The economy of Singapore is a highly developed free-market economy. Singapore's economy has been ranked as the most open in the world, 3rd least corrupt, most pro-business, with low tax rates (14.2% of Gross Domestic Product, GDP) and has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP).
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 ...
A bustling city-state in the heart of Southeast Asia, Singapore is famous for its booming economy and its strict regime of law and order. Long an important port of call on the monsoonal Indian Ocean trade circuit, today Singapore boasts one of the world's busiest ports, as well as thriving finance and services sectors.
ECONOMIC HISTORY OF SINGAPORE. It can be argued that no country made the leap from Third World poverty to developed world affluence as quickly and completely as Singapore did. In the 1960s, Singapore was known for its opium dens, gang-ridden streets, fetid slums and racial tensions.
Singapore's economy is expected to remain strong with reasonable, but not extremely high growth rates predicted in the future. This text provides general information. Statista assumes no liability ...
10 Facts You Probably Didn’t Know About Singapore Singapore. A quaint yet lovely little city-state in the heart of Southeast Asia. It is now known as the Financial Hub of Asia. Many would agree that it’s a fantastic place to live, work, and play at. Even if you haven’t been there yet, you most
Singapore's unique combination of a strong almost authoritarian government with an emphasis on meritocracy and good governance is known as the "Singapore model", and is regarded as a key factor behind Singapore's political stability, economic growth, and harmonious social order.
Singapore is the world’s third most densely populated region behind Macau (a Special Administrative Region of the Republic of China) and Monaco. Singapore was occupied by Japan during World War 2. Today, it is titled as “the easiest place to do business” by the World Bank. 62 Interesting facts about Singapore. 1.
Today, Singapore is an ultra industrialized society and entrepôt trade continues to play a central role in its economy. The Port of Singapore is now the world's busiest transshipment port, surpassing Hong Kong and Rotterdam. In terms of total cargo tonnage handled, it has become the world's second busiest, behind only the Port of Shanghai.
The economy depends heavily on exports, particularly of electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapore’s vibrant transportation, business, and financial services sectors. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010.