Content
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Main article: Countries of the world
Population
Population
2022:33 million people
Migration
2021: Net population inflow in 4 years
Marriages
Allowed to have more than one spouse
Son
2018: Average sleep duration 6 hours 40 minutes
Cities
Kuala Lumpur is the capital
Parliament
2022: All-Alay Islamic Party election win
On November 19, 2022, general elections were held in Malaysia, in which the composition of the new 15th parliament of the country was elected. Most of the seats in one of the coalitions - Perikatan Nasional - were won by the country's most conservative organization, the All-Alay Islamic Party (PAS).
Government
Ministry of Communications and Multimedia Technologies of Malaysia
Economy
GDP
2022
Malaysia's share of global PPP GDP reaches 0.67%
Main article: World Economy
GDP size forecast - $0.44 trillion
2021: GDP size - $0.37 trillion
Financial system
Sovereign Wealth Fund
Non-financial debt
2022: Aggregate non-financial debt
National debt
2023: State debt - 66% of GDP
Inflation
2024:2% in May
Food industry
Palm oil
Foreign trade
2023: Trade turnover with Russia reached $3.11 billion in a year
In September 2024, it became known that the trade turnover between Russia and Malaysia in 2023 increased to $3.11 billion, despite the difficult global economic situation. Bilateral trade has seen steady growth, underscoring the importance of trade ties between the two countries, according to the trade department of the Malaysian Embassy in Moscow.
According to Prime, at the end of 2023, Malaysia's exports to Russia increased by 13% and amounted to $619.3 million, while Russian exports to Malaysia increased by 10.8%, reaching $2.49 billion. The main goods supplied by Malaysia to Russia remain industrial products, which confirms a steady interest in high-tech and industrial products of Malaysian production. In turn, Russian supplies to Malaysia include traditional items such as petroleum products, chemical products and other manufactured goods.
According to Malaysian trade attaché Haifil Elmi Jamil, despite the positive growth dynamics, both countries still have the potential to further increase the volume of trade. The President, at Russia Vladimir Putin a meeting with Malaysian Prime Minister Anwar Ibrahim, expressed hope for deepening trade partnership between the countries. Putin noted that the volume of trade in $3.5 billion does not correspond to the opportunities that Russia and Malaysia have, and stressed the need to further develop cooperation.
During the conversation, Anwar Ibrahim confirmed Malaysia's readiness to expand interaction with Russia, especially in light of the upcoming Malaysian presidency of the Association of Southeast Asian Nations (ASEAN) in 2025. He expressed hope for Russia's active participation in the organization's activities and stressed the importance of further deepening economic ties.[1]
2022
China is the largest export destination
Among the leaders in LNG exports
2021
China's seventh largest trading partner
The fifth exporter of liquefied natural gas in the world
Main Article: Liquefied Natural Gas (LNG)
Minerals
2022
Second place in the world in the processing of rare earth metals
LNG exports
2021: Oil Production
Power
2020: Energy consumption per capita
and
R&D
2020: R&D spending - $9.7 billion
Unemployment
2020: Unemployment rate - 4.9%
Incomes of the population
2023: Minimum wage - $289
Agriculture
2019: Average use of pesticides in agriculture
Consumption
2023: Fish consumption is higher than meat consumption
Armed Forces
2021: Defence spending - 1.06% of GDP
Automobile traffic
Malaysia is a left-hand country.
Information Technology and Communications
2024: Malaysia launches chip developer training program. For $5.33 billion they want to prepare 60 thousand engineers
In late May 2024, Malaysian Prime Minister Anwar Ibrahim announced that the country plans to train 60,000 highly skilled engineers in the semiconductor industry to become a global hub for chip manufacturing.
Malaysia is positioning itself as neutral territory for manufacturers with companies diversifying their supply chains amid growing rivalry between the United States and China. According to the national strategy, over the next 5-10 years, the government will allocate at least 25 billion ringgit ($5.33 billion) to train talented specialists and develop local companies. The funds will be provided by Malaysian sovereign wealth funds such as Khazanah Nasional.
 | In collaboration with international companies, we intend to create an ecosystem managed by dynamic Malaysian firms and world-class talent ready to compete regionally and globally, Anwar stated. |  |
The program is expected to train 60,000 specialists to work at various stages of chip production: from design to packaging and testing. Both public universities and corporations will be involved in the training program.
According to Malaysian Investment Development Authority data, the country provides about 13% of chip packaging, assembly and testing services worldwide by May 2024. Training qualified local engineers can be a crucial factor in attracting additional investment. The Malaysian government has already launched stimulus programs to attract the world's leading venture capital firms and technology startups to the country, and thanks to a new education program, hopes to attract 500 billion ringgit through direct domestic and foreign investment.[2]
2023
Chip exports cut after record 2022
In 2023, Malaysia exported semiconductor products worth approximately 575.45 billion ringgit (about $123.49 billion at the exchange rate as of July 26, 2024). This is about 3% less than the result for 2022, when a record value of 593 billion ringgit was recorded. Such data at the end of July 2024 was released by the Malaysian state news agency Bernama.
Malaysia expects to become the new IT hub in Southeast Asia. The country, in particular, is betting on artificial intelligence technologies and big data platforms. Plans to create data centers (data centers) in Malaysia were announced by large American corporations, including Alphabet ( the parent structure of Google), Microsoft and Nvidia. In particular, Google intends to invest about $2 billion in the deployment of data centers and clouds in Malaysia, and Microsoft will spend $2.2 billion for these purposes. In turn, Nvidia, in partnership with YTL Power (the energy division of the Malaysian conglomerate YTL), is implementing a $4.3 billion project to create a high-performance computing platform for AI tasks in the country.
The Malaysian Semiconductor Manufacturers Association (MSIA) aims to increase chip exports to 1.2 trillion ringgit (approximately $257 billion) by 2030. This will allow the country to hold the position of the sixth largest chip exporter in the world. It is expected that the CAGR (average annual growth rate in complex percentages) in the export of chips by 2030 will be 7.6%.
To achieve its goal, Malaysia will focus on expanding its manufacturing capabilities, including the introduction of advanced chip packaging technologies. In addition, it is planned to attract a large number of qualified technical specialists.[3]
IT market growth by 4.1% to $2.64 billion
In 2023, the IT services market in Malaysia reached $2.64 billion, which is 4.1% more than in the previous year. For comparison, in 2022, the growth rate was higher - approximately 5.5%. This is stated in the IDC study, the results of which were published on June 26, 2024.
Analysts note that large-scale IT investment in the corporate segment has declined due to slowing economic growth. The public sector has also reduced activity. However, the market has maintained positive momentum.
IDC divides the industry into three main areas: design-oriented services, managed services and support services. In 2023, the highest growth rates were recorded in the first of these segments - plus 4.5% on an annualized basis. In the other two categories, growth was 4.4% and 2.9%, respectively.
Analysts believe that in the future, the IT services market in Malaysia will continue to develop. The CAGR (compound percentage CAGR) from 2023 to 2028 is expected at 5.9%. As a result, by the end of the period under review, spending could reach $3.51 billion.
| | In the long term, a high level of investment in data centers in Malaysia will be a catalyst for the development of the IT services market, especially design-oriented and managed services, says IDC analyst Benjamin Ten. | |
The approved cybersecurity bill is expected to drive spending on managed services in industries related to the National Critical Information Infrastructure (NCII). And in May 2024, the Malaysian authorities announced their intention to train 60,000 highly qualified engineers and turn the country into a global center for chip production.[4]
How the digitalization of the Malaysian economy is going
As of August 31, 2023, the coverage of the 5G network in populated areas of Malaysia reached 68.8%, and by the end of this year the figure is planned to be increased to 80%. This was announced on September 7, 2023 by the Minister of Communications and Digital Technologies of the country Fahmi Fadzil.
According to him, the digitalization of the economy is of great importance for Malaysia. Therefore, it is planned to introduce the so-called MyDID (Malaysia Digital Inclusion Index), which will help assess the current state of the industry and form targeted recommendations, including resource allocation and personnel development. The digital economy was estimated to account for 23.2% of the country's gross domestic product in 2021. By 2025, this figure is planned to be brought to 25.5%.
At the same time, the necessary requirements for the introduction of digital technologies for enterprises will be introduced. To ensure the security of financial transactions and digital healthcare activities, end-to-end digital signature requirements must be met. Existing rules and guidelines are planned to be revised taking into account global trends, as well as the need to improve the sustainability of the digital economy.
As of the end of 2022, Malaysia provides 96.9 percent coverage with 4G networks in settlements, which is close to the 100 percent target by 2025. 7.7 million facilities have access to fixed broadband services. In 5G networks, data transfer rates average 105.8 Mbps versus 30.4 Mbps in 4G services.
As of 2022, a total of 1.13 million micro, small and medium-sized enterprises have mastered e-commerce. The Malaysian Digital Hub has 90 new startups and 200 local businesses have exported their digital solutions.[5]
2022: Transfer of 70% of the state communications operator to private telecom companies
On March 16, 2022, Malaysian authorities announced that they were transferring up to 70% of the shares of the state-owned 5G network operator Digital Nasional Berhad (DNB) to private telecommunications companies amid concerns from the latter that a single fifth-generation state network could hinder competition. Read more here.
2021: Internet pirates to be jailed for 20 years in Malaysia
On December 18, 2021, the Malaysian House of Representatives passed copyright law amendments that would strengthen the country's deterrent measures against those who facilitate access to pirated content through illegal streaming. The amendments, which cover both hardware and software, could result in offenders jailed for up to 20 years. Read more here.
Education
2019: Number of years of education by citizens over 25
Health care
2021: Using drones to find people infected with COVID-19 in the public
In early June 2021, Malaysia announced that it had begun using drones to identify signs of COVID-19 infection among its population. However, this is far from the first country to use drones to combat the pandemic. Read more here.
2020: Duration of guaranteed paid sick leave from 1 to 2.9 months
Maternity leave
in
Crime
Prisons
2019: The minimum age for children to be jailed is 8
2018: Number of prisoners per 100 thousand citizens
Sport
2022: The most popular sport is football
in
Ecology
2021: Among the anti-leaders for clogging the world's oceans with plastic
2019: Plastic waste imports
History
1778: Death of King Zainal Adilin II
Calendar
Notes
- ↑ Trade turnover of Russia and Malaysia in 2023 increased by 11 percent
- ↑ Malaysia to train 60,000 engineers in bid to become chip hub
- ↑ Malaysian Chip Firms Aims to Double Exports by 2030
- ↑ Malaysian IT Services Market Grew to $2.64B in 2023
- ↑ 12MP: Malaysia Digital Inclusiveness Index to be developed
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