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 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Singapore reached 65.233 US dollars per inhabitant, or 372.06 bn US Dollar in the whole country. Singapore is therefore currently ranked 34 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 3.

Inflation in Singapore was in 2019 at around 0.57%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 9.23% lower.
The Corruption Perceptions Index for the public sector counts 85 and is compared to other countries good.


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