General profile: Singapore

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
5.850 Millions
1.380 SGD/US$
337 880 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 709 km²
-0.18 %
-5.39 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-7.2 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
229 649
351 867
351 587
362 534
Merchandise imports
200 047
310 791
297 087
329 830
Merchandise trade balance
29 602
41 076
54 500
32 704
Export structure by product group in 2020
(as % of total exports)
6 %6 %80 %80 %10 %10 %4 %4 %
Top 5 partners in 2020
(exports, millions of US$)
51 82249 21542 26330 16020 02451 82249 21542 26330 16020 024
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
45 605
100 382
153 200
187 564
Services imports
55 052
100 518
161 693
172 689
Services trade balance
-9 447
-136
-8 493
14 875
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
42.7
38.4
30.4
28.3
Travel
13.6
14.1
10.8
2.8
Other services
36.9
40.9
54.1
66.0
TRADE INDICES
More data on UNCTADstat
10110110510299100919085868471787671656051403840919495969910093949293969796969799100100108111114
ECONOMIC TRENDS
More data on UNCTADstat
-5.4 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
127 808
239 808
307 999
337 880
GDP per capita, current US$
29 962
46 736
55 077
57 754
Real GDP growth, y-on-y, %
7.36
14.53
2.99
-5.39
Current account balance, % of GDP
23.26
22.93
18.69
17.69
Exchange rate (/US$)
1.664
1.364
1.375
1.380
GDP by expenditure in 2019
(as % of total GDP)
36.010.324.9173.5145.636.010.324.9173.5145.6
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+9.6 %
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
17 747.78
57 460.08
59 700.11
90 561.86
FDI outflows
12 552.51
35 407.15
45 223.05
32 375.47
Personal remittances, % of GDP
..
..
..
..
Financial flows trends
(millions of US$)
90 562114 16275 96984 67170 22159 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
2020
Balance, % of GDP
29.89
26.31
27.30
17.72
Balance, % of imports
15.31
15.33
18.07
11.92
Normalized balance
0.071
0.071
0.083
0.056
Trade openness²
(sum of imports and exports as % of GDP)
315325328317304329360367369379370358437394425420
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
57%Male 57%Female
43%Female 43%
OTHER INDICATORS
More data on UNCTADstat
6.759 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
Merchant fleet, national flag (thousands of DWT)
40 935
61 660
117 534
140 030
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
90.29
98.32
110.49
Container port throughput (TEU)
..
29 147 000
31 710 200
36 870 900
Information economy indicators
(as % of)
2005
2010
2015
2020
Share of ICT goods, % of total exports
15.88
34.08
32.40
33.73
Share of ICT goods, % of total imports
11.28
27.54
26.98
32.87
Share of workforce involved in the ICT sector
..
4.50
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
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).
n
Estimated. Data refers to 2016.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
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 UNCTADstat 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 UNCTADstat.
Generation date: 05 January 2022