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 (2021): China, Malaysia, and United States
Top 3 Exported Goods (2021): Electrical Machinery, Industrial Machinery, and Oil & Mineral Fuels

Top Industries Source: CIA World Factbook

Electronics; Chemicals; Financial Services; Oil Drilling Equipment

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $719,084,211,827 (2022)
GDP Growth Rate (annual %) 3.647% (2022)
GDP Per Capita, PPP (current international) $127,565 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 37/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 6.121% (2022)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 21% (2019)
Real Interest Rate (5 year average %) -3.249% (2021)
Manufacturing, value added (% of GDP) 20.501% (2022)
Current Account Balance (BoP, current US$) $90,239,361,702 (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,492,851 (2022)
Employment in Agriculture (% of total employment) 0.325% (2021)
Employment in Industry (% of total employment) 14.419% (2021)
Employment in Services (% of total employment) 85.257% (2021)
Unemployment Rate 2.758% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $701,629,497,099 (2022)
Exports of goods and services (current US$) $870,805,996,132 (2022)
Total Merchandise Trade (% of GDP) 212.383% (2022)
FDI, net inflows (BoP, current US$) $140,844,052,224 (2022)
Commercial Service Exports (current US$) $290,934,356,867 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank