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11MP Mid Term Review: High-income status target pushed back


Based on the minimum threshold of a high-income economy set by the World Bank at US$12,056 for 2017, there was a gap of 21% before Malaysia could graduate to its upper middle-income nation status.

Based on the minimum threshold of a high-income economy set by the World Bank at US$12,056 for 2017, there was a gap of 21% before Malaysia could graduate to its upper middle-income nation status.

KUALA LUMPUR: Malaysia’s target to achieve high-income nation status by 2020, as set by the previous administration, has been pushed back by at least four years as the new government resets its growth priorities.

Gross national income (GNI) per capita at current prices rose at an average rate of 6.7% from RM36,119 (US$9,248) in 2015 to RM41,093 (US$9,556) in 2017.

Economy

   

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