Malaysia, with a population of approximately 33.2 million and a GDP of USD 445.5 billion as of 2024, is an upper-middle-income country and one of the more developed economies in Southeast Asia.

Malaysia’s economy is well-diversified, the result of comprehensive economic, financial, and fiscal reforms undertaken by the government.

Major industries today include electrical appliances, electronic parts and components (notably semiconductors, where Malaysia ranks as the world’s third-largest exporter), palm oil, petroleum and liquefied natural gas (LNG), wood products, and rubber. Manufactured goods continue to dominate Malaysia’s export portfolio, reflecting its pivot toward becoming a high-end manufacturing hub, particularly in semiconductors and advanced technology. At the same time, the services sector is gaining momentum as a vital engine for future expansion, with investments in fintech, e-commerce, and smart infrastructure.

Malaysia’s strong economic performance, pro-business stance, liberalized investment policies, and tax incentives are key factors encouraging foreign enterprises to operate in the country.

These factors underscore Malaysia’s commitment to strengthening its position as a regional business hub and a key player in the global supply chain.