![]() ![]() Singapore’s largest industry by far is the manufacturing sector, which contributes 20%-25% of the country’s annual GDP. Which Singapore industries drive the economy? The Singapore economy is mainly driven by exports in electronics manufacturing and machinery, financial services, tourism, and the world’s busiest cargo seaport. Today, the Singapore economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus. In 2017, Singapore was ranked as the world’s second most open economy by the Heritage Foundation’s Index of Economic Freedom, as well as the world’s second most pro-business regime by the World Bank’s Doing Business report.ĭespite its small domestic market and a lack of natural resources, Singapore successfully weathered through the financial crises of 19. A major financial hub in the Asia Pacific region, Singapore has long earned a reputation as one of the world’s most advanced economies. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |