Malaysia: Asian Development Bank Member Fact Sheet 2018

Abstract

Malaysia has transformed itself from a nation reliant on natural resources into a middle-income country in which services account for half of total output. However, as an open and trade-reliant economy, Malaysia remains vulnerable to international developments. Keeping a sound current account and fiscal consolidation are medium-term challenges, with the Government of Malaysia continuing efforts to boost domestic demand and investments. The government, elected in May 2018, has also announced new directions toward economic restructuring and enhanced productivity.