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 0.51%.

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.


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