Singapore

Singapore has a highly developed market-based economy, which has historically revolved around extended entrep?t trade, in other words an export driven economy hugely dependant on export of goods to other countries. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the Four Asian Tigers. The economy depends heavily on exports and refining imported goods, especially in manufacturing. Manufacturing constituted 26% of Singapore’s GDP in 2005. The manufacturing industry is well-diversified with significant electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences manufacturing sectors. In 2006, Singapore produced about 10% of the world’s foundry wafer output.Singapore has one of the busiest ports in the world and is the world’s fourth largest foreign exchange trading centre after London, New York City and Tokyo.

Demographic Data

Economic Data

Cultural & Other Data

GDP (PPP, $bn)

240

Capital

Singapore

Area (sq. km.)

692.7

GDP Real

Growth (%)

1.2

Primary Language

English

Population (million)

4.66

PerCap GDP ($)

52,000

Secondary Language

Malay, Mandarin, Tamil

Population

Growth %

0.998

Prime Lending

Rate (%)

5.38

Urban

Population %

100

% Population

Under 15yrs

14.4

Inflation Rate%

4.3

Urban Growth %

1.2

Population below

poverty line (%)

NA

Unemployment%

2.3

Literacy

(% of population)

92.5

Agricultural Workers

(% of population)

0

Foreign Direct

Investment($bn)

225.7

Education spending

as % of GDP

3.7

Industrial Workers

(% of population)

23

Debt-External

($bn)

25.54

CPI Score

(1-10)*

9.2

Service Workers

(% of population)

77

Exports ($bn)

235.8

Corporate Income Tax %

18

Labor Force (mil)

2.96

Imports ($bn)

219.5

Ease of Doing

Business Ranking **

1

CURRENCY EXCHANGE RATE

05/15/09 $1 = 1.46 SGD

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