Malaysia boasts one of South-East Asia’s most vibrant economies, the fruit of decades of industrial growth and political stability. The economy of Malaysia is currently the 3rd largest in the ASEAN region, and is the 25th largest economy in the world by GDP (PPP).
Since gaining independence in 1957, Malaysia has successfully diversified its economy from one that was initially agriculture and commodity-based, to one that now plays host to robust manufacturing and services sectors, that have propelled it to become a leading exporter of electrical appliances, electronic parts and components. Malaysia is one of the most open economies in the world, with a trade to GDP ratio averaging over 130 percent since 2010. Openness to trade and investment have been instrumental in employment creation and income growth, with about 40 percent of jobs in Malaysia linked to export activities. After the Asian financial crisis of 1997-1998, Malaysia’s economy has been on an upward trajectory, averaging growth of 5.4 percent since 2010, and is expected to achieve its transition from an upper middle-income economy to a high-income economy by 2024.
To find out more about Malaysia, please visit:
Ministry of International Trade and Industry (MITI)
Malaysian Investment Development Authority (MIDA)
Malaysia External Trade Development Corporation (MATRADE)
Department of Foreign Affairs and Trade (DFAT)
Malaysia Australia Free Trade Agreement (MAFTA)
Australia Malaysia Joint Declaration of Strategic Partnership
Australian Trade and Investment Commission (Austrade)