Compare Singapore (2008) - Singapore (2007)

Compare Singapore (2008) z Singapore (2007)

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	Singapore (2008)	Singapore (2007)

Budget	revenues: $27 billion expenditures: $21.5 billion (2007 est.)	revenues: $19.56 billion expenditures: $18.8 billion (2006 est.)
Debt - external	$25.53 billion (31 December 2007 est.)	$24.36 billion (2006 est.)
Economic aid - recipient	$0 (2007)	$NA (2004)
Economy - overview	Singapore has a highly developed and successful free-market economy. It 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 from 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 2004-07 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.	Singapore has a highly-developed and successful free-market economy. It 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 from 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.
Electricity - consumption	35.92 billion kWh (2006)	33.99 billion kWh (2005)
Electricity - exports	0 kWh (2006)	0 kWh (2005)
Electricity - imports	0 kWh (2006)	0 kWh (2005)
Electricity - production	39.44 billion kWh (2006)	35.92 billion kWh (2005)
Exchange rates	Singapore dollars per US dollar - 1.507 (2007), 1.5889 (2006), 1.6644 (2005), 1.6902 (2004), 1.7422 (2003)	Singapore dollars per US dollar - 1.5889 (2006), 1.6644 (2005), 1.6902 (2004), 1.7422 (2003), 1.7906 (2002)
Executive branch	chief of state: President S R NATHAN (since 1 September 1999) note: uses S R NATHAN but his full name and the one used in formal communications is Sellapan RAMANATHAN head of government: Prime Minister LEE Hsien Loong (since 12 August 2004); Senior Minister GOH Chok Tong (since 12 August 2004); Minister Mentor LEE Kuan Yew (since 12 August 2004); Deputy Prime Ministers Shunmugam JAYAKUMAR (since 12 August 2004) and WONG Kan Seng (since 1 September 2005) cabinet: appointed by president, responsible to parliament elections: president elected by popular vote for six-year term; appointed on 17 August 2005 (next election to be held by August 2011); following legislative elections, leader of majority party or leader of majority coalition is usually appointed prime minister by president; deputy prime ministers appointed by president election results: Sellapan Rama (S R) NATHAN appointed president in August 2005 after Presidential Elections Committee disqualified three other would-be candidates; scheduled election not held	chief of state: President S R NATHAN (since 1 September 1999) note: uses S R NATHAN but his full name and the one used in formal communications is Sellapan RAMANATHAN head of government: Prime Minister LEE Hsien Loong (since 12 August 2004); Senior Minister GOH Chok Tong (since 12 August 2004); Minister Mentor LEE Kuan Yew (since 12 August 2004); Deputy Prime Ministers Shunmugan JAYAKUMAR (since 12 August 2004) and WONG Kan Seng (since 1 September 2005) cabinet: appointed by president, responsible to parliament elections: president elected by popular vote for six-year term; appointed on 17 August 2005 - (next election to be held by August 2011); following legislative elections, leader of majority party or leader of majority coalition is usually appointed prime minister by president; deputy prime ministers appointed by president election results: Sellapan Rama (S R) NATHAN appointed president in August 2005 after Presidential Elections Committee disqualified three other would-be candidates; scheduled election not held
Exports	1.073 million bbl/day (2004)	NA bbl/day
GDP - composition by sector	agriculture: 0% industry: 33.7% services: 66.3% (2007 est.)	agriculture: 0% industry: 34.8% services: 65.2% (2006 est.)
GDP - real growth rate	7.5% (2007 est.)	7.9% (2006 est.)
Household income or consumption by percentage share	lowest 10%: 1.9% highest 10%: 32.8% (1998)	lowest 10%: NA% highest 10%: NA% (1998)
Imports	1.83 million bbl/day (2004)	NA bbl/day
Industrial production growth rate	5.6% (2007 est.)	12.6% (2006 est.)
Inflation rate (consumer prices)	4.4% (2007)	1% (2006 est.)
International organization participation	ADB, APEC, APT, ARF, ASEAN, BIS, C, CP, EAS, G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OPCW, PCA, UN, UNCTAD, UNESCO, UNMIT, UPU, WCL, WCO, WHO, WIPO, WMO, WTO	APEC, APT, ARF, AsDB, ASEAN, BIS, C, CP, EAS, G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OPCW, PCA, UN, UNCTAD, UPU, WCL, WCO, WHO, WIPO, WMO, WTO
Labor force	2.67 million (2007 est.)	2.47 million (2006 est.)
Labor force - by occupation	manufacturing 21%, construction 5%, transportation and communication 7%, financial, business, and other services 42%, other 25% (2006)	manufacturing 18%, construction 6%, transportation and communication 11%, financial, business, and other services 39%, other 26% (2003)
Legislative branch	unicameral Parliament (84 seats; members elected by popular vote to serve five-year terms); note - in addition, there are up to nine nominated members; up to three losing opposition candidates who came closest to winning seats may be appointed as "nonconstituency" members elections: last held on 6 May 2006 (next to be held by 2011) election results: percent of vote by party - PAP 66.6%, WP 16.3%, SDA 13%, SDP 4.1%; seats by party - PAP 82, WP 1, SDA 1	unicameral Parliament (84 seats; members elected by popular vote to serve five-year terms); note - in addition, there are up to nine nominated members; up to three losing opposition candidates who came closest to winning seats may be appointed as "nonconstituency" members elections: last held on 6 May 2006 (next to be held in 2011) election results: percent of vote by party - PAP 66.6%, WP 16.3%, SDA 13%, SDP 4.1%; seats by party - PAP 82, WP 1, SDA 1
Military branches	Singapore Armed Forces: Army, Navy, Republic of Singapore Air Force (includes Air Defense) (2008)	Singapore Armed Forces: Army, Navy, Republic of Singapore Air Force (includes Air Defense) (2006)
Pipelines	gas 139 km; refined products 8 km (2007)	gas 139 km; refined products 8 km (2006)
Political parties and leaders	People's Action Party or PAP [LEE Hsien Loong]; Singapore Democratic Alliance or SDA [CHIAM See Tong]; Singapore Democratic Party or SDP [CHEE Soon Juan]; Workers' Party or WP [Sylvia LIM Swee Lian] note: SDA includes Singapore Justice Party or SJP, Singapore National Malay Organization or PKMS, Singapore People's Party or SPP	People's Action Party or PAP [LEE Hsien Loong]; Singapore Democratic Alliance or SDA [CHIAM See Tong]; Singapore Democratic Party or SDP [CHEE Soon Juan]; Workers' Party or WP [Sylvia LIM Swee Lian] note: SDA includes National Solidarity Party or NSP, Singapore Justice Party or SJP, Singapore National Malay Organization or PKMS, Singapore People's Party or SPP
Telephone system	general assessment: excellent service domestic: excellent domestic facilities; launched 3G wireless service in February 2005; combined fixed-line and mobile-cellular teledensity is about 150 telephones per 100 persons international: country code - 65; numerous submarine cables provide links throughout Asia, Australia, the Middle East, Europe, and US; satellite earth stations -4; supplemented by VSAT coverage (2003)	general assessment: excellent service domestic: excellent domestic facilities; launched 3G wireless service in February 2005 international: country code - 65; 9 submarine cables provide direct connection to more than 100 countries; satellite earth stations -4; supplemented by VSAT coverage (2003)
Unemployment rate	1.7% (2007 est.)	3.1% (2006 est.)

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