Economic+Characteristcs

Unlike many places in the world, Singapore is a corruption free zone. There is no corruption in the Singaporean environment. Singapore has a highly developed economy. It has a GDP growth of 14.7% which is higher than most of the other more developed countries of the world.

Majority of the population of Singapore are either working in industrial jobs or service jobs. Meanwhile, 0.1% of the entire population still works in agriculture. Only 2.1% of the people are unemployed, but this number is decreasing as the years continue. With Singapore having so much access to the ocean it plays a huge part in trade for Southeast Asia. As a matter of fact, Singapore is one of the Four Dragons in international trade. In 2009, Singapore exported $268.9 billion worth of goods to Hong Kong, Malaysia, Indonesia, China, Japan, and the United States.

The average life expectancy for people living in Singapore is 81 years old. For women, the average life expectancy is 84 years old, and 79 years old for men. The current crude birth rate is nine births of every one thousand people, and the crude death rate is four deaths every one thousand people. Having such a low death rate could only mean one thing; Singapore has the resources needed to help improve a person's health. In other words, more medicine, more technology, better economy.

Another way that it is shown that Singapore has a developed economy is by examining the literacy rate and the fertility rate. The more literate a female is, the more likely she is to have less children in her lifetime because she will more than likely take on a professional job as a career. Therefore, the literacy rates will be high, and the fertility rates will be low. In Singapore, 88% of females can both read and write. The fertility rate is one child per woman. So, Singapore's economy is a highly developed economy.