Malaysia ranked 14th as fastest growing economy in Asia • MDBC

Malaysia has been listed in the top 20 as one of the fastest growing economies in Asia.

A detailed analysis by Insider Monkey said Asia’s regional economic growth has improved, projected at 4.5% as opposed to prior expectations of 4.2%.

The report was quoted saying that Asia is expected to contribute two – thirds to the global growth.

In the list, Malaysia came in 14th place recording the country’s real GDP growing at 4.3% and GDP per capita growing at 6.75%.

However, Malaysia’s real GDP growth was recorded at 4% in 2023 and 8.7% in 2022.

An analysis by the International Monetary Fund also showed the country’s inflation rate was recorded at 2.7% compared to last year’s rate at 2.9%.

In the list, Thailand took the 20th spot with the country’s real GDP growth rate at 3.2% and GDP per capita at 5.94%.

Meanwhile, the top five Asian countries listed as the fastest – growing economies are:

1. Macao (2024 real GDP growth rate (2024) at 27.2% and 2024 GDP Per Capita Growth Rate at 29.16%)

2. India (2024 real GDP growth rate at 6.3% and 2024 GDP per capita growth rate at 9%)

3. Cambodia (2024 real GDP growth rate at 6.1% and 2024 GDP per capita growth rate at 6.34%).

4. Bangladesh (2024 real GDP growth rate at 6% and 2024 GDP per capita growth rate at 0.94%)