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Southeast Asia & Oceania


Malaysia Business Report

General information
Source: The World Factbook - Central Intelligence Agency
31,381,992 (July 2017 est.)
$930.8 billion (2017 est.)

4th largest economy in Southeast Asia and Pacific

GDP growth rate
5.9% (2017 est.)

High and accelerating

GDP (PPP) per capita
$29,000 (2017 est.)


Local currency
Ringgit (MYR)

Weak currency which devalued considerably since 2013

Financial stability (Public debt)
54.2% of GDP (2017 est.)

Medium but shrinking

3.8% (2017 est.)

Medium to high

Bahasa Malaysia

English, Chinese (Cantonese, Mandarin), Tamil, Telugu, Malayalam, Panjabi, Thai

Corruption perception index (Source: Transparency International)

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018

6% standard rate
Corporate Tax

24% standard rate 38% for oil and gas activities

Import duties are generally levied on an ad valorem basis with rates ranging from 2% to 60%

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