singapore gdp per capita 2018

The government actively enforces its strong anticorruption laws and maintains well-institutionalized anticorruption processes. Singapore is considered one of the world’s least corrupt countries.

With fears of more financial tumult ahead amid a push for progressive financial reform, cricket has hit a pivotal juncture. In 2018, GDP per capita for Singapore was 66,189 US dollars. Singapore is the only country in the world that is considered economically free in every Index category. The overall tax burden equals 14.1 percent of total domestic income. We can access the same information and tools whether we are in Cape Town, Singapore or Chicago, yet we don’t have any established global laws for data privacy. You can change your personal cookie settings through your internet browser settings. Lim Hock Chee and his brothers Hock Eng and Hock Leng saw their combined net worth rise 38% to $1.2 billion this year as shares of their budget supermarket chain soared. See how Singapore compares to another country using any of the measures in the Index. Per Capita GNI And Per Capita GDP At Current Prices, Annual. GDP per capita in Singapore averaged 25153.83 USD from 1960 until 2019, reaching an all time high of 59073.50 USD in 2018 and a record low of 3503.40 USD in 1960.

Singapore has a highly developed and successful free-market economy. Definition: GDP per capita is gross domestic product divided by midyear population. Singapore has a highly developed and successful free-market economy. © 2020 Forbes Media LLC. Growth recovered to 3.6% in 2017 with a strengthening global economy. Singapore has a highly developed and successful free-market economy. In 2018, GDP per capita for Singapore was 66,189 US dollars. Singapore | World Bank Development Indicators. GDP per capita of Singapore increased from 813 US dollars in 1969 to 66,189 US dollars in 2018 growing at an average annual rate of 9.86%. The Trading Economics Application Programming Interface (API) provides direct access to our data. Noted economist Sean Masaki Flynn reveals how Singapore provides superb universal health care at a fraction of the cost of ours by using free-market principles, and how the U.S. can do it, too. The city's futuristic skyline has a brand new architectural eye-popper that is destined to become a top tourist attraction. Per Capita GDP at Current Prices $ 0 Real GDP Growth.

GDP per capita (current LCU) - Singapore from The World Bank: Data Foreign and domestic businesses are treated equally under the law, and nearly all sectors of the economy are open to 100 percent foreign ownership. GDP is the sum of gross value added by all resident … This site uses cookies to optimize functionality and give you the best possible experience. Use Forbes logos and quotes in your marketing.

Tax Burden 90.3 Create a Graph using this measurement, Government Spending 91.1 Create a Graph using this measurement, Fiscal Health 80.0 Create a Graph using this measurement. Principal exports include integrated circuits, refined petroleum, and computers. Ongoing restrictions on civil liberties, while not directly affecting the country’s score, may have an indirect impact on economic freedom and remain a concern. GDP per capita (current US$) in Singapore was reported at 64582 USD in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Property Rights 96.8 Create a Graph using this measurement, Judicial Effectiveness 92.9 Create a Graph using this measurement, Government Integrity 92.4 Create a Graph using this measurement. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Singapore - GDP per capita - actual values, historical data, forecasts and projections were sourced from the. Its overall score is unchanged from 2019, with a small improvement in the business freedom score offset by a small decline in the government integrity score. The average applied tariff rate is 0.1 percent, and 182 nontariff measures are in force. All Rights Reserved. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community. Singapore is ranked 1st among 42 countries in the Asia–Pacific region, and its overall score is well above the regional and world averages.

It could lead to opening international borders.

The description is composed by our digital data assistant. Although certain civil liberties remain restricted, the PAP has championed economic liberalization and international trade.

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Data are in current U.S. dollars. GDP per capita of Singapore increased from 813 US dollars in 1969 to 66,189 US dollars in 2018 growing at an average annual rate of 9.86%. As the graph below shows, over the past 58 years this indicator reached a maximum value of 87,108 in 2018 and a minimum value of 1,310 in 1960. Read more about Singapore Economy. NOTE: The information regarding GDP - per capita (PPP) on this page is re-published from the CIA World Factbook 2018. The economy of Singapore is a highly developed free-market economy. An animated overview of the Singapore economy, presenting the latest GDP, growth and industry breakdown, latest data and partners in investments in Singapore and abroad, profile of enterprises, and latest data and partners in trade in goods and services. The government funds generous housing, transport, and health care subsidy programs and influences other prices through regulation and state-linked enterprises. Gross Domestic Product (GDP) refers to the aggregate value of the goods and services produced within the economic territory of Singapore. Services dominate the economy, but Singapore is also a major manufacturer of electronics and chemicals and operates one of the world’s largest ports. GDP per capita (current LCU) The value for GDP per capita (current LCU) in Singapore was 87,108 as of 2018. Singapore’s economic freedom score is 89.4, making it the world’s freest economy in the 2020 Index. Singapore's GDP Per Capita reached 65,233.000 USD in Dec 2019, compared with 66,174.000 USD in Dec 2018.

A new digital platform demonstrating a passenger's COVID-19 status is being tested on flights between Singapore and Hong Kong and London and New York this week. All Rights Reserved. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China.

The total value of exports and imports of goods and services equals 326.2 percent of GDP. Search and explore the world’s largest statistical database to find data. I sit down with Emi Eu, Executive Director of Singapore-based STPI – Creative Workshop & Gallery, to discuss the impact of COVID-19 on her gallery and how the art world is changing. The top individual income tax rate is 22 percent, and the top corporate tax rate is 17 percent.

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