Economy of Singapore. Statistics, Data and Indicators
Singapore
| 98AAA | Credit rank #11 |
| 150.45 | Quality of life #32 |
| 5 | Corruption rank#3 |
| 2 | Ease of doing business#2 |
Singapore Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 397 USD Billion | 2021 |
| GDP Annual Growth Rate | 2.1 % | 4Q/22 |
| GDP Growth Rate | 0.1 % | 4Q/22 |
| GDP per capita | 66176 USD | 2021 |
| Inflation Rate YoY | 6.3 % | Feb/23 |
| Interest Rate | 4.08 % | Mar/23 |
| Unemployment Rate | 2 % | 4Q/22 |
| Wages | 6622 SGD/Month | 4977.825 USD/Month | 4Q/22 |
| Balance of Trade | 6708 SGD Million | 5.042 B USD | Feb/23 |
| Current Account | 23522 SGD Million | 17.682 B USD | 4Q/22 |
| Foreign Exchange Reserves | 395889 SGD Million | 297.594 B USD | Feb/23 |
| Government Debt | 1066135 SGD Million | 801.424 B USD | 3Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 397 USD Billion | 2021 |
| GDP Annual Growth Rate | 2.1 % | 4Q/22 |
| GDP Growth Rate | 0.1 % | 4Q/22 |
| GDP per capita | 66176 USD | 2021 |
| Gross National Product | 539955 SGD Million | 405.89 B USD | 2022 |
| GDP Constant Prices | 131044 SGD Million | 98.507 B USD | 4Q/22 |
| GDP per capita PPP | 106032 USD | 2021 |
| GDP From Construction | 3702 SGD Million | 2.783 B USD | 4Q/22 |
| GDP From Manufacturing | 28732 SGD Million | 21.598 B USD | 4Q/22 |
| GDP From Services | 19546 SGD Million | 14.693 B USD | 4Q/22 |
| GDP From Transport | 7971 SGD Million | 5.992 B USD | 4Q/22 |
| GDP From Utilities | 1538 SGD Million | 1.156 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 160 % | 2021 |
| Government Budget Value | 2589 SGD Million | 1.946 USD Billion | Jan/23 |
| Government Spending | 14206 SGD Million | 10.679 USD Billion | 4Q/22 |
| Government Debt | 1066135 SGD Million | 801.424 USD Billion | 3Q/22 |
| Government Revenues | 8628 SGD Million | 6.486 USD Billion | Jan/23 |
| Fiscal Expenditure | 6038 SGD Million | 4.539 B USD | Jan/23 |
| Government Budget to GDP | -0.3 % | 2022 |
| Military Expenditure | 11115 USD Million | 11.115 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 112 index points | Feb/23 |
| Export Prices | 107 index points | Feb/23 |
| Food Inflation | 8.1 % | Feb/23 |
| Gasoline Prices | 2.71 USD/Liter | Mar/23 |
| GDP Deflator | 121 index points | 4Q/22 |
| Import Prices | 109 index points | Feb/23 |
| Inflation Rate YoY | 6.3 % | Feb/23 |
| Producer Prices | 110 index points | Jan/23 |
| Inflation Rate Mom | 0.6 % | Feb/23 |
| Core Consumer Prices | 113 Index Points | Feb/23 |
| Core Inflation Rate | 5.5 % | Feb/23 |
| CPI Housing Utilities | 110 Index Points | Feb/23 |
| CPI Transportation | 130 Index Points | Feb/23 |
| Producer Prices Change | -4.7 % | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 19.3 % | 2022 |
| Weapons Sales | 47 USD Million | 2016 |
| Balance of Trade | 6708 SGD Million | 5.042 USD Billion | Feb/23 |
| Capital Flows | 33501 SGD Million | 25.183 USD Billion | 4Q/22 |
| Current Account | 23522 SGD Million | 17.682 USD Billion | 4Q/22 |
| Exports | 51642 SGD Million | 38.82 USD Billion | Feb/23 |
| External Debt | 2514022 SGD Million | 1889.816 USD Billion | 3Q/22 |
| Foreign Exchange Reserves | 395889 SGD Million | 297.594 USD Billion | Feb/23 |
| Imports | 44934 SGD Million | 33.777 USD Billion | Feb/23 |
| Terms of Trade | 99.76 Index Points | Jan/23 |
| Tourist Arrivals | 957610 Persons | 0.958 Million Persons | Feb/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 5.25 % | Jun/21 |
| Gold Reserves | 154 Tonnes | 4Q/22 |
| Interbank Rate | 4.19 % | Mar/23 |
| Interest Rate | 4.08 % | Mar/23 |
| Loans to Private Sector | 807127 SGD Million | 606.726 USD Billion | Jan/23 |
| Money Supply M0 | 61024 SGD Million | 45.872 USD Billion | Jan/23 |
| Money Supply M1 | 250175 SGD Million | 188.059 USD Billion | Jan/23 |
| Money Supply M2 | 747443 SGD Million | 561.86 USD Billion | Jan/23 |
| Money Supply M3 | 762162 SGD Million | 572.925 USD Billion | Jan/23 |
| Central Bank Balance Sheet | 651551 SGD Million | 489.777 B USD | Feb/23 |
| Deposit Interest Rate | 0.12 % | Jun/21 |
| Foreign Direct Investment | 35297 SGD Million | 26.533 B USD | 3Q/22 |
| Private Sector Credit | 632191 SGD Million | 475.224 B USD | Jan/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 63 | 2022 |
| Retirement Age Women | 63 | 2022 |
| Unemployment Rate | 2 % | 4Q/22 |
| Wages | 6622 SGD/Month | 4977.825 USD/Month | 4Q/22 |
| Employed Persons | 3898 Thousand Person | 3.898 Million Person | 2022 |
| Employment Change | 52 Thousand Person | 4Q/22 |
| Job Vacancies | 102700 | 102.7 K | 4Q/22 |
| Labor Force Participation Rate | 70.5 % | 2021 |
| Unemployed Persons | 98 Thousand Persons | 0.098 Million Persons | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 17 % | 2022 |
| Personal Income Tax Rate | 22 % | 2022 |
| Sales Tax Rate | 7 % | 2022 |
| Social Security Rate | 37 % | 2022 |
| Social Security Rate For Companies | 17 % | 2022 |
| Social Security Rate For Employees | 20 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -8.9 % | Feb/23 |
| Industrial Production (MoM) | -11.7 % | Feb/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 59 companies | Feb/23 |
| Business Confidence | -25 index points | 4Q/22 |
| Corruption Index | 83 index points | 2022 |
| Corruption Rank | 5 place | 2022 |
| Ease of Doing Business | 2 place | 2019 |
| Manufacturing PMI | 50 index points | Feb/23 |
| Competitiveness Index | 84.78 Index Points | 2019 |
| Competitiveness Rank | 1 | 2019 |
| Composite PMI | 49.6 Index Points | Feb/23 |
| Leading Economic Index | 106 Index Points | 4Q/22 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales MoM | -9.4 % | Jan/23 |
| Retail Sales YoY | -0.8 % | Jan/23 |
| Consumer Spending | 47358 SGD Million | 35.599 USD Billion | 4Q/22 |
| Households Debt To GDP | 49.9 % | 3Q/22 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| New Home Sales | 432 Units | Feb/23 |
