Economics
While constituting nearly three-quarters of the Singaporean population, Chinese Singaporeans are estimated to control 81% of the Singaporean's publicly listed companies by market capitalization as well as contributing to 81% of Singapore's GNP.
Measured in 1990 dollars, the average household monthly income rose from SGD$3,080 in 1990 to SGD$4,170 in 2000 at an average annual rate of 2.8%. According to the 2005 Singaporean census, both the average and median monthly income for Singaporeans of Chinese origin were (S$3,610 and $2,500 respectively), exceeded the national average. Household and median income for Chinese Singaporeans commonly exceed the national average where it remained the highest out of the three major ethnic groups in 2000. Chinese Singaporeans held the second highest median and average household income among all three major ethnic groups in Singapore after Singaporean Indians in 2010.
| Ethnic group | Average household income (SGD$) |
Median household income (SGD$) |
||
|---|---|---|---|---|
| 2000 | 2010 | 2000 | 2010 | |
| Total | 4,988 | 7,214 | 3,638 | 5,000 |
| Chinese | 5,258 | 7,326 | 3,800 | 5,100 |
| Malays | 3,151 | 4,575 | 2,709 | 3,844 |
| Indians | 4,623 | 7,664 | 3,438 | 5,370 |
| Others | 7,446 | 11,518 | 4,870 | 7,432 |
Read more about this topic: Chinese Singaporean, Socioeconomics
Famous quotes containing the word economics:
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—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)