Malaysia - Facts & Figures

MALAYSIA: KEY ECONOMIC DATA

(page updated as of May 2018)

  • Population: 31.187 million
  • GDP: EUR 269.8 billion
  • GDP (per capita): EUR 8.509
  • GDP (PPP*): EUR 770.1 billion
  • GDP (PPP*, per capita):EUR 24.252
  • Real GDP Growth 2017: 5.9%
  • Consumer Price Index (CPI): 2.0%
  • Labor Force: 14.77 million
  • Unemployment Rate: 3.3%

*PPP – purchasing power parity

 

MALAYSIA: KEY MESSAGES

Despite challenges & global uncertainties, Malaysia continues to strengthen its growth momentum & remain as a competitive investment destination.

Some policy alignments are undertaken to address the misperceptions among investors.

Investments projects realised will have substantial effect on the economy:

  • Forward-and-backward linkages
  • Development of supporting industries
  • Transfer of technologies and R&D
  • Creation of employment opportunities
  • Local sourcing
  • Skills development
  • Generation of foreign exchange earnings

Source: MIDA

 

KEY TRENDS

As per the Ministry of Trade and Industry's (MITI) weekly bulletin on Malaysia's trade perfomance in October 2017, the increase in trade volume amounts to 19.8% with a total value of RM154.3 billion as compared with October 2016. The trade surplus (exports - imports) reached RM 10.6 billion, the highest since April 2016. 

In total, trade for the first 10 months of this year amounts to 1.47 trillion, up 21.5 % as compared with the same period of last year.

In terms of total trade volume from January until October 2017,  Asia stands out as the most important trading partner, With RM 86.5 billion worth of exports Europe is the second largest trading partner before North America (RM 77.1 billion) and Oceania (RM 32.3 billion). Overall growth rates have been underpinned by strong increases in oil palm trade with Malaysia being the largest exporter in 2016. The Netherlands and Italy belong to its top 5 export destinations.

Source: Ministry of International Trade and Industry (MITI). Weekly Bulletin, Volume 464. Published 12th of December 2017. 

 

Malaysia: Trade performance 2017

According to Malaysia External Trade Statistics Malaysia’s trade registered stellar performance in 2017, growing at the highest rate in 13 years. Trade surged by 19.4% to RM1.774 trillion, compared to RM1.486 trillion recorded in 2016.

 

Source: Matrade

 

MAJOR IMPORT SOURCES

Source: Ministry of International Trade and Industry (MITI). Interactive Trade Statistics. Retrieved on December 15th, 2017.

 

MAJOR IMPORTS 2017

Source: Ministry of International Trade and Industry (MITI). Interactive Trade Statistics. Retrieved on December 15th, 2017.

 

MAJOR EXPORTS 2017



Source: Ministry of International Trade and Industry (MITI). Interactive Trade Statistics. Retrieved on December 15th, 2017.

 

MALAYSIA: INVESTMENT OUTLOOK

  • According to Bank Negara Malaysia (BNM) GDP grew 5.9% in 2017 compared with the 4.2% expansion in 2016.
  • The World Trade Organisation projects global growth to moderate to 3.2% in 2018 from 3.6% in 2017.
  • The consensus forecast for Malaysian economic growth in 2018 is within the range of 5.5 to 5.8%.
  • According to BNM, domestic demand will continue to be the anchor of growth, underpinned by private sector activity.
  • BNM projects gross exports and imports to grow at above-average trends in 2018.
  • On the supply side, BNM forecasts all economic sectors to expand in 2018, with the services and manufacturing sectors continuing to be the key drivers of overall growth, and the construction sector is expected to register a stronger expansion.

Source: World Trade Organisation/ Bank Negara Malaysia

Source: MIDA

 

MALAYSIA: FDI STOCK

 

 

Source: MIDA

 

MALAYSIA: INVESTMENT BY SECTOR & SOURCE

"The Services sector continued to lead with investments of RM 121.0 billion followed by the Manufacturing and Primary sectors."

Primary sector includes: Agriculture, Mining, Plantation & Commodities

Source: MIDA

 

MALAYSIA: APPROVED FOREIGN INVESTMENT BY SECTOR

Source: MIDA 

 

MALAYSIA: SOURCES OF FDI

MANUFACTURING

"In terms of foreign investments, the top sources were Switzerland, Netherlands, Singapore, Hong Kong and Germany. These five countries jointly accounted for 63.4% of total foreign investments approved in the manufacturing sector."

Source: MIDA

 

MALAYSIA: WAY FORWARD 2018

ADVOCATING STRATEGIES

  • Continuous efforts to develop and enhance synergistic partnerships between MNCs and local companies - MIDA Supply Chain Conferences in targeted industry sectors
  • Intensifying promotion of high quality projects with focus on R&D, productivity, green technology and other quality features to locate in Malaysia
  • Adopting and adapting to the Fourth Industrial Revolution/ Industry 4.0 or the Smart Manufacturing revolution
  • Actualising 11 MP's investment strategies in the Manufacturing sector's "3+2" catalytic and growth sectors
  • Leveraging on FTA Networks and AEC in making Malaysia an investment gateway and to gain better market access
  • Strategic handholding efforts to actualise the implementation of aprroved projects and continuous facilitation of companies' post implementation
  • Strategic direct engagements with the private sector and relevant stakeholders for Future-ready Malaysia

Source: MIDA

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