Starting Business in Singapore
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Singapore
Mohd Alif Bin Jasni
Aliya Mudmarn
Puspa Setia Pratiwi
,
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Population : 3,771,700 (July 2010 est.)
Religions :Buddhist 42.5%, Muslim 14.9%, Taoist 8.5%
Languages :Mandarin (official) 35%, English (official)
23%, Malay
Literacy: :male: 96.6% & female: 88.6% (2000 census)
Population :0.863% (2010 est.)
Birth rate : 8.65 births/1,000 population (2010 est.)
Death rate :4.8 deaths/1,000 population (July 2010 est.) Life expectancy :male: 79.45 years & female: 84.87 years (2010 at
birth est.)
Demographic
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Population Rate
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Population Age Pyramid
Age structure0-14 years: 14.4% (male 348,382/female 324,050) 15-64 years: 76.7% (male 1,737,972/female 1,833,415) 65 years and over: 8.9% (male 184,393/female 229,330) (2010 est.)
Median agetotal: 39.6 years male: 39.1 years female: 40 years (2010 est.)
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Hong Kong Malaysia US Indonesia China Japan
Partner Export
Export goods: Machinery and equipment (including electronics), consumer goods, pharmaceuticals and other chemicals, mineral fuels
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Import goods: Machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods
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GDP AT 2005 MARKET PRICES ( Percentage Change Over Corresponding
Period Of Previous Year)
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Share of GDP by Industry
•Expanded by 15.7 % (2010) by expansion in manufacturing sector
•The service sector expanded about 10% (largely supported by financial service sector)
•Construction sector decline
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Inflation Rate
Forecast to increase to 2.7% in 2011 (Quite Low Inflation Rate)
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Employment Rate (June 2009)
Labour Force ('000) 3,030.00
Employed persons ('000) 2,905.90
Unemployment rate* (%) 2.2 %
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Active Rate
Total Active Labour 65.4 %
Males 76.3 % (2,311,890)
Females 55.2 % (1,672,560)
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Exchange Rate
Year
S$/US$ S$/US$
Average for period End of period
2005 1.6646 1.6642
2006 1.5889 1.5336
2007 1.5071 1.4412
2008 1.4148 1.4392
2009 1.4545 1.4034
Source: Monetary Authority of Singapore
Last updated: 25 Jan 2010 Extracted from
www.singstat.gov.sg
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Balance of Payment (Million $)
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CPI
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Trade Openness
Free Trade Agreements India-Singapore Comprehensive Economic
Cooperation Agreement Korea-Singapore Free Trade Agreement
(KSFTA) Singapore-Australia Free Trade Agreement United States-Singapore Free Trade
Agreement Trans-Pacific Strategic Economic Partnership
Agreement (with Brunei Darussalam, the Republic of Chile and New Zealand)
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Singapore: 2011 Outlook
Real GDP (% change y/y)
CPI (% change y/y)
2009 2010 2011
-1.3 15.5 6.0
2009 2010 2011
0.6 2.7 2.8
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Singapore Forecast 2011
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Singapore GDP ranking
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Our Group Policy Memo : Foreign Direct Investment (FDI)
in Singapore
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Singapore ranks the Second most Free economy in the world in 2010 (Wall Street Journal)
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Starting a Business in Singapore
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More Discussion on…
The Impact of FDI to the economic growth in Singapore
Thank You
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Resource
http://www.singstat.gov.sg http://www.economywatch.com/economic-
policy/singapore.html http://www.aseansec.org/12389.htm http://www.asiaone.com/Business/News/
Story/A1Story20101208-251585.html http://www.mas.gov.sg/