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General profile: Singapore

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
5.789 Millions
..
468 641 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 718 km²
4.82 %
0.88 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-7.7 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
229 649
351 867
351 587
476 252
Merchandise imports
200 047
310 791
297 087
423 448
Merchandise trade balance
29 602
41 076
54 500
52 804
Export structure by product group in 2023
(as % of total exports)
6 %6 %74 %74 %16 %16 %4 %4 %
Top 5 partners in 2023
(exports, millions of US$)
63 92458 29243 84943 38029 71863 92458 29243 84943 38029 718
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
45 605
100 382
153 200
328 051
Services imports
55 052
100 518
161 693
295 499
Services trade balance
-9 447
-136
-8 493
32 551
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
42.7
38.4
30.4
32.1
Travel
13.6
14.1
10.8
6.4
Other services
36.9
40.9
54.1
(e) 58.8
TRADE INDICES
More data on UNCTADstat
110117113101101105102991009190858684717876719394949194959699100939492939697969697
ECONOMIC TRENDS
More data on UNCTADstat
+0.9 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
127 808
239 808
307 998
468 641
GDP per capita, current US$
29 943
47 234
55 743
80 952
Real GDP growth, y-on-y, %
7.37
14.52
2.98
0.88
Current account balance, % of GDP
23.26
22.93
18.69
21.15
Exchange rate (/US$)
1.664
1.364
1.375
..
GDP by expenditure in 2022
(as % of total GDP)
29.810.021.9186.6150.329.810.021.9186.6150.3
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+13.4 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
17 747.78
57 460.08
59 700.11
159 669.62
FDI outflows
(k) 12 552.51
(k) 35 407.15
(k) 45 223.05
(k) 62 997.23
Personal remittances, % of GDP
..
..
..
..
Financial flows trends
(millions of US$)
159 670141 118126 67474 85797 53373 11585 35567 50859 70073 28756 67260 10339 89057 46018 53211 81042 60937 48017 74822 32516 3535 33817 30214 752FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
29.89
26.31
27.30
39.97
Balance, % of imports
15.31
15.33
18.07
27.28
Normalized balance
0.071
0.071
0.083
0.120
Trade openness²
(sum of imports and exports as % of GDP)
333356338333323327317303329360367369379370358437394425420
LIVING AREA
Population by living area in 2023
(% of population)
Urban 100%Urban 100%Rural 0%
OTHER INDICATORS
More data on UNCTADstat
5.937 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
40 935
61 660
117 534
135 206
Container port throughput (TEU)
..
28 431 100
30 922 300
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
15.88
34.08
32.40
..
Share of ICT goods, % of total imports
11.28
27.54
26.98
..
Share of workforce involved in the ICT sector
..
4.50
..
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
k
Asset/liability basis.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024