Source
Central bank

Monetary Authority of Singapore

International Reserves

USD 247.5 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 311.3 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 508.4 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
8.9% 9.1% 1.8% -0.6% 15.2% 6.2% 3.7%
2013 2014 2015 2016* 2017*    
4.7% 3.3% 2% 1.7% 2.2%    

*Estimate

GDP per capita - current prices

USD 55,252.4 (2017, estimate)

GDP per capita - PPP

Intl$ 90,249.5 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.17% 0.25% 0.34% 0.41% 0.4%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0% 
  • industry: 26.6% 
  • services: 73.4%

(2016 estimate)

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

2.2% (2014)

OECD, data retrieved January 2017

 

Inflation
2013 2014 2015 2016* 2017*
2.4% 1.0% -0.5% -0.3% 1.1%

*Estimate

Unemployment rate
2013 2014 2015* 2016* 2017*
1.9% 2.0% 1.9% 2.0% 2.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
103.1% 98.5% 104.7% 106.4% 105.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
6.7% 5.5% 2.6% 2.4% 2.4%

*Estimate   

Government bond ratings

Standard & Poor's: AAA

Moody's: Aaa

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 744.4 billion USD 752.8 billion USD 640 billion
Largest companies

DBS Group, Oversea-Chinese Banking, SingTel, United Overseas Bank, Wilmar International, Keppel Corp, Singapore Airlines, CapitaLand, Flextronics International, Global Logistic Properties, Olam International, Sembcorp Industries, City Developments, Frasers Centrepoint, Neptune Orient Lines, ST Engineering, Golden Agri-Resources.

 
 
Source
Current account balance

USD 60.1 billion (2017 estimate)

Current account balance by percentage of GDP

19.3% (2017 estimate)

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

176.5% (2015)

Shares in world total merchandising export

2.1% (2015)​

Shares in world total commercial services export

2.9% (2015)

Total exports

USD 353.3 billion (2016 estimate)

Export commodities

Machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products, foodstuffs and beverages

Total imports

USD 271.3 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

China 13.7%, Hong Kong 11.5%, Malaysia 10.8%, Indonesia 8.2%, US 6.9%, Japan 4.4%, South Korea 4.1% (2015)

Imports - major partners

China 14.2%, US 11.2%, Malaysia 11.2%, Japan 6.3%, South Korea 6.1%, Indonesia 4.8% (2015)

FDI inflows
2013 2014 2015
USD 66,067 million USD 68,496 million USD 65,262 million
FDI outflows
2013 2014 2015
USD 39,592 million USD 39,131 million USD 35,485 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 795.2 million USD 6530.8 million USD 17163.2 million USD 21130.3 million
Cross-border M&A deals worth over $3 billion completed in 2014

Mayon Investments Pte Ltd, AS Watson Holdings Ltd, Hong Kong, China, USD 5.7 billion / OCBC Pearl Ltd, Wing Hang Bank Ltd, Hong Kong, China, USD 4.8 billion

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

Cross-border M&A deals worth over $3 billion completed in 2015

Investor Group, IndCor Properties Inc, United States, USD 8.1 billion / Global Logistic Properties Ltd, Industrial Income Trust Inc-US Logistics Portfolio, United States, USD 4.6 billion

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 2 out of 190 countries (2017)

Subcategories:

Starting a business: 6 out of 190 countries

Enforcing Contracts: 2 out of 190 countries

Registering Property: 19 out of 190 countries

Getting Credit: 20 out of 190 countries

Protecting Minority Investors: 1 out of 190 countries

Trading Across Borders: 41 out of 190 countries

Paying Taxes: 8 out of 190 countries

Dealing with Construction Permits: 10 out of 190 countries

Getting Electricity: 10 out of 190 countries

Resolving Insolvency: 29 out of 190 countries

Global competitiveness ranking

2 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 2 / Score: 87.78 (Free) (2016)

(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 $3.10 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)

Source
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)

Mercer Cost of living index

Singapore 4th (2014)

CO2 emissions

2.7 (2010)

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