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Malaysia

The Economy of Malaysia is a growing and relatively open state-oriented and newly industrialised market economy. The state plays a significant but declining role in guiding economic activity through macroeconomic plans. In 2007, the economy of Malaysia was the 3rd largest economy in South East Asia and 28th largest economy in the world by purchasing power parity with gross domestic product for 2008 of $222 billion with a growth rate of 5% to 7% since 2007 In 2010, GDP per capita (PPP) of Malaysia stands at US$14,700. In 2009, the PPP GDP was US$383.6 billion, and the PPP per capita GDP was US$8,100

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  Economy of Malaysia
Currency 1 Ringgit = 100 sen
Fiscal Year Calendar year
GDP (PPP) $463 billion (2012 est.)
GDP (per capita) $15,800 (PPP, 2011 est.), $9,970 (nominal, 2012 est.)
Exports $239.8 billion (2012 est.)
Imports $197.2 billion (2012 est.
Main Industries Peninsular Malaysia - rubber and palm oil processing and manufacturing, light manufacturing, pharmaceuticals, medical technology, electronics, tin mining and smelting, logging, timber processing; Sabah - logging, petroleum production; Sarawak - agriculture processing, petroleum production and refining, logging
Export Goods electronic equipment, petroleum and liquefied natural gas, wood and wood products, palm oil, rubber, textiles, chemicals
Import Goods electronics, machinery, petroleum products, plastics, vehicles, iron and steel products, chemicals
Gold Rates Malaysia
Dollar Per Ounce $1284.04
MYR 10 Grams 1348.31
Gold Rates in Malaysia
Open Market Forex Rates [MYR]
Currency Symbol Buying Selling
 U.S. Dollar USD 3.3283 3.309
 Euro EUR 4.5812 4.5515
 British Pound GBP 5.5695 5.5316
 UAE Dirham AED 0.9028 0.9037
 Saudi Riyal SAR 0.8827 0.8837
 Kuwaiti Dinar KWD 11.6164 11.5282
 Canadian Dollar CAD 2.9983 2.9817
 Australian Dollar AUD 3.0737 3.0565
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