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Economic indicators

Singapore

Economic indicators | Foreign Trade in figures | Sources of general economic information

Economic indicators

Main indicators	2008	2009	2010	2011	2012
GDP (billions USD)	188.26	177.13e	194.92e	206.26e	217.53e
GDP (constant prices, annual % change)	1.4	-2.0e	5.7e	5.3e	5.1e
GDP per capita (USD)	40,326.30	37,293.42e	40,336.29e	41,952.55e	43,489.97e
Inflation rate (%)	6.5	0.2e	2.1e	1.9e	2.0e
Current Account (billions USD)	36.19	33.84e	42.86e	46.22e	49.47e
Current Account (in % of GDP)	19.2	19.1e	22.0e	22.4e	22.7e

Source:

Note: (e) Estimated data

Breakdown of economic activity by sector	Agriculture	Industry	Services
Value added (annual % change)	-4.4	-1.0	3.8
Value added (in % of GDP)	0.1	27.8	72.2
Employment by sector (in % of total employment)	1.1	22.6	76.2

Source: - last available data.

Monetary indicators	2004	2005	2006	2007	2008
Average annual exchange rate for 1 USD	1.69	1.66	1.59	1.51	1.41

Source:

Foreign trade in figures

Foreign trade indicators	2005	2006	2007	2008	2009
Imports of goods (millions USD)	200,047	238,710	263,155	319,780	245,785
Exports of goods (millions USD)	229,649	271,807	299,308	338,176	269,832
Imports of services (millions USD)	54,902	64,472	74,687	78,868	73,927
Exports of services (millions USD)	53,151	63,977	80,490	82,934	73,653
Imports of goods and services (in % of GDP)	209.8	216.3	198.5	215.3	-
Exports of goods and services (in % of GDP)	238.5	243.4	230.2	234.3	-
Trade Balance (millions USD)	37,036	43,433	49,099	30,912	-
Current Account (millions USD)	22,238	35,407	39,110	27,181	-
Foreign trade (in % of GDP)	444.3	456.6	428.7	449.6	-

Source:

Main partner countries

Main customers (% of exports)	2008
Malaysia	12.1%
Indonesia	10.6%
Hong Kong	10.4%
China	9.2%
United States	7.1%
Japan	4.9%
Australia	4.1%
Thailand	3.9%
South Korea	3.6%
India	3.5%
Vietnam	2.6%
Philippines	2.2%
Netherlands	2.1%
Germany	2.0%
United Kingdom	1.9%
Panama	1.9%
France	1.4%
United Arab Emirates	1.2%
Liberia	0.8%
Belgium	0.6%
See more countries	50.6%

Main suppliers (% of imports)	2008
Malaysia	11.9%
United States	11.8%
China	10.6%
Japan	8.1%
South Korea	5.6%
Indonesia	5.5%
Saudi Arabia	4.6%
Thailand	3.5%
Germany	2.9%
India	2.6%
France	2.5%
Qatar	2.4%
Kuwait	2.0%
United Arab Emirates	2.0%
Philippines	1.5%
United Kingdom	1.5%
Australia	1.4%
Netherlands	1.3%
Hong Kong	1.1%
Italy	1.1%
See more countries	51.9%

Source: Comtrade

Main products

Main exports (% of exports)	2008
Electrical machinery and equipment and parts...Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	32.1%
Mineral fuels, mineral oils and products of their...Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	18.5%
Nuclear reactors, boilers, machinery and...Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof	16.9%
Organic chemicalsOrganic chemicals	3.4%
Plastics and articles thereofPlastics and articles thereof	2.7%
Optical, photographic, cinematographic, measuring,...Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof	2.3%
Natural or cultured pearls, precious or...Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin	1.3%
Vehicles other than railway or tramway...Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof	1.3%
Pharmaceutical productsPharmaceutical products	1.3%
Aircraft, spacecraft, and parts thereofAircraft, spacecraft, and parts thereof	1.1%
Miscellaneous chemical productsMiscellaneous chemical products	1.0%
Articles of iron or steelArticles of iron or steel	1.0%
Iron and steelIron and steel	0.8%
Essential oils and resinoids; perfumery, cosmetic...Essential oils and resinoids; perfumery, cosmetic or toilet preparations	0.7%
Ships, boats and floating structuresShips, boats and floating structures	0.6%
Beverages, spirits and vinegarBeverages, spirits and vinegar	0.5%
Rubber and articles thereofRubber and articles thereof	0.4%
Tanning or dyeing extracts; tannins and their...Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints and varnishes; putty and other mastics; inks	0.4%
Tools, implements, cutlery, spoons and forks, of...Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal	0.4%
Aluminium and articles thereofAluminium and articles thereof	0.3%
Articles of apparel and clothing accessories,...Articles of apparel and clothing accessories, knitted or crocheted	0.3%
Paper and paperboard; articles of paper pulp, of...Paper and paperboard; articles of paper pulp, of paper or of paperboard	0.3%
Printed books, newspapers, pictures and other...Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans	0.3%
Copper and articles thereofCopper and articles thereof	0.3%
Clocks and watches and parts thereofClocks and watches and parts thereof	0.3%
Tin and articles thereofTin and articles thereof	0.3%
Miscellaneous articles of base metalMiscellaneous articles of base metal	0.2%
Preparations of cereals, flour, starch or milk;...Preparations of cereals, flour, starch or milk; pastrycooks' products	0.2%
Toys, games and sports requisites; parts and...Toys, games and sports requisites; parts and accessories thereof	0.2%
Animal or vegetable fats and oils and their...Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes	0.2%
Cocoa and cocoa preparationsCocoa and cocoa preparations	0.2%
Miscellaneous edible preparationsMiscellaneous edible preparations	0.1%
Soap, organic surface-active agents, washing...Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, 'dental waxes' and dental preparations with a basis of plaster	0.1%
Inorganic chemicals; organic or inorganic...Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes	0.1%
Tobacco and manufactured tobacco substitutesTobacco and manufactured tobacco substitutes	0.1%
Furniture; bedding, mattresses, mattress supports,...Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings	0.1%
Articles of apparel and clothing accessories, not...Articles of apparel and clothing accessories, not knitted or crocheted	0.1%
Dairy produce; birds' eggs; natural honey; edible...Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	0.1%
Nickel and articles thereofNickel and articles thereof	0.1%
Photographic or cinematographic goodsPhotographic or cinematographic goods	0.1%
Articles of leather; saddlery and harness; travel...Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut)	0.1%
Glass and glasswareGlass and glassware	0.1%
See more products	26.4%

Main imports (% of imports)	2008
Mineral fuels, mineral oils and products of their...Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	27.3%
Electrical machinery and equipment and parts...Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	25.7%
Nuclear reactors, boilers, machinery and...Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof	15.4%
Aircraft, spacecraft, and parts thereofAircraft, spacecraft, and parts thereof	2.8%
Optical, photographic, cinematographic, measuring,...Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof	2.4%
Vehicles other than railway or tramway...Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof	1.8%
Natural or cultured pearls, precious or...Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin	1.8%
Iron and steelIron and steel	1.6%
Organic chemicalsOrganic chemicals	1.6%
Articles of iron or steelArticles of iron or steel	1.6%
Plastics and articles thereofPlastics and articles thereof	1.4%
Ships, boats and floating structuresShips, boats and floating structures	1.0%
Miscellaneous chemical productsMiscellaneous chemical products	0.8%
Aluminium and articles thereofAluminium and articles thereof	0.7%
Essential oils and resinoids; perfumery, cosmetic...Essential oils and resinoids; perfumery, cosmetic or toilet preparations	0.5%
Beverages, spirits and vinegarBeverages, spirits and vinegar	0.5%
Pharmaceutical productsPharmaceutical products	0.5%
Copper and articles thereofCopper and articles thereof	0.5%
Clocks and watches and parts thereofClocks and watches and parts thereof	0.4%
Paper and paperboard; articles of paper pulp, of...Paper and paperboard; articles of paper pulp, of paper or of paperboard	0.4%
Rubber and articles thereofRubber and articles thereof	0.4%
Articles of apparel and clothing accessories,...Articles of apparel and clothing accessories, knitted or crocheted	0.4%
Tools, implements, cutlery, spoons and forks, of...Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal	0.4%
Furniture; bedding, mattresses, mattress supports,...Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings	0.4%
Inorganic chemicals; organic or inorganic...Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes	0.3%
Dairy produce; birds' eggs; natural honey; edible...Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	0.3%
Salt; sulphur; earths and stone; plastering...Salt; sulphur; earths and stone; plastering materials, lime and cement	0.3%
Tanning or dyeing extracts; tannins and their...Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints and varnishes; putty and other mastics; inks	0.3%
Articles of apparel and clothing accessories, not...Articles of apparel and clothing accessories, not knitted or crocheted	0.3%
Toys, games and sports requisites; parts and...Toys, games and sports requisites; parts and accessories thereof	0.3%
Tin and articles thereofTin and articles thereof	0.3%
Animal or vegetable fats and oils and their...Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes	0.2%
Glass and glasswareGlass and glassware	0.2%
Fish and crustaceans, molluscs and other aquatic...Fish and crustaceans, molluscs and other aquatic invertebrates	0.2%
Articles of leather; saddlery and harness; travel...Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut)	0.2%
Meat and edible meat offalMeat and edible meat offal	0.2%
Miscellaneous articles of base metalMiscellaneous articles of base metal	0.2%
Photographic or cinematographic goodsPhotographic or cinematographic goods	0.2%
Printed books, newspapers, pictures and other...Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans	0.2%
Nickel and articles thereofNickel and articles thereof	0.2%
Miscellaneous edible preparationsMiscellaneous edible preparations	0.2%
Wood and articles of wood; wood charcoalWood and articles of wood; wood charcoal	0.2%
Footwear, gaiters and the like; parts of such...Footwear, gaiters and the like; parts of such articles	0.1%
Cocoa and cocoa preparationsCocoa and cocoa preparations	0.1%
Articles of stone, plaster, cement, asbestos, mica...Articles of stone, plaster, cement, asbestos, mica or similar materials	0.1%
Works of art, collectors' pieces and antiquesWorks of art, collectors' pieces and antiques	0.1%
Soap, organic surface-active agents, washing...Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, 'dental waxes' and dental preparations with a basis of plaster	0.1%
Tobacco and manufactured tobacco substitutesTobacco and manufactured tobacco substitutes	0.1%
Edible fruit and nuts; peel of citrus fruits or...Edible fruit and nuts; peel of citrus fruits or melons	0.1%
Preparations of meat, of fish or of crustaceans,...Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates	0.1%
Edible vegetables and certain roots and tubersEdible vegetables and certain roots and tubers	0.1%
See more products	26.5%

Source: Comtrade

See more products: More imports (Intracen Data)
More exports (Intracen Data)

Sources of general economic information

Ministries: Ministry of Trade and Industry (MTI)
Ministry of National Development (MND)
Ministry of Manpower (MOM)
Ministry of Home Affairs (MHA)
Singapore Economic Development Board (EDB)
Statistical Office: Department of Statistics
Central Bank: The Monetary Authority of Singapore (MAS)
Stock Exchange: Stock Exchange of Singapore
Main online newspapers: Online newspapers in Singapore
Search Engines: Technofind
Yahoo! Singapore
Economic portals: Economy watch

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Economic indicators

Singapore

Economic indicators

Foreign trade in figures

Main partner countries

Main products

Sources of general economic information

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