Asian Development Bank and Malaysia: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Malaysia as well as concise information on ADB's operations in the country and contact information. Malaysia, considered a middle-income country, has committed itself to becoming a developed country by 2020. This is the cornerstone of the Ninth Malaysia Plan (2006–2010), which also targets the elimination of hardcore poverty and a reduction in overall poverty incidence by 50%. This national commitment follows the country’s strong economic performance with real gross domestic product (GDP) growing an average of 5.9% per year over the four years to 2006. The economy has benefited from strong growth in world consumer demand for electronic products. As a net petroleum exporter, high crude oil prices have also provided revenues that have helped mitigate the broad negative impacts of high energy prices. The Government is focusing on policies and investment plans.