In this section, statistics about Singapore economies will be shown and analysed. First the GDP per capita of Singapore grew from about 500 US dollars to 20,000 US dollars in 25 years. That is a very big gap.
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The GDP of Singapore from 1960s to 2014
http://sbr.com.sg/sites/default/files/news/March26Chart.PNG |
The graph above the GDP of Singapore in the past 50 years, and as you can see it increases gradually since then. The slope tends to rise in the mid 1970s when companies are starting to take interest in Singapore's labor force and demands. The trend is still rising every year, until now the estimations for next years economic growth is still rising.
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Employment chart from 2006 to 2014
http://www.tradingeconomics.com/singapore/employed-persons |
As you can see above, the employment chart also increases every year. Singapore's economic development is already high enough and is still growing due to the environment and the new policies that are being made.
70 Percent of the employment in Singapore is part of services (transportation, sales, human interaction, etc), 14 percent goes to manufacturing (food, chemicals, medicines, etc) and 13 percent in construction. The job placement in Singapore is logical because of the limited resources Singapore have, so they head to services where resources are not important to use.
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