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Singapore Economy
GDP:
purchasing power parity - $109.4 billion (2003 est.)
GDP - real growth rate:
1.1% (2003 est.)
GDP - per capita:
purchasing power parity - $23,700 (2003 est.)
GDP - composition by sector:
agriculture: negligible
industry: 32.2%
services: 67.8% (2003 est.)
Investment (gross fixed):
24.9% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
0.5% (2003 est.)
Labor force:
2.2 million (2003)
Labor force - by occupation:
manufacturing 18%, construction 6%, transportation and communication 11%, financial, business, and other services 49%, other 16% (2003)
Unemployment rate:
4.8% (2003 est.)
Budget:
revenues: $14.15 billion
expenditures: $15.61 billion, including capital expenditures of $5.6 billion (2003 est.)
Public debt:
106.4% of GDP (2003)
Industries:
electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade
Industrial production growth rate:
2.8% (2003 est.)
Electricity - production:
30.48 billion kWh (2001)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
28.35 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
700,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Natural gas - production:
0 cu m (2001 est.)
Natural gas - consumption:
2.5 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
2.5 billion cu m
: Note: from Indonesia and Malaysia (2001 est.)
Agriculture - products:
rubber, copra, fruit, orchids, vegetables, poultry, eggs, fish, ornamental fish
Current account balance:
$26.15 billion (2003)
Exports:
$142.4 billion f.o.b. (2003 est.)
Exports - commodities:
machinery and equipment (including electronics), consumer goods, chemicals, mineral fuels
Exports - partners:
Malaysia 15.8%, US 14.3%, Hong Kong 10%, China 7%, Japan 6.7%, Taiwan 4.7%, Thailand 4.3%, South Korea 4.2% (2003 est.)
Imports:
$121.6 billion (2003 est.)
Imports - commodities:
machinery and equipment, mineral fuels, chemicals, foodstuffs
Imports - partners:
Malaysia 16.8%, US 14.1%, Japan 12%, China 8.7%, Taiwan 5.1%, Thailand 4.3% (2003 est.)
Reserves of foreign exchange & gold:
$95.75 billion (2003)
Debt - external:
$15.06 billion (2003 est.)
Economic aid - recipient:
NA
Currency code:
SGD
Fiscal year:
1 April - 31 March
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