Posted Apr 27, 2021, 10:40 AM
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Join Date: Mar 2004
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Malaysia to Achieve High Income Status Between 2024 and 2028, but Needs to Improve the Quality, Inclusiveness, and Sustainability of Economic Growth to Remain Competitive
MARCH 16, 2021
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KUALA LUMPUR, March 16, 2021 – Malaysia is likely to transition to a high-income economy between 2024 and 2028, a reflection of the country’s economic transformation development trajectory over past decades. However, further reforms are required to successfully join the ranks of other leading and developed economies, according to a new World Bank report - Aiming High – Navigating the Next Stage of Malaysia’s Development launched today.
Malaysia‘s GNI per capita is at US$11,200 according to latest estimates, only US$1,335 short of the current threshold level that defines a high-income economy. Progress towards the threshold has been slowed by the impact of the COVID-19 pandemic and the country has the opportunity to undertake bold reforms to sustain future growth and to ensure that the proceeds of growth benefit all segments of the population.
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https://www.worldbank.org/en/news/pr...nghighmalaysia
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GNI per capita 2019
ASIA PACIFIC (some emerging market nations)
Singapore $59,590
Australia $55,100
Hong Kong $50,800
New Zealand $42,760
Japan $41,710
South Korea $33,790
Brunei $32,230
Malaysia $11,200
China $10,390
Thailand $7,260
Fiji $5,800
Indonesia $4,050
Sri Lanka 4,020
Philippines $3,850
Vietnam $2,590
India $2,120
https://data.worldbank.org/indicator...D?locations=TH
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Nations in-between high income and upper middle income!
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