Malaysia has a newly industrialised market economy, which is relatively open and state-oriented. The economy of Malaysia is the third largest in Southeast Asia. Malaysia is also the third richest in Southeast Asia by GDP per capita values, after the city-states of Singapore and Brunei. Malaysia's economy is one of the most competitive in the world, ranking 14th in 2015, higher than countries like Australia, United Kingdom, South Korea and Japan.
Malaysia has a newly industrialised market economy, which is relatively open and state-oriented. The economy of Malaysia is the third largest in Southeast Asia. Malaysia is also the third richest in Southeast Asia by GDP per capita values, after the city-states of Singapore and Brunei. Malaysia's economy is one of the most competitive in the world, ranking 14th in 2015, higher than countries like Australia, United Kingdom, South Korea and Japan.
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