Malaysia vs Singapore: Goods and services expense
Goods and services expense over time
- Malaysia
- Singapore
How they compare
Malaysia currently reports 37.67 billion current LCU against 34.23 billion current LCU in Singapore, a difference of 3.44 billion current LCU.
That makes Malaysia's figure about 1.1 times Singapore's.
The two have swapped places 4 times across 29 shared years of data; in 1996 it was Malaysia ahead.
Malaysia ranks 75th and Singapore ranks 78th of 155 countries.
Malaysia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Malaysia | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.09 billion current LCU | 6.97 billion current LCU | 122.50 million current LCU | Malaysia |
| 2000s | 17.65 billion current LCU | 11.20 billion current LCU | 6.46 billion current LCU | Malaysia |
| 2010s | 32.08 billion current LCU | 18.99 billion current LCU | 13.09 billion current LCU | Malaysia |
| 2020s | 32.50 billion current LCU | 31.87 billion current LCU | 629.10 million current LCU | Malaysia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Malaysia or Singapore?
- Malaysia, at 37.67 billion current LCU against 34.23 billion current LCU in Singapore as of 2024.
- What is the difference in goods and services expense between Malaysia and Singapore?
- 3.44 billion current LCU, with Malaysia ahead.
- How many years of comparable data are there for Malaysia and Singapore?
- 29 years are reported by both, from 1996 to 2024.
- How do Malaysia and Singapore rank globally for goods and services expense?
- Malaysia ranks 75th and Singapore ranks 78th of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.