The economy expanded by 1.3% in 2012, down from 5.2% in 2011 in line
with continuing challenges in the global economy. Demand slowed
dramatically for externally dependent sectors, particularly manufac...
and wholesale and retail trade (Figure 3.29.1). Manufacturing growth was
flat as electronics output dipped owing to weaker demand for non-mobile
Domestically oriented sectors—construction and business services,
in particular—were the main engines of growth in 2012, accounting for
half of GDP growth. Construction expanded by 8.2%, supported by robust
public and private demand. Sales of private houses jumped 40%, boosted
by low interest rates. Strong growth in the business services sector
depended heavily on the buoyant real estate market.
Source : Singapore Ministry of Trade and Industry : Economic Survey on National Income, Labour Market, Labour Productivity, Industrial Production , Investment Commitments, Retail Sales Index, Visitor Arrivals, Consumer Price Index, External Trade, Balance of Payments,Foreign Reserves, Exchange Rate
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.