Singapore Economy



Singapore is a beautiful country which is made up of 63 islands. It is a country where there is no distinct seasons. Singapore experiences Uniform Temperature through out the whole year along with high level of Humidity and ample Rainfall.

Singapore achieved self governing power in 1959. It went through a merger with Malaysia in 1963 but came out of it soon in 1965.

Singapore emerged as a developed and powerful economy by riding on a rapid growth path. Today, it is referred as one of the most promising Market Based Economy of the world which embraces all business opportunities and foreign investments from any country of the world.

Singapore Economy GDP Performance 1980-2013

Singapore Economy GDP Performance 1980-2013

Information on GDP & Inflation of Singapore Economy
Year GDP % Change Inflation % Change Year GDP % Change Inflation % Change
1980 10.03 8.53 1997 8.29 2.00
1981 10.68 8.18 1998 -2.23 -0.27
1982 7.17 3.92 1999 6.10 0.02
1983 8.54 1.20 2000 8.90 1.36
1984 8.80 2.60 2001 -0.95 1.00
1985 -0.69 0.48 2002 4.21 -0.39
1986 1.33 -1.39 2003 4.44 0.51
1987 10.76 0.52 2004 9.55 1.66
1988 11.12 1.52 2005 7.49 0.43
1989 10.18 2.35 2006 8.86 1.02
1990 10.04 3.46 2007 9.11 2.10
1991 6.69 3.43 2008 1.79 6.52
1992 7.09 2.26 2009 -0.60 0.60
1993 11.54 2.29 2010 15.24 2.80
1994 10.93 3.10 2011 6.06 5.25
1995 7.03 1.72 2012 2.50 4.53
1996 7.53 1.38 2013 3.85 2.39

Source: World Bank

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Last Updated on : 05th March 2015