Abstract
Economic growth is related to the living situation of the population, so this study is of interest. The economic development of the country is aimed at ensuring the competitiveness and investment attractiveness of the national economy and individual socio-economic systems is associated with improved management of the processes of formation, reproduction and realisation of potential. The purpose of this article is to investigate economic development of Singapore in 2000–2021 by analysing basic macroeconomic indicators, such as GDP, inflation, unemployment, the exchange rate, the balance of payments, as well as analysing the prospects for investment in various sectors of the economy. A study of government measures aimed at attracting foreign investment has also been conducted. As a result of the regression analysis it was found out, significant influence of foreign direct investment on economic development of Singapore. From the regression analysis we can conclude the influence of financial account and total debt on gross domestic product growth, other indicators are not so significant.
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