|
HONG KONG |
SINGAPORE |
|
|
Population |
6.7m. |
3.1m. |
|
GDP (PPP) |
$166b. |
$89b. |
|
Per capita GDP (PPP) |
$25,500 |
$28,870 |
|
Exports (past 12 months) |
$182b. |
$127b. |
|
GDP growth (latest quarter) |
-5.20% |
-1.50% |
|
Unemployment rate |
5.30% |
4.50% |
|
Inward foreign direct investment (est. 1996) |
$2.5b. |
$9.4b. |
|
Competitiveness ranking (53 economies) |
||
|
overall |
No. 2 |
No. 1 |
|
government role in economy |
No. 1 |
No. 2 |
|
quality of financial system |
No. 3 |
No. 2 |
|
openness to trade & investment |
No. 4 |
No. 3 |
|
quality of infrastructure |
No. 1 |
No. 2 |
|
computer usage, quality of |
||
|
research & development |
No. 17 |
No. 2 |
|
quality of business management |
No. 14 |
No. 7 |
|
labor costs and efficiency, |
||
|
quality of education |
No. 2 |
No. 1 |
|
legal institutions, absence of |
||
|
graft and organized crime |
No. 7 |
No. 1 |
PPP stands for purchasing power parity, which takes into account price differences between countries. Sources: The Global Competitiveness Report 1998 and Asiaweek Research