Source
Central bank

Monetary Authority of Singapore

International Reserves

USD 287.7 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 361.1 billion (2018, estimate)

IMF - World Economic Outlook, October 2019

GDP (Purchasing Power Parity)

Intl$ 565.8 billion (2018, estimate)

IMF - World Economic Outlook, October 2019

Real GDP growth
2014 2015 2016 2017* 2018*
4.1% 2.5% 2.8% 3.9% 3.2%

*Estimate

GDP per capita - current prices

USD 64,041.4 (2018, estimate)

GDP per capita - PPP

Intl$ 100,344.7 (2018, estimate)

GDP (PPP) - share of world total

0.42% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 0% 
  • industry: 25.2% 
  • services: 69.4%

(2016 estimate)

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

2.2% (2014)

OECD, retrieved October 2019

 

Inflation
2014 2015 2016 2017* 2018*
-0.5% -0.5% 0.6% 0.4% 0.7%

*Estimate

Unemployment rate
2014 2015 2016 2017* 2018*
1.9% 2.1% 2.2% 2.1% 2.2%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
102.3% 106.9% 109.5% 113.6% 114.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
2.9% 3.7% 5.4% 3.6% 4.3%

*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
2016 2017 2018
USD 640.4 billion USD 787.3 billion USD 687.3 billion
Largest companies

DBS, Oversea-Chinese Banking, United Overseas Bank, SingTel, Wilmar International, CapitaLand, Singapore Airlines, Keppel, Olam International, Flex, Frasers Property Limited, China Aviation Oil, Sembcorp Industries

 
 
Source
Current account balance

USD 65.1 billion (2018 estimate)

Current account balance by percentage of GDP

17.9 % (2018 estimate)

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

176.4% (2018)

Shares in world total merchandising export

2.12% (2018)

Shares in world total commercial services export

3.18% (2018)

Total exports

USD 634.8 billion (2018)

Export commodities

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

Total imports

USD 540.2 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

China 14.7%, Hong Kong 12.6%, Malaysia 10.8%, US 6.6%, Indonesia 5.8%, Japan 4.7%, South Korea 4.6%, Thailand 4% (2017)

Imports - major partners

China 13.9%, Malaysia 12%, US 10.7%, Japan 6.3%, South Korea 5% (2017)

FDI inflows
2016 2017 2018
USD 73,863 million USD 75,723 million USD 77,646 million
FDI outflows
2016 2017 2018
USD 39,782 million USD 43,696 million USD 37,143 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 20,533 million USD 6,280 million USD 12,851 million USD 4,255 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 2016* 2021*
3.047 million 4.028 million 5.077 million 5.591 million 5.863 million

*Estimate   

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
46.6% 48.4% 56.9% 66.4%
Population median age

34.9 (2019 estimate)

Population growth rate

1.79% (2018 estimate)

Life expectancy

85.5 years (2018 estimate)

Literacy

Total population: 97% 
Male: 98.7% 
Female: 95.4%
Definition: age 15 and over can read and write (2016 est.)

% 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 (2019)                         

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

Source
Total telephone subscribers as % of population

Fixed: 34.2% Mobile: 145.7% (2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

88.17 % (2018)

Mercer Cost of living index

Singapore: 3rd (2019)

CO2 emissions

10.31 metric tons per capita (2014)

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