Singapore's economy depends heavily on exports and refining imported goods, especially in manufacturing,[120] which constituted 27% of the country's GDP in 2010, and includes significant electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences sectors. In 2006, Singapore produced about 10% of the world's foundry wafer output.[121] Singapore has a diversified economy, a strategy that the government considers vital for its growth and stability despite its size.[122]
Singapore's economy depends heavily on exports and refining imported goods, especially in manufacturing,[120] which constituted 27% of the country's GDP in 2010, and includes significant electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences sectors. In 2006, Singapore produced about 10% of the world's foundry wafer output.[121] Singapore has a diversified economy, a strategy that the government considers vital for its growth and stability despite its size.[122]
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