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As of 8 June 2013, Singapore's unemployment rate is around 1.9% and the country's economy has a lowered growth rate, with a rate of 1.8% on a quarter-by-quarter basis—compared to 14.8% in 2010. 2015 and 2016 saw a downturn for the nation as GDP growth shrunk to just 2 percent.
Economic statistics of Singapore. This article contains economic statistics of the country Singapore. The GDP, GDP Per Capita, GNI Per Capita, Total Trade, Total Imports, Total Exports, Foreign Reserves, Current Account Balance, Average Exchange Rate, Operating Revenue and Total Expenditure are mentioned in the table below for years 1965 ...
Singapore, officially the Republic of Singapore, is an island country and city-state in maritime Southeast Asia.It is located about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south along with the Riau Islands in Indonesia, the South China Sea to ...
In 2018, the combined economy of the Four Asian Tigers constituted 3.46% of the world's economy with a total Gross domestic product (GDP) of 2,932 billion US dollars. The GDP in Hong Kong, Singapore, South Korea and Taiwan was worth 363.03 billion, 361.1 billion, 1,619.42 billion and 589.39 billion US dollars respectively in 2018, which ...
Singapore is ranked first worldwide for the ease of doing business by the World Bank for 2012, consecutively for 7 years. [5] Singapore is ranked the #1 most competitive country in the world. [6] Singapore is the 14th most expensive city in the world to spend a night in. [7] The Economist: Where-to-be-born Index 2013, ranked 6 out of 111 countries.
Economic Development Board. / 1.30000°N 103.88611°E / 1.30000; 103.88611. The Economic Development Board ( EDB) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment .
On 31 December 2010, it was announced that Singapore's economy grew by 14.7% for the whole year, the best growth on record ever for the country. [124] The general election of 2011 was yet another watershed election as it was the first time a Group Representation Constituency (GRC) was lost by the ruling party PAP, to the opposition Workers ...
The country's economic infrastructure was developed, racial tension was eliminated and an independent national defence system was established. Singapore evolved from a third world nation to first world nation towards the end of the 20th century. In 1990, Goh Chok Tong succeeded Lee as prime minister.