Singapore at a snapshot
One of Asia's most dynamic economies, the Asian Tiger of Singapore enjoys a strategic position as
Asia's leading financial and business hub at the core of the ASEAN region and preferred gateway to
the Greater China markets.
Singapore is an affluent city-state, defined as best country in the world to do business, and the only
country in Asia to have the "AAA" credit rating.
With a highly developed and successful free market economy, Singapore enjoys a corruption-free
and bureaucracy-free business environment, and a per capita GDP well higher than that of most
developed countries.
KEY ECONOMIC INDICATORS
(based on 2013)
Population:                 5,567,301 (est. July 2014)
GDP:                           US$339 billion            (world rank #41)
GDP Growth Rate:      3.5% (2013)               (world rank #91)
GDP Per Capita:          US$62,400                (world rank #7)
Inflation:                      2.4%                         (world rank #88)
Total Exports:             US$442.9 billion         (world rank #15)
Total Imports:             US$380.3 billion          (world rank #15)
Key Industries:            Electronics, Construction, Financial Services, Business Services, Pharmaceuticals,
          Transport Engineering, Oil Drilling Equipment, Petroleum Refining, Hospitality
Currency:                    Singapore Dollar (1 US$ = 1.32 SGD$ - 1 € = 1.63 SGD$ - 1 £ = 2.05 SGD$)
Infrastructures:            > Singapore-Changi international airport is a major air hub in Asia, and the 5th busiest
           international airport worldwide, handling 52,775,360 passengers in 2013, and it is considered the
           world's most awarded best airport
  
         > the Port of Singapore is currently the world's busiest port in terms of total shipping
           tonnage, and it's the world's busiest container port handling a fifth of world's shipping
           containers
          > a well-developed road transport network featuring 3,425 km. of paved roads including
           161 km. of expressways
 
         > a high-speed rail link between Singapore and Kuala Lumpur is expected to be built by
           2020 according to an agreement officially signed on 19 February 2013 in Singapore
           by Singapore's Prime Minister Lee Hsien Loong and Malaysia's Prime Minister Najib
           Razak
Business opportunities in Singapore where
MarketingthatWorks! can advise your Company for your
Foreign Market Entry Plan
In Focus:
Singapore Company Registration
Singapore
100% Export hub
2013           
Exports to GDP ratio:      140.9%
Imports to GDP ratio:      127.5%

Total trade to GDP ratio: 268.4%
Singapore
Free Trade Agreements
20 effective (Dec 2014)
Singapore Free Trade Agreements
4 ongoing negotiations (Dec 2014)
Singapore Free Trade Agreements
ASEAN Free Trade Area
(Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar,
Philippines, Singapore, Thailand, and Vietnam)
ASEAN-Australia-New Zealand
ASEAN-China
ASEAN-India
ASEAN-Japan
ASEAN-Korea
Singapore-Australia
Singapore-China
Singapore-Costa Rica
Singapore-GCC
(Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE)
Singapore-Jordan
Singapore-India
Singapore-Japan
Singapore-Korea
Singapore-New Zealand
Singapore-Panama
Singapore-Peru
Singapore-Switzerland, Liechtenstein,
Norway, and Iceland
Singapore-USA
Trans-Pacific SEP
(Singapore, Brunei, New Zealand, and Chile)
Canada
Mexico
Pakistan
Ukraine
Singapore-EU
Free Trade Agreement
Biz Hubs
Start2Asia™
Singapore & Hong Kong:
comparing the 2 leading
business-friendly hubs in
Asia
1 concluded negotiation (Dec 2014)
Singapore Free Trade Agreements
EU European Union
Read the article
published on:
SINGAPORE BUSINESS REVIEW
Feb 2014
from the Press
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also read:
What 2 alpha cities like Singapore & Miami
share in common
published on:
SINGAPORE BUSINESS REVIEW
Mar 2014
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