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Singapore's Lead Over Malaysia's Economy Is Shrinking

Bloomberg
A general view of Kuala Lumpur from the top of The Exchange 106 tower. (File photo: AP/Sadiq Asyraf)
A general view of Kuala Lumpur from the top of The Exchange 106 tower. (File photo: AP/Sadiq Asyraf)

By Abigail Wen Yi Ng

Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year. The nation’s gross domestic product was $314.5 billion in 2017, about $9.4 billion less than Singapore’s $323.9 billion, according to data from the World Bank. That deficit is set to shrink to just over $2 billion next year as forecasts see Malaysia’s economy expanding by about 5.5 percent in 2018 versus a 3.1 percent increase in Singapore, according to median estimates of economists surveyed by Bloomberg.

To contact the reporter on this story: Abigail Wen Yi Ng in Singapore at ang329@bloomberg.net To contact the editors responsible for this story: Karl Lester M. Yap at kyap5@bloomberg.net Michelle Jamrisko, Matt Turner

© 2018 Bloomberg L.P