The Economy of Malaysia is a growing and relatively open state-oriented and newly industrialised market economy. The state plays a significant but declining role in guiding economic activity through macroeconomic plans. In 2007, the economy of Malaysia was the 3rd largest economy in South East Asia and 28th largest economy in the world by purchasing power parity with gross domestic product for 2008 of $222 billion with a growth rate of 5% to 7% since 2007 In 2010, GDP per capita (PPP) of Malaysia stands at US$14,700. In 2009, the PPP GDP was US$383.6 billion, and the PPP per capita GDP was US$8,100

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