Market Prices S$ 447,284 Mil/media/Files/... · Download For more information, please refer to the...

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Real GDP Growth in 2017 3.6 % GDP estimates are compiled by the output, expenditure and income approaches. The output approach is the main approach used to compile GDP in Singapore. Find out about Industry Breakdown for Output-Based GDP here. Close to 70% of nominal value added was generated by the services industries, G o o d P r o d u c i n g I n d u s t r i e s S e r v i c e s P r o d u c i n g I n d u s t r i e s Manufacturing 19.2% Construction 4.3% Utilities 1.3% Wholesale & Retail Trade 17.6% Transportation & Storage 7.2% Accomodation & Food Services 2.1% Information & Communications 4.2% Finance & Insurance 13.3% Business Services 14.8% Other Services Industries 12.0% Ownership of Dwellings 3.9% Nominal GDP 2017 S$ 447,284 Mil GDP 2017 at Current Market Prices SINGAPORE ECONOMY while about 25% was generated by the goods producing industries.

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Page 1: Market Prices S$ 447,284 Mil/media/Files/... · Download For more information, please refer to the Themes Page 2,712 Restaurants 477 Fast Food Outlets 16.4 Mil International Visitor

Real GDP Growth in 2017 3.6 %

GDP estimates are compiled by the output, expenditure and income approaches. The output approach is the main approach used to compile GDP in Singapore.

Find out about Industry Breakdown for Output-Based GDP here.

Close to 70% of nominal value added was generated by the services industries,

Good Producing Industries

Services Produc ing Industries

Manufacturing19.2%

Construction4.3%

Utilities1.3%

Wholesale & Retail Trade17.6%

Transportation& Storage

7.2%

Accomodation &Food Services

2.1%

Information & Communications

4.2%

Finance & Insurance

13.3%

BusinessServices

14.8%

Other ServicesIndustries

12.0%

Ownership ofDwellings

3.9%

Nominal GDP

2017

S$ 447,284 MilGDP 2017 at Current

Market Prices

SINGAPORE ECONOMY

while about 25% was generatedby the goods producing industries.

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1. Enterprises comprise

2. SMEs (i.e. Small & Medium Enterprises) are defined as enterprises with operating receipts not more than $100 Mil or employment not more than 200 workers for all sectors.

3. Majority Local-owned enterprises refer to enterprises with at least 50% local equity.

4. Employment of enterprises refers to total employment excluding foreign domestic workers.

5. Value-added of enterprises refers to Gross Value Added (GVA) less ownership of dwellings.

TOTALS$402.7 Bil

TOTAL3.4 Mil

TOTAL220,100

NOMINAL VALUE ADEDEMPLOYMENTENTERPRISE COUNT

Non-SMEs

1%

SMEs

99%

EnterpriseSize

ForeignEnterprises

15%

LocalEnterprises

85%

EnterpriseOwnership

Non-SMEs

35%

SMEs

65%

EnterpriseSize

ForeignEnterprises

32%

LocalEnterprises

68%

EnterpriseOwnership

Non-SMEs

51%

SMEs

49%

EnterpriseSize

ForeignEnterprises

57%

LocalEnterprises

43%

EnterpriseOwnership

Number, Employment and Value Addedof Enterprises in 2017

NETHERLANDS

CAYMANISLANDS

BRITISH VIRGINISLANDS

JAPAN

UNITED STATES

Stock of Foreign Direct Investment inSingapore in 2016

AUSTRALIA

INDONESIA

HONG KONG

LUXEMBOURG

CHINA

Stock of Singapore’s Direct InvestmentAbroad in 2016 Total

S$783.5 Bil

TotalS$1,359.5 Bil

S$123.9 Bil

S$65.2 Bil

S$53.7 Bil

S$52.9 Bil

S$45.3 Bil

S$279.6 Bil

S$118.7 Bil

S$106.5

Bil

S$102.1

Bil

S$94.0 Bil

business entities, non-profit organisations, ministries and statutory boards.

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2,712 Restaurants

477Fast Food Outlets

16.4 Mil International Visitor Arrivals

S$24.6 Bil Tourism Receipts

8.4 Mil Mobile Phone Subscription

3.1 Mil MRT Weekday Passengers

124Banks Operating

in Singapore

7.8 Mil Main Credit Cards

1.4 Mil Supplementary Credit Cards

2.3 MilRes ident La bour

Force

Res ident LFPR68.0%

Avera ge Week lyHours Work ed

45.5 HrsUS$1 S$1.34

€1 S$1.60

£1 S$1.80

¥100 S$1.19

LFPR = Labour Force Participation Rate

Do You Know? In 2016…

AUSTRALIA

S$22.1 Bil4 AUSTRALIA

S$21.3 Bil5

HONG KONG S$16.9 Bil5

CHINA

S$24.0 Bil3

UNITED STATES S$67.1 Bil2

EU 28 S$75.0 Bil1Total Services Trade

S$463.3 Bil

S$227.4 Bil

S$235.9 Bil

S$ Top 6 Trading Partners for Services Trade in 2016

TOP 6 TRADING PARTNERS

S$137.1 Bil S$108.2 Bil S$98.4 Bil S$79.9 Bil S$69.6 Bil S$60.4 Bil

CHINA MALAYSIA EU 28 UNITED STATES TAIWANHONG KONG

Total MerchandiseTrade in 2017

Tota l Im portsS$452.1 Bil

Tota l E xportsS$515.0 Bil

S$967.1 Bil

JAPAN

- 2017

- 2017

2017

Total Services Imports

Total Services Exports

https://www.singstat.gov.sg/�nd-data/search-by-theme

Refers to 2017 Data