Singapoe's Economy bigger than Malaysia's by the end of the Year.

Its bewildering to now find that Singapore's economy will surpass Malaysia's by the end of the year.The red dot has finally exceeded the expectations of most pundits in Malaysia and Indonesia who viewed the tiny nation with disdain whenever there are any dispute.
According to the world Bank report, Malaysia is 478 times the size of Singapore and its population ,at 27 million is much larger than the tiny neighbour's 4.8 million.

According to the world bank report,Singapore's economy will show in GDP terms of U.S$210billion -$251 billion ($651 billion -$780 billion)based on last year Parity (PPP) while Malaysia's at at $205 billion ($637 billion)) (PPP last yearU.S $383 billion)or rm$1191 billion) will be smaller by rm$5 billion. Singapore's GDP last year based on the official exchange rate was U.S$171.1 billion while Malaysia's was U.S$191.5 billion.

As for the future, it is expected the gap will continue to widen in favour of Singapore and the prospect looks bleak that Malaysia will ever catch up.In 2009, Singapore's GDP per capita was U.S$36,537(up from U.S $512 in 1965) compared with Malaysia's U.S$6,975 (U.S$335 in 1965 ).In the last decade, Malaysia's growth rate fell to an abysmal low of 4.7% while Singapore exceeded its targetted rate of 7.2% in the 1990s.

The emergence of Singapore as an economic power is partly attributed to the presence of 400,000 Malaysians including 150,000 who comutes daily to the republic.This list also includes about 386,000 Malaysians who have become permanent residents or citizens.