United States. Central Intelligence Agency

“ Economy Singapore Economy - overview: Singapore, a highly developed and successful free market economy, enjoys a remarkably open and corruption-free environment, stable prices, and a high per capita GDP. The economy depends heavily on exports, particularly in electronics and manufacturing. It was hard hit in 2001-03 by the global recession and the slump in the technology sector. The government hopes to establish a new growth path that will be less vulnerable to the external business cycle but is unlikely to abandon efforts to establish Singapore as Southeast Asia's financial and high-tech hub. ”

“ Unemployment rate: 4.8% (2003 est.) Budget: revenues: $14.15 billion
expenditures: $15.61 billion, including capital expenditures of $5.6 billion (2003 est.) Public debt: 106.4% of GDP (2003) Agriculture - products: rubber, copra, fruit, orchids, vegetables, poultry, eggs, fish, ornamental fish Industries: electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade Industrial production growth rate: 2.8% (2003 est.) ”

“ Exports - commodities: machinery and equipment (including electronics) , consumer goods, chemicals, mineral fuels Exports - partners: Malaysia 15.8%, US 14.3%, Hong Kong 10%, China 7%, Japan 6.7%, Taiwan 4.7%, Thailand 4.3%, South Korea 4.2% (2003) Imports: $121.6 billion (2003 est.) Imports - commodities: machinery and equipment, mineral fuels, chemicals, foodstuffs Imports - partners: Malaysia 16.8%, US 14.1%, Japan 12%, China 8.7%, Taiwan 5.1%, Thailand 4.3% (2003) Reserves of foreign exchange & gold: $95.75 billion (2003) Debt - external: $15.06 billion (2003 est.) ”