Economy of Malaysia

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Malaysia has an upper-middle income, newly industrialised, developing economy, which is relatively open and state oriented. It ranks as the 34th largest in the world in terms of nominal GDP and 28th largest by purchasing power parity (PPP). It has a labour workforce of 17.51 million with the labour productivity of Malaysian workers being the 62nd highest in the world and significantly higher than China, Indonesia, Vietnam, and the Philippines. Using GDP per hour worked (GDP constant 2021 international $ at PPP) in 2025 from International Labour Organisation statistic, when compared to its regional peers, a Malaysian worker is nearly 100% more productive than an average South East Asian worker, generating GDP output per hour at US$30.41 per Malaysian worker compared to US$15.57 per hour for an average South East Asian worker. The Malaysian economy has developed vertical and horizontal integration across several export linked industries while capturing a significant global market share for...

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