Economy - overview:

Singapore has a hi ghly developed and successful fr ee -market ec onomy. It enjoys a remarkably open and corrupti on -free environment, stabl e prices, and a per capit a GDP higher than t hat of most devel oped countri es. The economy depends h on exports, partic ularl y in consumer electronics, infor mation t echnol ogy products, phar mac euticals, and on a gr owi ng fi na services sector. Real GDP growth aver aged 8. 6% bet ween 2004 and 2007. The economy contr acted 0. 8% i n 2009 as a re the global financial crisis, but r ebounded 14. 8% i n 2010, on t he strengt h of renewed exports, b efor e slowing to 5.2% in 2 and 1.3% i n 2012, l argel y a result of soft demand f or exports duri ng t he second Eur opean r ecession. Over the l onger term government hopes to establish a new gr owt h path t hat focuses on raisi ng productivity, which has sunk to an average of a 1.0% i n t he l ast decade. Si ngapor e has attr acted major investments in pharmac eutic als and medical tec hnology pr oductio will conti nue efforts to establish Si ngapore as Sout heast Asia's financi al and hi gh -tech hub. GDP (purchasing power parity): $331.9 billion (2012 est.) country comparison to the world: 4 1 $327.6 billion (2011 est.) $311.5 billion (2010 est.) note: data ar e in 2012 US doll ars GDP (official exchange rate): $276.5 billion (2012 est.) GDP - real growth rate: 1.3% ( 2012 est.) country comparison to the world: 1 5 6 5.2% ( 2011 est.) 14. 8% ( 2010 est.) GDP - per capita (PPP): $61, 400 (2012 est.) country comparison to the world: 7 $61, 700 (2011 est.) $60, 100 (2010 est.) note: data ar e in 2012 US doll ars Gross national saving: 45. 6% of GDP (2012 est.) country comparison to the world: 7 46. 8% of GDP (2011 est.) 48. 2% of GDP (2010 est.) GDP - composition, by end use: household consumption: 39. 2% government consumption: 9. 7% investment in fixed capital: 24. 1% investment in inventories: 2.9% exports of goods and services: 200.7% imports of goods and services: -178. 5% (2012 est.) GDP - composition, by sector of origin: agriculture: 0% industry: 26. 8% services: 73. 2% ( 2012 est. )

Agriculture - products: orchids, vegetables; poultr y, eggs; fish, ornament al fi sh Industries:

electronics, chemic als, financial ser vices, oil drilling equi pment, petrol eum refi ni ng, r ubber proc essing and rubber produc processed f ood and bever ages, shi p repair, offshore platform construction, lif e scienc es, entr epot trade Industrial production growth rate: 1.2% ( 2012 est.) country comparison to the world: 1 1 5 Labor force: 3.618 million country comparison to the world: 9 7 note: excludes non-resi dents (2012 est.) Labor force - by occupation: agriculture: 0. 1% industry: 19. 6% services: 80. 3% note: excludes non-resi dents (2011) Unemployment rate: 1.9% ( 2012 est.) country comparison to the world: 1 0 2% (2011 est.) Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: 4. 4% highest 10%: 23. 2% ( 2008) Distribution of family income - Gini index: 47. 8 (2012) country comparison to the world: 2 6 48. 1 (2008) Budget: revenues: $43. 44 billi on expenditures: $37.83 billion note: expendit ur es include bot h operati onal and devel opment expenditur es (2012 est.) Taxes and other revenues: 15. 7% of GDP (2012 est.) country comparison to the world: 1 8 8 Budget surplus (+) or deficit (-): 2% of GDP (2012 est.) country comparison to the world: 2 5 Public debt: 111. 4% of GDP ( 2012 est.) country comparison to the world: 1 1

106% of GDP (2011 est.) note: for Si ngapore, public debt consists largel y of Si ngapor e Government Securities (SGS) issued t o assi st the Centr al Provident Fund (CPF), whi ch administ ers Singapore's defi ned contributi on pensi on f und; special issues of SGS are held CPF, and are non-tradabl e; the government has not borrowed to fi nance defi cit expendit ures sinc e the 1980s Fiscal year: 1 April - 31 Marc h Inflation rate (consumer prices): 4.6% ( 2012 est.) country comparison to the world: 1 3 8 5.2% ( 2011 est.) Commercial bank prime lending rate: 5.38% ( 31 December 2012 est.) country comparison to the world: 1 5 4 5.38% ( 31 December 2011 est.) Stock of narrow money: $115 billi on ( 31 Dec ember 2012 est.) country comparison to the world: 3 3 $99. 28 billion (31 December 2011 est.) Stock of broad money: $400.8 billion (31 December 2012 est.) country comparison to the world: 2 6 $340.9 billion (31 December 2011 est.) Stock of domestic credit: $281.1 billion (31 December 2012 est.) country comparison to the world: 3 6 $235.2 billion (31 December 2011 est.) Market value of publicly traded shares: $709.4 billion (31 December 2012) country comparison to the world: 2 1 $569.4 billion (31 December 2011) $620.5 billion (31 December 2010) Current account balance: $51. 44 billion (2012 est.) country comparison to the world: 1 1 $65. 32 billion (2011 est.) Exports: $435.8 billion (2012 est.) country comparison to the world: 1 4 $434.1 billion (2011 est.) Exports - commodities: machi nery and equipment ( including el ectronics and t elec ommunic ations), phar maceuticals and ot her c hemicals, refined petr oleum products Exports - partners: Mal aysi a 12.2%, Hong Kong 10.9%, China 10. 7%, Indonesia 10. 5%, US 5.5%, J apan 4.6%, Australi a 4.2%, South Kor ea (2012)

Imports: $374.9 billion (2012 est.) country comparison to the world: 1 4 $361.5 billion (2011 est.) Imports - commodities: machi nery and equipment, mineral f uels, chemicals, f oodstuffs, consumer goods Imports - partners:

Mal aysi a 10.6%, Chi na 10. 3%, US 10.2%, Sout h Kor ea 6. 8%, Japan 6.2%, Indonesia 5.3%, Saudi Ar abi a 4. 5%, UAE 4.1% (2012) Reserves of foreign exchange and gold: $259.1 billion (31 December 2012 est.) country comparison to the world: 1 2 $237.9 billion (31 December 2011 est.) Debt - external: $1. 174 trillion ( 31 December 2012 est.) country comparison to the world: 1 6 $1. 088 trillion ( 31 December 2011 est.) Stock of direct foreign investment - at home: $454.9 billion (31 December 2012 est.) country comparison to the world: 1 6 $517.5 billion (31 December 2011 est.) Stock of direct foreign investment - abroad: $300.3 billion (31 December 2012 est.) country comparison to the world: 2 0 $331 billi on ( 31 Dec ember 2011 est.) Exchange rates: Singapore doll ars (SGD) per US dollar 1.2497 ( 2012 est.) 1.258 (2011 est.) 1.3635 ( 2010 est.) 1.4545 ( 2009) 1.415 (2008)