Is Malaysia a developing country?

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  • 1 month ago
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    Yes, Malaysia is not considered a developed country, despite undergoing rapid economic development over the past five decades. Malaysia's gross domestic product (GDP), per capita income, level of industrialization and overall standard of living are not on par with other developed nations.

    With a GDP per capita of $9,766 and an HDI of 0.78 currently, Malaysia is classified as an emerging economy by the World Bank. The International Monetary Fund (IMF) also classifies Malaysia as an emerging and developing country. Malaysia shares common characteristics with other emerging economies, such as Brazil, Indonesia, and China, including low-to-middle per capita earnings, rapid economic growth, high volatility, less mature capital markets and above-average return for investors.

    Still, the country is coming close to developed status. Since the 1970s, Malaysia has gone from relying primarily on raw natural resources to becoming a leading exporter of natural gas and lower-cost consumer goods – especially electronics and electrical appliances – to developed nations.

  • 1 month ago

    Malaysia. Malaysia is not considered a developed country, despite undergoing rapid economic development over the past five decades. Malaysia's gross domestic product (GDP), per capita income, level of industrialization and overall standard of living are not on par with other developed nations

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