Singapore Oil production Singapore Electricity production

Singapore Economy

Economy - overview:singapore. a highly-developed and successful free-market economy. enjoys a remarkably open and corruption-free environment. stable prices. and a per capita gdp equal to that of the big 4 west european countries. the economy depends heavily on exports. particularly in electronics and manufacturing. it was hard hit in 2001-03 by the global recession. by the slump in the technology sector. and by an outbreak of severe acute respiratory syndrome in 2003. which curbed tourism and consumer spending. the government hopes to establish a new growth path that will be less vulnerable to the external business cycle and will continue efforts to establish singapore as southeast asia's financial and high-tech hub. fiscal stimulus. low interest rates. a surge in exports. and internal flexibility led to vigorous growth in 2004. with real gdp rising by 8% by far the economy's best performance since 2000. but growth slowed to 4.5% in 2005.

GDP (purchasing power parity) : $131.3 billion (2005 est.)

Inflation rate: 0.3% (2005 est.)

Labor force : 2.19 million (2005 est.)

Industries: electronics. 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

Singapore

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Singapore More Facts

Electricity - production: 33.21 billion kwh (2003)

Oil - production: 8.290 bbl/day (2003 est.)

Singapore More Facts

Exports: $212.4 billion f.o.b. (2005 est.)

Imports : $187.5 billion (2005 est.)
Currency (code) : singapore dollar (sgd)