GDP; PPP (US dollar) in Singapore

The GDP; PPP (US dollar) in Singapore was last reported at 294122932756.84 in 2010, according to a World Bank report released in 2011. The GDP; PPP (US dollar) in Singapore was 254875284446.63 in 2009, according to a World Bank report, published in 2010. The GDP; PPP (US dollar) in Singapore was reported at 252253903021.65 in 2008, according to the World Bank. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.This page includes a historical data chart, news and forecasts for GDP; PPP (US dollar) in Singapore. Singapore along with Hong Kong, South Korea and Taiwan is one of the Four Asian Tigers. Singapore has a highly developed and successful free-market economy. It enjoys a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing service sector.

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