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Singapore vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Singapore ranked 36th with $364.2B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Singapore ranked 126th vs 76th and 23rd vs 10th, respectively.

Gross Domestic Product & Income

StatSingaporeUnited Kingdom
GDP$364.2B$2.9T
GDP growth, 1 year3.2%1.4%
GDP growth, 5-years average3.3%2.1%
Population5.9M65.1M
GDP per capita$65k$43k
GDP per capita growth2.66%0.73%
Purchasing Power Parity conversion factor0.860.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.640.93
GDP per capita, PPP adjusted$100k$46k
GNI, Atlas method$331.4B$2.8T
GNI per capita$59k$42k
GNI, PPP adjusted$533.8B$3T
GNI per capita, PPP adjusted$95k$45k

Financial system and Human development

StatSingaporeUnited Kingdom
Income Tax Rate22%45%
Corporate Tax Rate17%20%
Inflation, consumer prices0.4%2.5%
Inflation, GDP deflator1.9%1.9%
Unemployment3.8%4%
Economic Freedom Index89.479.3
Personal Freedom Index7.449.08
Human Freedom Index8.18.55
Property Rights Index96.892.2
Judical Effectiveness Index92.982.7
Business Freedom Index92.894.7
Fiscal Health Index8078.1
Labor Freedom Index90.973.1
Investment Freedom Index8580
Financial Freedom Index8080
Trade Freedom Index94.886.4
Monetary Freedom Index85.680.3
Government Spending Index91.149.5
Tax Burden Index90.364.7
Government Integrity Index92.489.9
Corruption Perceptions Index8580
Life expectancy at birth, years82.981.2
Suicide mortality rate, per 100,000 people9.98.9
Mortality caused by road traffic injury, per 100,000 people2.83.1
Intentional homicides, per 100,000 people0.21.2
International tourism, number of arrivals14.7M36.3M

Government debt & reserves

StatSingaporeUnited Kingdom
Central government debt, % of GDP108.3%86.9%
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 GNI36.8%5.5%
Gross savings, % of GDP45.8%13.4%
Gross capital formation, % of GDP26.6%17.3%
Total reserves including gold$292.7B$172.7B
Foreign direct investment net inflows$82B$35.1B

Exports, imports and economic structure

StatSingaporeUnited Kingdom
Exports of goods and services, % of GDP176.4%30%
Imports of goods and services, % of GDP149.8%31.8%
Current account balance (balance of payments)$65.1B-$123.1B
Revenue excluding grants, % of GDP18.8%35.3%
Grants excluding technical cooperation, BoP$1.6MN/A
Personal remittances receivedN/A$4.4B
Industry including construction value added, % of GDP25.2%17.5%
Agriculture, forestry and fishing value added, % of GDP0%0.6%
Charges for the use of intellectual property, payments BoP$15.2B$13.5B
Charges for the use of intellectual property, receipts BoP$8.7B$21.7B
Expense, % of GDP15.2%36%
Government Expenditure, % of GDP17.2%41%

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
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

United Kingdom vs

CountryGDP
per capita
Population
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
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
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M