Singapore is one of the most developed and stable economies in the region. With a population of only about 5.9 million and nominal GDP reaching USD 501.4 billion, Singapore’s GDP per capita amounted to USD 90,674 in 2024, placing it among the highest in the world.

Singapore's macroeconomic indicators have also been effectively managed and kept stable. During the 2014-2024 period, Singapore's average inflation rate was only about 1.5% per year and its unemployment rate about 3.8% per year (World Bank data).

A stable macroeconomic foundation, coupled with high per capita income and a large middle-class share, makes Singapore a strong consumer market for goods with solid purchasing power and limited volatility.

Source: Center for WTO and International Trade - VCCI

• Singapore’s import and export activities
• Consumer characteristics in Singapore
• Characteristics of Singapore's distribution system
• Vietnam's export situation to Singapore