Tuesday, July 25, 2006

Malaysia economy growth rate (1987 prices)

OPP 2 1991-2000 average 7%
7MP 1996-2000 average 4.7%
8MP 2001-2005 average 4.5%
IMP2 1996-2005 average 4.6%
2005 GDP (1987 price) RM 262b

OPP3 2001-2010 targeted 7.5%
9MP 2006-2010 targeted 6%
IMP3 2006-2020 targeted 6.3%

By 2020 Malaysia total trade will hit RM 2.8 trillion from RM 968b in 2005
Based on the progress so far, an achievable target for OPP3 by 2010 should be around 5.2%

Singapore economy growth rate (2000 prices)

1991-1995 average 8.8%
1996-2000 average 6.3%
2001-2005 average 4%
2005 GDP SGD 193b (2000 prices)

According to IE (International Enterprise) Singapore, it will hit a whopping $1.6 trillion by 2015, up from $810 billion last year. Singapore's trade is expected to cross the $1 trillion mark in 2009, and hit $1.6 trillion by 2015. Singapore with 4.5 million population is a larger trading nation in nominal USD terms as compared to Malaysia. I believe since 1965 till now Malaysia has always been trailing Singapore in terms of external trade.

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