Emerging Markets Emerging-market economies & investing, country by country
← Emerging Markets
MY

Malaysia

Southeast Asia · Kuala Lumpur · MYR (Malaysian Ringgit)

GDP
$421.97B
nominal, USD
GDP growth
5.1%
real, annual
Inflation
1.8%
annual
Market cap
$449.47B
total listed, USD

Economy & industry overview

Malaysia is an upper-middle-income, newly industrialised economy in Southeast Asia, ranked among the world's top 35 economies by nominal GDP. Its economy is diversified across manufacturing (particularly electronics and semiconductors), services, palm oil and plantation agriculture, oil and gas, and Islamic finance. The country is the world's second-largest palm oil producer and a leading global exporter of electrical and electronic products. GDP grew 5.1% in 2024 and is projected to sustain robust growth in the near term, supported by strong domestic demand, foreign direct investment into data centres and semiconductors, and a recovery in tourism. Bursa Malaysia is the largest stock exchange in ASEAN by number of listings, with over 1,000 public-listed companies across its Main, ACE, and LEAP markets.

Key sectors

Electronics & SemiconductorsPalm Oil & PlantationsOil & Gas / PetrochemicalsFinancial Services & Islamic FinanceUtilities & EnergyTelecommunicationsHealthcareTourismData Centres & Technology ServicesAutomotive
📘 Learn everything about Malaysia →

Macro

GDP nominal, USD$421.97B
GDP growth real, annual5.1%
Inflation annual1.8%
Population people34.2M
GDP per capita USD$12,366
Market cap total listed, USD$449.47B
Market cap / GDP106.5%
Unemployment3.3%
Listed companies1,073
ExchangeBursa Malaysia (KLSE)

Data year: 2024. Sources: World Bank (GDP 2024 current USD), IMF World Economic Outlook / Article IV 2025, Department of Statistics Malaysia (DOSM), Bursa Malaysia Annual Report / Press Release Jan 2025, Bank Negara Malaysia, Ministry of Finance Malaysia, FocusEconomics, CEIC Data, Trading Economics.

Largest listed companies

The biggest companies on the main local exchange, by market capitalisation.

# Company Sector Market capUSD US listing

US-traded ETFs

Funds listed in the US that give exposure to this market — the simplest route for many US investors.

Ticker ETF Issuer Scope Expense ratioannual % Exposure% of fund

Local exchange & access

ExchangeBursa Malaysia
CodeKLSE
Websitewww.bursamalaysia.com
CurrencyMYR

Local broker access

Foreign investors can access Bursa Malaysia equities through international online brokers offering access to Malaysian markets (e.g. Interactive Brokers, Saxo Bank) or through local licensed brokers such as Maybank Investment Bank, CIMB Securities, Public Investment Bank, and RHB Investment Bank. A Central Depository System (CDS) account is required to hold Malaysian-listed securities. Foreign ownership limits apply to certain regulated sectors including banking, telecommunications, and media. Dividends are generally not subject to withholding tax for residents under Malaysia's single-tier tax system; verify current rules for non-residents.

Global brokers with foreign-market access

Listed for convenience only — not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.

Relocation & residency

Investment visa / residency programme

Grants Long-stay social visit pass (renewable, not permanent residency or citizenship)

Malaysia My Second Home (MM2H) is a long-stay residence programme allowing foreigners to obtain a renewable multiple-entry social visit pass (up to 20 years per renewal cycle) by meeting financial requirements including fixed deposit placement and minimum offshore income thresholds. As of the 2023 revised guidelines, applicants are categorised into Platinum, Gold, and Silver tiers with varying deposit, income, and minimum-stay requirements. MM2H does not confer citizenship or permanent residency but grants long-stay social visit status.

Minimum investment: $65.00K

Need help applying? Specialist investment-migration advisers such as Henley & Partners.

Foreign-investor access

Malaysia My Second Home (MM2H) is the primary long-stay programme for foreigners. The programme was significantly revised in 2021 and again in 2023, introducing tiered categories (Platinum, Gold, Silver) with differing fixed-deposit and income requirements. Holders may not work in Malaysia but can own property subject to state-level minimum purchase thresholds. Healthcare, cost of living, and international schooling infrastructure are key draws for expatriates.

US-listed ADRs & cross-listings

Companies from this country whose shares also trade in the US — investable in a normal US brokerage account.

CompanyUS tickerLocal tickerNote
CIMB Group Holdings BerhadCIMDF1023CIMB Group trades on US OTC markets under the ticker CIMDF. It provides US investors with direct exposure to one of ASEAN's largest universal banking groups.
IHH Healthcare BerhadIHHHF5225IHH Healthcare trades on US OTC markets as IHHHF, offering exposure to one of Asia's largest private hospital operators. IHH is also listed on the Singapore Exchange (SGX: Q0F).
Malayan Banking Berhad (Maybank)MLYBY1155Maybank trades on US OTC markets as an ADR under the ticker MLYBY. It is the most liquid Malaysian OTC ADR available to US investors and represents the country's largest bank.
Tenaga Nasional BerhadTNABY5347Tenaga Nasional, Malaysia's national electricity utility, trades on US OTC markets under TNABY, providing exposure to the country's primary power transmission and generation company.
Top Glove Corporation BerhadTPGLY7113Top Glove trades on US OTC markets as TPGLY. The world's largest rubber glove manufacturer by production volume, it offers exposure to Malaysia's medical supplies and healthcare manufacturing sector.
Theme