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11MP: Economic, Social And Environment Advances Challenge For Malaysia Post-2020

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KUALA LUMPUR – Malaysians can look forward to an elevated state of well-being post-2020 after the country becomes a developed nation in 2020.

They will have an unshakeable national identity and clear moral compass, according to the 11th Malaysia Plan (11MP) tabled by Prime Minister Datuk Seri Najib Tun Razak in the Dewan Rakyat today.

“Malaysia will be guided by many inspirational leaders and towering personalities, who are moulded by a holistic education system and driven by an insatiable appetite for knowledge,” said the document which also provides a post-2020 scenario for Malaysia.

It says Malaysia will be governed by trusted and independent executive, legislative and judicial institutions that protect Malaysians equally.

“Malaysia will punch above its weight in the international arena, both as a strong independent nation and through prominent Malaysian thought leaders in various fields.

The economy will be progressive, inclusive, sustainable, and adaptable for the future, with highly productive world-class cities and thriving rural areas,” said the document which carries the theme ‘Anchoring Growth on People’.

The next challenge for Malaysia after achieving developed-nation status in 2020 is to become a truly advanced nation in economic, social, and environment terms.

Based on the report, the population in 2030 is expected to reach 36 million, up from 32.4 million in 2020.

The urbanisation rate in 2030 is anticipated to be 80 per cent compared to 75 per cent in 2020.

“The Gross Domestic Product (GDP) in 2020 is expected to reach RM1.4 trillion, while in 2030, the GDP is expected to reach RM2.6 trillion.

The per capita GDP in 2020 is projected to be RM54,890 and is expected to increase to RM117,260 in 2030,” said the document.

Meanwhile, the country’s trade is forecast to be US$26 trillion in 2020 and to increase to US$44 trillion in 2030. – BERNAMA


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