Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given ...

 
 
Source
Central bank

Monetary Authority of Singapore

International Reserves

US$ 243.798 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 270.02 billion (2011 estimate)

GDP (Purchasing Power Parity)

327.557 billion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-1.2% 4.2% 4.6% 9.2% 7.4% 8.6% 8.5% 1.7%
2009 2010 2011 2012*        
-1% 14.8% 4.9% 2.7%        

*Estimate

GDP per capita - current prices

US$ 50,324 (2010 estimate)

GDP per capita - PPP

$61,047 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.15% 0.22% 0.31% 0.39% 0.39%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 0% 
  • industry: 28.3% 
  • services: 71.7% (2010 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.6%(2008) 2.8% 5.2% 3.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
3% 2.2% 2%(2009) 2.1%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
96.9% 103.4% 101.2% 100.8% 98%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
5.6% -0.5% 5.1% 7.3% 5.5%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$474.3 billion US$620.5 billion US$569.4 billion
Largest companies in Singapore

Singapore Airlines (Airline), Singapore Technologies (Auto & Truck Parts), Keppel (Conglomerates), Fraser & Neave (Conglomerates), SembCorp Industries (Construction Service), Flextronics International (Electronics), Wilmar International (Food Processing), Golden Agri-Resources (Food Processing), Olam International (Food Processing), DBS Group (Major Banks), Oversea-Chinese Banking (Major Banks), Hutchison Port Holdings (Other Transportation), CapitaLand (Real Estate), Global Logistic Properties (Real Estate), City Developments (Real Estate), United Overseas Bank (Regional Banks), Avago Technologies (Semiconductors), SingTel (Telecommunications Services) (2012)

 
 
Source
Current account balance

US$ 58.9 billion (2011 estimate)(After 2008)

Current account balance by percentage of GDP

21.8% of GDP (2011 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

211.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export

2.24%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

3.09% (2011)(2007)

(Data were released in 2012)

Total exports

US$408.4 billion (2012 estimate) 

Export commodities

machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products

Total imports

US$379.7 billion (2012 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Malaysia 12.2%, Hong Kong 11%, China 10.4%, Indonesia 10.4%, US 5.4%, Japan 4.5% (2011 estimate)

Imports - major partners

Malaysia 10.7%, US 10.7%, China 10.4%, Japan 7.2%, South Korea 5.9%, Taiwan 5.9% (2011 estimate)

FDI inflows
2009 2010 2011
US$24,418 million US$48,637 million(2009) US$64,003 million(2009)
FDI outflows
2009 2010 2011  
US$17,704 million US$21,215 million US$25,227 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$8,233 million(2009) US$7,743 million
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

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

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Investor Group, Frac Tech Holdings LLC, United States, $3.5 billion(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 1 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 4 out of 185 countries(2009)

Enforcing Contracts: 12 out of 185 countries

Registering Property: 36 out of 185 countries

Getting credit: 12 out of 185 countries

Protecting investors: 2 out of 185 countries

Trading across border: 1 out of 185 countries

Paying Taxes: 5 out of 185 countries

Dealing with Construction Permits: 2 out of 185 countries

Getting Electricity: 5 out of 185 countries

Resolving Insolvency: 2 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

2

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 2 Score: 87.5 (Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
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 2012* 2017**
2.41 million 3.05 million 4.14 million 5.37 million 5.85 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
100% 100% 100% 100%
Population median age

38 years (2010)

Population growth rate

2.1% (2011)

Life expectancy

81 years (2010)

Adult literacy

95% (2005/2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

42.48 (1998)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:4 (2011)

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

Source
Total telephone subscribers as % of population

188.37% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

75% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer 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)

Source
CO2 emissions(Metric tons of CO2 per capita)

6.4493 (Data were released in 2012 and refer to 2009)

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