Labor force | 3.619 million (2023 est.) |
---|---|
Industrial production growth rate | -2.89% (2023 est.) |
Industries | electronics, chemicals, financial services, oil drilling equipment, petroleum refining, biomedical products, scientific instruments, telecommunication equipment, processed food and beverages, ship repair, offshore platform construction, entrepot trade |
Population below poverty line | |
Taxes and other revenues | 12.03% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | Singapore dollars (SGD) per US dollar - |
Exchange rates 2023 | 1.343 (2023 est.) |
Exchange rates 2022 | 1.379 (2022 est.) |
Exchange rates 2021 | 1.343 (2021 est.) |
Exchange rates 2020 | 1.38 (2020 est.) |
Exchange rates 2019 | 1.364 (2019 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $359.835 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $296.629 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $425.098 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | $99.128 billion (2023 est.) |
Current account balance 2022 | $89.701 billion (2022 est.) |
Current account balance 2021 | $86.137 billion (2021 est.) |
Public debt | |
Public debt 2021 | 150.14% of GDP (2021 est.) |
Budget | |
Revenues | $80.855 billion (2022 est.) |
Expenditures | $75.448 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0% of GDP (2023 est.) |
Remittances 2022 | 0% of GDP (2022 est.) |
Remittances 2021 | 0% of GDP (2021 est.) |
Household income | |
Lowest 10% | 1.6% |
Highest 10% | 27.5% (2017) |
Average household expenditures | |
On food | 7% of household expenditures (2022 est.) |
On alcohol and tobacco | 1.9% of household expenditures (2022 est.) |
Imports | |
Imports 2023 | $686.656 billion (2023 est.) |
Imports 2022 | $733.876 billion (2022 est.) |
Imports 2021 | $637.165 billion (2021 est.) |
Imports (partners) | China 17%, Malaysia 13%, US 10%, Taiwan 9%, South Korea 5% (2022) |
Comodities Imports force | integrated circuits, refined petroleum, crude petroleum, gold, machinery (2022) |
Exports | |
Imports 2023 | $686.656 billion (2023 est.) |
Imports 2022 | $733.876 billion (2022 est.) |
Imports 2021 | $637.165 billion (2021 est.) |
Exports (partners) | Hong Kong 14%, China 13%, Malaysia 9%, US 8%, Indonesia 6% (2022) |
Comodities Exports force | integrated circuits, refined petroleum, machinery, gold, gas turbines (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $754.758 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $746.73 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $719.13 billion (2021 est.) |
GDP (official exchange rate) | $501.428 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $127,500 (2023 est.) |
Real GDP per capita 2022 | $132,500 (2022 est.) |
Real GDP per capita 2021 | $131,900 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 0% (2023 est.) |
Industry | 22.4% (2023 est.) |
Services | 72.4% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 31.3% (2023 est.) |
Government consumption | 10.2% (2023 est.) |
Investment in fixed capital | 22.2% (2023 est.) |
Investment in inventories | -1.2% (2023 est.) |
Exports of goods and services | 174.3% (2023 est.) |
Imports of goods and services | -136.9% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 3.47% (2023 est.) |
Unemployment rate 2022 | 3.59% (2022 est.) |
Unemployment rate 2021 | 4.64% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 8.3% (2023 est.) |
Male | 6.5% (2023 est.) |
Female | 10.4% (2023 est.) |
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