Singapore economy

1. Asia Fund Managers Singapore Economy Singapore’s economy is highly developed, a free market, and ranked as one of the most open and most pro-business in the world. This stability and attractive financial climate sees Singapore benefit from an inward flow of investment from both institutions and individual investors. The city state has a population of 5.6 million. Singapore is among the top ten countries in the world for GDP per capita, at a level of $103.181, with total GDP for the country at $468 billion, in 2019. Over the past few decades Singapore’s annual percentage GDP growth has fluctuated, falling as low as a contraction of -2.2% in 1998, and climbing as high as 14.5% in 2010. In 2019, Singapore’s economy grew by 0.7%, falling from a rate of 3.1% in 2018. Due to the COVID-19 pandemic, the IMF expects the economy to shrink by 3.5 percent this year. www.asiafundmanagers.com/

2. Taiwan Economy Taiwan, officially the Republic of China, is a small but significant country located in East Asia. Its surface area is only 35,808 square kilometers, and its population is only 23.7 million, but Taiwan has nonetheless achieved economic success. Nonetheless, due to its compact nature geographically, Taiwan is among the most densely populated states worldwide. The Taiwan economy is fully developed, currently ranked seventh largest in Asia and 22nd-largest in the world by purchasing power parity. The IMF considers it to be an advanced economy, and the country has achieved this primarily by becoming a tech industry manufacturing powerhouse. Real GDP growth in Taiwan was 2.7% during 2019. Historically, this was much smaller than the approximately 13% growth that the country experienced during one quarter of 2011, at the peak its financial expansion. But as the nation’s economy receded in size during 2016, it can still be considered a solid step in the right direction. Contact : Visit: https://www.asiafundmanagers.com/ www.asiafundmanagers.com/