gpd describe singapore unemployment rate
In 2005, economic growth was 6.4%; and in 2006, 7.9%. As of 8 June 2013, Singapore's unemployment rate is around 1.9% and the country's economy has a lowered growth rate, with a rate of 1.8% on a quarter-by-quarter basisâcompared to 14.8% in 2010.ingapore also has a strategic port which makes it more competitive than many of its neighbours in carrying out such entrepot activities. Singapore has the highest trade to GDP ratio in the world, averaging around 400% during 2008â11.