particularly in
electronics and chemicals, and services are the main drivers of the
economy. Mainly because of robust exports, especially electronic
goods, the economy grew 10.1% in 2000. Forecasters, however, are
projecting only 4%-6% growth in 2001 largely because of weaker
global demand, especially in the US. The government promotes high
levels of savings and investment through a mandatory savings scheme
and spends heavily in education and technology. It also owns
government-linked companies (GLCs) - particularly in manufacturing -
that operate as commercial entities. As Singapore looks to a future
increasingly marked by globalization, the country is positioning
itself as the region's financial and high-tech hub.

GDP: purchasing power parity - $109.8 billion (2000 est.)

GDP - real growth rate: 10.1% (2000 est.)

GDP - per capita: purchasing power parity - $26,500 (2000 est.)

GDP - composition by sector: agriculture: NEGL%

industry: 30%

services: 70%

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%

highest 10%: NA%

Inflation rate (consumer prices): 1.4% (2000)

Labor force: 2.1 million (2000)

Labor force - by occupation: financial, business, and other services
35%, manufacturing 21%, construction 13%, transportation and
communication 9%

Unemployment rate: 3% (2000 est.)

Budget: revenues: $18.1 billion

expenditures: $17.1 billion, including capital expenditures of $9.5
billion (FY99/00 est.)

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

Industrial production growth rate: 14% (2000 est.)

Electricity - production: 27.381 billion kWh (1999)

Electricity - production by source: fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 25.464 billion kWh (1999)

Electricity - exports: 0 kWh (1999)

Electricity - imports: 0 kWh (1999)

Agriculture - products: rubber, copra, fruit, orchids, vegetables;
poultry, eggs, fish, ornamental fish

Exports: $137 billion (f.o.b., 2000)

Exports - commodities: machinery and equipment (including
electronics), chemicals, mineral fuels

Exports - partners: US 19%, Malaysia 17%, Hong Kong 8%, Japan 7%,
Taiwan 5%, Thailand 4%, UK 4%, Netherlands 3.8%, China 3%, South
Korea 3%,