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Indicators of economy in Singapore

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Singapore reached 59.798 US dollars per inhabitant, or 340.00 bn US Dollar in the whole country. Singapore is therefore currently ranked 36 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Singapore is in the list of the world's richest countries in place 2.

Inflation in Singapore was in 2020 at around -0.18%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 17.28% lower.
The Corruption Perceptions Index for the public sector counts 85 and is compared to other countries good.


Back to overview: Singapore

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Singapore
Total
Singapore
per capita
EU
Total
EU
per capita
GDP340.00 bn USD59,797.75 USD15,192.65 tn USD29,499.72 USD
Gross national product312.26 bn USD54,918.56 USD16,012.29 tn USD31,091.23 USD


Singapore ranked 2nd in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 12 of the 2000 largest listed companies in the world originate from Singapore. This is determined annually in the "Forbes Global 2000" list. The 10 largest companies in the country were in 2020:

Rank 167: Oversea-Chinese Banking (Singapore)
Rank 200: DBS (Singapore)
Rank 281: United Overseas Bank (Singapore)
Rank 372: Wilmar International (Singapore)
Rank 498: SingTel (Singapore)
Rank 761: CapitaLand (Singapore)
Rank 1155: Singapore Airlines (Singapore)
Rank 1246: Olam International (Singapore)
Rank 1351: Keppel (Singapore)
Rank 1539: Flex (Singapore)

Development of the Gross domestic product in billion US Dollar 1979 - 2020



Im- and Exports 2020

 Singapore
Total
Singapore
per capita
EU
Total
EU
per capita
Imports490.68 bn USD86,299.09 USD7,314.16 bn USD14,201.97 USD
Exports599.20 bn USD105,384.90 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in billion US dollars 1979 - 2020

Exports
Imports



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