Singapore – Fast Facts
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Singapore comes under the Other High Income Group countries as to the classification made by the World Bank on the basis of income.
Singapore has a well-developed economic structure with a free market system. Both business environment and infrastructure are the key behind economic success for the country. The services sector has largest contribution to the country’s GDP followed by the industries.
Singapore comes under the Other High Income Group countries as to the classification made by the World Bank on the basis of income.
Singapore has a well-developed economic structure with a free market system. Both business environment and infrastructure are the key behind economic success for the country. The services sector has largest contribution to the country’s GDP followed by the industries.
Major agricultural products in the country are rubber, fruits, vegetables, egg, fish and poultry. Important industries are textiles, oil refining, food, tourism, banking and chemical industries. It is one of the largest ports in the world. In the year 1996, the OECD declared the country as one of the developed country over the world.
