Singapore has a GDP per capita similar to the USA of $54,040.
It's overall GDP is $297.9 billion within a population of 5.399 million citizens.
It is considered a High Income non-OECD country.
It is ranked third in the world by the IMF and 4th by the World Bank.
It has agricultural commodities which include orchids, vegetables; poultry, eggs; fish and ornamental fish.
Industrial products include electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade (re-export trade and possibly duty free).
Today it primarily exports to Malaysia 12.2%, China 11.8%, Hong Kong 11.2%, Indonesia 9.9%, US 5.8%, Japan 4.3%, South Korea 4.1% (2013).
People have a life expectancy of 82 years with a poverty rate is 28 percent as of 2013. There is no major investment for children to be educated. In 2013 there were 250,000 children enrolled in primary school.
Singapore economy (click here) relies on purchasing of intermediate goods and exporting of
high-value added products. Main exports are: machinery and equipment (46
percent of the total exports), fuel (26 percent), and chemicals (13
percent). Main imports are: machinery and equipment (43 percent of the
total exports), fuel (32 percent), miscellaneous manufactures (7
percent) and chemical products (7 percent). In recent years, the biggest
trade deficits were recorded with China, Malaysia, the United States,
Taiwan, Indonesia and the United Kingdom. Singapore records trade
surpluses with Bahrain, Myanmar, Hong Kong, Brazil and India. This page
provides - Singapore Balance of Trade - actual values, historical data,
forecast, chart, statistics, economic calendar and news. Content for -
Singapore Balance of Trade - was last refreshed on Monday, May 11,
2015.I have to wonder if education among the country's children leading to improved outcomes out of poverty is a requirement in the TPP?
May 10, 2015
By Olivia Siong
SINGAPORE: Good education (click here) alone does not guarantee Singapore success, said Education Minister Heng Swee Keat.
Speaking during a ministerial visit to Bishan East on Sunday (May 10), Mr Heng stressed that the country should look forward and outwards in terms of how Singapore responds to societal challenges and international developments - for it to be successful in the future.
It was a special visit to Bishan East for the Education Minister on Sunday, which happens to be Mother's Day.
Handing out carnations to residents there, Mr Heng said he found a strong sense of cohesion and community spirit in the area. This togetherness, he noted, is the foundation of building a better society....
