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Cyprus vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Cyprus ranked 109th with $25B. By GDP 5-years average growth and GDP per capita, Singapore and Cyprus ranked 76th vs 99th and 10th vs 36th, respectively.

Gross Domestic Product & Income

StatCyprusSingapore
GDP$25B$364.2B
GDP growth, 1 year3.9%3.2%
GDP growth, 5-years average2.8%3.3%
Population1.1M5.9M
GDP per capita$28k$65k
GDP per capita growth2.75%2.66%
Purchasing Power Parity conversion factor0.630.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.740.64
GDP per capita, PPP adjusted$40k$100k
GNI, Atlas method$24.9B$331.4B
GNI per capita$26k$59k
GNI, PPP adjusted$34.7B$533.8B
GNI per capita, PPP adjusted$35k$95k

Financial system and Human development

StatCyprusSingapore
Income Tax Rate35%22%
Corporate Tax Rate12.5%17%
Inflation, consumer prices0.8%0.4%
Inflation, GDP deflator1.4%1.9%
Unemployment8.1%3.8%
Economic Freedom Index70.189.4
Personal Freedom Index8.967.44
Human Freedom Index8.398.1
Property Rights Index77.496.8
Judical Effectiveness Index50.592.9
Business Freedom Index76.692.8
Fiscal Health Index8080
Labor Freedom Index59.790.9
Investment Freedom Index7585
Financial Freedom Index6080
Trade Freedom Index86.494.8
Monetary Freedom Index84.385.6
Government Spending Index58.691.1
Tax Burden Index74.890.3
Government Integrity Index57.692.4
Corruption Perceptions Index5985
Life expectancy at birth, years80.782.9
Suicide mortality rate, per 100,000 people5.39.9
Mortality caused by road traffic injury, per 100,000 people5.12.8
Intentional homicides, per 100,000 people0.60.2
International tourism, number of arrivals3.9M14.7M

Government debt & reserves

StatCyprusSingapore
Central government debt, % of GDP102.5%108.3%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI3.2%36.8%
Gross savings, % of GDP21.8%45.8%
Gross capital formation, % of GDP19.1%26.6%
Total reserves including gold$924.2M$292.7B
Foreign direct investment net inflows$5.2B$82B

Exports, imports and economic structure

StatCyprusSingapore
Exports of goods and services, % of GDP73.1%176.4%
Imports of goods and services, % of GDP72.3%149.8%
Current account balance (balance of payments)-$1.1B$65.1B
Revenue excluding grants, % of GDP37.4%18.8%
Grants excluding technical cooperation, BoP$34.2M$1.6M
Personal remittances received$497.8MN/A
Industry including construction value added, % of GDP12.2%25.2%
Agriculture, forestry and fishing value added, % of GDP2%0%
Charges for the use of intellectual property, payments BoP$127.2M$15.2B
Charges for the use of intellectual property, receipts BoP$174k$8.7B
Expense, % of GDP35.4%15.2%
Government Expenditure, % of GDP37.1%17.2%

Compare with countries close by GDP per capita

Cyprus vs

CountryGDP
per capita
Population
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Spain
$30k
46.5M
Malta
$30k
423k
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M
Barbados
$18k
285k
Latvia
$18k
1.95M

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k