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
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.)
below poverty line
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]
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


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