Malaysia is a federal constitutional monarchy located in Southeast Asia. It is a relatively state-oriented and newly industrialised market economy.
The state plays a significant but declining role in guiding economic activity through macroeconomic plans. In 2014, Malaysia's economy grew 5.1%, the third highest growth in ASEAN behind Philippines' growth of 5.6% and Vietnam’s growth of 6.6%. The economy of Malaysia (GDP PPP) in 2024 was $1.38 trillion, the fourth largest in ASEAN behind Indonesia, Thailand, Vietnam and the Philippines, while being the 30th largest in the world.
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Malaysia".
Largest firms
This list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before 31 March 2017. Only the top five firms (if available) are included as a sample.
RankImageName2016 Revenues (US$M)EmployeesNotes 184 Petronas 49,479 51,034 State-owned multinational oil and gas company vested with the entire oil and gas resources of Malaysia and operating in 35 countries. The firm has ranked as high as 68th globally in 2015.
Notable firms This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
See also Companies Commission of Malaysia Economy of Malaysia Kuala Lumpur Composite Index
References