Malaysia Company Registration Service
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Malaysia has a newly industrialised market economy, which is relatively open and state-oriented. The state plays a significant, but declining role in guiding economic activity through macroeconomic plans. In 2012, the economy of Malaysia was the third largest economy in South East Asia behind more populous Indonesia and Thailand and 29th largest economy in the world by purchasing power parity with gross domestic product stands at US$492.4 billion and per capita US$16,922. In 2010, GDP per capita (PPP) of Malaysia stood at US$14,700.In 2009, the PPP GDP was US$383.6 billion, and the PPP per capita GDP was US$8,100.
The Southeast Asian country experienced an economic boom and underwent rapid development during the late 20th century and has GDP per capita of $17,200 today, to be considered a newly industrialised country. On the income distribution, there are 5.8 million households in 2007. Of that, 8.6% have a monthly income below RM1,000, 29.4% had between RM1,000 and RM2,000, while 19.8% earned between RM2,001 and RM3,000; 12.9% of the households earned between RM3,001 and RM4,000 and 8.6% between RM4,001 and RM5,000. Finally, around 15.8% of the households have an income of between RM5,001 and RM10,000 and 4.9% have an income of RM10,000 and above.
As one of three countries that control the Strait of Malacca, international trade plays a large role in its economy. At one time, it was the largest producer of tin, rubber and palm oil in the world.[18] Manufacturing has a large influence in the country's economy. Malaysia is the world's largest Islamic banking and financial centre.
Since it became independent in 1957, Malaysia's economic performance has been one of Asia's best. Real gross domestic product (GDP) grew by an average of 6.5%
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