economy of Malaysia

GXEX1413: Introduction to MALAYSIA

GXEX1413: Introduction to MALAYSIA

Topic: Malaysian Economy

University of Malaya 2014/2015

1HUTOMO DANU SAPUTROADDINA HADIMUSTAFA ENES KIRMACHISALEM BARAGAARATU NIDA SAKINAH JOHANNABILAH BINTE OMARNUR HIDAYAH BT ROSLEENIA DWI CHAYANTIMembers:MA LAY SIA MA LEI SIEIs a federal constitutional monarchy located in Southeast Asia. It consists of 13 states and 3 federal territories and has a total landmass of 330,847 square kilometres separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia.

Malaysia in f a c t sMalaysia is a highly open upper-middle income economy. Malaysia was one of 13 countries identified by the WORLD BANK in its 2008 Growth Reportto have recorded average growth of more than 7 percent per year for 25 years or more.Source: WorldBank Stats 2013GDPUSD 312.5 billion(2013)GDP per capitaUSD 10,500 (2013)Exports/GDP83 percent (2013)Doing Business 2015 Ranking18th(out of 189economies)Poverty Rate (share of householdsbelow the national poverty line)1.0 percent (2014)Gini coefficient (income)0.41 (2014)Unemployment rate2.9 percent (2014)In a short

The economy of Malaysia the third largest in Southeast Asia, after the much more populous Indonesia and Thailand, and 28th largest in the world. Malaysia is also the third richest in Southeast Asia by GDP per capita values, after the city-states of Singapore and Brunei. In 2014-2015, Malaysia's economy was one of the most competitive in Asia, ranking 6th in Asia and 20th in the world, higher than countries like Australia, France and South KoreaMinistry of finance malaysiaLocated in PUTRAJAYAForefront Institution in Malaysia that doing Fiscal Policy

Central bank of malaysiaLocated in Kuala LumpurAs the only ONE bank in the country which prints the national currency, which usually serves as the state's legal tender.

Dr. Zeti AkhtarGovernor

The currencyRINGGIT MALAYSIA (RM/ MYR)On 12 June 1967, the Malaysian dollar(M$), issued by the new central bank, Bank Negara, replaced the Malaya and British Borneo dollar at par.the new dollar was originally valued at 8.57 dollars per 1 British pound sterlingIn 1993, the currency symbol "RM" (Ringgit Malaysia) was introduced to replace the use of the dollar sign "M$".