks Malaysia as the 33rd most innovative nation globally more higher than [[Slovenia]], [[Hungary]], [[Poland]]<nowiki/>and [[Brazil]]<ref>{{cite web|url=https://www.wipo.int/web-publications/global-innovation-index-2024/en/|title=Global Innovation Index 2024|accessdate=2024-09-28|website=World Intellectual Property Organization (WIPO)|language=en}}</ref>

Malaysia is the [[List of countries by trade-to-GDP ratio|35th most trade intensive economy]] globally; higher than [[Denmark]], [[Norway]], [[Germany]], and [[Sweden]] with total trade activities at 132% of its GDP.<ref>{{cite web|url=https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS?locations=MY |title=Malaysia - Trade (% Of GDP) |accessdate=2024-06-20|website= data.worldbank.org|language=en}}</ref> In addition, the Malaysian economy has developed vertical and horizontal integration across several export linked industry while capturing a significant global market share for manufactured products and commodities ranging from [[integrated circuit]], [[semiconductor]], and [[palm oil]] to [[liquefied natural gas]]. Furthermore, Malaysia is an important nexus in the global semiconductor market and is the third largest exporter of semiconductor devices in the world.<ref>{{cite web|url=https://oec.world/en/profile/hs/semiconductor-devices/|title=Semiconductor Devices|accessdate=2024-06-20|website= Observatory for Economics Complexity |language=en}}</ref> Malaysia has unveiled plan to target over US$100 billion in investment for its semiconductor industry as it positions itself as a global manufacturing hub.<ref>{{cite news|url=https://www.reuters.com/world/asia-pacific/malaysia-pm-says-targeting-over-100-bln-investment-semiconductor-chips-2024-05-28/|title=Malaysia targets over $100 bln in semiconductor industry investment |accessdate=2024-06-20|website= reuters.com|language=en}}</ref>

Malaysia is the [[List of countries by trade-to-GDP ratio|35th most trade intensive economy]] globally; higher than [[Denmark]], [[Norway]], [[Germany]], and [[Sweden]] with total trade activities at 132% of its GDP.<ref>{{cite web|url=https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS?locations=MY |title=Malaysia - Trade (% Of GDP) |accessdate=2024-06-20|website= data.worldbank.org|language=en}}</ref> In addition, the Malaysian economy has developed vertical and horizontal integration across several export linked industry while capturing a significant global market share for manufactured products and commodities ranging from [[integrated circuit]], [[semiconductor]], and [[palm oil]] to [[liquefied natural gas]]. Furthermore, Malaysia is an important nexus in the global semiconductor market and is the third largest exporter of semiconductor devices in the world.<ref>{{cite web|url=https://oec.world/en/profile/hs/semiconductor-devices/|title=Semiconductor Devices|accessdate=2024-06-20|website= Observatory for Economics Complexity |language=en}}</ref> Malaysia has unveiled plan to target over US$100 billion in investment for its semiconductor industry as it positions itself as a global manufacturing hub.<ref>{{cite news|url=https://www.reuters.com/world/asia-pacific/malaysia-pm-says-targeting-over-100-bln-investment-semiconductor-chips-2024-05-28/|title=Malaysia targets over $100 bln in semiconductor industry investment |accessdate=2024-06-20|website= reuters.com|language=en}}</ref>