Malaysia Economy comes under East Asia and the pacific region, according to the classification of economies by region and income for the year 2005 by World Bank.
In the World Bank parlance, it is an upper middle-income country with GNI per capita reaching 3,780. Malaysia Economy is modestly populated and endowed with abundant natural resources. This country is the largest producer of rubber, palm oil and tin, and have began recently to exploit plentiful reserves of oil and timber.
Malaysia Economy: Demography And Social Indicators
According to the department of Statistics Malaysia, the total population has reached at 26.38 million in the fourth quarter of 2005.The annual growth rate of population in Malaysia is falling. The annual growth rate was at 2.4 percent in 2000, 1.9 percent in 2003 and further fell to 1.7 percent in 2004. The life expectancy (years) in the year 2003 was at 73. The infant mortality rate (per one thousand life births) was 7 in the year 2003.
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The density of population per square kilometer was at 75 in 2003. The annual average growth (1998-2004) rate of labor force was at 2.4 percent.
Malaysia Economy: Economic Indicators
The Malaysia Economy had expanded strongly in the year 2004. A moderate growth was being marked in the year 2005 and 2006. The real growth was increased by 7.1% in 2004 from a relatively lower rate of 5.3% in 2003.Following a robust growth in first of 2004 averaging 8 percent, the pace of economic activity slowed in the third quarter to 6.7 percent.
In the year 2004 GNI (atlas method) was at $ 117.1 billion (In current US). GNI percapita was at $ 4650.0 (Current US). The following diagram shows the absolute value of Gross domestic product in different years.
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