Singapore Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $17.6 billion (1984 est.), $7,000 per capita; 8.7% average annual real growth (1973-83), -1.7% (1985)

Agriculture: occupies a position of minor importance in the economy, self-sufficient in pork (but pig farming outlawed as of 1985), poultry, and eggs, must import much of its other food requirements; major crops—rubber, copra, fruit and vegetables

Fishing: catch 22,763 metric tons (1984), imports—97,976 metric tons (1984), exports 55,666 metric tons (1984)

Major industries: petroleum refining, electronics, oil drilling equipment, rubber processing and rubber products, processed food and beverages, ship repair, entrepot trade, financial services, biotechnology

Electric power. 3,388,000 kW capacity (1985); 9.865 billion kWh produced (1985), 3,860 kWh per capita

Exports: $24.1 billion (f.o.b., 1984); manufactured goods, petroleum, rubber electronics

Imports: $28.7 billion (c.i.f., 1984); major retained imports—capital equipment, manufactured goods, petroleum

Major trade partners: exports—US, Malaysia, Japan Hong Kong. Thailand, Australia FRG; imports—Japan, US, Malaysia, Saudi Arabia

Aid: economic commitments—Western (non-US) countries (1970-83), $562 million; US, including Ex-Im (FY7O-8O), $575 million; military—US (FY70-84), $2 million

Budget: (1984) revenues, $5.4 billion; expenditures, $3.9 billion; lending minus repayment, $0.5 billion; surplus, $1.0 billion

Monetary conversion rate: 2.13 Singapore dollars=US$l (5 February 1986)

Singapore

Fiscal year: 1 April-31 March

NOTE: The information regarding Singapore on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Singapore 1986 information contained here. All suggestions for corrections of any errors about Singapore 1986 should be addressed to the CIA or the source cited on each page.