Since the 1970s, Malaysia has successfully transformed itself from a basic a raw material producing country into newly industrializing nation. It is now the third largest economy in Southeast Asia. Malaysia is naturally endowed with resources and has been, until recently, the world's largest producer and exporter of Natural Rubber, Tin and Palm Oil.
According to 2018 International Monetary Fund statistics, Malaysia was ranked No 35 on World GDP as the 12th largest port in the world.
Malaysia’s macroeconomic policy is closely attuned to the vagaries of the world economy. In spite of the global economic downturn of 2008-2018, the Malaysian economy grew at a respectable rate of 5 - 6%. The country has effectively maintain an inflation at 3.55% and unemployment rates at about 3.3% (2019). Malaysia’s open economy, stable financial system, strong foreign reserves and small external debt will continue to propel the Malaysian economy forward.