Singapore Economy

Financial services, commodities exchanges, Manufacturing, Exports, and a well-developed infrastructure have made the country most developed in the World.

The gross national income (GNI) of the economy has reached at current US $ 105.0 billion (Atlas method) in the year 2004. The GNI percapita has reached at current US $ 24,220.0 in the same year.

Among the various sectors of the economy, the service sector account for around two thirds of the value added today. Value added by services as percentage of total GDP is estimated at 65 percent in 2003. Value added by industries as percentage of total GDP is estimated at 34.9 percent in 2003.

Singapore is ranked the third most competitive economy by the World Competitiveness Yearbook 2005 and the sixth most competitive economy by the Global Competitiveness Report 2005-2006.