Singapore: Economy

Economic Trivia

Singapore has been ranked as having the most open, least corrupt, and most pro-business economy in the world.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: Malaysia, China, and Indonesia
Top 3 Exported Goods: Electrical Machinery, Oil & Mineral Fuels, and Industrial Machinery

Top Industries Source: CIA World Factbook

Electronics; Chemicals; Financial Services; Oil Drilling Equipment

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $425 billion (2013)
GDP Growth Rate (annual %) 3.851% (2013)
GDP Per Capita, PPP (current international $) $78,744 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 38/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.387% (2013)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 27.1% (2013)
Real Interest Rate (5 year average %) 5.249% (2013)
Manufacturing, value added (% of GDP) 18.757% (2013)
Current Account Balance (BoP, current US$) $51,437,244,151 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 3,021,715 (2012)
Employment in Agriculture (% of total employment) 1.1% (2009)
Employment in Industry (% of total employment) 21.8% (2009)
Employment in Services (% of total employment) 77.1% (2009)
Unemployment Rate 2.8% (2012)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $499,076 million (2013)
Exports of goods and services (current US$) $567,644 million (2013)
Total Merchandise Trade (% of GDP) 274.693% (2012)
FDI, net inflows (BoP, current US$) $63,772 million (2013)
Commercial Service Exports (current US$) $118,763,639,346 (2012)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Singapore’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary