It is a city-state and the smallest country in ASEAN with the population of 5.6 million in 2017.
Despite its limited natural resources, the economic performance of Singapore is outstanding in the ASEAN region.
Oil and gas have been the dominant in TPES, being one of the world largest bunker ports.
Oil products are the main consumer in TFEC possibly due to the transportation.
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Singapore is a city-state with a population of 5.45 million [1] in 2021. Despite its small area and limited natural resources, the economic performance of Singapore is outstanding in the ASEAN region. In 2021, its GDP amounted to USD 394 billion1. The GDP per capita was at USD 72,399.7, placing Singapore as number one in the ASEAN. The industrial and service sectors contribute to more than 80% of the GDP. There are four official languages used in Singapore: English, Chinese (Mandarin), Malay, and Tamil.
[1] ASEAN Secretariat. ASEAN Statistical Highlight 2022
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Singapore is the smallest country in ASEAN with a total area of 728.6 km2. However, it is densely populated by more than 5.45 million people as of 2021. In a decade, the total population grew by 3.4% from the previous year, mainly due to the increase in the non-resident population [1]. Nonetheless, Singapore still ranks as the highest Gross Domestic Product (GDP) per capita among other ASEAN member states with 72,399.7 USD as of 2021.
[1] Population Growth (annual %) – Brunei Darussalam, The World Bank (2021)
[2] GDP per Capita (in USD) – Brunei Darussalam, The World Bank (2021)
Oil and gas have been dominant in TPES. Furthermore, being one of the world’s largest bunker ports and together with the total exports, Singapore always has a net negative consumption of oil products in TPES.
Oil products are the main consumer in TFEC, possibly due to the transportation and the international bankers. Singapore’s Coal Consumption was reported at 0.913 TOE million in Dec 2018 [1].
[1] CEIC: Singapore Coal Consumption
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