Singapore's Economic Miracle

What was Singapore's GDP per capita in the 1960s?

• Less than $320

• Around $60,000

• More than $13,500

• Around $320

What has been a key factor in Singapore's economic success?

• Isolationism

• Protectionism

• Globalization

• Communism

What is the current inflation rate in Singapore?

• 3.8%

• 4.2%

• 6.8%

• 2.7%

Which sector showed positive growth in Singapore's economy?

• Manufacturing

• Construction

• Service

• Mining

What is the unemployment rate in Singapore?

• 1.9%

• 2.7%

• 2.8%

• 3.0%

What are the major imports of Singapore?

• Machinery and transport equipment

• Crude petroleum

• Electrical machinery apparatus

• Petroleum products

What are the major exports of Singapore?

• Machinery and transport equipment

• Crude petroleum

• Electrical machinery apparatus

• Petroleum products

What was the total trade in goods and services between the UK and Singapore?

• £21.1 billion

• £7.1 billion

• £13.5 billion

• £847 million

What is the Gini coefficient in Singapore?

• 0.378

• 0.5

• 0.2

• 0.9

What is the main concern for Singapore due to its ageing population?

• Rising cost of healthcare

• Decreasing GDP

• Increasing unemployment

• Fiscal deficit