GDP grew by 18% from RM427 billion to RM504* billion
All sectors showed growth, including new areas such as modern agriculture, biotechnology and Islamic financial services. Visit Malaysia Year 2007 achieved a record 21 million tourist arrivals
International trade grew 26% from RM881 billion to RM1.11 trillion
Household incomes rose from monthly average of RM3,249 to RM3,617
Maintained price controls on essential items and expended RM43.4 billion in subsidies (2007) to mitigate rising costs
Created over 1.3 million job opportunities
GLC Transformation programme led to better profits and higher returns to unit trust holders and EPF contributors
More than 204,000 SMEs nurtured since 2005 with RM107 billion worth of loans disbursed and 402 programmes implemented
Launched 5 Development Corridors to catalyse and spread growth to all parts of Malaysia
Kuala Lumpur Composite Index rose above historic highs; stock market capitalisation increased 161% from RM460 billion (2003) to RM1.2 trillion (2007)
Budget deficit reduced from 5.0% (2003) to 3.2% of GDP (2007)
International reserves rose 130% from US$44 billion to US$101 billion
Ranking in WEF’s Global Competitiveness Index improved from 25th (2005) to 21st position (2007) 2004-2007 opportunities
GLC Transformation programme led to better profits and higher returns to unit trust holders and EPF contributors
Ranking in WEF’s Global Competitiveness Index improved from 25th (2005) to 21st position (2007)
Raise the nation’s
productivity, income and competitiveness levels
Cushion the effects
of rising prices and ensure quality living standards for
the people
Strengthen private sector’s role as the main
driver of economic growth
Nurture and assist 1
million SMEs and entrepreneurs over 5 years
Generate at least 2
million quality job opportunities over 5 years
Reduce the Budget deficit
further – more funds for development, without increasing
taxes
Follow through on 5
Development Corridors to bring equitable growth, investment
and job opportunities to all parts of
Malaysia
