Indicators of economy in Singapore

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Singapore, on the other hand, reached USD 72,794 per capita, or 396.99 billion USD for the whole country. Singapore is therefore currently ranked 36 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Singapore ranks 2nd in the list of the richest countries.

Inflation in Singapore in 2021 was around 2.30%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 25.0 percent lower.
The index for perceived corruption in the public sector is 85, which is above average by global standards.


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