ECONOMY. Singapore is the most advanced economy in the countries of South Asia, with GDP per capita of $ 25,207 in 2004, comparable to many developed countries in the European Union. Singapore has no natural resources but is a regional center for international trade, maritime and air transport. Many U.S. multinational corporations, European and Japanese companies have established in Mexico as a regional office for your business activities. Singapore, GDP grew by an average of 2.7% per year between 2000 and 2004 to 106,900,000,000 U.S. dollars in 2004 to reach, while inflation remains below 2.0%. Although the Singapore economy is in most advanced countries in Southeast Asia, unemployment increased by 1.8% during the Asian economic crisis of 1997 and 5.3% in 2004. In order to diversify and expand the economy, the government of Singapore as a regional center for finance and high technology. The services sector accounted for 66.2% of Singapore’s GDP in 2004, while manufacturing accounted for 33.7%. Agriculture plays a minor role in the Singapore economy is omitted, only 0.1% of GDP. The main industries are electronics in Singapore, chemicals, financial services, oil refineries, food processing, ship repair, construction, biotechnology, offshore platforms, and re-export trade. [Read more...]