The economy of Singapore is a highly developed market-based economy, which has historically revolved around trade. The economy depends heavily on exports and refining imported goods, especially in manufacturing.
Singapore is an island city-state. Singapore has one of the busiest ports in the world.
Singapore has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.