Lowtax Network

Back To Top

Your Lowtax Account

Malaysia: Country and Foreign Investment

Executive Summary

Politically, Malaysia is a constitutional monarchy. 9 of the 13 Malaysian states have a hereditary ruler, and one of these is elected as King every 5 years. The current King is Abdul Halim of Kedah. The monarch's role has been largely ceremonial since changes to the constitution in 1994, with Parliament having control of executive power. Najib Razak is the current Prime Minister.

According to the International Monetary Fund, as of 2013, Malaysia has the 59th highest GDP per capita in the world. It is ranked as 64th on the UN's Human Development Index (a comparative measure of life expectancy, literacy, education, standards of living, and quality of life).

Since it became independent in 1957, Malaysia has had one of the best economic records in Asia. Since then, it has seen a shift from being reliant on mining and agriculture to having a more multi-sector economy. Malaysia hopes to attain developed country status in 2018, provided the country's growth remains constant or increases.

 

 

Back to Malaysia Index »