Malaysia : 8.5 percent GDP growth in 2000

摘要

Over the past 5 years from 1996 to 2000, the Malaysian economy recorded an average coupled with rising domestic expenditure resulted in achieving a commendable 8.5 percent GDP growth n 2000, the highest growth rate among ASEAN countries. This year, the estimated growth rate is about 6 percent, still higher than other Asian countries. This sharp recovery is an indication of successful remedy after the Asian economic crisis in 1997-98. Manufacturing led the recovery with a growth rate 21.0 percent in 2000, the export, import and trade balance were US 98.2 dollar billion, US 82.2 dollar billion and US 16.0 dollar billion surplus respectively. The per capita income last year was US 3,500 dollar. It was a very remarkable performance and one of the best economic outcomes in the world.Looking at the Malaysian steel industry, apparent steel consumption per capita was 294 kgf in 2000, one of the highest levels among ASEAN countries. Mega-steel, Commenced production of hot rolled coils in 1999 and is one of the biggest flat product rolling mill in this region. Should the Malaysian economy continue to grow steadily, the apparent steel consumption will reach 10 million tonne before 2005.