In Malaysia, the literacy rate is 93.7% as of 2016. In Malaysia, the average life expectancy is 76 years (73 years for men, 79 years for women) as of 2020. Home > Factbook > Country Comparisons. 8. Pakistan is a sovereign country in South Asia, with a total land area of approximately 770,875 sq km. Gross domestic product (GDP) of Malaysia grew 4.33 percent in 2019 and was forecast to remain slightly below 5 percent for the medium term. Perhaps Malaysia wishes to maintain an equidistant position from both economies. But it is unlikely that its efforts will bring different results this time around. GDP growth rate was negative in four years for India, but Pakistan has never showed negative growth rate. Malaysia has a total of 4,675 km of coastline. Even though most of the people inhabiting these countries look alike, their economic, politics and leadership are quite different from each other. A third war between these countries in 1971 - in which India capitalized on Islamabad's marginalization of Bengalis in Pakistani politics - resulted in East Pakistan becoming the separate nation of Bangladesh. India-Pakistan relations have been rocky since the November 2008 Mumbai attacks, but both countries are taking small steps to put relations back on track. Pakistan’s new budget will not fix the country’s economic woes. Here you have the comparison between Malaysia vs Pakistan 2020 Malaysia, country of Southeast Asia, lying just north of the Equator, that is composed of two noncontiguous regions: Peninsular Malaysia, which is on the Malay Peninsula, and East Malaysia, which is on the island of Borneo. Economy growth: Measures growth in the economy or ""economy growth"". Since 2014, the economy has slowed, in large part because of the withdrawal of nearly 100,000 foreign troops that had artificially inflated the country’s economic growth. Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. MALAYSIA – PAKISTAN ECONOMIC COOPERATION ISHRAT HUSAIN I am delighted to be here at the First Malaysia – Pakistan Business Forum to share my thoughts with this august gathering of distinguished businessmen from both the countries. The US Department of Justice charged five Pakistani businessmen on 15 January for “operating an international network of front companies to export U.S.-origin products to Pakistan for use in that country’s nuclear program”. The Malaysian economy is a newly industrialized market economy and it is the fourth largest in Southeast Asia ranking the 35th largest in the world. The World Factbook, Inland Revenue Board of Malaysia, Federal Board of Revenue, Government of Pakistan. Aggregates are based on constant 2000 U.S. dollars. • The alphabet of Malay is a modified form of the Arabic alphabet. Country comparison Malaysia vs Pakistan 2020 Country comparison, you can compare any two countries and see the data side by side. That strategy hurt exporters as they were unable to compete in international markets especially in the textile sector, which remains the country’s key export. 1970 1970 1975 1975 1980 1980 1985 1985 1990 1990 1995 1995 2000 2000 2005 2005 2010 2010 2015 2015 2,000 2,000 4,000 4,000 6,000 6,000 8,000 8,000 10,000 10,000 Malaysia Malaysia Pakistan Pakistan. A rich history of close cooperation – including Pakistan’s contribution to drafting Malaysia’s constitution – fueled prospects of a wide-ranging strategic economic partnership. In Pakistan, the top tax rate is 20.0% as of 2016. make 81.4% less money Malaysia has a GDP per capita of $29,100 as of 2017, while in Pakistan, the GDP per capita is $5,400 as of 2017. The Malaysian capital, Kuala Lumpur, lies in the western part of the peninsula. Economic indicators for Pakistan Pakistan's GDP expected to contract by 0.4% in 2020 and grow by 2.0% in 2021 – ADO 2020 Update Pakistan's inflation rates forecasted at 10.7% in 2020 and 7.5% in 2021 – ADO 2020 Update By logging in or registering, you agree to our. Pakistan’s Economy Remains Imran Khan’s Biggest Challenge The task of effectively managing the economy is going to be the government’s biggest political challenge in … In Pakistan, that number is 6.0% as of 2017. Pakistani government and military leaders are struggling to control domestic insurgents, many of whom are located in the tribal areas adjacent to the border with Afghanistan. During period 1961 to 2017, Pakistan grew by more than 10% in 3 years while India never. The area underwent successive invasions in subsequent centuries from the Persians, Greeks, Scythians, Arabs (who brought Islam), Afghans, and Turks. License: CC BY-4.0 Line Bar Map. Pakistan’s economy remains precarious, and its international reputation is in tatters. The country recorded a GDP growth rate of 5.0% in 2015. It's a free, question-and-answer based forum to discuss The economy of Malaysia is placed lower to Indonesia. Autoregressive Distributed Lag (ADRL) approach is used to examine whether a long run relationship exists between corruption and growth in Malaysia while taking into account of other macroeconomic variable such as trade … That strategy hurt exporters as they were unable to compete in international markets especially in the textile sector, which remains the country’s key export. what life is like in countries and cities around the world. New Zealand vs West Indies Live Streaming Details. The military’s control over Pakistan’s affairs is, once again, complete and comprehensive, as is the virtual surrender of mainstream political forces. Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Budget surplus > + or deficit > -: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. Malaysia, an upper middle-income country, has transformed itself since the 1970s from a producer of raw materials into a multi-sector economy. Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Definitions. The statistics on this page were calculated using the following data sources: In Pakistan, 74% of the population do as of 2017. The separation in 1947 of British India into the Muslim state of Pakistan (with West and East sections) and largely Hindu India was never satisfactorily resolved, and India and Pakistan fought two wars - in 1947-48 and 1965 - over the disputed Kashmir territory. The dam is China's first major infrastructure project in Kashmir, and part of the China-Pakistan Economic Corridor (CPEC), which is tied into China's massive Belt and Road Initiative. They can operate submerged for up to 21 days. In Malaysia, 15.6% of adults are obese as of 2016. GDP per capita in Malaysia averaged 5388.58 USD from 1960 until 2019, reaching an all time high of 12478.20 USD in 2019 and a record low of 1354 USD in 1960. Malaysia Economic Outlook. Malaysia vs. Indonesia. India VS Pakistan VS Indonesia VS Philippines VS Bangladesh VS Thailand VS Malaysia VS Nepal VS Sri Lanka GDp per capita comparison Look at the data below for more in-depth analysis. In Malaysia, 3.4% of adults are unemployed as of 2017. Malaysia has a top tax rate of 28.0% as of 2016. Malaysia vs Pakistan Malaysia Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas, The Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bhutan Bolivia Bosnia Botswana Brazil Brunei Bulgaria Burkina Faso Burma Burundi Cambodia Cameroon Canada Cape Verde Cent. In Malaysia, approximately 11.4 children die before they reach the age of one as of 2020. Stay on top of Malaysia latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. Pakistan's population has grown rapidly from around 30 million in 1947 to over 130 million in 1996. In Pakistan, about 15.5% do as of 2018. Pakistan’s current economic problems can also be traced to decisions made by the previous government to artificially inflate the value of the country’s currency, the rupee. Annual percentage growth rate of GDP at market prices based on constant local currency. 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