Statistics on national accounts, compiled by the Singapore Department of Statistics, provide up-to-date performance indicators for the Singapore economy. Latest Data Publications and Methodology Visualising Data Related Info External Sources Learn more about the Singapore economy, including the population of Singapore, GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Singapore from 2008 to 2018. GDP per capita based on purchasing power parity (PPP) is a more accurate characteristic determining the level of economic development and economic growth. Based on this approach, Qatar has the highest GDP per capita in the world while Luxembourg ranks second. Singapore Religion, Economy and Politics Singapore is a very religiously diverse nation, with faith systems from all over the world and the stance of the government on religion is one of religious tolerance although the faiths of the Jehovah's Witnesses and the Unification Church are banned.
The combined value of exports and imports is equal to 322.4 percent of GDP. The average applied tariff rate is 0.1 percent. As of June 30, 2018, according to the WTO, Singapore had 182 nontariff measures in force. The country’s openness to global investment encourages vibrant commercial activity.
Singapore’s GDP data (National Accounts, NA) are produced by Singapore Department of Statistics (DOS) based on the System of National Accounts (SNA2008). Singapore GDP Growth Performance In the 10 years before the great recession, from 1999 to 2007, Singapore’s GDP grew 6.0% on average. Singapore’s economy plummeted 0.6% in 2008; however, it managed to recover in 2010 and grew an impressive 15.2%. This page provides - Singapore Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Singapore Government Spending in Singapore is expected to be 12398.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The government has already lowered economic growth forecast to -0.5 to 1.5%, opening up the possibility of a recession this year. For 2019, the government predicts a S$1.65 deficit, or about 0.3% of GDP. Singapore Government Budget - values, historical data and charts - was last updated on March of 2020. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Singapore GDP Annual Growth Rate in Singapore is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
SMEs (i.e. Small & Medium Enterprises) are defined as enterprises with operating receipts not more than $100 Mil or employment not more than 200 workers. Majority local-owned enterprises refer to enterprises with at least 50% local equity. Majority foreign-owned enterprises refer to enterprises with less than 50% local equity.
Learn more about the Singapore economy, including the population of Singapore, GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Singapore from 2008 to 2018. GDP per capita based on purchasing power parity (PPP) is a more accurate characteristic determining the level of economic development and economic growth. Based on this approach, Qatar has the highest GDP per capita in the world while Luxembourg ranks second. Singapore Religion, Economy and Politics Singapore is a very religiously diverse nation, with faith systems from all over the world and the stance of the government on religion is one of religious tolerance although the faiths of the Jehovah's Witnesses and the Unification Church are banned. DEFINITION: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
