Singapore
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SINGAPORE Fact sheets are updated biannually; June and December
General information Capital: Land area: Official language(s): Population: Currency:
Singapore 700 sq km Malay, Chinese (Mandarin), Tamil, English 5.6 million (2017) Singapore dollar
Economic indicators (a) GDP (US$b) (current prices) GDP per capita (US$) GDP PPP (Int'l $b) GDP per capita PPP (Int'l $) Real GDP growth (% change yoy) Current account balance (US$b) Current account balance (% GDP) Inflation (% change yoy) Unemployment (% labour force)
Head of State President Madam Halimah Yacob Head of Government Prime Minister Mr Lee Hsien Loong
2013
2014
2015
2016
2017
2018
304.5 56,389.2 441.8 81,820.7 5.1 50.3 16.5 2.4 1.9
311.6 56,959.3 467.6 85,489.5 3.9 58.2 18.7 1.0 2.0
304.1 54,939.9 483.2 87,298.3 2.2 56.5 18.6 -0.5 1.9
309.8 55,241.3 500.2 89,203.1 2.4 58.8 19.0 -0.5 2.1
323.9 57,713.3 528.1 94,104.7 3.6 61.0 18.8 0.6 2.2
346.6 61,230.2 556.2 98,255.3 2.9 64.1 18.5 1.0 2.0
Australia's trade and investment relationship with Singapore (b) Australian merchandise trade with Singapore, 2017-18 (A$m) Exports to Singapore 7,955 Imports from Singapore 9,354 Total merchandise trade (exports + imports) 17,308 Major Australian exports, 2017-18 (A$m) Gold Crude petroleum Refined petroleum Animal oils & fats
1,157 1,036 486 258
Total share 2.5% 3.1% 2.8%
Rank 9th 8th 8th
Major Australian imports, 2017-18 (A$m) Refined petroleum Computers Edible products & preparations, nes Cocoa
Growth (yoy) 36.0% 12.7% 22.3%
6,167 391 198 128
Includes A$2.5b of confidential items & special transactions, 31% of total exports.
Australia's trade in services with Singapore, 2017-18 (A$m) Exports of services to Singapore 5,209 Imports of services from Singapore 5,256 Major Australian services exports, 2017-18 (A$m) Professional, technical & other business Personal travel excluding education
1,937 833
Total share 5.9% 5.6%
Rank 4th 4th
Major Australian services imports, 2017-18 (A$m) Transport Professional, technical & other business
Australia's investment relationship with Singapore, 2017 (A$m) Australia's investment in Singapore Singapore's investment in Australia
Total 59,418 82,038
Growth (yoy) -5.3% 4.5% 1,869 1,504
FDI 20,221 26,286
Singapore's global merchandise trade relationships Singapore's principal export destinations, 2017 1 China 2 Hong Kong (SAR of China) 3 Malaysia
12 Australia
14.5% 12.3% 10.6%
2.7%
Singapore's principal import sources, 2017 1 China 2 Malaysia 3 United States
20 Australia
13.8% 11.9% 10.6%
1.2%
Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources
(a) Economic indicators data is from the IMF WEO where available, WKH(,8RURWKHUUHSXWDEOHVRXUFH'DWDPD\LQFOXGHIRUHFDVWVRUSURMHFWLRQVIRUUHFHQW\HDUV*1,PD\EHVKRZQLQOLHXRI*'3IRUFRXQWULHVZKHUH*'3GDWDLVXQDYDLODEOH E 0HUFKDQGLVHWUDGHGDWDLVEDVHGRQSXEOLVKHGDQGXQSXEOLVKHG$%6GDWD0D\H[FOXGHFRQILGHQWLDOLWHPVRIWUDGH7RWDOVPD\QRWDGGXSGXHWRURXQGLQJ,QYHVWPHQWGDWDLVVWRFNVDVDWHQG'HFHPEHU All data may be subject to future revisions. *'3*URVV'RPHVWLF3URGXFW3333XUFKDVLQJSRZHUSDULW\*1,*URVV1DWLRQDO,QFRPHQD'DWDLVQRWDYDLODEOHQS'DWDLVQRWSXEOLVKHG'DWDLVQRWPHDQLQJIXO3ULPDU\3ULPDU\JRRGV6706LPSO\WUDQVIRUPHGPDQXIDFWXUHV (70(ODERUDWHO\WUDQVIRUPHGPDQXIDFWXUHV2WKHU2WKHUJRRGVLQFOXGLQJQRQPRQHWDU\JROGIFI)UHVKFKLOOHGRUIUR]HQQHV1RWHOVHZKHUHVSHFLILHG
General information Capital: Land area: Official language(s): Population: Currency:
Singapore 700 sq km Malay, Chinese (Mandarin), Tamil, English 5.6 million (2017) Singapore dollar
Economic indicators (a) GDP (US$b) (current prices) GDP per capita (US$) GDP PPP (Int'l $b) GDP per capita PPP (Int'l $) Real GDP growth (% change yoy) Current account balance (US$b) Current account balance (% GDP) Inflation (% change yoy) Unemployment (% labour force)
Head of State President Madam Halimah Yacob Head of Government Prime Minister Mr Lee Hsien Loong
2013
2014
2015
2016
2017
2018
304.5 56,389.2 441.8 81,820.7 5.1 50.3 16.5 2.4 1.9
311.6 56,959.3 467.6 85,489.5 3.9 58.2 18.7 1.0 2.0
304.1 54,939.9 483.2 87,298.3 2.2 56.5 18.6 -0.5 1.9
309.8 55,241.3 500.2 89,203.1 2.4 58.8 19.0 -0.5 2.1
323.9 57,713.3 528.1 94,104.7 3.6 61.0 18.8 0.6 2.2
346.6 61,230.2 556.2 98,255.3 2.9 64.1 18.5 1.0 2.0
Australia's trade and investment relationship with Singapore (b) Australian merchandise trade with Singapore, 2017-18 (A$m) Exports to Singapore 7,955 Imports from Singapore 9,354 Total merchandise trade (exports + imports) 17,308 Major Australian exports, 2017-18 (A$m) Gold Crude petroleum Refined petroleum Animal oils & fats
1,157 1,036 486 258
Total share 2.5% 3.1% 2.8%
Rank 9th 8th 8th
Major Australian imports, 2017-18 (A$m) Refined petroleum Computers Edible products & preparations, nes Cocoa
Growth (yoy) 36.0% 12.7% 22.3%
6,167 391 198 128
Includes A$2.5b of confidential items & special transactions, 31% of total exports.
Australia's trade in services with Singapore, 2017-18 (A$m) Exports of services to Singapore 5,209 Imports of services from Singapore 5,256 Major Australian services exports, 2017-18 (A$m) Professional, technical & other business Personal travel excluding education
1,937 833
Total share 5.9% 5.6%
Rank 4th 4th
Major Australian services imports, 2017-18 (A$m) Transport Professional, technical & other business
Australia's investment relationship with Singapore, 2017 (A$m) Australia's investment in Singapore Singapore's investment in Australia
Total 59,418 82,038
Growth (yoy) -5.3% 4.5% 1,869 1,504
FDI 20,221 26,286
Singapore's global merchandise trade relationships Singapore's principal export destinations, 2017 1 China 2 Hong Kong (SAR of China) 3 Malaysia
12 Australia
14.5% 12.3% 10.6%
2.7%
Singapore's principal import sources, 2017 1 China 2 Malaysia 3 United States
20 Australia
13.8% 11.9% 10.6%
1.2%
Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources
(a) Economic indicators data is from the IMF WEO where available, WKH(,8RURWKHUUHSXWDEOHVRXUFH'DWDPD\LQFOXGHIRUHFDVWVRUSURMHFWLRQVIRUUHFHQW\HDUV*1,PD\EHVKRZQLQOLHXRI*'3IRUFRXQWULHVZKHUH*'3GDWDLVXQDYDLODEOH E 0HUFKDQGLVHWUDGHGDWDLVEDVHGRQSXEOLVKHGDQGXQSXEOLVKHG$%6GDWD0D\H[FOXGHFRQILGHQWLDOLWHPVRIWUDGH7RWDOVPD\QRWDGGXSGXHWRURXQGLQJ,QYHVWPHQWGDWDLVVWRFNVDVDWHQG'HFHPEHU All data may be subject to future revisions. *'3*URVV'RPHVWLF3URGXFW3333XUFKDVLQJSRZHUSDULW\*1,*URVV1DWLRQDO,QFRPHQD'DWDLVQRWDYDLODEOHQS'DWDLVQRWSXEOLVKHG'DWDLVQRWPHDQLQJIXO3ULPDU\3ULPDU\JRRGV6706LPSO\WUDQVIRUPHGPDQXIDFWXUHV (70(ODERUDWHO\WUDQVIRUPHGPDQXIDFWXUHV2WKHU2WKHUJRRGVLQFOXGLQJQRQPRQHWDU\JROGIFI)UHVKFKLOOHGRUIUR]HQQHV1RWHOVHZKHUHVSHFLILHG
