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Singapore vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Singapore ranked 36th with $364.2B. By GDP 5-years average growth and GDP per capita, South Africa and Singapore ranked 151st vs 76th and 95th vs 10th, respectively.

Gross Domestic Product & Income

StatSingaporeSouth Africa
GDP$364.2B$368.3B
GDP growth, 1 year3.2%0.8%
GDP growth, 5-years average3.3%1.1%
Population5.9M57.7M
GDP per capita$65k$6.4k
GDP per capita growth2.66%-0.57%
Purchasing Power Parity conversion factor0.866.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.640.47
GDP per capita, PPP adjusted$100k$14k
GNI, Atlas method$331.4B$332.3B
GNI per capita$59k$5.8k
GNI, PPP adjusted$533.8B$765.8B
GNI per capita, PPP adjusted$95k$13k

Financial system and Human development

StatSingaporeSouth Africa
Income Tax Rate22%45%
Corporate Tax Rate17%28%
Inflation, consumer prices0.4%4.6%
Inflation, GDP deflator1.9%3.9%
Unemployment3.8%27%
Economic Freedom Index89.458.8
Personal Freedom Index7.446.92
Human Freedom Index8.16.78
Property Rights Index96.858.4
Judical Effectiveness Index92.938
Business Freedom Index92.862
Fiscal Health Index8064
Labor Freedom Index90.958.8
Investment Freedom Index8545
Financial Freedom Index8050
Trade Freedom Index94.875.8
Monetary Freedom Index85.675.9
Government Spending Index91.167.4
Tax Burden Index90.363.7
Government Integrity Index92.446.6
Corruption Perceptions Index8543
Life expectancy at birth, years82.963.5
Suicide mortality rate, per 100,000 people9.911.6
Mortality caused by road traffic injury, per 100,000 people2.825.9
Intentional homicides, per 100,000 people0.235.9
International tourism, number of arrivals14.7M10.5M

Government debt & reserves

StatSingaporeSouth Africa
Central government debt, % of GDP108.3%56.7%
External debt stocks, % of GNIN/A50.6%
External debt stocksN/A$179.3B
Short-term debt, % of total reservesN/A70.9%
Total debt service, % of exports and primary incomeN/A19.9%
Adjusted net savings including particulate emission damage, % of GNI36.8%0.6%
Gross savings, % of GDP45.8%14.9%
Gross capital formation, % of GDP26.6%17.9%
Total reserves including gold$292.7B$51.6B
Foreign direct investment net inflows$82B$5.5B

Exports, imports and economic structure

StatSingaporeSouth Africa
Exports of goods and services, % of GDP176.4%29.9%
Imports of goods and services, % of GDP149.8%29.6%
Current account balance (balance of payments)$65.1B-$13.4B
Revenue excluding grants, % of GDP18.8%30.9%
Grants excluding technical cooperation, BoP$1.6M$817.9M
Personal remittances receivedN/A$929M
Industry including construction value added, % of GDP25.2%25.9%
Agriculture, forestry and fishing value added, % of GDP0%2.2%
Charges for the use of intellectual property, payments BoP$15.2B$1.8B
Charges for the use of intellectual property, receipts BoP$8.7B$120.7M
Expense, % of GDP15.2%34.4%
Government Expenditure, % of GDP17.2%33%

Compare with countries close by GDP per capita

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

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
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