Singapore GDP Data & Country Report

Singapore Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Singapore; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Monetary Authority of Singapore

International Reserves

US$ 249.177 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 253.736 billion (2010 estimate)

GDP (Purchasing Power Parity)

310.689 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
9.1%	-1.2%	4.2%	4.6%	9.2%	7.4%	8.6%	8.5%
2008	2009	2010	2011*
1.8%	-0.8%	14.5%	5.2%

*Estimate

GDP per capita - current prices

US$ 48,286 (2009 estimate)

GDP per capita - PPP

$59,124 International Dollars (2009 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.15%	0.22%	0.31%	0.39%	0.39%

**Forecast

GDP - composition by sector

agriculture: 0%
industry: 28.3%
services: 71.7% (2010 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

2.68% (2008)

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
6.6%(2008)	0.6%	2.8%	3.3%

*Estimate

Unemployment rate

2008	2009	2010	2011*
2.2%	3%	2.2%(2009)	2.2%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
86%	95.6%	105%	97.2%	93.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
10%	5.2%	-0.8%	2.4%	1.5%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: AAA/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$353.489 billion	US$180.021 billion	US$310.766 billion

Largest companies in Singapore

Wilmar International (Food Processing), SingTel (Telecommunications services), DBS Group (Major Banks), United Overseas Bank (Regional Banks), Oversea-Chinese Banking (Major Banks), Keppel (Conglomerates)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 51.8 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

20.4% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

220.5% (2008)

(Data released on December 2010)

Shares in world total merchandising export

2.31%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

3.03%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$351.2 billion f.o.b. (2010 estimate)

Export commodities

machinery and equipment (including electronics), consumer goods, pharmaceuticals and other chemicals, mineral fuels

Total imports

US$219.5 billion (2008 estimate)

Import commodities

machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods

Exports - major partners

Malaysia 12.9%, Hong Kong 10.5%, Indonesia 9.8%, China 9.7%, US 8.9%, Japan 4.8%, Thailand 4.1% (2007)

Imports - major partners

Malaysia 13.1%, US 12.5%, China 12.1%, Japan 8.2%, Taiwan 5.9%, Indonesia 5.6%, South Korea 4.9% (2007)

FDI inflows

2008	2009	2010
US$8,588 million	US$15,279 million(2009)	US$38,638 million(2009)

FDI outflows

2008	2009	2010
US$-256 million	US$18,464 million	US$19,739 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$6,992 million	US$2,762 million(2009)	US$7,851 million(2009)	US$2,139 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Shining Prospect Pte Ltd, Rio Tinto PLC, United Kingdom, $14.3 billion
Temasek Holdings(Pte)Ltd, Merrill Lynch & Co Inc, United States, $4.4 billion
SinoSing Power Pte Ltd, Tuas Power Ltd, Singapore, $3.1 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 1 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 4 out of 183 countries(2009)

Registering property: 15 out of 183 countries

Paying Taxes: 4 out of 183 countries

Getting credit: 6 out of 183 countries

Protecting investors: 2 out of 183 countries

Trading across border: 1 out of 183 countries

Enforcing Contracts: 13 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 2 Score: 87.2 (Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+8

Total area

699 km² (2006)

Capital

Singapore (2009)

Currency

Singapore dollars (SGD) (2009)

Government type

parliamentary republic (2009)

Languages

Mandarin 35%, English 23%, Malay 14.1%, Hokkien 11.4%, Cantonese 5.7%, Teochew 4.9%, Tamil 3.2%, other Chinese dialects 1.8%, other 0.9% (2000 census)

Religions

Buddhist 42.5%, Muslim 14.9%, Taoist 8.5%, Hindu 4%, Catholic 4.8%, other Christian 9.8%, other 0.7%, none 14.8% (2000 census)

Total population

1980	1990	2000	2010*	2015**
2.41 million	3.05 million	4.14 million	5.1 million	5.56 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
100%	100%	100%	100%

Population median age

38.0 years (2006)

Population growth rate

3% (2009)

Life expectancy

80 years (2007)

Adult literacy

94% (2000/2007)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

42.5 (1998)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:5
Civil Liberties:4 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

182.67% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

70% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Singapore: 8th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

6.9978 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

COUNTRY WINNERS DBS (National, 2012)

2011:

COUNTRY WINNERS DBS (National, 2011)

2010:

COUNTRY WINNERS DBS (National, 2010)

2009:

COUNTRY WINNERS Standard Chartered (2009)

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

DBS Bank (National, 2012)

2011:

United Overseas Bank (National, 2011)

2010:

DBS (National, 2010)

2009:

United Overseas Bank (Asia Pacific and Middle East, 2009)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Standard Chartered (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Standard Chartered (National, 2010)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Standard Chartered (National, 2010)

2009:

COUNTRY WINNERS / Best Consumer Internet Banks HSBC (2009)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (2009)

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:

COUNTRY WINNERS OCBC Bank (National, 2012)

2011:

COUNTRY WINNERS OCBC Bank (National, 2011)

2010:

COUNTRY WINNERS Islamic Bank of Asia (National, 2010)

2009:

COUNTRY WINNERS Islamic Bank of Asia (National, 2009)

WORLD'S SAFEST BANKS

2012:

REGIONAL WINNERS DBS Bank (Asia, 2012)
REGIONAL WINNERS Oversea-Chinese Banking Corporation (Asia, 2012)
REGIONAL WINNERS United Overseas Bank (Asia, 2012)
OVERALL SAFEST DBS Bank (Global, 2012)
OVERALL SAFEST Oversea-Chinese Banking Corporation (Global, 2012)
OVERALL SAFEST United Overseas Bank (Global, 2012)

2011:

REGIONAL WINNERS DBS Bank (Asia, 2011)
REGIONAL WINNERS Oversea-Chinese Banking Corporation (Asia, 2011)
REGIONAL WINNERS United Overseas Bank (Asia, 2011)
OVERALL SAFEST DBS Bank (Global, 2011)
OVERALL SAFEST Oversea-Chinese Banking Corporation (Global, 2011)
OVERALL SAFEST United Overseas Bank (Global, 2011)

2010:

REGIONAL WINNERS DBS Bank (Asia, 2010)
REGIONAL WINNERS Oversea-Chinese Banking Corporation (Asia, 2010)
REGIONAL WINNERS United Overseas Bank (Asia, 2010)
OVERALL SAFEST DBS Bank (Global, 2010)
OVERALL SAFEST Oversea-Chinese Banking Corporation (Global, 2010)
OVERALL SAFEST United Overseas Bank (Global, 2010)

2009:

OVERALL SAFEST DBS Bank (Global, 2009)
OVERALL SAFEST United Overseas Bank (Global, 2009)
OVERALL SAFEST Oversea-Chinese Banking Corp (Global, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS DBS (National, 2011)

2010:

COUNTRY WINNERS DBS (National, 2010)

2009:

COUNTRY WINNERS DBS (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2012:

COUNTRY WINNERS Standard Chartered (National, 2012)

2011:

COUNTRY WINNERS Standard Chartered Bank (National, 2011)

CENTRAL BANKER REPORT CARD

2011:

Grade: B (Ravi Menon, 2011)

2010:

Grade: B (Heng Swee Keat, 2010)

2009:

Grade: B (Heng Swee Keat, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

REGIONAL WINNERS DBS (Southeast Asia, 2012)
COUNTRY WINNERS DBS (National, 2012)

2011:

COUNTRY WINNERS DBS (National, 2011)
REGIONAL WINNERS DBS (Southeast Asia, 2011)

2010:

COUNTRY WINNERS DBS (National, 2010)

2009:

COUNTRY WINNERS DBS (National, 2009)
REGIONAL WINNERS DBS (Southeast Asia, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Singapore GDP Data & Country Report | Global Finance

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

2011:

2010:

2009:

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST INVESTMENT BANKS

2012:

2011:

CENTRAL BANKER REPORT CARD

2011:

2010:

2009:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: