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Revision as of 12:40, 6 November 2010
Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but separated two years later and became independent. Singapore subsequently became one of the world's most prosperous countries with strong international trading links (its port is one of the world's busiest in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe.[1]
Economical characteristics
- Currency: Singapore dollar (ISO code: SGD)
- Central bank discount rate: [1]
- Commercial banks lending rate: 5.38% (31 December 2009 est.)[1]
- Stock of money (M1): $52.57 billion (31 December 2008)[1]
- Quasi money (with M1 makes M2): $179 billion (31 December 2008)[1]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[2] | 82 611 | 92 717 | 85 655 | 88 332 | 93 206 | 109 664 | 120 942 | 139 177 | 166 950 | 181 948 |
| Govt. debt (% of GDP)[3] | 91.771 | 86.881 | 98.475 | 111.397 | 113.763 | 106.758 | 100.349 | 88.462 | 83.752 | 102.598 |
| Govt. revenue (% of GDP)[4] | 28.803 | 26.612 | 25.525 | 22.192 | 20.351 | 19.701 | 19.205 | 19.113 | 20.864 | 21.725 |
| Govt. expenses (% of GDP)[5] | 15.430 | 16.286 | 19.047 | 16.915 | 16.696 | 15.096 | 13.308 | 13.943 | 13.167 | 15.436 |
| Debt to revenue (years) | 3.186 | 3.265 | 3.858 | 5.020 | 5.590 | 5.419 | 5.225 | 4.628 | 4.014 | 4.723 |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid
<ref>tag; no text was provided for refs namedCIA_SG - ↑ World Bank. "Singapore: GDP", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Singapore: government debt", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Singapore: government revenue", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Singapore: government expenses", from World Bank Data. Referenced 2010-09-30.
External links
- Singapore on Wikipedia
- Central bank of Singapore
- Studies from the Library of Congress (1986-1998)
- BBC country profile