Swot Analysis Of Malaysia

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Malaysia

Malaysia, as one of the economic tiger cubs of Southeast Asia has one of the best economic track records in the world. Although its rapid economic expansion has been based on the development of natural resources since initiation, there is a growing diversity in the sectors of commerce, trade, science and tourism. The Malaysian economy in Purchasing Power Parity (PPP) in 2015, was $525.7 billion USD. This is the 3rd largest in the region after the much more populated countries like Indonesia and the Philippines. Still, it is the 28th largest globally. After Brunei and Singapore, Malaysia is the 3rd richest nation in Southeast Asia by GDP per capita,. The expansion in GDP, has averaged 4.77% from the years 2000 through 2014. Sector-wise
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Malaysia remains a major trading nation in Southeast Asia. Major exports consist of palm oil (world’s largest), electronics, chemicals, electrical products, liquefied natural gas, machinery, metals, optical equipment, petroleum, rubber, scientific equipment and wood products. Exports were over $231 billion USD by 2014. Major export partners of Malysia are Singapore at 13.6% of total export, followed by China (12.6%). Japan is third at 11.8% and the United States in 4th place at 8.7%. They’re followed by Thailand (5.4%) and Hong Kong (4.3%). India and Australia account for 4.2% and 4.1% respectively. Malaysian imports amount to $193 billion USD. The largest share of goods imported consists of chemicals, electrical and electronic products, iron, metal manufactures, petroleum products, plastics, steel products and vehicles. Major import partners are China at 15.1% of the total trade, followed by Singapore at 13.3%, and Japan at 10.3%. The United States comes in 4th at 8.1%, followed by Thailand (6.0%) with Indonesia and South Korea at 5.1% and 4.1%…show more content…
The credit rating of Malaysia ranks in the A category as per all measurements. According to the Heritage Foundation Freedom Index, Malaysia ranks 8th regionally out of 42 nations and 31st in the world. Improvements have been seen in corruption, freedom of business and trade over the past year. This allowed the score to increase by 1.2 points, giving Malaysia an overall score of 70.8. There were double-digit increments in the categories like business freedom, financial freedom and investment. While rule of law is still relatively weak, the government has taken appropriate actions to tackle

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