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NESCO, UNIDO, UNIKOM, UNOMOZ, UNOSOM, UNTAC, UPU, WCL, WHO, WIPO, WMO, WTO Diplomatic representation in US: chief of mission: Ambassador Abdul MAJID bin Mohamed chancery: 2401 Massachusetts Avenue NW, Washington, DC 20008 telephone: (202) 328-2700 FAX: (202) 483-7661 consulate(s) general: Los Angeles and New York US diplomatic representation: chief of mission: Ambassador John S. WOLF embassy: 376 Jalan Tun Razak, 50400 Kuala Lumpur mailing address: P. O. Box No. 10035, 50700 Kuala Lumpur; APO AP 96535-5000 telephone: [60] (3) 248-9011 FAX: [60] (3) 242-2207 Flag: fourteen equal horizontal stripes of red (top) alternating with white (bottom); there is a blue rectangle in the upper hoist-side corner bearing a yellow crescent and a yellow fourteen-pointed star; the crescent and the star are traditional symbols of Islam; the design was based on the flag of the US @Malaysia, Economy Overview: The Malaysian economy, a mixture of private enterprise and a soundly managed public sector, has posted a remarkable record of 8%-9% average growth in 1987-93. This growth has resulted in a substantial reduction in poverty and a marked rise in real wages. Despite sluggish growth in the major world economies in 1992-93, demand for Malaysian goods remained strong, and foreign investors continued to commit large sums in the economy. The government is aware of the inflationary potential of this rapid development and is closely monitoring fiscal and monetary policies. National product: GDP - purchasing power equivalent - $141 billion (1993 est.) National product real growth rate: 8% (1993 est.) National product per capita: $7,500 (1993 est.) Inflation rate (consumer prices): 3.6% (1993) Unemployment rate: 3% (1993) Budget: revenues: $19.6 billion expenditures: $18 billion, including capital expenditures of $5.4 billion (1994 est.) Exports: $46.8 billion (f.o.b., 1993 est.) commodities: electronic equipment, petroleum and petroleum products, palm oil, wood and wood products, rubber, textiles partners: Singapore 23%, US 15%, Japan 13%, UK 4%, Germany 4%, Thailand 4% (1991) Imports: $40.4 billion (f.o.b., 1993 est.) commodities: machinery and equipment, chemicals, food, petroleum products partners: Japan 26%, Singapore 21%, US 16%, Taiwan 6%, Germany 4%, UK 3%, Australia 3% (1991) External debt: $18.4 billion (1993 est.)
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