Flag: fourteen equal horizontal stripes of red (top) alternating with white (bottom); there is a blue rectangle in the upper hoist-side corner bearing a yellow crescent and a yellow fourteen-pointed star; the crescent and the star are traditional symbols of Islam; the design was based on the flag of the US
@Malaysia:Economy
Overview: The Malaysian economy, a mixture of private enterprise and a soundly managed public sector, has posted a remarkable record of 9% average annual growth in 1988-94. The official growth target for 1995 is 8.5%. This growth has resulted in a substantial reduction in poverty and a marked rise in real wages. Manufactured goods exports expanded rapidly, and foreign investors continued to commit large sums in the economy. The government is aware of the inflationary potential of this rapid development and is closely monitoring fiscal and monetary policies.
National product: GDP - purchasing power parity - $166.8 billion (1994 est.)
National product real growth rate: 8.7% (1994)
National product per capita: $8,650 (1994 est.)
Inflation rate (consumer prices): 3.7% (1994)
Unemployment rate: 2.9% (1994)
Budget:
revenues: $18.7 billion
expenditures: $19.1 billion, including capital expenditures of $4.8
billion (1994)
Exports: $56.6 billion (f.o.b., 1994)
commodities: electronic equipment, petroleum and petroleum products,
palm oil, wood and wood products, rubber, textiles
partners: Singapore 22%, US 20%, Japan 13%, UK 4%, Germany 4%,
Thailand 4% (1993)