Southeast Asia > Singapore > Economy

View full size

Agriculture > products rubber, copra, fruit, orchids, vegetables, poultry, eggs, fish, ornamental fish
Big Mac Index	$2.20		[35th of 65]
Source: CIA World Factbook, 28 July 2005
Business efficiency	89.679		[3rd of 51]
Source: The Economist.
Debt > External	$25,590,000,000.00		[63rd of 136]
Source: IMD International, 2005
Distribution of family income > Gini index	52.2		[5th of 43]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economic freedom	3.5		[2nd of 156]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economy > Overview Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP equal to that of the four largest West European countries. The economy depends heavily on exports, particularly in consumer electronics and information technology products. It was hard hit from 2001-03 by the global recession, by the slump in the technology sector, and by an outbreak of Severe Acute Respiratory Syndrome (SARS) in 2003, which curbed tourism and consumer spending. Fiscal stimulus, low interest rates, a surge in exports, and internal flexibility led to vigorous growth in 2004-07 with real GDP growth averaging 7% annually. The government hopes to establish a new growth path that will be less vulnerable to the global demand cycle for information technology products - it has attracted major investments in pharmaceuticals and medical technology production - and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.
Source: The Heritage Foundation
Exchange rates Singapore dollars per US dollar - 1.6902 (2004), 1.7422 (2003), 1.7906 (2002), 1.7917 (2001), 1.724 (2000)
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Exports	$302,700,000,000.00		[14th of 189]
Source: CIA World Factbook, 28 July 2005
GDP	$132,158,500,000.00		[40th of 203]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP > PPP	$118,226,000,000.00		[54th of 163]
Source: World Development Indicators database and CIA World Factbook
GDP > Real growth rate	7.7%		[35th of 198]
Source: World Bank. 2005. World Development Indicators 2005.
GDP growth > annual %	6.38 annual %		[45th of 187]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GINI index	42.48		[20th of 40]
Source: World Development Indicators database
Gross National Income	$88,812,300,000.00		[33rd of 172]
Source: World Development Indicators database
Human Development Index	0.907		[25th of 178]
Income category	High income: nonOECD
Source: Human Development Report 2006, United Nations Development Programme
Public debt	96.3 % of GDP		[8th of 121]
Source:
Research and development spending	1.1%		[26th of 69]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Tourist arrivals	6,531,000		[18th of 152]
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; aggregates calculated for the Human Development Report Office by the World Bank

Related links:

• Forum discussion > Economy
• Looking for Information on the U.S. Economy? Check out StateMaster
• Stay updated with current stat feeds! Subscribe to the Economy RSS / Atom feeds
•  Subscribe to our popular Economy factoids RSS / Atom feeds
• Save this page on  del.icio.us / furl / your bookmarks

More facts and figures on Singapore