Official Name: | Malaysia |
Sovereign Status: | Sovereign Country |
Government Type: | Federal Parliamentary Constitutional Monarchy |
Official Name (Local Language): | Malaysia |
ISO Country Codes: | MY : MYS |
Internet Domain: | .my |
Government Web Site: | https://www.malaysia.gov.my/ |
Capital: | Kuala Lumpur | Main Airports: | Kuala Lumpur International Airport |
Language(s): | Bahasa Malaysia; English | Population: | 33,871,431 |
Currency: | Malaysian Ringgit | ISO Currency Code: | MYR |
Telephone Dial In: | +60 | ID Prefix: | 00 |
Government Website: | https://www.malaysia.gov.my/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/malaysia |
Central Bank: | Bank Negara Malaysia |
Currency USD Exchange Rate: | 4.064 ringgits (MYR) per US dollar (2020 est.) |
Unemployment Rate: | 3.3% (2019 est.) |
Population below poverty line: | 5.6% (2018 est.) |
Inflation Rate: | 0.6% (2019 est.) |
Prime Lending Rate: | 3.51% (Dec-20 - TradingEconomics) |
GDP: | $884.106 billion (2021 est.) |
GDP Pro Capita (PPP): | $26,300 (2021 est.) |
Currency Name: | Malaysian Ringgit |
Currency Code: | MYR |
World Bank Classification: | Upper-Middle-Income Economy |
GDP Composition:
Agriculture: | 8.2% | Palm oil, rubber, cocoa, rice, timber; pepper |
Industry: | 37.8% | rubber and oil palm processing and manufacturing, petroleum and natural gas, light manufacturing, pharmaceuticals, medical technology, electronics and semiconductors, timber processing; logging, petroleum and natural gas production; Sarawak - agriculture |
Services: | 54% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English; Malay |
Customs & Excise: | Royal Malaysia Customs Department. |
Development Bank(s): | Asian Development Bank; Malaysia Development Bank; Islamic Development Bank; Asian Infrastructure Investment Bank; |
National Standards Bureau: | Standards Malaysia |
Competitive Ind’l Performance: 27/141 (2019) | Corruption Perceptions Index: 61/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: 37/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
Eximbank: Export-Import Bank of Malaysia Berhad ;
Export Promotion Agency: Malaysia External Trade Development Corporation ; Investment Agency: Invest Selangor Berhad ; Kulim Technology Park Corp. ; Malaysian Industrial Development Authority ;
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