Global news and insight for corporate financial professionals
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Singapore economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Singapore best banks and safest banks are also available.
Loo Siew Yeen, assistant managing director at the Monetary Authority of Singapore, talks about digital changes and how the central bank is handling spillover effects of the US-China trade war and Hong Kong turmoil.
USD 247.5 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 311.3 billion (2017, estimate)
Intl$ 508.4 billion (2017, estimate)
| 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
USD 55,252.4 (2017, estimate)
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.17% | 0.25% | 0.34% | 0.41% | 0.4% |
*Estimate
(2016 estimate)
2.2% (2014)
OECD, data retrieved January 2017
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 2.4% | 1.0% | -0.5% | -0.3% | 1.1% |
*Estimate
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 1.9% | 2.0% | 1.9% | 2.0% | 2.0% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 103.1% | 98.5% | 104.7% | 106.4% | 105.7% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 6.7% | 5.5% | 2.6% | 2.4% | 2.4% |
*Estimate
Standard & Poor's: AAA
Moody's: Aaa
Standard & Poor's / Moody's (Updated January 2017)
| 2013 | 2014 | 2015 |
| USD 744.4 billion | USD 752.8 billion | USD 640 billion |
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.
19.3% (2017 estimate)
176.5% (2015)
2.1% (2015)
2.9% (2015)
Machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products, foodstuffs and beverages
Machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods
China 13.7%, Hong Kong 11.5%, Malaysia 10.8%, Indonesia 8.2%, US 6.9%, Japan 4.4%, South Korea 4.1% (2015)
China 14.2%, US 11.2%, Malaysia 11.2%, Japan 6.3%, South Korea 6.1%, Indonesia 4.8% (2015)
| 2013 | 2014 | 2015 |
| USD 66,067 million | USD 68,496 million | USD 65,262 million |
| 2013 | 2014 | 2015 |
| USD 39,592 million | USD 39,131 million | USD 35,485 million |
| 2012 | 2013 | 2014 | 2015 |
| USD 795.2 million | USD 6530.8 million | USD 17163.2 million | USD 21130.3 million |
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 )
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 )
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
2 out of 138 countries
(2016-2017)
Ranking: 2 / Score: 87.78 (Free) (2016)
(100=totally free 0=totally repressed)
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.)
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.)
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 3.047 million | 4.028 million | 5.077 million | 5.591 million | 5.863 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 100% | 100% | 100% | 100% |
Total population: 96.8%
Male: 98.6%
Female: 95% (2015 est.)
(age 15 and over can read and write)
Political Rights: 4
Civil Liberties: 4 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 35.88% Mobile 146.53% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)