What is the GDP of Singapore?

Singapore's GDP is approximately $547.4 billion USD. The GDP growth rate is 4.4%.

What is the population of Singapore?

Singapore has a population of approximately 6 million people. The population growth rate is 2%.

What is the inflation rate in Singapore?

The inflation rate in Singapore is 2.4%.

What is the unemployment rate in Singapore?

The unemployment rate in Singapore is 2.8%.

What is the GDP per capita of Singapore?

Singapore's GDP per capita is approximately $90,674 USD.

Is Singapore a good country to invest in?

Singapore has an investment score of 92/100, classified as "Safe" risk. Key sectors include Financial Services, Technology, Manufacturing. Credit rating: AAA.

How open is Singapore's economy to trade?

Singapore's trade openness (trade as % of GDP) is 322%. Exports total approximately $978.6B and imports $786B.

What is Singapore's government debt?

Singapore's government debt is approximately 176% of GDP. The current account balance is 18% of GDP.

How much foreign investment does Singapore attract?

Foreign direct investment (FDI) in Singapore is 24.7% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Singapore?

Singapore's economy is composed of services (73% of GDP), industry (21% of GDP), and agriculture (0% of GDP).

Can I start a business in Singapore as a foreigner?

Singapore offers various options for foreign entrepreneurs. Visit our business setup guide for Singapore for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Singapore's economy growing?

Singapore's GDP growth rate is 4.4%. This is above the global average, indicating strong economic momentum.

🇸🇬

Singapore Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

East Asia & PacificHigh IncomeCapital: SingaporeSGP

Safe

AAA

Growing

547.4B USD

GDP (Nominal)

Growing at 4.4%

$90,674

GDP Per Capita

High income level

Population

+2% annual growth

Stable

2.4%

Inflation

Price stability

322%of GDP

Trade Openness

Strong

24.7%of GDP

FDI Inflows

High

176%of GDP

Public Debt

Low

2.8%

Unemployment

Surplus

+$192.6B

Trade Balance

Currency & Exchange Rate

Currency

S$ Singapore Dollar

SGD

Exchange Rate (1 USD)

S$1.34

-0.7% YoY(strengthened)

5-Year Change

-2.2%

From S$1.37

Regime & Controls

managed float

Capital controls: none

GDP

Billion USD, nominal

$547.4B

2024+41.9B

GDP Growth

Annual %

4.4%

2024+2.6%

Inflation

Consumer prices, annual %

2.4%

2024-2.4%

Population

Millions

2024+0.1M

Economic Structure

Services73%

Industry21%

Agriculture0%

Infrastructure97/100

Internet Speed

250 Mbps

Mobile: 80 Mbps

Logistics Index

4.3 /5.0

World Bank LPI

Electricity

99%

Reliability score

Connectivity

excellent

96% internet access

Investment Score Breakdown

Economic Health (30%)95

Political Safety (25%)98

Business Climate (20%)96

Financial Strength (15%)88

Growth Potential (10%)72

Key Sectors

Financial Services

18% of GDP

growing

Technology

12% of GDP

growing

Manufacturing

21% of GDP

stable

Trade & Logistics

25% of GDP

growing

Should I Invest in Singapore?

Strong BuySetup: ComplexROI: Moderate

Singapore scores 92/100 on the NationsData Investment Index, rated "Safe". Growth is healthy at 3.5%. Business setup takes approximately 72 days with a corporate tax rate of 17%.

Investment Score92/100

GDP Growth3.5%

Inflation2.3%

FDI/GDP25.1%

Public Debt134%

Political Stability1.6

Corporate Tax17%

Ease of Business#2

Strengths

+Exceptional political stability - low governance risk
+World-class business environment - fast registration, strong IP protection
+Healthy GDP growth at 3.5%
+High FDI inflows (25.1% of GDP) - investors are actively entering
+Low inflation (2.3%) - stable pricing environment
+Highly trade-open economy (326%) - global market access

Risks

-Very high public debt (134% of GDP) - fiscal crisis risk

Best For

Financial Services (growing, score: 90)Technology (growing, score: 88)Trade & Logistics (growing, score: 94)Premium services and luxury brandsDigital businesses and SaaS

Also Consider

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Countries Similar to Singapore

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92% match

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New Zealand

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