A member of the Commonwealth of Nations, Malaysia has had one of the best economic records in Asia since its independence from the United Kingdom 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. It is also one of the few developing countries to heavily subsidise education and healthcare. Malaysian citizens are entitled to free public education up to secondary level and public tertiary education fees are subsidised by up to 90%. Basic healthcare services at government-run clinics with prescription cost RM1. Disabled persons, senior citizens and public school students are entitled to free healthcare. Malaysian healthcare services have been described as among the best in the world, and the UN Development Program called the Malaysian healthcare system "a model to other developing countries".
"Malaysia" used as a label for the Malay Archipelago on a 1914 map from a United States atlas
The name "Malaysia" is a combination of the word "Malay" and the Latin-Greek suffix "-sia"/-σία. The word "melayu" in Malay may derive from the Tamil words "malai" and "ur" meaning "mountain" and "city, land", respectively. "Malayadvipa" was the word used by ancient Indian traders when referring to the Malay Peninsula. Whether or not it originated from these roots, the word "melayu" or "mlayu" may have been used in early Malay/Javanese to mean to steadily accelerate or run. This term was applied to describe the strong current of the river Melayu in Sumatra. The name was later adopted by the Melayu Kingdom that existed in the seventh century on Sumatra.
The state that gained independence from the United Kingdom in 1957 took the name the "Federation of Malaya", chosen in preference to other potential names such as "Langkasuka", after the historic kingdom located at the upper section of the Malay Peninsula in the first millennium CE. The name "Malaysia" was adopted in 1963 when the existing states of the Federation of Malaya, plus Singapore, North Borneo and Sarawak formed a new federation. One theory posits the name was chosen so that "si" represented the inclusion of Singapore, North Borneo, and Sarawak to Malaya in 1963. Politicians in the Philippines contemplated renaming their state "Malaysia" before the modern country took the name.