Country report Singapore

カントリーレポート

  • シンガポール
  • 農業,
  • 自動車・輸送,

02 2 2015

After 3.1% growth in 2014, Singapore’s economic growth is expected to accelerate to 3.4% in 2015, driven by investment; among other things, in its infrastructure.

 

 

CR_Singapore_February_2015_overview
CR_Singapore_industries_performance_forecast

 

 

Political situation

Head of state: President Tony Tan Keng Yam (since September 2011)

Head of government: Prime Minister Lee Hsien Loong (since August 2004)

Stable situation

The People’s Action Party (PAP) has been in power since Singapore’s independence in 1965. The PAP is business friendly but, compared to Western standards, personal freedoms are limited. The opposition is weak and fragmented and has very few opportunities to present itself in public.

Singapore’s population consists of ethnic Chinese (77%), Malays (14%), Hindu Tamil Indians (8%) and 1% of other nationalities. Income distribution is relatively equal and, in contrast to neighbouring Malaysia, racial tensions are negligible. The biggest potential threat to security is the possibility of terrorist attacks by Muslim extremists, either indigenous or from abroad.

 

Economic situation

 

 

 

CR_Singapore_real_GDP_growth

 

 

Strong fundamentals remain

Singapore’s income per capita and level of development meet OECD standards. This city state is the main transport and financial service hub for Southeast Asia, but its economy is somewhat vulnerable because of its high reliance on demand from its trading partners and the focus on certain specific sectors such as electronics and pharmaceuticals. Nevertheless for a small state the economy is relatively well diversified. Singapore’s banking sector is healthy and adequately supervised.

The city state´s long-term growth strategy is to move away from being just a trade, transport and financial hub to become a centre of high tech industry. This strategy is starting to bear fruit in the bio-medical sector.

 

 

 

 

CR_Singapore_industrial_production

 

 

After 3.1% growth in 2014, Singapore’s economic growth is expected to accelerate to 3.4% in 2015, driven by investment: among other things, in its infrastructure. The city state continues to be one of the strongest countries in the world in terms of sovereign risk and macroeconomic fundamentals.

Therefore, and due to the ample foreign exchange reserves and adequate monetary management of the Singapore Monetary Authority, the exchange rate is unlikely to be affected by changing patterns of international investment.

免責条項

本ウェブサイトの記載事項は、一般的な情報提供のみを目的とし、何らの目的においてもこれに依拠すべきではありません。規定条件については、実際の保険契約または該当の製品・サービス契約をご覧ください。本ウェブサイトの記載事項は、買主についてのまたは利用者の代理人としてのデューデリジェンスの実施義務を含め、アトラディウス側に何らの権利、義務または責任を生じさせるものではありません。アトラディウスが買主についてデューデリジェンスを実施する場合は、当社の保険引受をその目的とし、被保険者その他の利益を目的とするものではありません。さらに、アトラディウスおよびその関連会社、系列会社、子会社は、本ウェブサイトの掲載情報の利用によって生じた直接的、間接的、特異的、付随的、結果的損害について一切の責任を負いません。