The document compares key economic indicators between Singapore and Malaysia from 1980 to 2023 based on IMF data. It shows that while Singapore has had consistently higher GDP and GDP per capita, Malaysia has grown faster in recent decades and is catching up, with its GDP forecast to surpass Singapore's by 2022. GDP per capita remains much higher in Singapore.

1. MGM Research
SINGAPORE VS MALAYSIA
GDP INDICATORS COMPARISON
https://mgmresearch.com/singapore-vs-malaysia-gdp-indicators-comparison/
Image Source: Wikipedia
https://en.wikipedia.org/wiki/Singapore
https://en.wikipedia.org/wiki/Malaysia

2. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: GDP COMPARISON 1980-2023
12
26
435
498
0
100
200
300
400
500
600
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022
Malaysia
Singapore
GDP, current prices
(billions of US dollars)

3. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
GDP DIFFERENCE: MALAYSIA GDP – SINGAPORE GDP
-20
-10
0
10
20
30
40
50
60
70
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022
Difference of GDP, current prices
(billions of US dollars)
Malaysia GDP - Singapore GDP

4. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE GDP 2004-2023
114
192
347
435
0
50
100
150
200
250
300
350
400
450
500
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
GDP, current prices
(billions of US dollars)
Singapore GDP Growth
2008-2018: 80%
2018-2023(F): 25%

5. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
MALAYSIA GDP 2004-2023
134
239
347
498
0
100
200
300
400
500
600
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
GDP, current prices
(billions of US dollars)
Malaysia GDP Growth
2008-2018: 46%
2018-2023(F): 44%

6. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: POPULATION COMPARISON 1980-2023
2
14
6
35
0
5
10
15
20
25
30
35
40
1980 1985 1990 1995 2000 2005 2010 2015 2020
Malaysia
Singapore
Population
(in millions)

7. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: GDP PER CAPITA COMPARISON 1980-2023
5,004
1,900
73,619
14,423
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
1980 1985 1990 1995 2000 2005 2010 2015 2020
Malaysia
SingaporeGDP per capita, current prices
(US dollars per capita)

8. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: GDP PPP COMPARISON 1980-2023
21
46
698
1,390
0
200
400
600
800
1,000
1,200
1,400
1,600
1980 1985 1990 1995 2000 2005 2010 2015 2020
Malaysia
Singapore
GDP PPP, current prices
(billions of international dollars)

9. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: GDP PPP PER CAPITA COMPARISON 1980-2023
8,880
3,310
118,202
40,225
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
1980 1985 1990 1995 2000 2005 2010 2015 2020
Malaysia
Singapore
GDP PPP per capita, current prices
(international dollars per capita)

10. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: REAL GDP GROWTH COMPARISON 1980-2023
10.0%
7.4%
2.6%
4.8%
-9%
-6%
-3%
0%
3%
6%
9%
12%
15%
18%
1980 1985 1990 1995 2000 2005 2010 2015 2020
Malaysia
Singapore
Real GDP growth
(annual percentage change)

11. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: GDP RELATED INDICATORS – 2019 FORECAST
GDP in billions of US dollars
GDP per capita in US dollars per capita
Population in millions
Land Area in Sq. Km.
GDP PPP in billions of international dollars
GDP PPP per capita in international dollars per capita

12. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
SINGAPORE VS MALAYSIA: GDP AND GDP PER CAPITA GROWTH 1980 to 2023
-20,000
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
1970 1980 1990 2000 2010 2020 2030 2040
GDP per capita,
current prices
(US dollars per capita)
Size of Bubble represents
GDP, current prices
(Billion of US dollars)
GDP up 36x.
GDP per capita up 15x.
GDP up 19x.
GDP per capita up 8x.
Malaysia
Singapore