PETALING JAYA: Malaysia has achieved the status of an upper middle-income nation based on its Purchasing Power Parity (PPP) per capita, according to Prime Minister Datuk Seri Najib Tun Razak.
PPP, determined by the World Bank in a report every three years, refers to the quantity of currency needed to buy a common basket of goods and services, taking into account the cost of living and inflation.
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