Doing Business In Malaysia

Malaysia is a Southeast Asian nation made up of 13 states and 3 federal territories. It has a population of over 32 million people, making it the 42nd most populous country in the world. The median age of the population is 27.6 years, with slightly more males than females (51% to 49%).

The Malaysian economy is fairly diversified, with significant contributions from the agriculture, manufacturing, and services sectors. The largest industries in Malaysia are electronics, palm oil, rubber, and tourism. The country has a GDP per capita of $10,876, which puts it at 96th in the world.

Malaysia’s population is ethnically diverse, with Malays making up the plurality at 50.4%. Other significant ethnic groups include the Chinese (22.6%), Indians (7%), and indigenous peoples (5.7%). Malaysia is also home to a large number of expatriates, who make up 4.5% of the population.

The majority of Malaysians (61.3%) are Muslim, with significant minorities of Buddhists (19.8%), Christians (9.2%), and Hindus (6.3%). Malaysia also has a small but vibrant Jewish community.

Malaysia is a constitutional monarchy, with the Yang di-Pertuan Agong serving as head of state and Prime Minister Mahathir Mohamad heading the government. The country has been a member of the Commonwealth since 1957 and became a founding member of the Association of Southeast Asian Nations (ASEAN) in 1967.

Malaysia’s economy is diversified, with agriculture, manufacturing, and services all playing a significant role. The country is a major exporter of palm oil, rubber, and timber and is also home to a growing financial sector. Malaysia was one of the Asian Tiger economies in the late 20th century and is currently classified as a newly industrialised country.

Malaysia has a young population, with an median age of 28.6 years in 2018. The population is also fairly evenly distributed between urban and rural areas, with 51.8% living in cities and 48.2% in rural areas. Malaysia’s literacy rate stands at 95%, with education being compulsory up to the age of 15.

Malaysia is an attractive destination for businesses and investors, due to its young population, strong economic growth, and stable political environment. The country also has a number of free trade agreements in place, which gives businesses access to a large market. Malaysia’s proximity to other Southeast Asian countries also makes it an ideal location for companies looking to expand their operations in the region.

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