singapore gdp per capita 2018

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Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. World and regional statistics, national data, maps and rankings, Latest releases of new datasets and data updates from different sources around the world. All suggestions for corrections of any errors about GDP - per capita (PPP) should be addressed to the CIA. The lack of a viable shopper base in airports has encouraged Heinemann and Singapore Changi Airport to target non-traveling consumers in the downtown market—but there could be repercussions. GDP per capita (current LCU) The value for GDP per capita (current LCU) in Singapore was 87,108 as of 2018. See how Singapore compares to another country using any of the measures in the Index. The data reached an all-time high of 66,174.000 USD in Dec 2018 and a record low of 428.000 in Dec 1960. The overall tax burden equals 14.1 percent of total domestic income.

Definition: GDP per capita is gross domestic product divided by midyear population. United States: Trade Deficit Widened to Record $84 Billion in August, IMF Global Growth Projections | Cautious Optimism Amidst COVID-19 Upsurge, Knoema Global Economic Outlook | Q2 2020 Explained, National Accounts » Gross Domestic Product. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Growth from 2012-2017 was slower than during the previous decade, a result of slowing structural growth - as Singapore reached high-income levels - and soft global demand for exports. Singapore is ranked 1st among 42 countries in the Asia–Pacific region, and its overall score is well above the regional and world averages. Services dominate the economy, but Singapore is also a major manufacturer of electronics and chemicals and operates one of the world’s largest ports. Singapore - GDP per capita - actual values, historical data, forecasts and projections were sourced from the. With fears of more financial tumult ahead amid a push for progressive financial reform, cricket has hit a pivotal juncture. Singapore is consistently ranked as one of the world’s most business-friendly countries. The GDP per Capita in Singapore is equivalent to 466 percent of the world's average.

We can access the same information and tools whether we are in Cape Town, Singapore or Chicago, yet we don’t have any established global laws for data privacy.

GDP per capita (current US$) in Singapore was reported at 64582 USD in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources.

The economy of Singapore is a highly developed free-market economy. Judicial processes are procedurally competent, fair, and reliable, and the judiciary is regarded as independent, although the government does have an overwhelmingly successful record in court cases. GDP per capita of Singapore increased from 813 US dollars in 1969 to 66,189 US dollars in 2018 growing at an average annual rate of 9.86%. Per Capita GDP at Current Prices $ 0 Real GDP Growth. Singapore's economy has been ranked as the most open in the world, 3rd least corrupt, most pro-business, with low tax rates (14.2% of gross domestic product (GDP)) and has the third highest per-capita GDP in the world in terms of purchasing power parity (PPP). No claims are made regarding the accuracy of GDP - per capita (PPP) information contained here. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Singapore's GDP Per Capita reached 65,233.000 USD in Dec 2019, compared with 66,174.000 USD in Dec 2018. See more from the 2020 Index. The government actively enforces its strong anticorruption laws and maintains well-institutionalized anticorruption processes. This site uses cookies to optimize functionality and give you the best possible experience. The total value of exports and imports of goods and services equals 326.2 percent of GDP. As part of its “Discover Your Singapore Airlines” initiative, the airline plans to launch a limited-time dining experience onboard its A380 double-decker aircraft at Changi Airport in Singapore. Direct access to our calendar releases and historical data. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. If you continue to navigate this website beyond this page, cookies will be placed on your browser.

Business Freedom 92.8 Create a Graph using this measurement, Labor Freedom 90.9 Create a Graph using this measurement, Monetary Freedom 85.6 Create a Graph using this measurement. Government spending has amounted to 17.2 percent of the country’s output (GDP) over the past three years, and budget surpluses have averaged 4.7 percent of GDP. Property Rights 96.8 Create a Graph using this measurement, Judicial Effectiveness 92.9 Create a Graph using this measurement, Government Integrity 92.4 Create a Graph using this measurement. Confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more. Lim Hock Chee and his brothers Hock Eng and Hock Leng saw their combined net worth rise 38% to $1.2 billion this year as shares of their budget supermarket chain soared. GDP is the sum of gross value added by all resident … It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Tax Burden 90.3 Create a Graph using this measurement, Government Spending 91.1 Create a Graph using this measurement, Fiscal Health 80.0 Create a Graph using this measurement. Its sustained extraordinary performance has resulted in one of the world’s highest per capita incomes and solid rates of GDP growth. Diginex (EQOS), the Singapore-based digital assets group went public with a Nasdaq listing last week. Publish your articles and forecasts in our website. The economy depends heavily on exports, particularly of electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapore’s vibrant transportation, business, and financial services sectors. Per Capita GNI And Per Capita GDP At Current Prices, Annual.

It enjoys an open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Singapore (SGP) , GDP per capita growth (annual %) indicators data for years 2014 to 2018 GDP per capita (current LCU) - Singapore from The World Bank: Data Noted economist Sean Masaki Flynn reveals how Singapore provides superb universal health care at a fraction of the cost of ours by using free-market principles, and how the U.S. can do it, too. Foreign and domestic businesses are treated equally under the law, and nearly all sectors of the economy are open to 100 percent foreign ownership. Singapore is considered one of the world’s least corrupt countries. Singapore’s 50 Richest added $37 billion despite a declining economy and stock market. financial crisis but has continued to grow since 2010. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Gross Domestic Product (GDP) refers to the aggregate value of the goods and services produced within the economic territory of Singapore. Its overall score is unchanged from 2019, with a small improvement in the business freedom score offset by a small decline in the government integrity score. Singapore GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2019, with an average number of 11,745.000 USD.

DBS Bank in Singapore is effectively using AI and other tools to increase the productivity and effectiveness of anti-money laundering and fraud prevention. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Why Creating A Safe And Meaningful Digital Life Is A Global Issue, Singapore Airlines Will Launch Non-Stop Flights To New York JFK Next Month, Diginex: The First Crypto And Digital Asset Exchange To Go Public In The U.S. – The Future Is Here, This COVID-19 Passport Could Help Restart International Travel, Why Imran Khwaja Should Be Cricket’s Top Boss, Singapore Airlines Will Turn Its Grounded A380 Aircraft Into An Exclusive Restaurant, Let Singapore Lead The Way: Health Care With Sean Masaki Flynn, Photos: Peek Inside The Futuristic Floating Apple Store That Is About To Open In Singapore, The Singapore Food Festival Goes Virtual For 2020—And It’s Happening Right Now, Pandemic Buying In Singapore Drives Up Net Worth Of Sheng Siong Supermarket Owners, Singapore's 50 Richest On Forbes List Buck Downward Trend, Singapore’s 50 Richest: $37 Billion Added To Their Wealth Amid Pandemic, E-Commerce Entrepreneur Seeks To Mentor And Invest In Startups From Singapore. Home | Country Rankings | Graph The Data | Heat MapExplore the Data | Downloads | FAQs| About The Index.

The sophisticated financial sector is robust, and the number of foreign banks in the market has steadily increased.

Binny Bansal, the co-founder of Indian shopping site Flipkart is now a venture capitalist. Growth recovered to 3.6% in 2017 with a strengthening global economy. Unemployment is very low. GDP per capita is gross domestic product divided by midyear population.

All Rights Reserved. Prime Minister Lee Hsien Loong has led the government since 2004 and will oversee a PAP leadership transition before the next parliamentary election, which is slated for 2021.

An animated overview of the Singapore economy, presenting the latest GDP, growth and industry breakdown, latest data and partners in investments in Singapore and abroad, profile of enterprises, and latest data and partners in trade in goods and services. In 2019, the government introduced measures to decrease the ratio of foreign workers to local employees, threatening labor supply in the services sector. GDP per capita is gross domestic product divided by midyear population. World Bank national accounts data, and OECD National Accounts data files.

Singapore has a highly developed and successful free-market economy.

0 % Scroll down to see more. In 2018, GDP per capita for Singapore was 66,189 US dollars. Sources: Heritage Foundation; World Economic Forum; Transparency International; Freedom House; World Bank; Central Intelligence Agency; Property Rights Alliance. Read more about Singapore Economy. Our website uses cookies to improve your online experience. Public debt is equivalent to 108.3 percent of GDP. Property rights are recognized and enforced effectively. Singapore Airlines will begin flying non-stop to New York JFK Airport in November, the new longest airline route in the world, and a hint at its future network plans.

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