Singapore Economy

The Singapore economy with a population of 5.076 Million (Est 2010) ranks 45th in the world with a GDP PPP of 238 billion and GDP PPP per capita of 50,180 vs 45,934 (United States) according to the IMF in 2009. Its currency is the Singapore Dollar (SGD). Bank deposits held for a fixed term in Singapore are called time deposits and fixed deposits. According to CIA.gov its inflation was 6.6% in 2008 and 0.2% in 2009.