Friday, March 11, 2011

Malaysia GDP Growth Rate

The Gross Domestic Product (GDP) in Malaysia expanded 1.5 percent in the fourth quarter of 2010 over the previous quarter. From 2000 until 2010, Malaysia's average quarterly GDP Growth was 1.20 percent reaching an historical high of 5.70 percent in September of 2009 and a record low of -7.80 percent in March of 2009. Malaysia is a rapidly developing economy in Asia. Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. The Government of Malaysia is continuing efforts to boost domestic demand to wean the economy off of its dependence on exports. Nevertheless, exports - particularly of electronics - remain a significant driver of the economy.

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