What is the average GDP of Singapore?

What is the average GDP of Singapore?

Economy of Singapore

GDP $379.071 billion (nominal, 2022 est.) $617.987 billion (PPP, 2022 est.)
GDP rank 38th (nominal, 2020) 37th (PPP, 2020)
GDP growth 3.4% (2018) 0.7% (2019) −3.5% (2020e) 5.5% (2021e)
GDP per capita $62,112.954 (nominal, 2022 est.) $101,408.889 (PPP, 2022 est.)

Why is Singapore’s GDP so high?

Today, the Singapore economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus. The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport.

What is the GDP value of Singapore in the world?

The GDP value of Singapore represents 0.30 percent of the world economy. source: World Bank GDP in Singapore averaged 95.19 USD Billion from 1960 until 2020, reaching an all time high of 373.22 USD Billion in 2018 and a record low of 0.70 USD Billion in 1960.

What is Singapore’s GDP growth rate for 2020?

Singapore’s GDP growth forecast for 2020 to “-7.0 to -5.0 per cent”, from “-7.0 to -4.0 per cent”. Economic Performance in Second Quarter 2020 The Singapore economy contracted by 13.2 per cent on a year-on-year basis in the second quarter, worsening from the 0.3 per cent contraction in the previous quarter.

What is the GDP of the Finance and insurance industry in Singapore?

In 2020, the gross domestic product (GDP) of the finance and insurance industry in Singapore amounted to approximately 70.3 billion Singapore dollars. In that year, the GDP from services producing industries amounted to around 313.7 billion Singapore dollars. You need a Single Account for unlimited access.

What will be the long-term economic growth of Singapore?

In the long-term, the Singapore GDP is projected to trend around 390.00 USD Billion in 2021 and 425.00 USD Billion in 2022, according to our econometric models. 10Y 25Y