The projects and initiatives identified in the ETP will transform Malaysia into a high-income economy with a GNI of just over RM1.7 trillion in 2020 compared to RM660 billion in 2009.
This means that GNI per capita will have risen from RM23,700 or USD6,700 in 2009 to beyond RM48,000 or USD15,000 by 2020.
This level of GNI per capita would correspond to that of a high-income economy as currently defined by the World Bank.
Of the GNI growth, up to 31 per cent is expected to be delivered by the EPPs plus a further 10 percent through multiplier effects. Business opportunities could deliver an additional 33 per cent.
"The remaining 26 per cent of incremental growth is expected from other non-NKEA sectors"
The four largest
NKEAs (
Oil, Gas and Energy,
Financial Services,
Palm Oil & Rubber and
Wholesale and Retail) are projected to generate 60 per cent of the incremental GNI growth from the 11 NKEA sectors. The incremental GNI growth from the initiatives in Greater Kuala Lumpur/Klang Valley is calculated separately to avoid double-counting, as some of the income from the 11 NKEA sectors will be generated in the Greater Kuala Lumpur/Klang Valley area.
2012/10/10