Report: 12MP set to achieve annual GDP growth of 5-5.5%, GNI of RM61,000 in 2025

KUALA LUMPUR: Malaysia’s economy is on track to grow between 5.0 and 5.5 per cent per annum for the remainder of the 12th Malaysia Plan (12MP), driven by domestic demand, particularly private sector expenditure.

According to the Mid-Term Review of the 12th Malaysia Plan (12MP MTR) 2021-2025 report, tabled in Parliament today, the gross national income (GNI) per capita in current prices is projected to increase by 4.6 per cent per annum to RM61,000 or US$14,250 in 2025.