IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL MALAYSIA

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Kuala Lumpur

2017 2018 2019 2020 2021

330 2020

4.203 2020 32.70 2020 336.7 2020 27,602 2020 -5.6 2020 -1.14 2020 4.50 2020 15.67 2020 18.45 2020 169.0 2019 2.50 2019

Exchange Rate (per $)

22

22

24

25

27

26

Population - market size (millions)

CHALLENGES IN 2021 Minimize the impact of COVID-19 on economic, social and environment through agile policies and regulations. • Minimize the impact of COVID-19 on economic, social and environment through agile policies and regulations. • Upskilling and reskilling are crucial to keep up with new and emerging job challenges and nurture a future-ready workforce. • To inculcate digital-first mindset and increase the adoption of digital technology across the public sector. • To increase productivity through measures enabling business environment e.g. to boost innovation, skills and institutional quality. • Creating an ecosystem conducive to attracting investment.

36

Gross Domestic Product (GDP) (US$ billions)

45

GDP (PPP) per capita (US$)

39

Real GDP growth (%)

4

Consumer price inflation (%)

16

Unemployment rate (%)

26

Labor force (millions)

1

Current account balance (% of GDP)

32

Direct investment stocks inward ($bn)

Malaysia Productivity Corporation (MPC), Petaling Jaya, Selangor Provided by: Malaysia Productivity Corporation (MPC), Petaling Jaya, Selangor

28

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

4

10

12

13

14

19

20

24

25

26

29

29

30

31

33

39

42

43

44

47

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

7

8

8

6

9

10

7

7

8

8

87

IMD WORLD COMPETITIVENESS BOOKLET 2021