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Economy of Singapore. Statistics, Data and Indicators

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Singapore
98AAA Credit rank #11
150.45 Quality of life #32
4 Corruption rank#3
2 Ease of doing business#2
Singapore


Singapore Major Economic Indicators

Indicator Data Period
GDP Value 340 USD Billion 2020
GDP Annual Growth Rate 3.7 % 1Q/22
GDP Growth Rate 0.7 % 1Q/22
GDP per capita 58057 USD 2020
Inflation Rate YoY 5.6 % May/22
Interest Rate 0.64 % May/22
Unemployment Rate 2.2 % 1Q/22
Wages 6641 SGD/Month | 4757.504 USD/Month 1Q/22
Balance of Trade 3243 SGD Million | 2.323 B USD May/22
Current Account 28855 SGD Million | 20.671 B USD 1Q/22
Foreign Exchange Reserves 473264 SGD Million | 339.039 B USD May/22
Government Debt 874111 SGD Million | 626.199 B USD 1Q/22


GDP Indicators

Indicator Data Period
GDP Value 340 USD Billion 2020
GDP Annual Growth Rate 3.7 % 1Q/22
GDP Growth Rate 0.7 % 1Q/22
GDP per capita 58057 USD 2020
Gross National Product 469088 SGD Million | 336.047 B USD 2021
GDP Constant Prices 127705 SGD Million | 91.486 B USD 1Q/22
GDP per capita PPP 93397 USD 2020
GDP From Construction  3695 SGD Million | 2.647 B USD 1Q/22
GDP From Manufacturing  29525 SGD Million | 21.151 B USD 1Q/22
GDP From Services  17880 SGD Million | 12.809 B USD 1Q/22
GDP From Transport  7201 SGD Million | 5.159 B USD 1Q/22
GDP From Utilities  1549 SGD Million | 1.11 B USD 1Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 131 % 2020
Government Budget Value -158 SGD Million | -0.113 USD Billion Apr/22
Government Spending 13988 SGD Million | 10.021 USD Billion 1Q/22
Government Debt 874111 SGD Million | 626.199 USD Billion 1Q/22
Government Revenues 4746 SGD Million | 3.4 USD Billion Apr/22
Fiscal Expenditure  4904 SGD Million | 3.513 B USD Apr/22
Government Budget to GDP -13.9 % 2020
Military Expenditure 11020 USD Million | 11.02 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 108 index points May/22
Export Prices 126 index points May/22
Food Inflation 4.5 % May/22
Gasoline Prices 2.36 USD/Liter Jun/22
GDP Deflator 113 index points 1Q/22
Import Prices 126 index points May/22
Inflation Rate YoY 5.6 % May/22
Producer Prices 117 index points May/22
Inflation Rate Mom 1 % May/22
Core Consumer Prices 104 Index Points May/22
Core Inflation Rate 3.6 % May/22
CPI Housing Utilities 106 Index Points May/22
CPI Transportation 124 Index Points May/22
Producer Prices Change  31.4 % May/22


Trade Indicators

Indicator Data Period
Current Account to GDP 17.6 % 2020
Weapons Sales 47 USD Million 2016
Balance of Trade 3243 SGD Million | 2.323 USD Billion May/22
Capital Flows 76340 SGD Million | 54.689 USD Billion 1Q/22
Current Account 28855 SGD Million | 20.671 USD Billion 1Q/22
Exports 62697 SGD Million | 44.915 USD Billion May/22
External Debt 2390923 SGD Million | 1712.818 USD Billion 4Q/21
Foreign Exchange Reserves 473264 SGD Million | 339.039 USD Billion May/22
Imports 59454 SGD Million | 42.592 USD Billion May/22
Terms of Trade  99.57 Index Points May/22
Tourist Arrivals 418310 Persons | 0.418 Million Persons May/22


Money Indicators

Indicator Data Period
Bank Lending Rate 5.25 % Jun/21
Gold Reserves 154 Tonnes 1Q/22
Interbank Rate 1.91 % Jul/22
Interest Rate 0.64 % May/22
Loans to Private Sector 839751 SGD Million | 601.584 USD Billion May/22
Money Supply M0 58922 SGD Million | 42.211 USD Billion May/22
Money Supply M1 288656 SGD Million | 206.788 USD Billion May/22
Money Supply M2 759001 SGD Million | 543.736 USD Billion May/22
Money Supply M3 772508 SGD Million | 553.412 USD Billion May/22
Central Bank Balance Sheet 608058 SGD Million | 435.603 B USD Mar/22
Deposit Interest Rate 0.12 % Jun/21
Foreign Direct Investment 34913 SGD Million | 25.011 B USD 4Q/21
Private Sector Credit  630838 SGD Million | 451.922 B USD May/22


Labor Indicators

Indicator Data Period
Retirement Age Men 62 2021
Retirement Age Women 62 2021
Unemployment Rate 2.2 % 1Q/22
Wages 6641 SGD/Month | 4757.504 USD/Month 1Q/22
Employed Persons 3643 Thousand Person | 3.643 Million Person 2021
Employment Change  41.1 Thousand Person 1Q/22
Job Vacancies 123100 | 123.1 K 1Q/22
Labor Force Participation Rate 68.1 % 2020
Unemployed Persons 124 Thousand Persons | 0.124 Million Persons 2021


Taxes



Production Indicators

Indicator Data Period
Industrial Production 13.8 % May/22
Industrial Production (MoM) 10.9 % May/22


Business Indicators

Indicator Data Period
Bankruptcies 90 companies Apr/22
Business Confidence 2 index points 1Q/22
Corruption Index 85 index points 2021
Corruption Rank 4 place 2021
Ease of Doing Business 2 place 2019
Manufacturing PMI 50.4 index points May/22
Competitiveness Index 84.78 Index Points 2019
Competitiveness Rank 1 2019
Composite PMI 59.4 Index Points May/22
Leading Economic Index  112 Index Points 1Q/22


Consumer Indicators

Indicator Data Period
Retail Sales MoM 1.2 % Apr/22
Retail Sales YoY 12.1 % Apr/22
Consumer Spending 43741 SGD Million | 31.335 USD Billion 1Q/22
Households Debt To GDP 60.2 % 3Q/21


Housing Market

Indicator Data Period
New Home Sales  654 Units Mar/22