Doing Business in Malaysia
Published in April 2019
The territories on the Peninsular of Malaysia were first unified as the Malayan Union in 1946. Malaysia achieved independence in 1957. Malaya united with North Borneo, Sarawak, and Singapore on 16 September 1963 to become Malaysia.
Malaysia has a total landmass of 330,803 square kilometres separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia. Peninsular Malaysia shares a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam.
The capital city of Malaysia is Kuala Lumpur, while Putrajaya is the seat of the federal government. With a population of over 30 million, Malaysia is the 44th most populous country.
The government system is closely modeled on the UK Westminster parliamentary system and the legal system is based on common law. The head of state is the king, known as the Yang di-Pertuan Agong. The countries official language is Bahasa Malaysia or commonly known as Malay language. English remains as an active second language.
Malaysia has GDP growth of an average of 6.5% per annum for almost 50 years. The economy has traditionally been fuelled by its natural resources, but is expanding in the sectors of science, tourism, commerce and medical tourism.
Mayalsia’s citizens are entitled to free public education up to secondary education level and public tertiary education fees are subsidised as much as 90%. Malaysia’s market economy, ranked 4th largest in Southeast Asia and 38th largest in the world.
Malaysia is the 18th largest export economy in the world and the 22nd most complex economy according to the Economic Complexity Index. In 2015, Malaysia exported $254B and imported $175B, resulting in a positive trade balance of $78.8B.
In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:
• The World Bank
• The observatory of Economic Complexity
The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.
Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.