Names: conventional long form: Republic of Singapore conventional short form: Singapore local long form: Republic of Singapore local short form: Singapore
Capital City: Singapore
Population: 4,492,150 (July 2006 est.)
GDP Per Capita: $30,900 (2006 est.)
Currency: Singapore dollar (SGD)
Languages: Mandarin 35%, English 23%, Malay 14.1%, Hokkien 11.4%, Cantonese 5.7%, Teochew 4.9%, Tamil 3.2%, other Chinese dialects 1.8%, other 0.9% (2000 census)
Total Area: total: 692.7 sq km land: 682.7 sq km water: 10 sq km slightly more than 3.5 times the size of Washington, DC
Region: Asia
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
Agriculture: rubber, copra, fruit, orchids, vegetables; poultry, eggs; fish, ornamental fish
Resources: fish, deepwater ports
Labor Force:
2.4 million (2006 est.)
manufacturing 18%, construction 18%, transportation and communication 11%, financial, business, and other services 6%, other 26% (2003)
Exports:
$283.6 billion f.o.b. (2006 est.)
machinery and equipment (including electronics), consumer goods, chemicals, mineral fuels
Imports:
$246.1 billion (2006 est.)
machinery and equipment, mineral fuels, chemicals, foodstuffs
Overview:
Singapore, a highly-developed and successful free-market economy, enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP equal to that of the four largest West European countries. The economy depends heavily on exports, particularly in consumer electronics and information technology products. It was hard hit in 2001-03 by the global recession, by the slump in the technology sector, and by an outbreak of Severe Acute Respiratory Syndrome (SARS) in 2003, which curbed tourism and consumer spending. Fiscal stimulus, low interest rates, a surge in exports, and internal flexibility led to vigorous growth in 2004-06, with real GDP growth averaging 7% annually. The government hopes to establish a new growth path that will be less vulnerable to the global demand cycle for information technology products - it has attracted major investments in pharmaceuticals and medical technology production - and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.
In 2007 Missouri exported $124,689 in goods to Singapore. This ranks Singapore 16th among the 223 international buyers of Missouri goods. Missouri exports to Singapore increased from the previous year by $32,217,596 a change of 34.84%. State exports to Singapore have increased over the last 5 years by $39,859,829 a change of 59.43%. Missouri exports account for .93%. of all 2007 US exports to Singapore.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 84,829,376 | 121,672,543 | 112,146,471 | 97,911,089 | 92,471,609 | 124,689,205 | |
| 000 - Total All Industries US | 16,221,168,920 | 16,575,698,496 | 19,600,856,697 | 20,646,369,065 | 24,683,168,907 | 26,284,495,929 | |