Economy of Singapore

Imports

Imports commoditiesmachinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods

Import partnersMalaysia 10.6%, China 10.3%, US 10.2%, South Korea 6.8%, Japan 6.2%, Indonesia 5.3%, Saudi Arabia 4.5%, UAE 4.1% (2012)

Exports

Exports commoditiesmachinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products

Export partnersMalaysia 12.3%, Hong Kong 10.9%, China 10.8%, Indonesia 10.6%, US 5.5%, Japan 4.6%, Australia 4.2%, South Korea 4% (2012)

Economy sectors

Agriculture productsorchids, vegetables; poultry, eggs; fish, ornamental fish

Industrial productselectronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade

Economy

Unemployment1.90 % (2013)1.90 % (2012)2.00 % (2011)

GDP - Official Exchange Rate296 Billion $ (2013)273 Billion $ (2012)274 Billion $ (2011)

GDP - Official Exchange Rate of Singapore

GDP growth rate4.10 % (2013)1.30 % (2012)4.90 % (2011)

GDP per Capita (PPP)62,400 $ (2013)60,800 $ (2012)60,700 $ (2011)

GDP - Purchasing Power Parity339 Billion $ (2013)323 Billion $ (2012)320 Billion $ (2011)

GDP - Purchasing Power Parity of Singapore

GDP PPP per land area486 Million $ per square kilometer (2013)463 Million $ per square kilometer (2012)459 Million $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity10.3 Million kW

Banking

Central bank discount rate0.00 % (2010)0.27 % (2009)

Commercial bank prime lending rate5.38 % (2013)5.38 % (2012)5.38 % (2011)

Commercial bank prime lending rate of Singapore

GDP decomposition by sector

Industry % of GDP29.4 % (2013)26.8 % (2012)

Services % of GDP70.6 % (2013)73.2 % (2012)

Tourism

International tourism, number of arrivals11.1 Million (2012)10.4 Million (2011)9.16 Million (2010)

International tourism, number of departures8.05 Million (2012)7.75 Million (2011)7.34 Million (2010)

International tourism, number of departures of Singapore

Yearly Tourist arrivals to residents ratio207 % (2012)219 % (2011)180 % (2010)

Yearly Tourist arrivals to residents ratio of Singapore

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)106 % of GDP (2013)111 % of GDP (2012)118 % of GDP (2011)

Public debt (Percentage of GDP) of Singapore

Budget surplus (+) or deficit (-)2.10 % of GDP

Current Account Balance (Percentage of GDP)17.9 % of GDP (2012)23.8 % of GDP (2011)26.2 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Singapore

Current Account Balance (Total)54.4 Billion $ (2013)51.4 Billion $ (2012)50.2 Billion $ (2011)

Current Account Balance (Total) of Singapore

External Debt (Total)1.17 Trillion $ (2012)23.6 Billion $ (2011)21.8 Billion $ (2010)

External Debt (Percentage of GDP)430 % of GDP (2012)8.62 % of GDP (2011)9.80 % of GDP (2010)

External Debt (Percentage of GDP) of Singapore

External Debt per Capita219 Thousand $ (2012)4,982 $ (2011)4,298 $ (2010)