Income Per Capita Singapore

Data learn how the world bank group is helping countries with covid 19 coronavirus.

Income per capita singapore. Singapore is a high income economy with a gross national income of us 54 530 per capita as of 2017. The country provides one of the world s most business friendly regulatory environment for local entrepreneurs and is ranked among the world s most competitive economies. Singapore gdp per capita for 2018 was 66 189 a 8 66 increase from 2017. Singapore s gdp contracted by 7 0 per cent in the third quarter of 2020 pdf 142kb 11 august 2020.

Singapore has become the only asian country to achieve a higher per capita gross domestic product than the united states by every measure. The value for gdp per capita current lcu in singapore was 87 108 as of 2018. Gdp per capita ppp current international singapore from the world bank. Singapore gni per capita for 2018 was 57 900 a 6 59 increase from 2017.

Singapore gni per capita for 2017 was 54 320 a 2 45 increase from 2016. Income components of gdp at current prices annual income components of gdp at current prices. Singapore gni per capita for 2016 was 53 020 a 0 26 decline from 2015. Change in average and median monthly household income from work per household member including employer cpf contributions among resident and resident employed households 2000 2019 household income level and change by type of dwelling table 11a.

Gdp per capita is gross domestic product divided by midyear population. As the graph below shows over the past 58 years this indicator reached a maximum value of 87 108 in 2018 and a minimum value of 1 310 in 1960. Singapore gdp per capita for 2017 was 60 914 a 7 19 increase from 2016. Of household members living with applicant.

In the decades after independence singapore rapidly developed from a low income country to a high income country. The gross domestic product per capita in singapore was last recorded at 58829 60 us dollars in 2019. Gdp per capita in singapore averaged 25153 83 usd from 1960 until 2019 reaching an all time high of 59073 50 usd in 2018 and a record low of 3503 40 usd in 1960. Singapore gni per capita for 2019 was 59 590 a 2 92 increase from 2018.

To have achieved this from the starting point of a third world country and during a single lifetime is a true asian economic miracle meriting close study by every country and above all by every developing country. Download historical data save as image.