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Georgia vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Singapore and Georgia ranked 76th vs 54th and 10th vs 111st, respectively.

Gross Domestic Product & Income

StatGeorgiaSingapore
GDP$17.6B$364.2B
GDP growth, 1 year4.7%3.2%
GDP growth, 5-years average4%3.3%
Population3.7M5.9M
GDP per capita$4.7k$65k
GDP per capita growth4.72%2.66%
Purchasing Power Parity conversion factor10.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.64
GDP per capita, PPP adjusted$11k$100k
GNI, Atlas method$16.6B$331.4B
GNI per capita$4.4k$59k
GNI, PPP adjusted$42.9B$533.8B
GNI per capita, PPP adjusted$12k$95k

Financial system and Human development

StatGeorgiaSingapore
Income Tax Rate20%22%
Corporate Tax Rate15%17%
Inflation, consumer prices2.6%0.4%
Inflation, GDP deflator4.4%1.9%
Unemployment14.1%3.8%
Economic Freedom Index77.189.4
Personal Freedom Index7.47.44
Human Freedom Index7.488.1
Property Rights Index68.696.8
Judical Effectiveness Index57.992.9
Business Freedom Index85.392.8
Fiscal Health Index94.480
Labor Freedom Index76.390.9
Investment Freedom Index8085
Financial Freedom Index7080
Trade Freedom Index88.694.8
Monetary Freedom Index78.385.6
Government Spending Index73.691.1
Tax Burden Index87.190.3
Government Integrity Index64.892.4
Corruption Perceptions Index5885
Life expectancy at birth, years73.482.9
Suicide mortality rate, per 100,000 people8.29.9
Mortality caused by road traffic injury, per 100,000 people15.32.8
Intentional homicides, per 100,000 people10.2
International tourism, number of arrivals4.8M14.7M

Government debt & reserves

StatGeorgiaSingapore
Central government debt, % of GDP44.5%108.3%
External debt stocks, % of GNI110.6%N/A
External debt stocks$17.1BN/A
Short-term debt, % of total reserves81.1%N/A
Total debt service, % of exports and primary income23.7%N/A
Adjusted net savings including particulate emission damage, % of GNI12.5%36.8%
Gross savings, % of GDP21%45.8%
Gross capital formation, % of GDP28.1%26.6%
Total reserves including gold$3.3B$292.7B
Foreign direct investment net inflows$1.2B$82B

Exports, imports and economic structure

StatGeorgiaSingapore
Exports of goods and services, % of GDP50.6%176.4%
Imports of goods and services, % of GDP61.2%149.8%
Current account balance (balance of payments)-$1.2B$65.1B
Revenue excluding grants, % of GDP23%18.8%
Grants excluding technical cooperation, BoP$314.1M$1.6M
Personal remittances received$2BN/A
Industry including construction value added, % of GDP19.9%25.2%
Agriculture, forestry and fishing value added, % of GDP6.8%0%
Charges for the use of intellectual property, payments BoP$27.1M$15.2B
Charges for the use of intellectual property, receipts BoP$270k$8.7B
Expense, % of GDP21.4%15.2%
Government Expenditure, % of GDP29.6%17.2%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

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