Economy of Singapore
| Country group | Developed/Advanced High-income economy |
| Statistics | |
|---|---|
| Population | 5,770,040 (2020) |
| GDP | $379.071 billion (nominal, 2021 est.) $617.987 billion (PPP, 2021 est.) |
| GDP rank | 38th (nominal, 2020) 37th (PPP, 2020) |
Contents
What is the rank of Singapore?
Regional Ranking
| RANK | COUNTRY | OVERALL |
|---|---|---|
| 1 | Singapore | 89.7 |
| 2 | New Zealand | 83.9 |
| 3 | Australia | 82.4 |
| 4 | Taiwan | 78.6 |
What country is #1 in economy?
United States
Gross Domestic Product (GDP) is used to provide a snapshot of a country’s monetary market value of all final goods and services that the country has made during a specific period.
The top 20 largest economies in the world by GDP.
| Rank | Country | GDP (Nominal) (billions of $) |
|---|---|---|
| 1 | United States | 20,807.27 |
| 2 | China | 15,222.16 |
| 3 | Japan | 4,910.58 |
| 4 | Germany | 3,780.55 |
How is Singapore so rich?
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.
Is Singapore Army Strong?
For 2021, Singapore is ranked 40 of 140 out of the countries considered for the annual GFP review. It holds a PwrIndx* score of 0.6931 (a score of 0.0000 is considered ‘perfect’). This entry last updated on 03/03/2021.
Which is the richest country?
China
China has surpassed the United States to become the world’s richest country, following a sharp rise in wealth over the past two decades.
What country has the highest debt?
Japan
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan’s national debt currently sits at ¥1,028 trillion ($9.087 trillion USD).
Which country is financially strongest?
According to the 2020 survey (released in 2021), the United States is the world’s most powerful country. The United States has the world’s largest economy, with a GDP of $20.93 trillion in 2020 and the most massive military budget of $778 billion in 2020.
Is Singapore a 1st world country?
The term “First World” was first introduced by French demographer Alfred Sauvy in 1952* and used frequently throughout the Cold War.
First World Countries 2021.
| Ranking | 11 |
|---|---|
| Country | Singapore |
| Human Development Index | 0.938 |
| 2021 Population | 5,896,686 |
Is Singapore the richest country in Asia?
The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of $107,690 (PPP Int$). Singapore owes its wealth not to oil but rather to a low level of government corruption and a business-friendly economy.
Is Singapore Religious?
Singapore is home to 10 religions – Buddhism, Hinduism, Islam, and Christianity are the primary religions of Singapore, while Zoroastrianism, Judaism, Sikhism, Jainism, and others form the minority cluster.
Religion in Singapore – A Melting Pot of Cultures.
| Religious Community | Population Percentage |
|---|---|
| Other religions | 0.6% |
Who protects Singapore?
The SAF has three services: the Singapore Army, the Republic of Singapore Air Force (RSAF) and the Republic of Singapore Navy (RSN). The SAF protects the interests, sovereignty and territorial integrity of Singapore from external threats.
Does Singapore have Battleship?
Bilateral exercises with foreign navies are held regularly. All commissioned ships of the RSN have the prefix RSS standing for Republic of Singapore Ship.
| Republic of Singapore Navy | |
|---|---|
| Size | 7,000 personnel (2020) 36 ships |
| Part of | Singapore Armed Forces |
| Garrison/HQ | Changi Naval Base, Singapore |
| Motto(s) | Beyond Horizons |
Which country has the strongest military in Asia?
In 2020, China had an estimated active military personnel strength of 2.18 million, followed by India with an estimated strength of 1.44 million soldiers.
What is the Richest Country in the world 2021?
China has beat the U.S. to become the world’s richest nation, according to a new report.
Who is the richest man in China?
Zhong Shanshan
The top spot on Hurun’s Rich List belongs to Zhong Shanshan, founder of bottled water company Nongfu Spring, who has a net worth of $60.5 billion. Zhong’s wealth skyrocketed last year when his company raised $1 billion in a Hong Kong IPO last September.
Which is the most powerful country in the world?
- United States. #1 in Power Rankings. No Change in Rank from 2020.
- China. #2 in Power Rankings. #3 out of 73 in 2020.
- Russia. #3 in Power Rankings. #2 out of 73 in 2020.
- Germany. #4 in Power Rankings.
- United Kingdom. #5 in Power Rankings.
- Japan. #6 in Power Rankings.
- France. #7 in Power Rankings.
- South Korea. #8 in Power Rankings.
What country has no debt?
Brunei is one of the countries with the lowest debt. It has a debt to GDP ratio of 2.46 percent among a population of 439,000 people, which makes it the world’s country with the lowest debt. Brunei is a very small country located in southeast Asia.
How much is Singapore debt?
In 2020, the national debt of Singapore amounted to around 453.62 billion U.S. dollars.
Singapore: National debt from 2016 to 2026 (in billion U.S. dollars)
| Characteristic | National debt in billion U.S. dollars |
|---|---|
| – | – |
Why is Singapore debt to GDP so high?
One of the key reasons that Singapore decided to raise debt was to encourage the creation of a debt market in the country. This market enabled Singapore to develop as an international finance hub and enhance the country’s attraction to international banks.
Which country has best economy 2021?
GDP (Nominal) Ranking
| Code | Country/Economy | GDP (Nominal) (billions of $) |
|---|---|---|
| 2021 | ||
| World | 94,935 | |
| USA | United States | 22,939.58 |
| CHN | China | 16,862.98 |
