Malaysia is one of the wealthiest emerging economies in Asia, despite its relatively small population of about 30 million people. Overall, it is the sixth most populous country in ASEAN. Its GDP ranks third among ASEAN’s economies, as does its per capita income of US$10,000 – this is sufficient for the World Bank to classify Malaysia as an upper middle income country. Geographically, Malaysia is situated right in the middle of ASEAN, surrounded by the nine other member nations.