Page 364 - Westport Guide To Malaysia

356 MALAYSIA MEANS BUSINESS
At the heart of global affairs. Prime Minister Dato’ Sri Ismail Sabri Yaakob (centre) and Foreign Minister Dato’ Sri Saifuddin Abdullah (left) attending the 13th Asia-Europe Meeting (ASEM13), held via video conferencing in Phnom Penh, Cambodia. ASEM is an informal dialogue and cooperation platform between Asia and Europe. With its 53 members (30 European and 21 Asian countries plus the EU and the ASEAN Secretariat), it is the biggest international gathering of leaders after the UN General Assembly.
materials, a capable and determined workforce and a well-developed financial sector.
Malaysia Today - The Facts at a Glance
· Malaysia's economy
has grown rapidly
and continuously since independence, and its GDP per capita (PPP) reached an all-time high of US$28,634 in 2019 (average GDP per capita from 1990 to 2016 was USD18,757), making it an upper-middle-income country.
· Malaysia is ranked 12th
out of 120 countries by the World Bank Doing Business Report for 2022, and 2nd in Southeast Asia,
for ease of doing business. · The Swiss Institute
of Management Development (IMD) ranks Malaysia 25th worldwide for business competitiveness in 2021.
· Malaysia is rated 27th by the World Economic Forum in its Global Competitiveness Report 2019.
· According to UNCTAD, Malaysia is one of the world's top 25 trading nations (2020).
· Malaysia ranks 23rd
out of 163 countries surveyed by the Institute for Economics and Peace (IEP) for the Global Peace Index (GPI) 2021 report.
15 countries in the East Asia and Pacific Region and 54th out of 139 globally for Rule of Law, according to the World Justice Project (WJP) Rule of Law Index 2021.
· These rankings have not been achieved at the expense of the natural environment. The Yale University Environmental Performance Index 2021 ranked Malaysia 75th out of 180 countries.
Malaysia's Success
Political Stability & Leadership
Malaysia has had, since achieving independence, a multi-party parliamentary
· Malaysia ranks 7th out of system and a freely-