Malaysia’s per capita GNI (Gross National Income) is rising faster than projected in the government’s Economic Transformation Programme. The stated goal was to reach US$15,000 per capita by 2020. It now seems possible that this target will be reached by 2018.
The Gross National Income is basically the sum of a country’s goods and services plus income from overseas (usually dividends and interest) less similar payments made overseas. The World Bank has divided the world’s nations into four broad economic groups based on their per capita GNI. The lowest 32 countries, considered low income, have a per capita GNI of under US$1,000.
The top 69 countries, regarded as high income, have a per capita GNI of over US$12,500. Malaysia has managed to raise its per capita GNI to around US$9,800 in 2012, making their own target achievable and moving them closer to a position in the world’s high-income countries.
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