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 level of utility (or standard of living or welfare).

 
 
Source
Central bank

Monetary Authority of Singapore

International Reserves

US$ 273.658 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 304 billion (2014 estimate)

GDP (Purchasing Power Parity)

367 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.6% 9.2% 7.4% 8.9% 9.0% 1.9% -0.6% 15.1%
2011 2012 2013 2014*        
6.0% 1.9% 4.1% 3.6%        

*Estimate

GDP per capita - current prices

US$ 55,568 (2014 estimate)

GDP per capita - PPP

$67,035 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.15% 0.23% 0.31% 0.39% 0.40%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0% 
  • industry: 29.4% 
  • services: 70.6% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
5.2% 4.6% 2.4% 2.3%

*Estimate

Unemployment rate
2011 2012 2013 2014*
2.0% 2.0% 1.9% 2.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
98.5% 102.2% 107.9% 103.8% 102.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
7.3% 9.3% 8.7% 6.9% 6.0%

*Estimate   

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2011* 2012 2013**
US$569.4 billion US$709.4 billion US$718.8 billion

 *2011 Estimate     **2013 Estimate 

Largest companies in Singapore

DBS Group, Oversea-Chinese Banking, Wilmar International, SingTel, United Overseas Bank, Keppel Corp, Singapore Airlines, CapitaLand, Sembcorp Industries, Global Logistic Properties, Flextronics International, Avago Technologies, City Developments, ST Engineering, Olam International, Golden Agri-Resources, China Aviation Oil

 
 
Source
Current account balance

US$ 53.706 billion (2014 estimate)

Current account balance by percentage of GDP

17.66% of GDP (2014 estimate)

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

190.5% (2013)

Shares in world total merchandising export

2.22% (2012)

Shares in world total commercial services export

2.55% (2012)

Total exports

US$410.3 billion (2013 estimate) 

Export commodities

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

Total imports

US$373 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Malaysia 12.3%, Hong Kong 10.9%, China 10.8%, Indonesia 10.6%, US 5.5%, Japan 4.6%, Australia 4.2%, South Korea 4% (2012)

Imports - major partners

Malaysia 10.6%, China 10.3%, US 10.2%, South Korea 6.8%, Japan 6.2%, Indonesia 5.3%, Saudi Arabia 4.5%, UAE 4.1% (2012)

FDI inflows
2011 2012 2013
US$50,368 million US$61,159 million US$63,772 million
FDI outflows
2011 2012 2013  
US$23,492 million US$13,462 million US$26,967 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$8,953 million US$8,044 million US$802 million US$6,269 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 1 out of 189 countries (2013)

Subcategories:

Starting a business: 3 out of 189 countries

Enforcing Contracts: 12 out of 189 countries

Registering Property: 28 out of 189 countries

Getting credit: 3 out of 189 countries

Protecting investors: 2 out of 189 countries

Trading across border: 1 out of 189 countries

Paying Taxes: 5 out of 189 countries

Dealing with Construction Permits: 3 out of 189 countries

Getting Electricity: 6 out of 189 countries

Resolving Insolvency: 4 out of 189 countries

(2013)

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

2

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 2 Score: 89.4 (Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+8

Total area

697 sq km

Capital

Singapore

Currency

Singapore dollars (SGD)

Government type

parliamentary republic

Languages

Mandarin (official) 36.3%, English (official) 29.8%, Malay (official) 11.9%, Hokkien 8.1%, Tamil (official) 4.4%, Cantonese 4.1%, Teochew 3.2%, other Indian languages 1.2%, other Chinese dialects 1.1%, other 1.1% (2010 est.)

Religions

Buddhist 33.9%, Muslim 14.3%, Taoist 11.3%, Catholic 7.1%, Hindu 5.2%, other Christian 11%, other 0.7%, none 16.4% (2010 est.)

Total population
1990 2000 2010 2014* 2019**
3.047 million 4.028 million 5.077 million 5.473 million 5.748 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
100% 100% 100% 100%
Population median age

33.8 years (2014 est.)

Population growth rate

1.92% (2014 est.)

Life expectancy

84.38 years (2014 estimate)

Adult literacy

 95.9% (2010 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 4
Civil Liberties: 4 (2014)

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

Total telephone subscribers as % of population

Fixed 36.4%   Mobile 155.6% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

73.00% (2013)

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 4th (2014)

CO2 emissions(Metric tons of CO2 per capita)

2.7 (2010)

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