Singapore is a developed capitalist country, known as one of the "Four Little Dragons in Asia", and its economic model is called "state capitalism". According to the ranking report of Global Financial Center Index (GFCI) in 20 17, Singapore is the fourth largest international financial center after new york, London and Hongkong, and also one of the important service and shipping centers in Asia.

Singapore is a multi-ethnic economy, mainly a highly developed country with private economy, but the government will assist its internal and external economic development with financial and administrative power. According to the American Heritage Foundation and the Wall Street Journal's "Economic Freedom Index" report in 2020, Singapore ranked first.

Singapore is currently one of the most mature capital markets in the Asia-Pacific region. Singapore's tourism plays an important role, accounting for more than 3% of GDP.

Singapore's main industries: electronics, chemicals, financial services, oil refining, rubber, food, shipbuilding, offshore drilling platforms, biological research and entrepot trade.