Singapore: Country Profile

Country Profile

About This Report

Aug 2019

Singapore’s trade-dependent economy will grow at a healthy pace in 2019. Given global trade tensions, support from external sectors is expected to fall and growth drivers are projected to shift back to domestic demand. Investment is expected to pick up with the push for digitalization and new industry-related projects. Forecasts suggest that the economy will grow steadily in the medium term with real GDP increasing by about 2.3% per year in 2020-2026.

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Singapore: Country Profile

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Singapore: Country Profile

KEY POINTS

Chart 1 Real GDP Growth and Per Capita GDP: 2013-2019

FACTS

Area
Currency
Location
Capital

GOVERNMENT

Head of State
Head of Government
Ruling Party
Political Structure
Last Elections
Political Stability and Risks
International Issues
Government Finance
Chart 2 Public Debt: 2013-2018

ECONOMY

Economic Structure and Major Industries
Overview of the Economy
Foreign Trade
Chart 3 Total Foreign Trade: 2013-2019
Economic Prospects
Chart 4 Real GDP Growth: 2013-2019
Evaluation of Market Potential

BUSINESS ENIVRONMENT

ENERGY

Chart 5 Primary Energy Supply (% of total): 2018

SOCIETY

Population
Chart 6 Age Pyramid in 2018 and 2030
Income and Expenditure
Chart 7 Per Capita Annual Disposable Income, Spending and Savings Ratio: 2013-2019