Malaysia’s urbanisation rate tripled over past five decades
Malaysia’s urbanisation rate has nearly tripled since 1970, with three-quarters of the nation’s residents now living in cities.
The nation’s urban population expanded to 24.4 million in 2020 from 3 million in 1970, according to a report released on Friday (Dec 23) by the Department of Statistics. The rural population rose slightly to 8.1 million from 7.5 million in the period.
The data underlines Malaysia’s transformation from being a major producer of rubber and tin to a one of the world’s leading producers of semiconductors.
Shipments of manufactured goods, including the growing electrical and electronics sector, made up almost 85 per cent of total exports in November, with agricultural goods accounting for just 7 per cent, official data show.
Malaysia was the world’s sixth-largest exporter of semiconductor devices and integrated circuits in 2021, according to UN Comtrade data, ahead of the US which took seventh place. BLOOMBERG
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Philippine economy grows less expected than on weaker consumer spending
Asian junk bond sales are hottest in five years on India boom
Bank of England set to hold rate at 16-year high
South Korea president says wants to create ministry to tackle low birth rates
TikTok places ByteDance founder among China moguls in Singapore
US will halt artillery supplies to Israel if it attacks Rafah: Biden