BN: Comparing M’sia to S’pore is flawed on many levels

BN: Comparing M’sia to S’pore is flawed on many levels

Barisan Nasional Strategic Communications team says it is better for opposition to compare the two nations' purchasing power parity instead.

bn-malaysia-singapore
PETALING JAYA:
The Barisan Nasional Strategic Communications team says that DAP should stop comparing Malaysia’s gross domestic product (GDP) to that of Singapore’s when arguing that the nation’s economy had failed.

In a statement, the team argued that it would be better to compare the GDP purchasing power parity (PPP) of the two countries instead.

Comparing the GDP of a “small city state” like Singapore to Malaysia they said, was akin to saying that Washington DC was four times more successful than the state of Mississippi or Monaco was four times more successful than France.

The DAP and its cybertroppers they added, should also realise that Malaysia’s GDP per capita growth between 2008 and 2015 had outperformed that of Singapore’s.

Singapore’s GDP per capita, it noted, grew 21.58% between 2008 to 2015 while Malaysia achieved 22.73% in the same period.

“This means we are catching up, especially in the last few years and the next few years where our GDP growth will exceed Singapore’s by a good margin.”

The statement also suggested it was better to compare the two nations by using the GDP PPP which stripped out currency effects to compare standard of living.

In 2015, Malaysia’s GDP (PPP) was at Int$26,211 and ranked at 47th place just above Russia while Singapore which was at Int$85,382, ranked 3rd.

Using the same PPP ratio, it said that Kuala Lumpur’s GDP per capita (PPP) would stand at Int$66,914.

“This is why you see that the average daily lifestyle of those staying in Kuala Lumpur is not much different when compared to Singapore.

“And this is not even fair on Kuala Lumpur as taxes collected in KL are spent to subsidise development in other parts of Malaysia whereas taxes in Singapore are spent developing Singapore only.”

The team said the DAP should be more concerned that the GDP growth of DAP-led Penang was far behind that of Kuala Lumpur’s.

During the 2008 to 2015 period, Kuala Lumpur’s GDP per capita jumped 111.4% from RM44,801 to RM94,722 while Penang state’s GDP per capita, it noted, only grew 44.5% from RM31,039 to RM44,847 during the same period.

“Going by the same logic as them, shouldn’t the DAP train their guns at DAP Penang and Lim Guan Eng instead?”

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