Malaysia vs Singapore: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Malaysia
- Singapore
How they compare
Malaysia currently reports 438.62 billion constant 2015 US$ against 409.51 billion constant 2015 US$ in Singapore, a difference of 29.10 billion constant 2015 US$.
That makes Malaysia's figure about 1.1 times Singapore's.
Across all 11 years both countries report, Malaysia has been ahead every year.
Globally, Malaysia ranks 30th and Singapore ranks 32nd of 193 countries.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.