Paving the way to a high-income economy
The National Transformation Programme (NTP) was established in 2009 to promote inclusive and sustainable socioeconomic growth with the objective of transforming Malaysia into a high-income nation.
The NTP was driven by the National Key Results Areas (NKRA), National Key Economic Areas (NKEA) and Strategic Reform Initiatives (SRI).
Results
Private sector driving growth
| 2.2x | growth in private investment CAGR |
since NTP launch; private investment ratio now more than 60% of GDP
Ensuring sustainability of public finances
Fiscal deficit at
in 2015 versus 6.7% in 2009
Escaped from middle-income trap
As at 2015, Malaysia’s GNI per capita was US$10,010, progressively approaching the World Bank’s high-income GNI per capita threshold of
Inclusive socioeconomic impact
2.26 Million
jobs created
Improved the livelihoods of
302,946 low-income and hardcore poor individuals
by creating opportunities to generate better income
2.9 million individuals
lifted out of poverty through minimum wage policy
Before AZAM Tani, I used to earn only RM200 a month from a 1.4-hectare paddy field which I rented. I now earn RM12,000 – RM18,000 per season compared to only RM2,000 previously and this has allowed me to rent another 2.8-hectares of paddy field and invest in more modern equipment.
HAMZAH KUSHI MOHAMAD
Paddy farmer
Bukit Rambai Melaka
Increase wages at a faster pace
(CAGR: 12.0%) than total household income growth (CAGR:10%)
7.28 million low-income households and individuals
through direct, targeted assistance programmes
6.6 million
rural people benefited from
6,042km
of rural roads completed
153,821
houses connected to electricity
350,094
houses connected to clean water