IMD World Competitiveness Booklet 2022

Malaysia Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Kuala Lumpur

330 2021

4.143 2021

22

22

Exchange Rate (per $)

25

27

32.70 2021 24 372.7 2021 35 29,686 2021 45 3.1 2021 54 2.48 2021 23 4.60 2021 19 16.14 2021 23 14.35 2021 05 174.1 2020 35 1.28 2020 37

32

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Expanding regulatory reforms initiatives to micro levels through public-private collaboration. • Enhancing technological adoption to increase productivity at firm level. • Accelerating talent development initiatives to keep up with new and emerging job challenges and nurture a future- ready workforce. • Strengthening productivity and competitiveness through mindset change and creativity.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Malaysia Productivity Corporation (MPC), Petaling Jaya, Selangor

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

9

16

19 20

22

23 25

32

35

36

37 35 36

44 44

45 46

50

50

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

7

8

6

9

10

7

11

8

8

8

88 Competitiveness Country Profiles