Tuesday, December 13, 2016

World Bank's Top 50 economies in the world for 2015 based on GDP (PPP) size.

Malaysia is 26th largest economy (out of 187 counties) at Int$815.7 billion while Singapore is at 37th position with Int$471.2 billion.

Malaysia's economy size is clearly bigger than Singapore's size due to our 5 times bigger population size.

This gap will continue to increase as Malaysia pulls ahead of Singapore due to better economic growth in recent years.

Gross domestic product (GDP) is the value of all final goods and services produced within a state in a given year 

Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. The GDP dollar (INT$) data given on this page are derived from purchasing power parity (PPP) calculations.

Comparisons using PPP are arguably more useful than nominal when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income.

Full list of all 187 countries here:

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