MALAYSIA is well on track to achieving developed nation status by 2020. It has also made good progress towards achieving high-income nation status as its gross national income (GNI) per capita last year came closer to the World Bank’s current high-income threshold by 20 per cent, from 33 per cent in 2010. According to the NTP Annual Report 2017 launched by Prime Minister Datuk Seri Najib Razak, the country’s GNI per capita reached US$9,660 last year. The report said Malaysia’s gross domestic product (GDP) growth exceeded all projections, recording a growth of 5.9 per cent last year. It said Malaysians experienced an increase in household income between 2009 and 2016.

Source: New Strait Times March 23, 2018 23:26 UTC