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Since its independence, Malaysia has had one of the best economic records in Asia, with its GDP growing at an average of 6.5% per annum for almost 50 years.
The economy has traditionally been fuelled by its natural resources, but is expanding in the sectors of science, tourism, commerce and medical tourism.
The territories on Peninsular Malaysia were first unified as the Malayan Union in 1946.
Malaya was restructured as the Federation of Malaya in 1948, and achieved independence on 31 August 1957.
is a federal constitutional monarchy located in Southeast Asia.
It consists of thirteen states and three federal territories and has a total landmass of 330,803 square kilometres (127,720 sq mi) separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia (Malaysian Borneo).
Less than two years later in 1965, Singapore was expelled from the federation.The constitution grants freedom of religion but recognises Islam as the established religion of the state.The government system is closely modelled on the Westminster parliamentary system and the legal system is based on common law.With a GDP per capita of ,766 and an HDI of 0.78 currently, Malaysia is classified as an emerging economy by the World Bank.The International Monetary Fund (IMF) also classifies Malaysia as an emerging and developing country.