Page 21 - The Guide To Sarawak
P. 21
THE GUIDE TO SARAWAK
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demonstrations are subject to careful control.
Economy & Business
Malaysia has a vibrant market economy which is the 28th largest in the world, with an overall GDP of US$305 billion and a per- capita GDP of US$10,432
in 2012, according to the World Bank. The country
is working hard to achieve the status of a High Income Economy by 2020 and Developed Nation status
in line with former Prime Minister, Tun Dr Mahathir Mohamad’s Vision 2020.
While originally based on commodities, especially tin and rubber, the Malaysian economy has developed rapidly over the last 40 years to become a major
Malaysia is a strong advocate of sustainable energy, as shown by the solar farm in Bukit Palong, Negeri Sembilan.
manufacturing economy. It is now one of the world’s largest producers of electronic components, electrical goods, solar panels, and information and communication technology (ICT) products. Nevertheless, commodities
remain important, especially oil and gas, oil palm and rubber.
Services are also important, especially tourism, with Malaysia ranked 9th on the list of the world’s most visited countries, and Malaysia
Kuala Lumpur’s dramatic skyline, with the world-famous Petronas Twin Towers in the centre and the KL Tower to the right.
