Singapore Economic Statistics and Indicators

27, May 2012, CEST. Welcome to the Singapore economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Singapore › Change country
National or Regional Currency: Singapore Dollar, SGD
Year of data: 2010 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 4,740,737 (July 2011 est.)
Area: total: 697 sq km land: 687 sq km water: 10 sq km
Natural Resources: fish, deepwater ports
Capital: name: Singapore geographic coordinates: 1 17 N, 103 51 E time difference: UTC+8 (13 hours ahead of Washington, DC during Standard Time)
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International

Singapore has a highly developed and successful free market economy. It enjoys a remarkably open and corruption -free environment, low inflation, and a per capita GDP higher than that of most developed countries. Its economy depends heavily on exports, in particular in consumer electronics, data technology products, pharmaceuticals, and on an expanding service sector.
More on the Singapore Economy
More on the Singapore Export, Import and Trade

Economic Indicator Listing
  For Singapore in year 2010 Indicator Value
GDP Growth (Constant Prices, National Currency) 14.471 %
GDP (Current Prices, National Currency)SGD 303.652 Billion.
GDP (Current Prices, US Dollars)US$ 222.699 Billion
GDP Deflator 106.709 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)SGD 55,093.67 .
GDP Per Capita (Current Prices, National Currency)SGD 58,789.97 .
GDP Per Capita (Current Prices, US Dollars)US$ 43,116.69
GDP (PPP), US DollarsUS$ 291.937 Billion
GDP Per Capita (PPP), US DollarsUS$ 56,521.73
GDP Share of World Total (PPP) 0.394 %
Implied PPP Conversion Rate 1.04
Investment (% of GDP) 23.834 %
Gross National Savings (% of GDP) 46.041 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 102.797 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 2.823 %
Inflation, End of Year (Indexed to Year 2000) 104.393 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3.967 %
Import Volume of All Items Including Goods and Services (Percent Change) 7.804 %
Import Volumes of Goods Only (Percent Change) 6.465 %
Export Volume of All Items Including Goods and Services (Percent Change) 10.52 %
Export Volumes of Goods Only (Percent Change) 11.347 %
Value of Oil ImportsUS$ 78.101 Billions
Value of Oil ExportsUS$ 70.651 Billions
Unemployment Rate (% of Labour Force) 2.2 %
Employment 2.795 Million
Population 5.165 Million
General government revenue (National Currency)SGD 71.999 Billions.
General government revenue (% of GDP) 23.249 %
General government total expenditure (National Currency)SGD 55.726 Billions.
General government total expenditure (% of GDP) 17.995 %
Total Government Net Lending/ Borrowing (National Currency)SGD 16.273 Billions.
Total Government Net Lending/ Borrowing (% of GDP) 5.255 %
General Government Structural Balance (National Currency)SGD 10.412 Billion.
General Government Structural Balance (% Potential GDP) 3.481 %
General Government Balance (National Currency)SGD 14.146 Billion.
General Government Balance (% of GDP) 4.568 %
Total Government Gross Debt (National Currency)SGD 300.945 Billion.
Total Government Gross Debt (% of GDP) 97.179 %
Fiscal Year Gross Domestic Product, Current PricesSGD 309.681 Billions.
Current Account Balance (US Dollars)US$ 49.454 Billion
Current Account Balance (% GDP) 22.207 %
Economic Indicators for Singapore 2010

GDP (Constant Prices, National Currency) for Singapore in year 2010 is SGD 284.561 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Singapore in year 2010 is 14.471 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Singapore in year 2010 is SGD 303.652 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Singapore in year 2010 is US$ 222.699 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP Deflator for Singapore in year 2010 is 106.709 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Singapore in year 2010 is SGD 55,093.67 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Singapore in year 2010 is SGD 58,789.97 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Singapore in year 2010 is US$ 43,116.69 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

GDP (PPP), US Dollars for Singapore in year 2010 is US$ 291.937 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Singapore in year 2010 is US$ 56,521.73 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Singapore in year 2010 is 0.394 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Implied PPP Conversion Rate for Singapore in year 2010 is 1.04 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Investment (% of GDP) for Singapore in year 2010 is 23.834 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for Singapore in year 2010 is 46.041 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Singapore in year 2010 is 102.797 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Singapore in year 2010 is 2.823 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Singapore in year 2010 is 104.393 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Singapore in year 2010 is 3.967 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Singapore in year 2010 is 7.804 %.

Import Volumes of Goods Only (Percent Change) for Singapore in year 2010 is 6.465 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Singapore in year 2010 is 10.52 %.

Export Volumes of Goods Only (Percent Change) for Singapore in year 2010 is 11.347 %.

Value of Oil Imports for Singapore in year 2010 is US$ 78.101 Billions. Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units.

Value of Oil Exports for Singapore in year 2010 is US$ 70.651 Billions. Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units.

Unemployment Rate (% of Labour Force) for Singapore in year 2010 is 2.2 %.

Employment for Singapore in year 2010 is 2.795 Million .

Population for Singapore in year 2010 is 5.165 Million .

General government revenue (National Currency) for Singapore in year 2010 is SGD 71.999 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government revenue (% of GDP) for Singapore in year 2010 is 23.249 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (National Currency) for Singapore in year 2010 is SGD 55.726 Billions. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

General government total expenditure (% of GDP) for Singapore in year 2010 is 17.995 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (National Currency) for Singapore in year 2010 is SGD 16.273 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.

Total Government Net Lending/ Borrowing (% of GDP) for Singapore in year 2010 is 5.255 %.

General Government Structural Balance (National Currency) for Singapore in year 2010 is SGD 10.412 Billion. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

General Government Structural Balance (% Potential GDP) for Singapore in year 2010 is 3.481 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

General Government Balance (National Currency) for Singapore in year 2010 is SGD 14.146 Billion. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

General Government Balance (% of GDP) for Singapore in year 2010 is 4.568 %. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

Total Government Gross Debt (National Currency) for Singapore in year 2010 is SGD 300.945 Billion. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Total Government Gross Debt (% of GDP) for Singapore in year 2010 is 97.179 %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Fiscal Year Gross Domestic Product, Current Prices for Singapore in year 2010 is SGD 309.681 Billions. Gross domestic product corresponding to fiscal year is the country's GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country's GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices.

Current Account Balance (US Dollars) for Singapore in year 2010 is US$ 49.454 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Singapore in year 2010 is 22.207 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

* Source: IMF
Aggregate Indicators for Singapore
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Singapore
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Singapore
  Natural Resources, Agricultural Products, Land Use and Water Use for Singapore
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Singapore
  Age Structure, Median Age, Gender and Urbanization for Singapore
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Singapore
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Singapore
  HIV, AIDS and Other Major Infectious Disease Rates for Singapore
  Nationality, Ethnic Groups, Languages and Religions for Singapore
  Literacy Rate, Educational Expenditure and School Life Expectancy for Singapore
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Singapore
  Labor Force by Occupation for Singapore
  Poverty Line, Gini Index, Household Income and Consumption for Singapore
  National Budget and Public Debt for Singapore
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Singapore
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Singapore
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Singapore
  Industries and Industrial Growth Production Rate for Singapore
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Singapore
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Singapore
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Singapore
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Singapore
  Foreign Exchange Reserves and Gold Reserves for Singapore
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Singapore
  Exchange Rate Statistics for Singapore
  Television and Radio Statistics (TV Stats, Radio Stats) for Singapore
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Singapore
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Singapore
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Singapore
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Singapore
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Singapore
* Source: CIA
Internet Indicators for Singapore
Indicators
  Number of Internet Users for Singapore
  Internet Penetration Rate for Singapore
  Number of Facebook Accounts for Singapore
  Facebook Penetration Rate for Singapore
* Source: IWS
Economic Freedom Indicators for Singapore
Indicators
  Economic Freedom World Rank for Singapore
  Economic Freedom Regional Ranking for Singapore
  Business Freedom for Singapore
  Trade Freedom for Singapore
  Fiscal Freedom for Singapore
  Government Spending for Singapore
  Monetary Freedom for Singapore
  Investment Freedom for Singapore
  Financial Freedom for Singapore
  Property Rights for Singapore
  Freedom from Corruption for Singapore
  Labor Freedom for Singapore
  Tariff Rate for Singapore
  Income Tax Rate for Singapore
  Corporate Tax Rate for Singapore
  Tax Burden % of GDP for Singapore
  Government Expenditure % of GDP for Singapore
* Source: HFO
Corruption Perceptions Index Rank and Score for Singapore
Indicator
  Corruption Perceptions Index Rank and Score for Singapore
* Source: TIO
Singapore Economic Indicators in other Years
  Singapore Economic Indicators for Year 2016 (Forecast)
  Singapore Economic Indicators for Year 2015 (Forecast)
  Singapore Economic Indicators for Year 2014 (Forecast)
  Singapore Economic Indicators for Year 2013 (Forecast)
  Singapore Economic Indicators for Year 2012 (Forecast)
  Singapore Economic Indicators for Year 2011 (Forecast)
Singapore Economic Indicators for Year 2010 (Current)
  Singapore Economic Indicators for Year 2009
  Singapore Economic Indicators for Year 2008
  Singapore Economic Indicators for Year 2007
  Singapore Economic Indicators for Year 2006
  Singapore Economic Indicators for Year 2005
  Singapore Economic Indicators for Year 2004
  Singapore Economic Indicators for Year 2003
  Singapore Economic Indicators for Year 2002
  Singapore Economic Indicators for Year 2001
  Singapore Economic Indicators for Year 2000
  Singapore Economic Indicators for Year 1999
  Singapore Economic Indicators for Year 1998
  Singapore Economic Indicators for Year 1997
  Singapore Economic Indicators for Year 1996
  Singapore Economic Indicators for Year 1995
  Singapore Economic Indicators for Year 1994
  Singapore Economic Indicators for Year 1993
  Singapore Economic Indicators for Year 1992
  Singapore Economic Indicators for Year 1991
  Singapore Economic Indicators for Year 1990
  Singapore Economic Indicators for Year 1989
  Singapore Economic Indicators for Year 1988
  Singapore Economic Indicators for Year 1987
  Singapore Economic Indicators for Year 1986
  Singapore Economic Indicators for Year 1985
  Singapore Economic Indicators for Year 1984
  Singapore Economic Indicators for Year 1983
  Singapore Economic Indicators for Year 1982
  Singapore Economic Indicators for Year 1981
  Singapore Economic Indicators for Year 1980