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Malaysia

Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. After coming to office in 2003, former Prime Minister ABDULLAH tried to move the economy farther up the value-added production chain by attracting investments in high technology industries, medical technology, and pharmaceuticals, an effort that continues under current Prime Minister NAJIB. The NAJIB administration also is continuing efforts to boost domestic demand and to wean the economy off of its dependence on exports.
Economy of Malaysia
Currency Ringgit
Fiscal Year 01 January - 31 December
GDP (PPP) $381.1 billion (2009 est.)
GDP (per capita) $14.800 (2009 est.)
Exports $156.4 billion (2009 est.)
Imports $119.5 billion (2009 est.)
Main Industries Peninsular Malaysia - Rubber and Oil Palm Processing and Manufacturing, Light Manufacturing, Electronics, Tin Mining and Smelting, Logging, Timber Processing; Sabah - Logging, Petroleum Production; Sarawak - Agriculture Processing, Petroleum Production and Refining, Logging
Exports - Commodities Electronic Equipment, Petroleum and Liquefied Natural Gas, Wood and Wood Products, Palm Oil, Rubber, Textiles, Chemicals
Imports - Commodities Electronics, Machinery, Petroleum Products, Plastics, Vehicles, Iron and Steel Products, Chemicals
Exports Partners Singapore 13.9%, China 12.2%, US 10.9%, Japan 9.8%, Thailand 5.4%, Hong Kong 5.2% (2009 est.)
Imports Partners China 13.9%, Japan 12.5%, US 11.2%, Singapore 11.1%, Thailand 6%, Indonesia 5.3%, South Korea 4.6%, Taiwan 4.2%, Germany 4.2% (2009 est.)