Singapore is among the largest exporters in the world. Comparison: In 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. The country had a GDP of $296B and GDP per capita of $87.9k in 2016.The ECI is more of a predictive tool rather than a descriptive tool. Singapore’s economic complexity index is 2.25. It ranks fourth among countries with the …
The total value of its exports in 2016 was $302 billion. The country exported goods worth $483 billion in 2016. The basis of the computation of economic complexity is economic diversity and economic ubiquity. On the contrary, economic ubiquity determines which other countries produce the goods and services produced by another nation.Japan ranks top among all countries by economic complexity. Switzerland’s top exports include gold, human or animal blood, jewelry, and base metal watches among other products. The nation of Switzerland ranks 15 among the top world exporters.Singapore’s economic complexity index is 2.25. Then our problem of measuring economic complexity resembles interpreting how many different letters there are in each country’s portfolio. During the last 23 years the exports of Philippines to Singapore have increased at an annualized rate of 9.01%, from $1.09B in 1995 to $7.92B in 2018. It is often used to predict the economic growth of a nation in terms of GDP per capita. Japan is among the world’s largest exporters having recorded exports worth $605 billion in 2016. They possess world-class business in industries such as automobiles, pharmaceutical products, financials, and consumer goods among others. The top services exported by Singapore in 2018 were Miscellaneous business, professional, and technical services ($46.4B), Sea transport ($41.4B), Financial services ($20.7B), Travel ($20.4B), and Air transport ($9.53B).The top services imported by Singapore in 2018 were Sea transport ($41.5B), Miscellaneous business, professional, and technical services ($39.1B), Travel ($25.3B), Air transport ($11.8B), and Merchanting and other trade-related services ($11.2B).This section shows forecasts for total product exports and imports for Singapore. In 2016, the GDP of Switzerland stood at $659B while the GDP per capita was $62.9k. To achieve this goal, the ECI defines the knowledge available in a location, as the average knowledge of the activities present in it, and the knowledge of an activity as the average knowle… The exports dealt in by Singapore are refined petroleum, semiconductor devices, computers, and integrated circuits. Relatedness is a predictive of the probability that a country increases its exports in a product. Some letters, like A and E, go in many words, whereas other letters, like X and Q, are used in very few. Relatedness measures the distance between a product, and all of the products it is currently specialized in.The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). In addition, it also explains the international variations in the income inequality.All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com The Economic Complexity Index (ECI) is a holisticmeasure of the productive capabilities of large economic systems, usually cities, regions, or countries. It is the 7th largest exporting country in the world. Its top export destination was Germany. Its economic complexity index is 2.61 which results from its diversified production of goods and services. In particular, the ECI looks to explain the knowledge accumulated in a population and that is expressed in the economic activities present in a city, country, or region. Comparison: In 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). Overview: In 2018 Singapore was the number 33 economy in the world in terms of GDP (current US$), the number 17 in total exports, the number 16 in total imports, and the number 6 most complex economy according to the Economic Complexity Index (ECI).
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