Malaysia has a population of over 31 million people and a GDP that reached USD 358.6 billion in 2018. The GDP per capita in Malaysia was $11,373.23 in 2018. There was a decline in the unemployment rate in Malaysia over the last few years. In 2018, about 3.36% of the Malaysian population was unemployed, According to The World Bank. Kuala Lumpur is the capital and biggest city in Malaysia and home to many of its manufacturing plants, as well as the famed Petronas twin towers.
One thing that Malaysia has to its advantage is the fact that the country’s labor productivity is much higher than many of the neighboring countries, including Indonesia and the Philippines. Knowledge-based industries and the implementation of cutting edge technologies – these are the factors that often put Malaysia at the top list of countries when looking at economic growth, as well as export opportunities.