Description
A Short presentation on Economy Of Singapore.
By Gaurav Bairwa PGDM Ist Sem (2012-14) FMS-IRM Jodhpur
Origin and History
The island rose during the 14th century under the rule of Srivijayan Prince Parmeswara. ? An important port until it was destroyed by the Portuguese raiders in 1613. ? In 1819 English man Sir Thomas Stamford Raffels established a British port on the island as it was the center for both India and China.
?
Singapore some facts
Island Nation-with a total area of 704 square kilometers. ? Trading/Trans Shipment Hub-The second largest and most busiest container port in the World. ? Became independent Nation in 1959 from British rule. ? In 1961 Economic Development Board was established.
?
Singapore some facts
? ? ?
?
? ?
Population-5.08 Million (1.3 M nonSingaporians) No/Low Natural Disaster. No Natural Resources. World’s easiest place to do business (world Bank). Best Labour Force (BERI). In 2010 Singapore was the 3rd fastest growing Economy in the world with the GDP growth rate of 14.471%
Singapore some facts
98% Literacy and English is the first language. ? 7000 Multinationals and 4000 Asian Enterprises. ? Singapore is the only Asian Country to have AAA Credit ratings by all three major Credit rating agencies. ? Singapore is one of the lowest population growth rates in the world with 0.817%.
?
Structure of the Singapore Economy
Structure of the Economy By Sector
Business Services (14%)
Financial Services (12%)
Transport & Comm. (11%)
Commerce (18%) Others (17%)
Manufacturing (22%)
Construction (6%)
Key Services Sectors = 67%
Manufacturing Output
Petroleum Products (4%) Transport Equipment (9%) Fabricated Metal Products (5%) Others (21%) Electronics (38%) Machinery & Equipment (6%)
Chemicals (17%)
Structure of the Economy: Exports by Country
ASEAN-3 18% Others 15%
North America 23%
NIE-3 15%
Japan 10%
EU 18%
Gross Domestic Product
GDP – 239.70 USD Billion ? GDP Growth Rate – 4.9% ? GDP Per Capita – 33529.83 USD ? GDP Annual Growth Rate – 1.30%
?
Monetary Policy
Monetary Policy is based on the Exchange Rate from early 1980’s. ? Three main features of exchange rate in Singapore(1) SD is managed against the basket of currencies of their major trading partners (2) MAS operates a managed float regime for the Singapore dollar with the trade-weighted exchange rate allowed to fluctuate within a policy band (3) The exchange rate policy band is periodically reviewed to ensure that it remains consistent with the underlying fundamentals of the economy (4) Foreign Exchange Reserves - 309134.80 USD M
?
Fiscal Policy
Government Budget – 0.70% of GDP ? Government Debt to GDP – 100.80% ? Government Spending – 7256.50 USD Million ? Import Prices – 97.29 Index Points ? Export Prices – 91.33 Index Points ? Core Inflation Rate – 0.20%
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Trade
Imports - 39147160.00 Thousand USD ? Exports - 44013372.00 Thousand USD ? Balance Of Trade - 3522.56 SGD
?
Recent Economic Development In Singapore
Macroeconomic Policy Mix
Easier Monetary Conditions Expansionary Fiscal Policy
off-budget packages
multiplier effect
1.3% point boost to economy
Macroeconomic Policy Mix
MAS has traditionally adopted a Strong Singapore Dollar policy The result is ? a) Stable Singapore Dollar ? b) Low Inflation ? c) Low Interest Rate ? d) Confidence in Singapore’s Investors.
?
By- Gaurav Bairwa IRM Jodhpur
doc_718432230.pptx
A Short presentation on Economy Of Singapore.
By Gaurav Bairwa PGDM Ist Sem (2012-14) FMS-IRM Jodhpur
Origin and History
The island rose during the 14th century under the rule of Srivijayan Prince Parmeswara. ? An important port until it was destroyed by the Portuguese raiders in 1613. ? In 1819 English man Sir Thomas Stamford Raffels established a British port on the island as it was the center for both India and China.
?
Singapore some facts
Island Nation-with a total area of 704 square kilometers. ? Trading/Trans Shipment Hub-The second largest and most busiest container port in the World. ? Became independent Nation in 1959 from British rule. ? In 1961 Economic Development Board was established.
?
Singapore some facts
? ? ?
?
? ?
Population-5.08 Million (1.3 M nonSingaporians) No/Low Natural Disaster. No Natural Resources. World’s easiest place to do business (world Bank). Best Labour Force (BERI). In 2010 Singapore was the 3rd fastest growing Economy in the world with the GDP growth rate of 14.471%
Singapore some facts
98% Literacy and English is the first language. ? 7000 Multinationals and 4000 Asian Enterprises. ? Singapore is the only Asian Country to have AAA Credit ratings by all three major Credit rating agencies. ? Singapore is one of the lowest population growth rates in the world with 0.817%.
?
Structure of the Singapore Economy
Structure of the Economy By Sector
Business Services (14%)
Financial Services (12%)
Transport & Comm. (11%)
Commerce (18%) Others (17%)
Manufacturing (22%)
Construction (6%)
Key Services Sectors = 67%
Manufacturing Output
Petroleum Products (4%) Transport Equipment (9%) Fabricated Metal Products (5%) Others (21%) Electronics (38%) Machinery & Equipment (6%)
Chemicals (17%)
Structure of the Economy: Exports by Country
ASEAN-3 18% Others 15%
North America 23%
NIE-3 15%
Japan 10%
EU 18%
Gross Domestic Product
GDP – 239.70 USD Billion ? GDP Growth Rate – 4.9% ? GDP Per Capita – 33529.83 USD ? GDP Annual Growth Rate – 1.30%
?
Monetary Policy
Monetary Policy is based on the Exchange Rate from early 1980’s. ? Three main features of exchange rate in Singapore(1) SD is managed against the basket of currencies of their major trading partners (2) MAS operates a managed float regime for the Singapore dollar with the trade-weighted exchange rate allowed to fluctuate within a policy band (3) The exchange rate policy band is periodically reviewed to ensure that it remains consistent with the underlying fundamentals of the economy (4) Foreign Exchange Reserves - 309134.80 USD M
?
Fiscal Policy
Government Budget – 0.70% of GDP ? Government Debt to GDP – 100.80% ? Government Spending – 7256.50 USD Million ? Import Prices – 97.29 Index Points ? Export Prices – 91.33 Index Points ? Core Inflation Rate – 0.20%
?
Trade
Imports - 39147160.00 Thousand USD ? Exports - 44013372.00 Thousand USD ? Balance Of Trade - 3522.56 SGD
?
Recent Economic Development In Singapore
Macroeconomic Policy Mix
Easier Monetary Conditions Expansionary Fiscal Policy
off-budget packages
multiplier effect
1.3% point boost to economy
Macroeconomic Policy Mix
MAS has traditionally adopted a Strong Singapore Dollar policy The result is ? a) Stable Singapore Dollar ? b) Low Inflation ? c) Low Interest Rate ? d) Confidence in Singapore’s Investors.
?
By- Gaurav Bairwa IRM Jodhpur
doc_718432230.pptx