Economy of Singapore

Economy of Singapore

Economy of Singapore
Singapore Skyline in the Early Morning.JPG
Currency Singapore dollar (SGD)
Fiscal year 1 April - 31 March
Trade organisations WTO, APEC, IOR-ARC, ASEAN
Statistics
GDP S$235.7 billion (2009 est.)
GDP growth 17.9% (first half of 2010 est.)[1]
GDP per capita S$50,300 (2009 est.)
GDP by sector agriculture: 0%; industry: 26.8%; services: 73.2% (2009 est.)
Inflation (CPI) 0.2% (2009 est.)
Population
below poverty line
N/A
Gini index 48.1 (2008)
Labour force 3.03 million (2009 est.)
Labour force
by occupation
manufacturing 18%, construction 6%, transportation and communication 11%, financial, business, and other services 39%, other 26% (2003)
Unemployment 3% (2009 est.)
Main industries electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade
Ease of Doing Business Rank 1st[2]
External
Exports S$268.9 billion (2009 est.)
Export goods machinery and equipment (including electronics), consumer goods, pharmaceuticals and other chemicals, mineral fuels
Main export partners Hong Kong 11.6%, Malaysia 11.5%, United States 11.2%, Indonesia 9.7%, China 9.7%, Japan 4.6% (2009 est.)
Imports S$245 billion (2009 est.)
Import goods machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods
Main import partners United States 14.7%, Malaysia 11.6%, China 10.5%, Japan 7.6%, Indonesia 5.8%, South Korea 5.7% (2009 est.)
FDI stock $264.1 billion (31 December 2009 est.)
Gross external debt $19.2 billion (31 December 2009 est.)
Public finances
Public debt 117.6% of GDP (2009 est.)
Revenues S$21.29 billion (2009 est.)
Expenses S$24.14 billion (2009 est.)
Economic aid none
Credit rating
Foreign reserves

Macro-economic trend

This is a chart of trend of gross domestic product of Singapore at market prices estimated by the International Monetary Fund.

Year Gross Domestic Product
($ millions)
US Dollar Exchange Nominal Per Capita GDP
(as % of USA)
PPP Per Capita GDP
(as % of USA)
1980 25,117 2.14 Singapore Dollars 39.65 55.00
1985 39,036 2.20 Singapore Dollars 36.63 63.41
1990 66,778 1.81 Singapore Dollars 52.09 74.76
1995 119,470 1.41 Singapore Dollars 86.14 90.60
2000 159,840 1.72 Singapore Dollars 66.19 91.48
2005 194,360 1.64 Singapore Dollars 67.54 103.03
2007 224,412 1.42 Singapore Dollars 74.61 107.92
2008 235,632 1.37 Singapore Dollars 73.71 107.27
2009 268,900 1.50 Singapore Dollars 78.53 108.33
2010 309,400 1.32 Singapore Dollars 82.13 119.54